Mid-Career Private Banker Salary

A large fraction of take-home pay for Mid-Career Private Bankers comes from commissions — about one in four on average, in fact. The median overall income in this field is approximately $84K. In the world of Mid-Career Private Bankers, total cash compensation can vary between $50K and $132K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $40K and $15K, respectively. The specific employer is the biggest factor affecting pay for this group, followed by geography. Nearly all report receiving medical and dental coverage from their employers and most collect vision insurance. Though the majority of Mid-Career Private Bankers do not report high levels of job satisfaction, most are moderately content with their role. Most Mid-Career Private Bankers survey respondents are men (73 percent). This report is based on answers to PayScale's salary questionnaire.
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$37,443 - $106,957
$37K
$69K
$110K
MEDIAN: $68,524
10%
50%
90%

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$15.01 - $30.59
$15
$18
$31
MEDIAN: $17.80
10%
50%
90%

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$0$132K
Salary $37,443 - $106,957
Bonus $1,532 - $39,680
Profit Sharing $745 - $14,681
Commission $10,067 - $50,607
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).
)
$50,482 - $132,014
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 150
Hourly Data $0$60
Hourly Rate $15.01 - $30.59
Overtime $27.88
Annual Data $0$132K
Bonus $1,532 - $39,680
Commission $10,067 - $50,607
Profit Sharing $745 - $14,681
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).
)
$50,482 - $132,014
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 20

Find Out Exactly What You Should Be Paid

United States (change)

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Private Banker Job Listings

Popular Employer Salaries for Private Banker


Although Wells Fargo Bank leads the field in pay with a median salary of $92K, employees there receive a wide spread of salaries, from $54K on the low end all the way up to $132K at the top.

Chase Bank offers the lowest pay in the field with a median salary of just $61K, but on the other end, some employees may earn up to $89K.

Key Stats for Private Banker

Gender

Female
27 %
Male
73 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 31 votes.
5-9 years
72%
10-19 years
28%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Private Banker Salaries

Investment Planning
▲16%

▲5%


Banking
▲3%

National Average
$84,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 31 votes.

Gender

Female
27 %
Male
73 %

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 90%
vision benefits
Vision: 86%
no benefits
None: 5%
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