Relationship Banker Salary (United States)

Pay for Relationship Bankers in the United States is very modest at just $39,775 annually. The range in pay spans from $28,283 to $68,335 per year. Overall cash earnings of Relationship Bankers stretch from $28,283 near the bottom to $68,335 near the top, and the heftier packages can encompass around $15,126 each from bonuses and profit sharing. Career length is the biggest factor affecting pay for this group, followed by the particular city and the individual firm. A solid majority enjoy medical while a strong majority get dental coverage in this occupation. Vision coverage is also available to about two-thirds. Men are barely outnumbered by their female counterparts, who make up a slight majority at 52 percent. Most Relationship Bankers like their work and job satisfaction is high. Responses to PayScale's salary questionnaire form the basis for this outline.
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:
For Relationship Bankers, career progression typically leads to a rather large increase in compensation. Usually, an upper-level role like a Bank Branch Manager will earn an extra $11,171 annually than those further down the career ladder.

Relationship Banker Job Listings

Search for more jobs:
job title / company
location

Popular Employer Salaries for Relationship Banker

Leading companies who hire large numbers of Relationship Bankers include Capital One Financial Corp, BB&T Corp., J.P. Morgan Chase & Co. (JPMCC), Chase Bank, and M&T Bank Corp. For Relationship Bankers, comfortable salaries can be found at J.P. Morgan Chase & Co. (JPMCC); in fact, typical earnings are around $44,697, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($34K versus $80K) is great. Chase Bank, Wells Fargo Bank, and Capital One Financial Corp also offer top salaries for Relationship Bankers. Workers at these firms can expect to earn about $42,595, $39,137, and $38,214, respectively.
First Niagara Bank offers the lowest pay in the field, with a median salary of just $34,111. M&T Bank Corp, BB&T Corp., and Capital One Financial Corp are a few other employers known for handing out relatively lightweight salaries ($34,706, $36,112, and $38,214 respectively).

Popular Skills for Relationship Banker

Job skills reported by Relationship Bankers are limited. Fortunate workers who know Customer Relationship Management (CRM) can expect a significant pay bump, scoring salaries 49 percent above average. Those proficient in Customer Service are, more often than not, also skilled in Customer Relations.

Pay by Experience Level for Relationship Banker

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relationship Bankers generally obtain higher salaries for more plentiful past experience. Salary growth is weak for Relationship Bankers during their first decade in the field; typical pay starts at $37K and turns to only $40K after five to 10 years. Salary comes to $47K after 10 to 20 years. Relationship Bankers experience solid salary growth after working for two decades, bringing in around $57K. 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 percent, and senior people with more than 20 years under their belt fill out the remaining 6 percent. One to nine years of experience is standard for most employees in this area; most of respondents fit between this range.

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 also offer top salaries for Relationship Bankers. Workers in these cities can expect to earn about 39 percent, 31 percent, 14 percent, and 7 percent more, respectively. The lowest-paying market is Miami, which sits 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 -