Private Banking Relationship Manager Salary

Private Banking Relationship Managers in the United States can expect wages of $68K annually on average. Work is enjoyable for Private Banking Relationship Managers, who typically claim high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. The majority of Private Banking Relationship Managers (65 percent) survey respondents are male. This snapshot results from replies to PayScale's salary survey.
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$43,478 - $101,695
(Median)
$43K
$68K
$100K
MEDIAN: $68,211
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
$43,478 - $101,695  
   
Bonus
$1,014 - $25,532  
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).
)
$45,053 - $121,462  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 64
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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.

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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 seems to be a major factor in determining the incomes of Private Banking Relationship Managers. Relatively untried employees who have less than five years' experience make $56K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $78K. On average, Private Banking Relationship Managers make $84K following one to two decades on the job. Professionals with deep experience (more than 20 years) report prosperous salaries in six-figure territory; the median for this crowd is approximately $100K.

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Experience Affects Private Banking Relationship Manager Salaries

Late-Career
up arrow 31%

Experienced
up arrow 9%

Mid-Career
up arrow 2%

National Average
$77,000

Entry-Level
up arrow 27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

1-4 years
25%
5-9 years
30%
10-19 years
30%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 78%
vision benefits Vision: 67% employee benefits None: 14%
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