Relationship Banker Salary

It's impossible to make it big as a Relationship Bankers in the United States; the average employee scrapes together only around $37K annually. Final cash compensation to Relationship Bankers varies from around $29K to approximately $53K; choice pay grades include potential for bonuses and profit sharing as high as $12K and $10K, respectively. The particular firm is the main element affecting pay for this group — geography and experience level are driving factors as well. Most people on this career path report moderate levels of job satisfaction. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 57 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Read More
$30,486 - $50,405
$30K
$37K
$50K
MEDIAN: $36,807
10%
50%
90%

Add this chart to your site: 640px    300px

$13.17 - $19.80
$13
$16
$20
MEDIAN: $15.83
10%
50%
90%

Add this chart to your site: 640px    300px

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$18K$36K$54K
Salary
$30,486 - $50,405  
   
Bonus
$517 - $11,934  
Profit Sharing
$0.00 - $10,304  
Commission
$1,034 - $15,537  
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).
)
$29,490 - $52,984  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 529
National Hourly Rate 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$11$22$33
Hourly Rate
$13.17 - $19.80  
   
Overtime
$18.83 - $30.32  
National Annualized 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$22K$44K$66K
Bonus
$517 - $11,934  
   
Commission
$1,034 - $15,537  
Profit Sharing
$0.00 - $10,304  
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).
)
$29,490 - $52,984  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 452

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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

  • 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.
  • Authorize, approve, and research transactions; perform overrides, approve check holds, and make check cashing decisions.
  • 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.

Common Career Paths for Relationship Banker


Add this chart to your site:   640px 640px    300px 300px


Relationship Bankers may progress into high-paying roles like Relationship Manager, where median compensation is $69K annually. It is not uncommon for a Relationship Banker to continue on to become a Banking Branch Manager or an Assistant Branch Manager of Banking.

Relationship Banker Job Listings

Search for more jobs:

Popular Employer Salaries for Relationship Banker


Many Relationship Bankers can be found at Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, Capital One Financial Corp, and BB&T Corp., firms that are at the top of the field. Relationship Bankers flock to Union Bank for generous paychecks, where average earnings of $49K lead the pack in compensation. J.P. Morgan Chase & Co. (JPMCC), Chase Bank, and Capital One Financial Corp also offer top salaries for Relationship Bankers. Workers at these firms can expect to earn about $46K, $45K, and $42K, respectively.

A few other companies with smaller-than-average paychecks include M & T Bank, M&T Bank Corp, and Bank of America Corp. (BOFA). They all pay $34K.

Popular Skills for Relationship Banker


Relationship Bankers report using a pretty varied skill set on the job. Most notably, skills in Operations Management, Customer Relationship Management, Team Leadership, and Sales are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Customer Service and Banking. The majority of those who know Customer Service also know Customer Relations.

Pay by Experience Level for Relationship Banker

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have less than five years' experience make $36K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $42K. Relationship Bankers see a median salary of $42K after reaching one to two decades on the job. As Relationship Bankers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $49K.

Pay Difference by Location

National Average: $38,306

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Relationship Bankers, New York offers exceptional salaries, 28 percent above the national average. Relationship Bankers can also look forward to large paychecks in cities like San Francisco (+27 percent), Los Angeles (+19 percent), Portland (+13 percent), and Houston (+12 percent). Those in the field find the lowest salaries in Rochester, 12 percent below the national average. Employers pay around 9 percent less in Las Vegas and 8 percent less in Virginia Beach, below-median salaries for those in this field.

Relationship Banker Reviews

Q: What is it like working as a Relationship Banker?

Relationship Banker in Rhinelander:
"Entry-Level High Pressure Sales."
Pros: Nothing about my employer. Most of my customers are pleasant to deal with. I like helping them but do not want to sell them something that does not fit their needs.
Cons: I am underemployed with no room for advancement. My position is glamorized retail sales, requiring almost verbatim scripts; this is not a professional bank environment. Goals do not use demographic analysis to attain realistic quotas. In spite of building repeat relationships with clients and earning awards for top sales, my direct supervisor only focuses on the negative and micromanages (this applies to all employees). Teamwork and communication are rare and discouraged. The job duties themselves are not at all stressful but the constant negativity in our work environment is, resulting in high turnover and short-staffing.

Related Job Salaries

Key Stats for Relationship Banker

Gender

Female
58 %
Male
43 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 119 votes.
Less than 1 year
6%
1-4 years
49%
5-9 years
24%
10-19 years
16%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Relationship Banker Salaries

▲28%

▲11%

▲9%

National Average
$38,000

▼6%

Skills That Affect Relationship Banker Salaries

Operations Management
▲8%


Team Leadership
▲2%

Sales
▼0%

National Average
$38,000


Bilingual
▼1%

▼3%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 119 votes.

Gender

Female
58 %
Male
43 %

Years of Experience

Less than 1 year
6%
1-4 years
49%
5-9 years
24%
10-19 years
16%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 73%
dental benefits
None: 9%
ADVERTISEMENT