Relationship Manager, Banking Salary

Banking Relationship Managers who are practiced in their profession and carry more than 10 years of experience make up a little over a half of Banking Relationship Managers. Pay fluctuates from $45K to $145K per year, but expected earnings average $79K annually. Total cash compensation for Banking Relationship Managers runs from $45K to $145K depending on bonuses that can occasionally exceed $31K and profit sharing that can reach almost $16K. This group's pay is mainly influenced by geography, followed by career length and the particular employer. Job satisfaction is high and work is enjoyable for most Banking Relationship Managers. Women are just slightly outnumbered, with male Banking Relationship Managers making up 58 percent of survey respondents. Nearly all enjoy medical and dental coverage in this occupation, and a strong majority get vision benefits.

$45,851 - $126,650
$46K
$79K
$130K
MEDIAN: $79,115
10%
50%
90%

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$15.69 - $27.56
$16
$21
$28
MEDIAN: $21.19
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
$45,851 - $126,650  
   
Bonus
$2,553 - $31,436  
Profit Sharing
$-0.50 - $16,389  
Commission
$0.00 - $20,702  
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).
)
$45,139 - $145,120  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 122
© PayScale, Inc. @ www.payscale.com
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$25$50$75
Hourly Rate
$15.69 - $27.56  
   
Overtime
$25.00  
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$50K$100K$150K
Bonus
$2,553 - $31,436  
   
Commission
$0.00 - $20,702  
Profit Sharing
$-0.50 - $16,389  
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).
)
$45,139 - $145,120  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 15
© PayScale, Inc. @ www.payscale.com

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United States (change)

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Job Description for Relationship Manager, Banking

A banking relationship manager is an important liaison between customers and their institution. They must establish new client relationships and maintain existing relationships. Daily responsibilities for the banking relationship manager are as diverse as the customers being served. They typically handle customer issues with accounts, investment offerings, and loans; these issues require the manager be knowledgeable of their bank's products and services, as well as those offered by competitors. The banking relationship manager also performs a number of managerial responsibilities. They must accurately portray customer relations to their supervisors, research customer trends, and report these findings to the bank president or general manager.

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Relationship Manager, Banking Tasks

  • Establish relationships with a bank's business clients.
  • Monitor the performance of client accounts and suggest ways to improve returns.
  • Identify potential bank clients and develop proposals detailing how the bank can benefit them.
  • Analyze client's cash, capital, and investment needs.

Common Career Paths for Relationship Manager, Banking


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Many Banking Relationship Managers move into Relationship Manager roles. Relationship Managers seem to make a little less than Banking Relationship Managers as their salaries average out to $69K a year.

Relationship Manager, Banking Job Listings

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Popular Employer Salaries for Relationship Manager, Banking


U.S. Bank attracts talent by shelling out the biggest paychecks in the area — the median in that office is $83K.

Popular Skills for Relationship Manager, Banking


Banking Relationship Managers report a focused set of job skills. Most notably, facility with Financial Analysis and Investment Planning are correlated to pay that is significantly above average, leading to increases of 23 percent and 6 percent, respectively. Skills that pay less than market rate include Sales. It is often found that people who know Customer Relationship Management are also skilled in Financial Analysis.

Pay by Experience Level for Relationship Manager, Banking

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


Survey participants with less than five years' experience pocket $62K on average, but those with five to 10 years of experience enjoy a much bigger median of $84K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $102K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Related Job Salaries

Key Stats for Relationship Manager, Banking

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.
Less than 1 year
4%
1-4 years
20%
5-9 years
25%
10-19 years
35%
20 years or more
17%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Relationship Manager, Banking Salaries

▲23%

▲23%

▲2%

National Average
$83,000

▼26%

Skills That Affect Relationship Manager, Banking Salaries


Investment Planning
▲6%

Customer Relationship Management (CRM)
▼0%

National Average
$83,000

▼3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
4%
1-4 years
20%
5-9 years
25%
10-19 years
35%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 90%
vision benefits
Vision: 77%
dental benefits
None: 5%
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