Mid-Career Private Banker Salary

Commissions constitute a big slice (one-fourth on average) of overall compensation for Mid-Career Private Bankers, and the median take-home for this group lies near $77K. In the world of Mid-Career Private Bankers, total cash compensation can vary between $49K and $128K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $39K and $14K, respectively. The particular firm and the particular city each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to most. Male Mid-Career Private Bankers are more prevalent than women among those who took the survey — 66 percent of professionals. Job satisfaction is reported as high by the vast majority of workers. This overview is based on answers to PayScale's salary questionnaire.
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$36,735 - $101,202
$37K
$64K
$100K
MEDIAN: $64,182
10%
50%
90%

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$15.00 - $28.33
$15
$18
$28
MEDIAN: $18.05
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$50K$100K$150K
Salary
$36,735 - $101,202  
   
Bonus
$1,439 - $38,866  
Profit Sharing
$989 - $13,500  
Commission
$9,950 - $50,020  
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).
)
$48,801 - $127,947  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 141
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$25$50$75
Hourly Rate
$15.00 - $28.33  
   
Overtime
$27.88  
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$50K$100K$150K
Bonus
$1,439 - $38,866  
   
Commission
$9,950 - $50,020  
Profit Sharing
$989 - $13,500  
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).
)
$48,801 - $127,947  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 19

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Popular Employer Salaries for Private Banker


For Mid-Career Private Bankers, comfortable salaries can be found at Wells Fargo Bank; in fact, average earnings are around $92K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($54K versus $132K) is great.

Although Chase Bank hands out the lowest average salary in town at $61K, employee compensation still varies greatly; workers can make as little as $49K or as much as $89K.

Key Stats for Private Banker

Gender

Female
34 %
Male
66 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.
5-9 years
73%
10-19 years
28%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Private Banker Salaries

Investment Planning
▲26%

▲13%


Banking
▲11%

National Average
$77,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
34 %
Male
66 %

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 88%
vision benefits
Vision: 83%
dental benefits
None: 4%
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