The average salary for a Business Banker is $71,220.
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What Do Business Bankers Do?
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.
Job Satisfaction for Business Banker
Popular Employer Salaries for Business Banker
The top respondents for the job title Business Banker are from the companies Wells Fargo Bank, The PNC Financial Services Group, Inc. and Bank of America Corp. (BOFA). Reported salaries are highest at First Citizens Bank where the average pay is $104,000. Other companies that offer high salaries for this role include Bank of America Corp. (BOFA) and The PNC Financial Services Group, Inc., earning around $78,092 and $76,761, respectively. U.S. Bank pays the lowest at around $50,868. Wells Fargo Bank and Bremer Bank also pay on the lower end of the scale, paying $54,552 and $69,776, respectively.
Business Banker Job Listings
What Are Popular Skills for Business Bankers?
Skills in Business Development, Sales, Customer Relationship Management (CRM), Customer Service and Financial Analysis are correlated to pay that is above average.
What is the Pay by Experience Level for Business Bankers?
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 $51,447 based on 7 salaries. An early career Business Banker with 1-4 years of experience earns an average total compensation of $59,907 based on 121 salaries. A mid-career Business Banker with 5-9 years of experience earns an average total compensation of $69,467 based on 100 salaries. An experienced Business Banker with 10-19 years of experience earns an average total compensation of $77,510 based on 128 salaries. In their late career (20 years and higher), employees earn an average total compensation of $85,329.
Pay Difference by Location
Employees with Business Banker in their job title in Indianapolis, Indiana earn an average of 10.4% more than the national average. These job titles also find higher than average salaries in Milwaukee, Wisconsin (9.6% more). The lowest salaries can be found in New York, New York (20.7% less), Tampa, Florida (10.8% less) and Sacramento, California (9.1% less).
Years of Experience
This data is based on 408 survey responses.