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Private Banking Relationship Manager Salary

Median pay for Private Banking Relationship Managers in the United States lies in the neighborhood of $67K per year. Job satisfaction for Private Banking Relationship Managers is high. Medical benefits are awarded to a large number, and a fair number earn dental coverage. There are more male Private Banking Relationship Managers than female among those who completed the questionnaire, making up 67 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$43,787 - $101,249
(Median)
$44K
$67K
$100K
MEDIAN: $67,497
10%
50%
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
$43,787 - $101,249  
   
Bonus
$1,003 - $25,912  
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).
)
$44,922 - $118,164  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 59

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United States (change)


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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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Relatively untried employees who have less than five years' experience make $54K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $77K. People with 10 to 20 years of experience make an average of about $81K in this role. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $100K.

United States (change)

Experience Affects Private Banking Relationship Manager Salaries

Late-Career
up arrow 33%

Experienced
up arrow 8%

Mid-Career
up arrow 2%

National Average
$75,000

Entry-Level
up arrow 28%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 15 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

1-4 years
19%
5-9 years
35%
10-19 years
30%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 15%
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