Relationship Manager, Banking Salary

Banking Relationship Managers in the United States pull down an average of $72K annually. Overall compensation packages to Banking Relationship Managers range from $44K on the low end to $125K on the high end; this includes bonuses that peak near $29K and profit sharing that approaches $10K, with some high rollers snagging commissions as high as $21K. Geography is the biggest factor affecting pay for this group, followed by years of experience. More than half of Banking Relationship Managers (65 percent) survey respondents are men. Work is enjoyable for Banking Relationship Managers, who typically claim high levels of job satisfaction. Nearly all report receiving medical and dental coverage from their employers and a strong majority collect vision insurance.

$44,684 - $109,632
(Median)
$45K
$72K
$110K
MEDIAN: $72,242
10%
50%
90%

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$13.52 - $65.63
(Median)
$14
$21
$66
MEDIAN: $20
10%
50%
90%

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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$50K$100K$150K
Salary
$44,684 - $109,632  
   
Bonus
$1,649 - $29,140  
Profit Sharing
$250.00 - $10,000  
Commission
$0.00 - $20,781  
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).
)
$43,562 - $124,840  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 231
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$25$50$75
Hourly Rate
$13.52 - $65.63  
   
Overtime
$23.65 - $39.31  
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$50K$100K$150K
Bonus
$1,649 - $29,140  
   
Commission
$0.00 - $20,781  
Profit Sharing
$250.00 - $10,000  
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).
)
$43,562 - $124,840  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 14
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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 move into Relationship Manager roles. Relationship Managers seem to make a little less than Banking Relationship Managers as their salaries average out to $70K a year.

Relationship Manager, Banking Job Listings

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Popular Skills for Relationship Manager, Banking


Survey takers who work as Banking Relationship Managers usually report a few specific skills. Those familiar with Financial Analysis, Sales and Customer Relationship Management will likely experience a boost in pay, earning between 6 percent to 18 percent above the national average. Most people skilled in Customer Relationship Management are similarly competent in Sales.

Pay by Experience Level for Relationship Manager, Banking

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


The average worker who claims fewer than five years of experience earns around $65K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $87K. Banking Relationship Managers see a median salary of $92K after reaching one to two decades on the job. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $86K.

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Experience Affects Relationship Manager, Banking Salaries



Late-Career
up arrow 7%

National Average
$80,000


Skills That Affect Relationship Manager, Banking Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 48 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
38%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 89%
vision benefits Vision: 78% employee benefits None: 5%
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