Average Business Banker Salary

$70,383
Avg. SalaryShow Hourly Rate
$7,727
Bonus
$9,853
Commission
$1,526
Profit Sharing
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The average salary for a Business Banker is $70,383.
10%
$45k
10%
$70k
50%
$95k
90%
90%
MEDIAN $70,383
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United States (change)
Salary
$45k - $95k
Bonus
$2k - $23k
Profit Sharing
$26 - $11k
Commission
$1k - $24k
Total Pay
$41k - $108k

Your Market Worth Over Time

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Job Description for Business Banker

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.
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.
Entry Level
8.2%
Early Career
29.1%
Mid Career
27.1%
Experienced
27.1%
Late Career
8.5%