The average pay for a Commercial Banker is $22.31 per hour.
The average pay for a Commercial Banker is $91,405 per year.
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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.
Read More...- 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 Pay By Employer
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
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).
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Key Stats for Commercial Banker
Gender
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Female
16 % |
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Male
84 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 63 votes. |
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