Relationship Manager, Banking Salary

Median pay for Banking Relationship Managers in the United States lies in the neighborhood of $72K annually. Overall cash earnings for Banking Relationship Managers stretch from $43K on the lower end to $126K near the top, and the heftiest packages can encompass around $29K from bonuses and $10K from profit sharing. Location is the biggest factor affecting pay for this group, followed by tenure. Banking Relationship Managers who participated in the survey are largely men, dominating at 66 percent. Most Banking Relationship Managers like their work and job satisfaction is high. Nearly all claim medical and dental insurance and a strong majority get vision coverage.

$43,904 - $109,405
(Median)
$44K
$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
$43,904 - $109,405  
   
Bonus
$1,713 - $29,267  
Profit Sharing
$253.42 - $9,863  
Commission
$0.00 - $20,685  
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).
)
$42,790 - $125,607  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 239
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
$1,713 - $29,267  
   
Commission
$0.00 - $20,685  
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).
)
$42,790 - $125,607  
Country: United States | Currency: USD | Updated: 20 Jun 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 transition into upper-level roles like Relationship Manager. However, Relationship Managers do report a slightly lower median income of $70K 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. Those familiar with Financial Analysis, Sales and Customer Relationship Management will likely experience a boost in pay, earning between 6 percent to 19 percent above the national average. 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.


The average beginner in this position makes around $65K, but folks who have been around for five to 10 years see a markedly higher median salary of $87K. On average, Banking Relationship Managers make $92K following one to two decades on the job. Banking Relationship Managers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $85K.

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Experience Affects Relationship Manager, Banking Salaries



Late-Career
up arrow 6%

National Average
$80,000


Skills That Affect Relationship Manager, Banking Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 51 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
37%
10-19 years
25%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 89%
vision benefits Vision: 79% employee benefits None: 4%
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