Commercial Banker Salary

Six-figure salaries are the norm for Commercial Bankers in the United States, with median pay hovering around $87K per year. Total incomes of Commercial Bankers incorporate potential for, in a few cases, more than $49K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $50K and $182K. Location and experience level each impact pay for this group, with the former having the largest influence. There are far more male Commercial Bankers survey respondents than women, making up 83 percent. Job satisfaction is high and work is enjoyable for most Commercial Bankers. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Participants in PayScale's salary questionnaire provided the particulars of this report.

$50,701 - $144,867
$51K
$89K
$140K
MEDIAN: $89,177
10%
50%
90%

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$0$187K
Salary $50,701 - $144,867
Bonus $3,937 - $50,095
Profit Sharing $0.00 - $12,164
Commission $6,000
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).
)
$53,994 - $187,315
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 208

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Commercial Banker

Many financial institutions work with businesses and corporate clients in addition to individuals, and the person responsible for handling corporate clients is a commercial banker. These specialized bankers maintain and build existing relationships with business clients, while also actively marketing the institution’s services to attract new commercial clients.

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Commercial Banker Tasks

  • Develop and expand commercial client relationships, as well as cross sell existing clients.
  • Participate in the business development activities of the bank.
  • Grow deposits, loans, and fee income in a profitable manner.
  • Sell full range of commercial banking services to client base.
  • Originate, negotiate, and close commercial loans.

Commercial Banker Job Listings

Pay by Experience Level for Commercial Banker

Pay by Experience for a Commercial Banker has a positive trend. An entry-level Commercial Banker with less than 5 years of experience can expect to earn an average total compensation of $70,000 based on 62 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Banker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $94,000 based on 72 salaries. An experienced Commercial Banker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $121,000 based on 89 salaries. A Commercial Banker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $127,000 based on 39 salaries.

Pay Difference by Location

National Average: $105,654

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

With a pay rate for Commercial Bankers that is 88 percent greater than the national average, Boston offers a comfortable salary for those in this profession. Commercial Bankers will also find cushy salaries in New York (+58 percent), Jacksonville (+53 percent), Seattle (+51 percent), and Louisville (+34 percent). One of the biggest compensable factors for Commercial Bankers is geography, with workers in Honolulu earning a whopping 34 percent below the national average. Workers in Chicago and Kansas City earn salaries that trail the national average for those in this profession (34 percent less and 33 percent less, respectively).

Related Job Salaries

Key Stats for Commercial Banker

Gender

Female
16 %
Male
84 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.
Less than 1 year
3%
1-4 years
20%
5-9 years
20%
10-19 years
41%
20 years or more
17%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Banker Salaries

▲20%

▲14%

National Average
$106,000

▼11%

▼34%

Skills That Affect Commercial Banker Salaries

Customer Relationship Management (CRM)
▲36%

Business Development
▲14%

National Average
$106,000


▼4%


Commercial Loans
▼29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
3%
1-4 years
20%
5-9 years
20%
10-19 years
41%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 85%
vision benefits
Vision: 71%
no benefits
None: 4%
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