The average salary for a Commercial Banker is $93,222.
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$54k - $144k
$3k - $49k
$500 - $13k
$1 - $20k
$55k - $182k
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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. For businesses, money management is an essential task. While businesses may leave large lump sums in accounts, most companies prefer to…Read more
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.
Job Satisfaction for Commercial Banker
Popular Employer Salaries for Commercial Banker
The top respondents for the job title Commercial Banker are from the companies J.P. Morgan Chase & Co. (JPMCC), KeyBank and Chase Bank. Reported salaries are highest at Bank of America Corp. (BOFA) where the average pay is $142,500. Other companies that offer high salaries for this role include Regions Bank and J.P. Morgan Chase & Co. (JPMCC), earning around $123,202 and $120,079, respectively. KeyBank pays the lowest at around $73,469. Wells Fargo Bank and Chase Bank also pay on the lower end of the scale, paying $86,358 and $90,824, respectively.
Commercial Banker Job Listings
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Popular Skills for Commercial Banker
Skills in Loan Underwriting and Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Business Development, Sales and Financial Analysis.
Pay by Experience Level for Commercial Banker
An entry-level Commercial Banker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $50,386 based on 9 salaries. An early career Commercial Banker with 1-4 years of experience earns an average total compensation of $65,829 based on 65 salaries. A mid-career Commercial Banker with 5-9 years of experience earns an average total compensation of $85,892 based on 74 salaries. An experienced Commercial Banker with 10-19 years of experience earns an average total compensation of $108,784 based on 128 salaries. In their late career (20 years and higher), employees earn an average total compensation of $123,693.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Commercial Banker in their job title in New York, New York earn an average of 44.4% more than the national average. These job titles also find higher than average salaries in San Diego, California (38.5% more) and Houston, Texas (15.4% more). The lowest salaries can be found in Kansas City, Missouri (19.5% less) and Indianapolis, Indiana (15.3% less).
Years of Experience
This data is based on 340 survey responses.