Personal Banker Salary

Compared to the national salary average for Personal Bankers, those in the same line of work who choose to work for Citibank enjoy much larger paychecks — $43K on average versus $35K annually. J.P. Morgan Chase & Co. (JPMCC), KeyBank, and Bank of America Corp. (BOFA) also offer top salaries for Personal Bankers. Workers at these firms can expect to earn about $41K, $41K, and $40K, respectively. The data in this summary comes from the PayScale salary survey.

$28,916 - $44,847
(Median)
$29K
$35K
$45K
MEDIAN: $35,226
10%
50%
90%

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$11.99 - $19.35
(Median)
$12
$15
$19
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
$28,916 - $44,847  
   
Bonus
$0.00 - $8,114  
Profit Sharing
$397.16 - $3,300  
Commission
$712 - $10,118  
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).
)
$26,718 - $46,181  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,860
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
$11.99 - $19.35  
   
Hourly Tips
$0.00  
Overtime
$16.39 - $30.06  
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
$0.00 - $8,114  
   
Commission
$712 - $10,118  
Profit Sharing
$397.16 - $3,300  
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).
)
$26,718 - $46,181  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,740
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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. Personal Bankers most often move into positions as Banking Branch Managers or Assistant Branch Managers of Banking; those groups report median salaries that are $16K higher and $3K higher, respectively.

Personal Banker Job Listings

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Popular Employer Salaries for Personal Banker

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, Customer Relationship Management, Mortgage Loans, and Sales are correlated to pay that is above average. 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 Personal Bankers, experience does not seem to be a major factor in determining pay. Salaries for the relatively untried average out to around $35K, but survey participants with five to 10 years of experience earn a significantly higher median of $37K. The average pay reported by folks with 10 to 20 years of experience is around $39K. Personal Bankers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $40K.

Pay Difference by Location

National Average: $35,507

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

San Francisco is home to an above-average pay rate for Personal Bankers, 23 percent higher than the national average. Personal Bankers can also look forward to large paychecks in cities like New York (+20 percent), Los Angeles (+14 percent), Miami (+9 percent), and San Diego (+8 percent). Those in the field find the lowest salaries in Denver, 4 percent below the national average.

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.

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Experience Affects Personal Banker Salaries




National Average
$36,000


Skills That Affect Personal Banker Salaries



Mortgage Loans
up arrow 3%

Sales
up arrow 2%

Banking
up arrow 1%

Consumer Loans
up arrow 1%

Account Sales
up arrow 1%

Account Management
up arrow 1%

Customer Relations
0%

Problem Solving
0%

National Average
$36,000

Customer Service
up arrow 1%

Loan Processing
up arrow 1%

Inside Sales
up arrow 2%

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 798 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
7%
1-4 years
52%
5-9 years
25%
10-19 years
12%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 78%
medical benefits
Vision: 65%
dental benefits
None: 13%
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