Personal Banker Salary

Median pay for Personal Bankers in the United States is around $15.86 per hour. Total cash compensation for Personal Bankers runs from around $28K to approximately $47K, including potential for up to $8K each from bonuses and profit sharing, with a few receiving commissions as high as $10K. Earnings for this group are mostly affected by the specific employer, followed by the particular city and experience level. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Respondents to the PayScale salary survey provided the data for this report.

$29,359 - $47,598
$29K
$37K
$48K
MEDIAN: $36,927
10%
50%
90%

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$12.45 - $19.67
$12
$16
$20
MEDIAN: $15.86
10%
50%
90%

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$0$47K
Salary $29,359 - $47,598
Bonus $682 - $8,319
Profit Sharing $251.68 - $7,946
Commission $620 - $10,128
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,520 - $46,890
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,469
Hourly Data $0$30
Hourly Rate $12.45 - $19.67
Hourly Tips $1.25
Overtime $18.21 - $30.76
Annual Data $0$46K
Bonus $682 - $8,319
Commission $620 - $10,128
Profit Sharing $251.68 - $7,946
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,520 - $46,890
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,923

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Personal Banker

Personal bankers are responsible for helping individual clients manage their money in order to balance financial risks and returns. These bankers typically work in indoor office environments, and some limited travel may be required to attend social networking events and appeal to potential clients. Although they generally work during traditional business hours, extended hours may be required depending on the organization and needs of the client.

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Personal Banker Tasks

  • Provides customer service, explaining bank services and assisting with new accounts, loans, bonds, and securities.
  • Enters new and updated customer account information into computer system.
  • Collects customer information for new loans and begins review process.
  • Sells financial products and services to potential and current customers.

Common Career Paths for Personal Banker


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At the upper end, Personal Bankers who move into a Private Banker role can end up with a hefty increase in pay. The average income for Private Bankers is a much higher $79K per year. Typical career progression for a Personal Banker involves becoming a Banking Branch Manager or an Assistant Branch Manager of Banking, roles that pay $16K more and $3K more on average.

Personal Banker Job Listings

Popular Employer Salaries for Personal Banker


Wells Fargo Bank, Bank of America Corp. (BOFA), Wells Fargo & Co., Chase Bank, and U.S. Bank are all popular places to work. Employees at Citibank enjoy the biggest paychecks, and $46K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $34K and higher ones not far away at only $58K. Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), and SunTrust Banks Inc. are a few other companies that offer generous salaries, with Personal Bankers earning around $42K, $40K, or $40K at each firm, respectively.

Woodforest National Bank employees cannot expect much in terms of compensation — the median salary amounts to only $24K, just about half of the top paying company's median. Others at the bottom of the scale for this job include Associated Bank Corp. at $32K, The PNC Financial Services Group, Inc. at $33K, and U.S. Bank, where $34K is the norm.

Popular Skills for Personal Banker


Personal Bankers report using a deep pool of skills on the job. Most notably, skills in Customer Relationship Management, Spanish Language, Sales, and Consumer Loans are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Office. It is often found that people who know Banking are also skilled in Sales.

Pay by Experience Level for Personal Banker

Pay by Experience for a Personal Banker has a positive trend. An entry-level Personal Banker with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 2,341 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Personal Banker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $38,000 based on 916 salaries. An experienced Personal Banker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $39,000 based on 511 salaries. A Personal Banker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 164 salaries.

Pay Difference by Location

National Average: $36,088

Larger city markers indicate a job is popular in that location.

For those looking to make money, Personal Bankers in San Francisco enjoy an exceptional pay rate, 29 percent above the national average. Personal Bankers will also find cushy salaries in New York (+20 percent), Seattle (+18 percent), Los Angeles (+10 percent), and Chicago (+7 percent). Trailing the national average by 4 percent, Denver is the market with the smallest paychecks.

Personal Banker Reviews

Q: What is it like working as a Personal Banker?

Personal Banker in Cocoa Beach:
"Cake."
Pros: The job is simple. If you build up a solid client base, making your goals is not hard. Keeping a solid relationship is key.
Cons: Untrained untested employees ruining customer relations.

Personal Banker in Plant City:
Pros: The customers, and helping them with their issues.
Cons: My supervisor.

Personal Banker in Marshalltown:
"Benefits."
Pros: 5 weeks of vacation, no holidays, no nights, rare weekends, boss.
Cons: Sales goals, salary, co-workers, tasks.

Personal Banker in Fort Worth:
"Career Oriented Company."
Pros: If you are looking for a job, this might not be the best option. Wells Fargo likes to keep people as long as possible. If you are good at what you do, you will move up quickly. Performance based company, if you are not good with people, this might not be the best option. I enjoy the company, the culture and the compensations.
Cons: Performance based company. Very performance based. Favoritism throughout the work place; very apparent so...get along with ALL of your peers.

Related Job Salaries

Key Stats for Personal Banker

Gender

Female
59 %
Male
41 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 505 votes.
Less than 1 year
7%
1-4 years
53%
5-9 years
22%
10-19 years
14%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Personal Banker Salaries

▲10%

▲9%

▲6%

National Average
$36,000

▼3%

Skills That Affect Personal Banker Salaries


▲2%




▼0%


Account Sales
▼0%


Inside Sales
▼0%

National Average
$36,000






Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 505 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
7%
1-4 years
53%
5-9 years
22%
10-19 years
14%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 76%
vision benefits
Vision: 66%
no benefits
None: 14%
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