Personal Banker Salary

The average Personal Banker in the United States can expect to rake in roughly $15.80 per hour. Overall compensation packages to Personal Bankers range from $27K on the low end to $47K on the high end; this includes bonuses that peak near $9K and profit sharing that approaches $8K, with some high rollers snagging commissions as high as $10K. The specific employer is the biggest factor affecting pay for this group, followed by geography and experience level. Job satisfaction for Personal Bankers is high. Women Personal Bankers who took the survey just slightly outnumber men. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$29,360 - $47,155
$29K
$37K
$47K
MEDIAN: $36,729
10%
50%
90%

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$12.46 - $19.55
$12
$16
$20
MEDIAN: $15.80
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
$29,360 - $47,155  
   
Bonus
$706 - $8,666  
Profit Sharing
$360.65 - $8,027  
Commission
$621 - $10,065  
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).
)
$27,486 - $46,790  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,510
© PayScale, Inc. @ www.payscale.com
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 - $19.55  
   
Hourly Tips
$1.25  
Overtime
$18.35 - $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
$706 - $8,666  
   
Commission
$621 - $10,065  
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).
)
$27,486 - $46,790  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,878
© PayScale, Inc. @ www.payscale.com

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 go on to become Private Bankers may see their salaries climb quite a bit. Median pay for Private Bankers is $79K annually. 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


Many Personal Bankers can be found at Wells Fargo Bank, Bank of America Corp. (BOFA), Wells Fargo & Co., Chase Bank, and U.S. Bank, firms that are at the top of the field. 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. Other leaders in compensation levels are Bank of America Corp. (BOFA) at $42K, J.P. Morgan Chase & Co. (JPMCC) at $40K, and SunTrust Banks Inc., where Personal Bankers annually earn $40K.

With a median employee salary of $24K, Woodforest National Bank pays significantly less than its competitors (about half the top paying employer's rate). Also sliding in at the lower end of the scale are Associated Bank Corp. ($32K), The PNC Financial Services Group, Inc. ($33K), and U.S. Bank ($34K).

Popular Skills for Personal Banker


Personal Bankers seem to wield many 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. Skills that are correlated to lower pay, on the other hand, include 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.


Personal Bankers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries of relatively inexperienced workers fall in the neighborhood of $35K, but folks who have racked up five to 10 years see a notably higher median of $38K. Personal Bankers claiming one to two decades of experience make an estimated median of $39K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $40K.

Pay Difference by Location

National Average: $35,980

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

Personal Bankers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 29 percent. Personal Bankers can also look forward to large paychecks in cities like New York (+20 percent), Seattle (+19 percent), Los Angeles (+10 percent), and Chicago (+8 percent). The smallest paychecks in the market, 4 percent south of the national average, can be found in Denver.

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 447 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


▲2%


▲1%





Account Sales
▼0%

Inside Sales
▼0%

National Average
$36,000






Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 447 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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