The average salary for a Private Banker is HK$950,000 per year.

HK$385,196 - HK$1,972,651
HK$390K
HK$1M
HK$2M
MEDIAN: HK$1,000,000
10%
50%
90%
HK$0HK$1M
Salary HK$385,196 - HK$1,972,651
Bonus HK$150,000
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).
)
HK$500,755 - HK$1,972,651
  • Country: Hong Kong
  • Currency: HKD
  • Updated: 26 May 2018
  • Individuals Reporting: 11

Job Description for Private Banker

A private banker's primary responsibility is to manage the financial accounts of high-income clients. They often fulfill a variety of tasks, but a private banker’s primary responsibilities include increasing and protecting a client’s wealth through investments, as well as processing transactions such as purchasing a home and estate planning. Private bankers work alongside other financial experts such as market analysts, fund managers, and estate lawyers; however, as they function as the client’s primary point of contact, they are often also called relationship managers. Most private bankers work in private banks that cater to wealthy clients, but some are also employed by regular banks that also provide special services to high-income individuals. Even though they work in a professional, office setting during regular business hours, a a private banker must be available to respond to the needs of clients at any time of the day or night. Besides being available 24/7 to receive requests from current clients and pursuing new clients, a private banker’s typical day consists in working with his or her team of financial and legal experts to develop and implement strategies to grow and preserve the assets of their clientele.

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Private Banker Tasks

  • Manage full banking relationships with clients and monitor changing client needs.
  • Monitor loan portfolio and resolve loan delinquencies, overdrafts, and loan and deposit maturities.
  • Recommend solutions to credit problems, approve loan requests, and assist senior lenders.

Private Banker Pay By Employer

$0$111K

Wells Fargo Bank
48 profiles
$67,003

Chase Bank
37 profiles
$39,314

$40,450

$64,602

$90,330

$54,957

Private Banker Job Listings

Pay Difference by Location

National Average: HK$1,082,320

Larger city markers indicate a job is popular in that location.

Key Stats for Private Banker

Gender

Female
71 %
Male
29 %
Less than 1 year
9%
1-4 years
9%
5-9 years
18%
10-19 years
36%
20 years or more
27%

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
9%
1-4 years
9%
5-9 years
18%
10-19 years
36%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 40%
vision benefits
Vision: 10%
no benefits
None: 10%