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Relationship Manager, Banking Salary

Banking Relationship Managers in the United States take home an average $71K annually. Including potential for bonuses, profit sharing and commission — peaking near $29K, $10K, and $21K, respectively — total cash payment to Banking Relationship Managers can bottom out near $41K or top out at around $124K. Geography is the biggest factor affecting pay for this group, followed by experience level. Men account for the majority of Banking Relationship Managers who responded to the questionnaire — 68 percent to be exact. Nearly all report receiving medical coverage from their employers and most collect dental insurance. For the most part, Banking Relationship Managers enjoy their work and report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$42,782 - $108,704
(Median)
$43K
$71K
$110K
MEDIAN: $71,327
10%
50%
90%

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$12.77 - $50.68
(Median)
$13
$20
$51
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
$42,782 - $108,704  
   
Bonus
$1,670 - $28,858  
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).
)
$41,439 - $124,301  
Country: United States | Currency: USD | Updated: 16 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
$12.77 - $50.68  
   
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
$1,670 - $28,858  
   
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).
)
$41,439 - $124,301  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 17

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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 $71K per year.

Relationship Manager, Banking Job Listings

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Popular Skills for Relationship Manager, Banking


Survey takers who work as Banking Relationship Managers typically report just a few professional 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 20 percent, 16 percent, and 8 percent, respectively. 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.


Respondents with less than five years' experience take home $64K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $86K. After working for 10 to 20 years, Banking Relationship Managers make a median salary of $92K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Banking Relationship Managers report making only $83K on average.

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
32 %
Male
68 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
38%
10-19 years
24%
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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