The average salary for a Business Banker is $70,383.
Is Business Banker your job title? Get a personalized salary report!
$45k - $95k
$2k - $23k
$26 - $11k
$1k - $24k
$41k - $108k
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
Job Description for Business Banker
Business bankers work in a financial institution and manage a business loan portfolio that may include small and/or large organizations. They perform careful analysis of prospective clients' needs and best options, working with the client to determine optimal banking solutions. In addition, business bankers are in charge of communicating with current clients to ensure all needs are being met and questions are answered. Individuals in this position may also need to negotiate and set terms for loa…Read more
Business Banker Tasks
- Analyze banking and loan transactions for new and existing clients with the aim of developing and delivering the best service and largest financial return on investments.
- Actively monitor and manage banking relationships to ensure that client goals and objectives are being met.
- Assess client needs and propose useful solutions that will deliver positive financial results.
- Identify, engage, and welcome new clients/members into the bank family and ensure they understand all that the bank has to offer.
Popular Employer Salaries for Business Banker
The top respondents for the job title Business Banker are from the companies Wells Fargo Bank, Bank of America Corp. (BOFA) and The PNC Financial Services Group, Inc.. Reported salaries are highest at The PNC Financial Services Group, Inc. where the average pay is $80,000. Other companies that offer high salaries for this role include Bank of America Corp. (BOFA), earning around $74,152. U.S. Bank pays the lowest at around $49,132. Wells Fargo Bank also pays on the lower end of the scale, paying $54,650.
Business Banker Job Listings
Popular Skills for Business Banker
Skills in Sales, Business Development, Customer Relationship Management (CRM) and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Customer Service.
Pay by Experience Level for Business Banker
An entry-level Business Banker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $50,920 based on 45 salaries. An early career Business Banker with 1-4 years of experience earns an average total compensation of $59,816 based on 160 salaries. A mid-career Business Banker with 5-9 years of experience earns an average total compensation of $68,453 based on 149 salaries. An experienced Business Banker with 10-19 years of experience earns an average total compensation of $76,713 based on 149 salaries. In their late career (20 years and higher), employees earn an average total compensation of $86,155.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Business Banker in their job title in Houston, Texas earn an average of 6.2% more than the national average. These job titles also find higher than average salaries in Columbus, Ohio (2.9% more). The lowest salaries can be found in New York, New York (19.8% less), Tampa, Florida (11.9% less) and Boston, Massachusetts (11.6% less).
Years of Experience
This data is based on 550 survey responses.
Related Job Salaries
$28k - $52k
$12k - $43k
$28k - $55k
$32k - $67k
$32k - $70k
$24k - $75k
$41k - $102k
$24k - $46k
$30k - $59k
$45k - $80k