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Private Banking Relationship Manager Salary

For Private Banking Relationship Managers, yearly average wages total $68K annually. Work is enjoyable for Private Banking Relationship Managers, who typically claim high levels of job satisfaction. There are more male Private Banking Relationship Managers than female among those who completed the questionnaire, making up 63 percent. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The data in this summary comes from the PayScale salary survey.
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$43,683 - $101,367
(Median)
44K
68K
89K
100K
MEDIAN: $67,946
10%
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
$43,683 - $101,367  
   
Bonus
$1,003 - $24,917  
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).
)
$44,790 - $112,749  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 57
United States (change)

Job Description for Private Banking Relationship Manager

Private banking relationship managers are in charge of managing clients on behalf of their organization, creating and maintaining strong relationships that increase client satisfaction and the sale of products and services. Private banking relationship managers give financial advice by educating customers on financial strategies such as investing and financial planning. These managers also work directly with clients to solve problems, listen to feedback, and respond in a timely manner to any banking concerns.

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Private Banking Relationship Manager Tasks

  • Identify potential bank clients and develop proposals detailing how the bank can benefit them.
  • Analyze client’s cash, capital, and investment needs.
  • Establish relationships with a bank’s business clients.
  • Monitor the performance of client accounts and suggest ways to improve returns.

Relationship Manager, Banking Job Listings

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Pay by Experience Level for Private Banking Relationship Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Private Banking Relationship Managers with a rich background of experience are typically rewarded with larger paychecks. Salaries for the relatively untried average out to around $55K, but survey participants with five to 10 years of experience earn a significantly higher median of $77K. After working for 10 to 20 years, Private Banking Relationship Managers make a median salary of $84K. People who have worked for more than 20 years report a median income of $90K, which is barely higher than the median for folks with 10 to 20 years of experience.

Experience Affects Private Banking Relationship Manager Salaries

Late-Career
up arrow 19%

Experienced
up arrow 11%

Mid-Career
up arrow 1%

National Average
$76,000

Entry-Level
up arrow 28%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

1-4 years
16%
5-9 years
39%
10-19 years
28%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 75%
vision benefits Vision: 64% employee benefits None: 15%