Personal Banker Salary

Citibank lures Personal Bankers with larger-than-average paychecks: Personal Bankers at this company make a median salary of $43K, much more than the $35K per year-national average for those in this area of work. Other leaders in compensation levels are J.P. Morgan Chase & Co. (JPMCC) at $41K, KeyBank at $41K, and Bank of America Corp. (BOFA), where Personal Bankers annually earn $40K. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$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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For Personal Bankers, progressing to a Private Banker role may result in a significant raise. On average, a Private Banker can earn $80K annually. 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


Personal Bankers report using a deep pool of skills on the job. Most notably, skills in Spanish Language, Customer Relationship Management, Mortgage Loans, and Sales are correlated to pay that is above average. Those proficient in Banking are, more often than not, also skilled in 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. Workers in their first five years can expect to earn $35K, but people who have been around for five to 10 years earn a noticeably bigger sum of $37K. Personal Bankers claiming one to two decades of experience make an estimated median of $39K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $40K on average.

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 will also find cushy salaries in New York (+20 percent), Los Angeles (+14 percent), Miami (+9 percent), and San Diego (+8 percent). Falling short of the national average by 4 percent, the area with the worst salaries is Denver.

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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