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Personal Banker Salary

Pay for Personal Bankers in the United States is very modest at just $35K per year. In the world of Personal Bankers, overall income ranges from $26K near the bottom to $46K at the top; this can include more than $8K from bonuses and more than $3K from profit sharing in exceptional cases. 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. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. The data for this synopsis comes from respondents who took the PayScale salary survey.

$28,357 - $43,810
(Median)
$28K
$35K
$44K
MEDIAN: $34,609
10%
50%
90%

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$11.58 - $18.91
(Median)
$12
$15
$19
MEDIAN: $15.00
10%
50%
90%

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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
$28,357 - $43,810  
   
Bonus
$0.00 - $7,893  
Profit Sharing
$351.17 - $3,030  
Commission
$789 - $11,934  
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).
)
$26,109 - $45,839  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 3,010
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
$11.58 - $18.91  
   
Overtime
$15.87 - $29.04  
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 - $7,893  
   
Commission
$789 - $11,934  
Profit Sharing
$351.17 - $3,030  
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).
)
$26,109 - $45,839  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 2,651
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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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There are some Personal Bankers — though it's uncommon — that transition into Private Bankers, where earnings are an average $78K annually. Personal Bankers typically move into roles as Banking Branch Managers or Assistant Branch Managers of Banking, and those positions pay $16K more and $3K more, respectively.

Personal Banker Job Listings

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Popular Employer Salaries for Personal Banker


Personal Bankers flock to Wells Fargo Bank, Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, and U.S. Bank, highly regarded companies that employ a generous number of people in this profession. With a median salary of $42K, Citibank offers Personal Bankers the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $32K and are capped at $55K. Soaring salaries can also be found at J.P. Morgan Chase & Co. (JPMCC), KeyBank, and Bank of America Corp. (BOFA), where earnings of $40K, $40K, or $39K are standard for Personal Bankers.

Considering that the median salary at Woodforest National Bank is a shallow $24K, it is not surprising that this employer ranks last in compensation relative to (and far behind) other companies in the same line of work — their median pay is 71 percent lower than the top payer. Other low-paying employers include U.S. Bank at $31K and The PNC Financial Services Group, Inc. at $31K, though some Personal Bankers there earn up to $43K.

Popular Skills for Personal Banker


Survey takers working as Personal Bankers report using a large range of professional skills. Most notably, skills in Spanish Language, Mortgage Loans, Customer Relationship Management, and Sales are correlated to pay that is above average, with boosts between 4 percent and 6 percent. Most people 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. Although individuals who have less than five years' experience earn $34K on average, people with five to 10 years benefit from a notably larger average of $37K. After working for 10 to 20 years, Personal Bankers make a median salary of $38K. 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


For Personal Bankers, busy New York offers a higher-than-average pay rate, 24 percent above the national average. Personal Bankers will also find cushy salaries in San Francisco (+22 percent), Los Angeles (+11 percent), Miami (+9 percent), and San Diego (+6 percent). Trailing the national average by 4 percent, Denver is the market with the smallest paychecks.

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.

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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 Management
up arrow 2%

Consumer Loans
up arrow 1%

Account Sales
up arrow 1%

Customer Relations
0%

Problem Solving
0%

National Average
$35,000

Customer Service
up arrow 1%

Loan Processing
up arrow 1%

Microsoft Office
up arrow 2%

Inside Sales
up arrow 2%

Microsoft Excel
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 964 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
7%
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%
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