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Relationship Manager, Banking Salary

Banking Relationship Managers in the United States pull down an average of $71K annually. In the world of Banking Relationship Managers, overall cash allowance can occasionally include more than $29K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $41K and $124K. Geography is the biggest factor affecting pay for this group, followed by tenure. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Male Banking Relationship Managers are more prevalent than women among those who took the survey — 67 percent of professionals. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$42,782 - $108,670
(Median)
$43K
$71K
$110K
MEDIAN: $71,327
10%
50%
90%

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$12.81 - $50.34
(Median)
$13
$19
$50
MEDIAN: $18.00
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
$42,782 - $108,670  
   
Bonus
$1,649 - $28,886  
Profit Sharing
$253.42 - $9,863  
Commission
$0.00 - $20,511  
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).
)
$40,781 - $123,904  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 248
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
$12.81 - $50.34  
   
Overtime
$22.79 - $38.44  
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 - $28,886  
   
Commission
$0.00 - $20,511  
Profit Sharing
$253.42 - $9,863  
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).
)
$40,781 - $123,904  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 18

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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.

Relationship Manager, Banking Job Listings

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Popular Skills for Relationship Manager, Banking


Banking Relationship Managers note just a narrow range of job skills. Most notably, facility with Financial Analysis, Sales, and Customer Relationship Management (CRM) are correlated to pay that is significantly above average, leading to increases of 21 percent, 16 percent, and 8 percent, respectively. For most people, competency in Customer Relationship Management indicates knowledge of Sales.

Pay by Experience Level for Relationship Manager, Banking

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


Relatively untried employees who have less than five years' experience make $65K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $85K. Banking Relationship Managers see a median salary of $91K after reaching one to two decades on the job. For some reason, Banking Relationship Managers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $83K.

Related Job Salaries

United States (change)

Experience Affects Relationship Manager, Banking Salaries



Late-Career
up arrow 5%

National Average
$79,000


Skills That Affect Relationship Manager, Banking Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 58 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
38%
10-19 years
23%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 88%
vision benefits Vision: 78% employee benefits None: 5%
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