Private Banking Relationship Manager Salary

Average Private Banking Relationship Managers in the United States make around $74K per year. The majority of Private Banking Relationship Managers claim high levels of job satisfaction. A large number report receiving medical and dental coverage from their employers and most collect vision insurance. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$44,900 - $119,604
$45K
$74K
$120K
MEDIAN: $73,910
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$60K$120K$180K
Salary
$44,900 - $119,604  
   
Bonus
$1,200 - $30,000  
Profit Sharing
$2,048  
Commission
$10,000  
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).
)
$59,835 - $152,583  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 48

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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

Pay by Experience for a Private Banking Relationship Manager has a positive trend. An entry-level Private Banking Relationship Manager with less than 5 years of experience can expect to earn an average total compensation of $64,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Private Banking Relationship Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $71,000 based on 18 salaries. An experienced Private Banking Relationship Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 22 salaries. A Private Banking Relationship Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $132,000 based on 6 salaries.

Key Stats for Private Banking Relationship Manager

Gender

Female
21 %
Male
79 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
1-4 years
22%
5-9 years
22%
10-19 years
43%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Private Banking Relationship Manager Salaries

Late-Career
▲51%

Experienced
▲6%

National Average
$87,000

Mid-Career
▼19%

Entry-Level
▼27%

Job Satisfaction

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

Gender

Female
21 %
Male
79 %

Years of Experience

1-4 years
22%
5-9 years
22%
10-19 years
43%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 86%
vision benefits
Vision: 83%
no benefits
None: 14%