Relationship Banker Salary (United States)

Those pursuing careers as Relationship Bankers in the United States may have to make do with less; average incomes for people in this area hover around only $39,775 annually. The range in pay spans from $28,283 to $68,335 per year. Overall cash allowance—including $15,126 potential for bonuses and profit sharing each and $18,246 commissions on the more lucrative end—ranges between $29,427 and $74,845. The most influential factor affecting pay for this group is career length, though the particular city and the particular employer have a (lesser) impact as well. Benefits are plentiful in this line of work; most people have both medical and dental plans, and more than half have vision insurance. Men are barely outnumbered by their female counterparts, who make up a slight majority at 52 percent. The majority of Relationship Bankers claim high levels of job satisfaction. This outline is derived from replies to PayScale's salary survey.
Relationship Banker Salary (?
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.
)
$29,427 - $74,845
(Median)
29K
39K
47K
75K
MEDIAN: $38,769
10%
50%
75%
90%
Add this chart to your site: 640px    300px
Relationship Banker Salary (?
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.
)
$11.71 - $20.32
(Median)
12
13
16
18
20
MEDIAN: $15.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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$25K$50K$75K
Salary
$29,427 - $74,845  
   
Bonus
$0.00 - $15,126  
Profit Sharing
$394.53 - $29,361  
Commission
$984 - $18,246  
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).
)
$28,283 - $68,335  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 383
National Hourly Rate 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$12$24$36
Hourly Rate
$11.71 - $20.32  
   
Overtime
$13.16 - $30.72  
National Annualized 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$24K$48K$72K
Bonus
$0.00 - $15,126  
   
Commission
$984 - $18,246  
Profit Sharing
$394.53 - $29,361  
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).
)
$28,283 - $68,335  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 182
Is Relationship Banker your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

Job Description for Relationship Banker

A relationship banker is an employee of a bank or other lending institution that is responsible for dealing with customers on a one-on-one basis. This may mean being assigned specific clients or patrons and subsequently handling all transactions and assistance for them, or it may simply mean that the banker works in the front of the bank, dealing with most personal interactions that require expert help that tellers cannot provide. This is a position that has become more crucial for banks as more financial transactions have shifted to computers and technology. Customers often want to be able to speak with a person about urgent/important matters, and a relationship banker fills that role by listening to complaints or problems and offering effective solutions to resolve the situation to the satisfaction of the customer.
Read More...
Relationship Banker Tasks
  • Process a variety of teller transactions including deposits, withdrawals, payments and transfers.
  • Provide knowledge of products and services to consult with new members to identify products and services that best fit their needs.
  • Authorize, approve, and research transactions; perform overrides, approve check holds, and make check cashing decisions.
  • Qualify potential members for membership by opening checking accounts, savings accounts, IRAs, CDs, and processing loan applications.
  • Identify the needs of members by cross-selling and up-selling products and referring them to a personal banker.

Common Career Paths for Relationship Banker

Add this chart to your site:   640px 640px    300px 300px   Copy and paste this HTML:
As Relationship Bankers make advancements in their career path, salaries often climb aggressively. Typically, those in less important roles will make $11,171 less annually than those in higher-end positions, such as Bank Branch Manager.

Relationship Banker Job Listings

Search for more jobs:
job title / company
location

Popular Employer Salaries for Relationship Banker

Capital One Financial Corp, BB&T Corp., J.P. Morgan Chase & Co. (JPMCC), Chase Bank, and M&T Bank Corp are leaders in the field that employ a large number of Relationship Bankers. The biggest paychecks can be found at J.P. Morgan Chase & Co. (JPMCC)—the median salary there is $44,697; however, employees are subject to a wide range in pay, with salaries starting at only $34K and climbing to $80K. Other leaders in compensation levels are Chase Bank at $42,595, Wells Fargo Bank at $39,137, and Capital One Financial Corp, where Relationship Bankers annually earn $38,214.
The consistently lowest paying firm on the list is First Niagara Bank, where the median salary is just $34,111. Others at the bottom of the scale for this job include M&T Bank Corp at $34,706, BB&T Corp. at $36,112, and Capital One Financial Corp, where $38,214 is the norm.

Popular Skills for Relationship Banker

Relationship Bankers only report a few specific skills. Fortunate workers who know Customer Relationship Management (CRM) can expect a significant pay bump, scoring salaries 49 percent above average. Those educated in Customer Service tend to be well-versed in Customer Relations.

Pay by Experience Level for Relationship Banker

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Relationship Bankers, experience seems to be a major factor in determining pay. Salary growth can be slow for Relationship Bankers who are just starting out. During their first decade on the job, pay typically only increases from $37K to $40K. After 10 to 20 years, compensation comes in at $47K. Wages do not stop growing after 20 years on the job, and Relationship Bankers tend to earn $57K at this point in time. Experienced employees who have 10-20 years of experience make up 16 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 6 percent. Most of respondents report having between one and nine years of experience in this field.

Pay Difference By Location

Los Angeles
up arrow 45%
up arrow 39%
Seattle
up arrow 31%
Dallas
up arrow 14%
Washington
up arrow 7%
Houston
up arrow 6%
Baltimore
0%
National Average
$40,000
Miami
up arrow 6%
Virginia Beach
up arrow 6%
Larger circles over a city indicate a job is popular in that location.
For Relationship Bankers, busy Los Angeles offers a higher-than-average pay rate, 45 percent above the national average. New York, Seattle, Dallas, and Washington are a few other cities that offer generous salaries, with Relationship Bankers earning around 39 percent, 31 percent, 14 percent, and 7 percent more than average. Miami ranks last in the field for pay, reporting salaries 6 percent below the national average.

Related Job Salaries

Experience Affects Relationship Banker Salaries

Late-Career
up arrow 44%
National Average
$40,000

Skills That Affect Relationship Banker Salaries

Customer Relationship Management (CRM)
up arrow 49%
Customer Relations
up arrow 2%
Sales
up arrow 1%
National Average
$40,000
Customer Service
up arrow 1%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 116 votes.

Gender

Female
52%
female alumni
 
Male
48%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
43%
5-9 years
31%
10-19 years
16%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 83%
vision benefits Vision: 70% employee benefits None: 10%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -