Senior Personal Banker Salary
Median pay for Senior Personal Bankers in the United States lies in the neighborhood of $17.89 per hour. The particular firm is the biggest factor affecting pay for this group, followed by career length and geography. A large number have medical and dental plans, and a fair number have vision insurance. Women Senior Personal Bankers who took the survey just slightly outnumber men. Among folks in this role, job satisfaction levels approximately match the national average. The figures in this rundown are based on the results of PayScale's salary questionnaire.
|Salary||$33,669 - $49,454|
|Bonus||$600 - $11,792|
|Commission||$412.17 - $7,272|
|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).)
|$32,667 - $51,593|
|Hourly Rate||$14.79 - $21.66|
|Overtime||$19.87 - $35.37|
|Bonus||$600 - $11,792|
|Commission||$412.17 - $7,272|
|Total Pay (||$32,667 - $51,593|
Job Description for Senior Personal Banker
A senior personal banker's role is centered around customer service. They work at the banking facility, helping gain new customers, maintain relationships with current clients, and promote banking products such as checking accounts, credit cards, and loans. This position requires the personal banker to have excellent customer service skills (both in person and on the phone). Experience with electronic communications is also important, as many customer service interactions occur through email.Read More...
It is expected that the senior personal banker can come up with effective solutions to gain and maintain clientele; this includes following up with customers to gain an understanding of their level of satisfaction and to discover potential areas for improvement. The senior personal banker must also be able to perform teller duties. Often, they also have recordkeeping tasks as well. The senior personal banker may be entrusted with other duties such as opening and closing security boxes and the bank as well.
The minimum education requirement for this position is generally a high school diploma or equivalent, though a bachelor’s degree is often preferred. This position generally requires relevant experience as well.
Senior Personal Banker Tasks
- Take leading role in achieving production goals for deposits, loans, fee income, and other goals that are assigned.
- Earn the client's trust by enthusiastically adhering to all required service standards and serves as role model for other branch staff.
- Resolve client concerns or seeks assistance as needed.
- Utilize standard sales techniques such as profiling, active listening, and tele-consulting to generate business.
- Coordinate with branch staff and other business lines to achieve growth objectives.
Common Career Paths for Senior Personal Banker
Senior Personal Bankers might see a strong upturn in salary after transitioning into upper-level roles such as Banking Branch Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $52K per year.
Popular Employer Salaries for Senior Personal Banker
Dominating the field, Bank of America Corp. (BOFA), Wells Fargo Bank, U.S. Bank, Citizens Financial Group, Inc., and SunTrust Banks Inc. are top firms with a reputation for hiring a great number of Senior Personal Bankers. Senior Personal Bankers flock to Wells Fargo & Co. for generous paychecks, where average earnings of $51K lead the pack in compensation.
Popular Skills for Senior Personal Banker
Senior Personal Bankers usually report a few specific skills. Most notably, skills in Consumer Loans, Customer Relationship Management, Sales, and Customer Service are correlated to pay that is above average. Those familiar with Customer Service also tend to know Customer Relationship Management (CRM).
Pay by Experience Level for Senior Personal Banker
Pay by Experience for a Senior Personal Banker has a positive trend. An entry-level Senior Personal Banker with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 70 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Personal Banker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $41,000 based on 59 salaries. An experienced Senior Personal Banker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $42,000 based on 55 salaries. A Senior Personal Banker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $46,000 based on 16 salaries.
Pay Difference by Location
With a pay rate for Senior Personal Bankers that is 19 percent greater than the national average, Columbus offers a comfortable salary for those in this profession. Senior Personal Bankers will also find cushy salaries in Chicago (+15 percent) and Los Angeles (+15 percent).
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Key Stats for Senior Personal Banker
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