Private Banking Relationship Manager Salary

Private Banking Relationship Managers in the United States pull down an average of $69K per year. Men account for the majority of Private Banking Relationship Managers who responded to the questionnaire — 66 percent to be exact. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. This snapshot results from replies to PayScale's salary survey.
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$43,426 - $101,535

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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$50K$100K$150K
Salary
$43,426 - $101,535  
   
Bonus
$1,391 - $25,532  
Commission
$4,839 - $12,208  
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).
)
$44,994 - $121,803  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 63
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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.


For many Private Banking Relationship Managers, more experience generally translates to higher pay. Survey participants with less than five years' experience pocket $57K on average, but those with five to 10 years of experience enjoy a much bigger median of $78K. The average pay reported by folks with 10 to 20 years of experience is around $87K. Private Banking Relationship Managers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $100K.

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Experience Affects Private Banking Relationship Manager Salaries

Late-Career
up arrow 29%

Experienced
up arrow 12%

Mid-Career
0%

National Average
$78,000

Entry-Level
up arrow 27%

Job Satisfaction

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

Gender

Female
34 %
Male
66 %

Years of Experience

1-4 years
27%
5-9 years
29%
10-19 years
29%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 79%
vision benefits Vision: 70% employee benefits None: 12%
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