Personal Banker Salary

Personal Bankers aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $34K per year. Overall cash earnings for Personal Bankers stretch from $26K on the lower end to $46K near the top, and the heftiest packages can encompass around $8K from bonuses and $3K from profit sharing. The most influential factor affecting pay for this group is the particular firm, though the particular city and experience level have a (lesser) impact as well. The majority of workers are highly satisfied with their job. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. Medical benefits are awarded to a large number, and a fair number earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.

$28,279 - $43,664
(Median)
$28K
$34K
$44K
MEDIAN: $34,470
10%
50%
90%

Add this chart to your site: 640px    300px

$11.52 - $18.89
(Median)
$12
$15
$19
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16K$32K$48K
Salary
$28,279 - $43,664  
   
Bonus
$0.00 - $7,906  
Profit Sharing
$266.88 - $3,003  
Commission
$955 - $12,081  
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).
)
$26,029 - $45,842  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 3,090
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$11.52 - $18.89  
   
Overtime
$15.87 - $29.09  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$0.00 - $7,906  
   
Commission
$955 - $12,081  
Profit Sharing
$266.88 - $3,003  
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).
)
$26,029 - $45,842  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 2,661

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click Here »

Job Description for Personal Banker

Personal bankers work closely with their customers to determine how the bank can best meet their needs. They seek to provide great customer service to retain current customers and to attract new ones. Personal bankers open and maintain accounts for customers, meeting with them to determine which product or range of products is best suited to them and ensuring that they understand all the conditions and features.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


It's not very common for Personal Bankers to move on to become Private Bankers. Average pay for a Private Banker is $78K annually. Personal Bankers moving up in their careers tend to step into positions as Banking Branch Managers or Assistant Branch Managers of Banking. The median paychecks in those roles are $16K higher and $3K higher, respectively.

Personal Banker Job Listings

Search for more jobs:

Popular Employer Salaries for Personal Banker


Wells Fargo Bank, Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, and U.S. Bank are all popular places to work. Citibank offers the best pay with a median salary of $42K, though salaries there don't seem that varied, bottoming out near $32K and maxing out at just $55K. Other employers shelling out big bucks include KeyBank, J.P. Morgan Chase & Co. (JPMCC), and Chase Bank, where Personal Bankers typically earn around $41K, $40K, or $39K, respectively.

Earnings fall especially short at Woodforest National Bank, where the median salary of $24K is the lowest in the field, 73 percent lower than the top payer. Others at the bottom of the scale for this job include The PNC Financial Services Group, Inc. at $31K, U.S. Bank at $31K, and Citizens Financial Group, Inc., 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 Spanish Language, Mortgage Loans, Customer Relationship Management, and Sales are correlated to pay that is above average, with boosts of 6 percent, 5 percent, 4 percent, and 4 percent, respectively. The majority of those who know 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. Relatively untried employees who have less than five years' experience make $34K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $37K. Personal Bankers with one to two decades of relevant experience report an average salary of approximately $38K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $39K.

Pay Difference by Location


For those looking to make money, Personal Bankers in New York enjoy an exceptional pay rate, 25 percent above the national average. Personal Bankers will also find cushy salaries in San Francisco (+22 percent), Los Angeles (+12 percent), Miami (+10 percent), and San Diego (+7 percent). Denver is the lowest-paying area, 6 percent south of the national average.

Personal Banker Reviews

What is it like working as a Personal Banker?

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

United States (change)

Experience Affects Personal Banker Salaries




National Average
$35,000


Skills That Affect Personal Banker Salaries



Customer Relationship Management (CRM)
up arrow 4%

Sales
up arrow 3%

Banking
up arrow 2%

Account Sales
up arrow 2%

Account Management
up arrow 2%

Consumer Loans
up arrow 1%

Customer Relations
0%

Problem Solving
0%

National Average
$35,000

Customer Service
up arrow 1%

Loan Processing
up arrow 1%

Inside Sales
up arrow 1%

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 1023 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
8%
1-4 years
53%
5-9 years
25%
10-19 years
11%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 78%
vision benefits Vision: 64% employee benefits None: 12%