A big portion of take-home pay for Mid-Career Private Bankers — around one in four, in fact — arrives through commissions. This profession's median overall income is approximately $78K. Final cash compensation to Mid-Career Private Bankers varies from around $46K to approximately $132K; choice pay grades include potential for bonuses and profit sharing as high as $39K and $19K, respectively. The company and the particular city each impact pay for this group, with the former having the largest influence. Male Mid-Career Private Bankers who responded to the survey are more common than women; more than half (64 percent) are men. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to most. The majority of individuals in this role claim moderate levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$37,293 - $108,160
(Median)
$37K
$66K
$110K
MEDIAN: $66,317
10%
50%
90%

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$15.26 - $29.31
(Median)
$15
$18
$29
MEDIAN: $18.00
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$50K$100K$150K
Salary
$37,293 - $108,160  
   
Bonus
$976 - $38,931  
Profit Sharing
$989 - $18,500  
Commission
$9,933 - $50,043  
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).
)
$45,699 - $132,210  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 132
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
$15.26 - $29.31  
   
Overtime
$35.00  
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
$976 - $38,931  
   
Commission
$9,933 - $50,043  
Profit Sharing
$989 - $18,500  
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).
)
$45,699 - $132,210  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 19

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Popular Employer Salaries for Private Banker


Heading up the field in terms of compensation, Wells Fargo & Co. offers the most; Mid-Career Private Bankers earn $91K on average there.

Location:
Years in Fields/Career:
United States (change)

Skills That Affect Private Banker Salaries

Investment Planning
up arrow 32%

Sales
up arrow 11%

Customer Relationship Management (CRM)
up arrow 10%

Banking
up arrow 10%

National Average
$78,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
36 %
Male
64 %

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 86%
medical benefits
Vision: 81%
dental benefits
None: 5%
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