Private Banking Relationship Manager Salary

The average Private Banking Relationship Manager in the United States can expect to rake in roughly $79K per year. With some bonuses approaching $40K and certain profit sharing proceeds approaching $12K, overall incomes of Private Banking Relationship Managers spread between $61K and $153K depending on individual performance. Men make up the vast majority of Private Banking Relationship Managers (85 percent) who took the survey. For the most part, Private Banking Relationship Managers enjoy their work and report high levels of job satisfaction. A large number have medical and dental plans, and most have vision insurance. This overview is based on answers to PayScale's salary questionnaire.
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$48,479 - $117,656
$48K
$79K
$120K
MEDIAN: $79,076
10%
50%
90%

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$0$153K
Salary $48,479 - $117,656
Bonus $1,163 - $39,866
Profit Sharing $1,007 - $11,920
Commission $12,500
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).
)
$60,711 - $153,045
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 45

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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.

Private Banking Relationship Manager Job Listings

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
15 %
Male
85 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
1-4 years
15%
5-9 years
26%
10-19 years
43%
20 years or more
15%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Private Banking Relationship Manager Salaries

Late-Career
▲55%

Experienced
▲9%

National Average
$85,000

Mid-Career
▼16%

Entry-Level
▼24%

Job Satisfaction

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

Gender

Female
15 %
Male
85 %

Years of Experience

1-4 years
15%
5-9 years
26%
10-19 years
43%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 87%
vision benefits
Vision: 87%
no benefits
None: 13%
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