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Private Banking Relationship Manager Salary

Pay for Private Banking Relationship Managers in the United States sits in the ballpark of $67K annually. Most Private Banking Relationship Managers like their work and job satisfaction is high. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Private Banking Relationship Managers who participated in the survey are largely men, dominating at 68 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$43,838 - $101,162
(Median)
$44K
$67K
$100K
MEDIAN: $67,178
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
$43,838 - $101,162  
   
Bonus
$1,007 - $25,760  
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).
)
$44,989 - $117,235  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 60

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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.


For many Private Banking Relationship Managers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Relatively untried employees who have less than five years' experience make $55K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $76K. Private Banking Relationship Managers see a median salary of $81K after reaching one to two decades on the job. Average wages for folks with more than 20 years of experience come out to around $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 27%

Job Satisfaction

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

Gender

Female
32 %
Male
68 %

Years of Experience

1-4 years
19%
5-9 years
36%
10-19 years
30%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 76%
vision benefits Vision: 64% employee benefits None: 15%