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Relationship Manager, Banking Salary

Banking Relationship Managers in the United States can expect wages of $71K per year on average. The range in cash compensation to Banking Relationship Managers (largely between $41K and $125K) includes potential earnings of $29K from bonuses, $10K from profit sharing, and commissions of $30K in exceptional cases. Residence and years of experience each impact pay for this group, with the former having the largest influence. Men account for the majority of Banking Relationship Managers who responded to the questionnaire — 67 percent to be exact. Work is enjoyable for Banking Relationship Managers, who typically claim high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$42,202 - $109,248
(Median)
$42K
$71K
$110K
MEDIAN: $70,883
10%
50%
90%

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$12.71 - $51.06
(Median)
$13
$21
$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
$42,202 - $109,248  
   
Bonus
$1,611 - $28,581  
Profit Sharing
$257.60 - $9,696  
Commission
$0.00 - $30,410  
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).
)
$40,519 - $124,564  
Country: United States | Currency: USD | Updated: 31 Mar 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
$12.71 - $51.06  
   
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
$1,611 - $28,581  
   
Commission
$0.00 - $30,410  
Profit Sharing
$257.60 - $9,696  
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).
)
$40,519 - $124,564  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 16

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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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Although many Banking Relationship Managers transition into Relationship Manager roles, the latter job seems to pay slightly less with an average reported annual income of $70K.

Relationship Manager, Banking Job Listings

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Popular Skills for Relationship Manager, Banking


Professional skills reported by Banking Relationship Managers are few in number. 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, 19 percent, and 9 percent, respectively. It is often found that people who know Customer Relationship Management are also skilled in Sales.

Pay by Experience Level for Relationship Manager, Banking

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


Those in the early stages of their career can expect to make around $65K; however, individuals with five to 10 years of experience bring in $86K on average — a distinctly larger sum. Banking Relationship Managers bring in $92K after working for 10 to 20 years. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $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 60 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
38%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 79% employee benefits None: 4%