Personal Banker Salary

Personal Bankers in the United States pull down an average of $15.82 per hour. Total cash earnings of Personal Bankers range from $27K near the bottom to $46K near the top, where some exceptional performers can get $8K each from bonuses and profit sharing, plus, in very few cases, commissions exceeding $10K. This group's pay is mainly influenced by the particular firm, followed by the particular city and tenure. Work is enjoyable for Personal Bankers, who typically claim high levels of job satisfaction. Women make up a slight majority of Personal Bankers (58 percent) survey respondents. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$29,195 - $46,625
$29K
$37K
$47K
MEDIAN: $36,512
10%
50%
90%

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$12.46 - $19.52
$12
$16
$20
MEDIAN: $15.82
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
$29,195 - $46,625  
   
Bonus
$624 - $8,317  
Profit Sharing
$360.65 - $8,027  
Commission
$692 - $10,019  
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).
)
$27,379 - $46,430  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,610
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
$12.46 - $19.52  
   
Hourly Tips
$1.25  
Overtime
$18.32 - $30.70  
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
$624 - $8,317  
   
Commission
$692 - $10,019  
Profit Sharing
$360.65 - $8,027  
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).
)
$27,379 - $46,430  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,954

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • 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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Personal Bankers who transition into a Private Banker role may receive large pay increases as the latter position pays an average $79K per year. The most common next step for a Personal Banker is to become a Banking Branch Manager or an Assistant Branch Manager of Banking. The former position pays an additional $16K per year on average, and the latter position pays $3K more per year.

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 $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), KeyBank, and J.P. Morgan Chase & Co. (JPMCC) also offer top salaries for Personal Bankers. Workers at these firms can expect to earn about $41K, $41K, and $40K, respectively.

Earnings fall especially short at Woodforest National Bank, where the median salary of $24K is the lowest in the field, just about half of the top paying company's median. Workers at Associated Bank Corp., The PNC Financial Services Group, Inc., and U.S. Bank also face smaller salaries than the rest of the field — average earnings for these employers come to $32K, $32K, and $33K respectively.

Popular Skills for Personal Banker


Survey results imply that Personal Bankers deploy a substantial tool kit of skills at work. 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. 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.


For many Personal Bankers, extensive experience does not lead to significantly more money. Those in the early stages of their career can expect to make around $35K; however, individuals with five to 10 years of experience bring in $38K on average — a distinctly larger sum. People with 10 to 20 years of experience make an average of about $39K in this role. Personal Bankers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $40K on average.

Pay Difference by Location

National Average: $35,913

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

New York is home to an above-average pay rate for Personal Bankers, 20 percent higher than the national average. Personal Bankers will also find cushy salaries in Seattle (+18 percent), Miami (+10 percent), Los Angeles (+9 percent), and Chicago (+7 percent). Those in the field find the lowest salaries in Denver, 4 percent below the national average.

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 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
58 %
Male
42 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 461 votes.
Less than 1 year
7%
1-4 years
53%
5-9 years
22%
10-19 years
13%
20 years or more
5%
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

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 461 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
7%
1-4 years
53%
5-9 years
22%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 76%
vision benefits
Vision: 66%
dental benefits
None: 15%
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