Private Banking Relationship Manager Salary

The average Private Banking Relationship Manager in the United States earns approximately $69K annually. More than half of Private Banking Relationship Managers (66 percent) survey respondents are men. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a fair number. For the most part, Private Banking Relationship Managers enjoy their work and report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$43,478 - $101,433
(Median)
$43K
$69K
$100K
MEDIAN: $68,710
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 - $101,433  
   
Bonus
$1,017 - $25,434  
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).
)
$45,053 - $121,462  
Country: United States | Currency: USD | Updated: 2 Jul 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 is an important factor influencing the compensation of Private Banking Relationship Managers. Workers in their first five years can expect to earn $57K, but people who have been around for five to 10 years earn a noticeably bigger sum of $78K. The average pay reported by folks with 10 to 20 years of experience is around $86K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $100K.

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Experience Affects Private Banking Relationship Manager Salaries

Late-Career
up arrow 29%

Experienced
up arrow 11%

Mid-Career
up arrow 1%

National Average
$77,000

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
28%
10-19 years
30%
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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