The average salary for a Private Banker in United Kingdom is £55,581.
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£35k - £82k
£252 - £40k
£500 - £7k
£39k - £110k
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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…Read more
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.
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Popular Skills for Private Banker
Skills in Financial Advisor and Investment Management are correlated to pay that is above average. Skills that pay less than market rate include Sales, Banking and Customer Relationship Management (CRM).
Pay by Experience Level for Private Banker
An early career Private Banker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of £44,760 based on 13 salaries. A mid-career Private Banker with 5-9 years of experience earns an average total compensation of £58,065 based on 9 salaries. An experienced Private Banker with 10-19 years of experience earns an average total compensation of £57,635 based on 13 salaries. In their late career (20 years and higher), employees earn an average total compensation of £75,000.
Pay Difference by Location
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Years of Experience
This data is based on 42 survey responses.
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