Relationship Manager, Banking Salary

Banking Relationship Managers in the United States tend to be well-versed in their field, and more than half have more than 10 years of experience. Average salary is expected to be around $81K annually, but may range from $45K to $148K per year. With some bonuses approaching $34K and certain profit sharing proceeds approaching $16K, overall incomes of Banking Relationship Managers spread between $45K and $148K depending on individual performance. Earnings for this group are mostly affected by geography, followed by tenure and the individual firm. Women are just slightly outnumbered, with male Banking Relationship Managers making up 58 percent of survey respondents. Job satisfaction is reported as high by the vast majority of workers. Medical and dental coverage is claimed by nearly all, and a strong majority earn vision coverage.

$45,321 - $129,456
$45K
$81K
$130K
MEDIAN: $80,554
10%
50%
90%

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$15.79 - $27.56
$16
$22
$28
MEDIAN: $21.62
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
$45,321 - $129,456  
   
Bonus
$2,915 - $34,052  
Profit Sharing
$-0.50 - $16,149  
Commission
$0.00 - $20,664  
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).
)
$45,387 - $148,438  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 127
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
$15.79 - $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
$2,915 - $34,052  
   
Commission
$0.00 - $20,664  
Profit Sharing
$-0.50 - $16,149  
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).
)
$45,387 - $148,438  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 15

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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

  • 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.

Common Career Paths for Relationship Manager, Banking


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Many Banking Relationship Managers transition into upper-level roles like Relationship Manager. However, Relationship Managers do report a slightly lower median income of $69K per year.

Relationship Manager, Banking Job Listings

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Popular Employer Salaries for Relationship Manager, Banking


For Banking Relationship Managers, comfortable salaries can be found at U.S. Bank; in fact, median earnings sit around $83K, the highest in the area.

Popular Skills for Relationship Manager, Banking


Professional skills reported by Banking Relationship Managers are few in number. 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. Those educated in Customer Relationship Management tend to be well versed in Financial Analysis.

Pay by Experience Level for Relationship Manager, Banking

Pay by Experience for a Relationship Manager, Banking has a positive trend. An entry-level Relationship Manager, Banking with less than 5 years of experience can expect to earn an average total compensation of $62,000 based on 44 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Relationship Manager, Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $84,000 based on 48 salaries. An experienced Relationship Manager, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $102,000 based on 55 salaries. A Relationship Manager, Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $102,000 based on 23 salaries.

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
19%
5-9 years
24%
10-19 years
35%
20 years or more
18%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Relationship Manager, Banking Salaries

▲23%

▲23%

▲1%

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
19%
5-9 years
24%
10-19 years
35%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 88%
vision benefits
Vision: 75%
no benefits
None: 6%
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