Personal Bankers in the United States take home an average $15.90 per hour. In the world of Personal Bankers, overall cash allowance can occasionally include more than $9K from bonuses and, in some exceptional cases, $8K from profit sharing, causing incomes to vary widely between $28K and $47K. The specific employer is the biggest factor affecting pay for this group, followed by geography and tenure. Women Personal Bankers who took the survey just slightly outnumber men. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction is high and work is enjoyable for most Personal Bankers. The data in this summary comes from the PayScale salary survey.

$29,331 - $46,477
(Median)
$29K
$37K
$46K
MEDIAN: $36,534
10%
50%
90%

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$12.45 - $19.60
(Median)
$12
$16
$20
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16K$32K$48K
Salary
$29,331 - $46,477  
   
Bonus
$623 - $8,519  
Profit Sharing
$382.98 - $7,973  
Commission
$873 - $9,929  
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).
)
$27,545 - $46,626  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,697
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$12.45 - $19.60  
   
Hourly Tips
$1.25  
Overtime
$18.16 - $30.82  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$623 - $8,519  
   
Commission
$873 - $9,929  
Profit Sharing
$382.98 - $7,973  
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).
)
$27,545 - $46,626  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,922
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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

  • Collects customer information for new loans and begins review process.
  • Sells financial products and services to potential and current customers.
  • 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.

Common Career Paths for Personal Banker


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As Personal Bankers transition into upper-level roles such as Private Banker, they may see a strong upturn in salary. Private Bankers earn $80K on average per year. Career advancement for the typical Personal Banker often leads to becoming a Banking Branch Manager or an Assistant Branch Manager of Banking; median salaries in these positions are $16K higher and $3K higher, respectively.

Personal Banker Job Listings

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Popular Employer Salaries for Personal Banker


Leading companies who hire large numbers of Personal Bankers include Wells Fargo Bank, Bank of America Corp. (BOFA), Wells Fargo & Co., Chase Bank, and U.S. Bank. Employees at Citibank enjoy the biggest paychecks, and $47K 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 $57K. Bank of America Corp. (BOFA), KeyBank, and J.P. Morgan Chase & Co. (JPMCC) are a few other companies that offer generous salaries, with Personal Bankers earning around $41K, $41K, or $41K at each firm, respectively.

Woodforest National Bank lags the field greatly in terms of pay, offering a median salary about half the top paying employer's rate ($24K). Others at the bottom of the scale for this job include Associated Bank Corp. at $32K, The PNC Financial Services Group, Inc. at $32K, and U.S. Bank, where $34K is the norm.

Popular Skills for Personal Banker


Personal Bankers report using a large range 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. Most people experienced in Banking also know Sales.

Pay by Experience Level for Personal Banker

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Personal Bankers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average worker who claims fewer than five years of experience earns around $35K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $38K. Personal Bankers with one to two decades of relevant experience report an average salary of approximately $39K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $40K.

Pay Difference by Location

National Average: $36,040

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

New York is home to an above-average pay rate for Personal Bankers, 19 percent higher than the national average. Personal Bankers can also look forward to large paychecks in cities like Seattle (+14 percent), Los Angeles (+11 percent), Miami (+10 percent), and Chicago (+8 percent). Milwaukee is the lowest-paying area, 6 percent south of the national average. Below-median salaries also turn up in Denver and Phoenix (4 percent lower and 1 percent lower, respectively).

Personal Banker Reviews

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 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

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Experience Affects Personal Banker Salaries




National Average
$36,000


Skills That Affect Personal Banker Salaries


Spanish Language
up arrow 3%

Sales
up arrow 2%

Consumer Loans
up arrow 2%

Inside Sales
up arrow 2%

Banking
up arrow 1%

Account Sales
up arrow 1%

Problem Solving
up arrow 1%

Loan Processing
up arrow 1%

Customer Relations
0%

Mortgage Loans
0%

National Average
$36,000

Customer Service
up arrow 1%

Account Management
up arrow 1%

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 449 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
8%
1-4 years
53%
5-9 years
22%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 76%
medical benefits
Vision: 66%
dental benefits
None: 15%
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