The average pay for a Private Banker is $68,062 per year. A skill in Financial Advisor is associated with high pay for this job.
Private Banker Total Pay (?
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.
)
$42,218 - $108,385
(Median)
42K
52K
68K
86K
110K
MEDIAN: $68,062
10%
25%
50%
75%
90%
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Private Banker Total Pay (?
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.
)
$10.40 - $27.82
(Median)
10
17
20
23
28
MEDIAN: $19.00
10%
25%
50%
75%
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$50K$100K$150K
Salary
$42,218 - $108,385  
   
Bonus
$1,555 - $39,482  
Profit Sharing
$789 - $9,978  
Commission
$2,000 - $30,521  
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).
)
$47,890 - $135,385  
PayScale
Country: United States | Currency: USD | Updated: 24 Apr 2014 | Individuals Reporting: 310
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$25$50$75
Hourly Rate
$10.40 - $27.82  
   
Overtime
$21.78 - $43.66  
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$50K$100K$150K
Bonus
$1,555 - $39,482  
   
Commission
$2,000 - $30,521  
Profit Sharing
$789 - $9,978  
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).
)
$47,890 - $135,385  
PayScale
Country: United States | Currency: USD | Updated: 24 Apr 2014 | Individuals Reporting: 310
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Private Banker Job Listings

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Popular Employer Salaries for Private Banker
Job Description for Private Banker
A private banker's primary responsibility is to manage the financial accounts of high-income clients. They often fulfill a variety of tasks, but a private banker’s primary responsibilities include increasing and protecting a client’s wealth through investments, as well as processing transactions such as purchasing a home and estate planning. Private bankers work alongside other financial experts such as market analysts, fund managers, and estate lawyers; however, as they function as the client’s primary point of contact, they are often also called relationship managers. Most private bankers work in private banks that cater to wealthy clients, but some are also employed by regular banks that also provide special services to high-income individuals. Even though they work in a professional, office setting during regular business hours, a a private banker must be available to respond to the needs of clients at any time of the day or night. Besides being available 24/7 to receive requests from current clients and pursuing new clients, a private banker’s typical day consists in working with his or her team of financial and legal experts to develop and implement strategies to grow and preserve the assets of their clientele.
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Private Banker Tasks
  • Recommend solutions to credit problems, approve loan requests, and assist senior lenders.
  • Monitor loan portfolio and resolve loan delinquencies, overdrafts, and loan and deposit maturities.
  • Manage full banking relationships with clients and monitor changing client needs.
Popular Skills for Private Banker
Pay by Experience Level for Private Banker
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
New York
up arrow 43%
Chicago
up arrow 9%
Miami
up arrow 6%
National Average
$80,000
San Francisco
up arrow 7%
Atlanta
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Private Banker Salaries

Late-Career
up arrow 33%
Experienced
up arrow 21%
Mid-Career
0%
National Average
$80,000
Entry-Level
up arrow 20%

Skills That Affect Private Banker Salaries

Financial Advisor
up arrow 18%
Customer Relationship Management (CRM)
up arrow 4%
National Average
$80,000
Sales
up arrow 2%
Consumer Loans
up arrow 10%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 79 votes.
Gender
Female
44%
female alumni
 
Male
56%
male alumni
Years of Experience
Less than 1 year
3%
1-4 years
22%
5-9 years
35%
10-19 years
28%
20 years or more
13%
Common Health Benefits
medical benefits Medical: 90% dental benefits Dental: 83%
vision benefits Vision: 68% employee benefits None: 8%
Find Out Exactly What You Should Be Paid
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