Private Banking Relationship Manager Salary

Pay for Private Banking Relationship Managers in the United States sits in the ballpark of $69K per year. A large number report receiving medical coverage from their employers and most collect dental insurance. The majority of Private Banking Relationship Managers claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$44,886 - $104,518
(Median)
$45K
$69K
$100K
MEDIAN: $68,756
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$50K$100K$150K
Salary
$44,886 - $104,518  
   
Bonus
$1,419 - $29,866  
Profit Sharing
$2,000  
Commission
$5,120  
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).
)
$49,816 - $126,538  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 67
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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.


Private Banking Relationship Managers who reported more years of relevant experience also reported higher earnings. The average inexperienced worker earns $62K, and someone who has worked for five to 10 years can expect a bigger median salary of $77K. Private Banking Relationship Managers see a median salary of $88K after reaching one to two decades on the job. Veterans who boast more than two decades of experience make around $110K on average — an ample six-figure paycheck.

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Experience Affects Private Banking Relationship Manager Salaries

Late-Career
up arrow 39%

Experienced
up arrow 12%

National Average
$79,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

1-4 years
25%
5-9 years
28%
10-19 years
33%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 82%
medical benefits
Vision: 75%
dental benefits
None: 11%
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