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Personal Banker Salary

It's impossible to make it big as a Personal Bankers in the United States; the average employee scrapes together only around $34K per year. Including potential for bonuses and profit sharing — peaking near $8K and $3K, respectively — total cash payment to Personal Bankers can bottom out near $26K or peak near $46K depending on individual performance. The particular firm is the main element affecting pay for this group — the particular city and tenure are driving factors as well. Job satisfaction is high and work is enjoyable for most Personal Bankers. Women make up a slight majority of Personal Bankers (54 percent) survey respondents. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
$28,139 - $43,787
(Median)
28K
39K
44K
MEDIAN: $34,308
10%
75%
90%

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$11.20 - $18.64
(Median)
11
13
15
17
19
MEDIAN: $14.00
10%
25%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$28,139 - $43,787  
   
Bonus
$0.00 - $7,921  
Profit Sharing
$351.17 - $2,964  
Commission
$970 - $12,776  
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).
)
$25,821 - $46,282  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 3,348
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
$11.20 - $18.64  
   
Overtime
$15.43 - $28.87  
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 - $7,921  
   
Commission
$970 - $12,776  
Profit Sharing
$351.17 - $2,964  
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).
)
$25,821 - $46,282  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 2,728
United States (change)

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.

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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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While not commonly seen, Personal Bankers who transition into a Private Banker position may see a rise in pay. The median salary for Private Bankers is $78K per year. Career advancement for the typical Personal Banker often leads to becoming a Banking Branch Manager or an Assistant Branch Manager of Banking; median salaries in these positions are $16K higher and $4K higher, respectively.

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), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, and U.S. Bank. For Personal Bankers, comfortable salaries can be found at Citibank; in fact, average earnings are around $42K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($32K versus $56K) is great. J.P. Morgan Chase & Co. (JPMCC), Chase Bank, and Fifth Third Bancorp are a few other companies that offer generous salaries, with Personal Bankers earning around $40K, $39K, or $38K at each firm, respectively.

The consistently lowest paying firm on the list is Woodforest National Bank, where the median salary is just $24K — 74 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


Personal Bankers report using a large range of skills on the job. Most notably, skills in Spanish Language, Mortgage Loans, Sales, and Customer Relationship Management are correlated to pay that is above average, with boosts between 3 percent and 6 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Office. 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.


Experience and pay tend to be weakly linked for Personal Bankers — those with more experience do not necessarily bring in higher earnings. 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. After working for 10 to 20 years, Personal Bankers make a median salary of $38K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $39K.

Pay Difference by Location


For Personal Bankers, busy New York offers a higher-than-average pay rate, 27 percent above the national average. Personal Bankers will also find cushy salaries in San Francisco (+21 percent), Los Angeles (+12 percent), Miami (+9 percent), and San Diego (+7 percent). Denver is home to the smallest salaries in the field, lagging the national average by 4 percent.

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

Experience Affects Personal Banker Salaries




National Average
$35,000


Skills That Affect Personal Banker Salaries



Sales
up arrow 3%

Customer Relationship Management (CRM)
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%

Inside Sales
up arrow 1%

Microsoft Excel
up arrow 2%

Loan Processing
up arrow 2%

Microsoft Office
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 1112 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
8%
1-4 years
54%
5-9 years
25%
10-19 years
10%
20 years or more
3%

Common Health Benefits

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