Average Private Banker Salary

$69,823
Avg. SalaryShow Hourly Rate
$14,642
Bonus
$24,831
Commission
$2,971
Profit Sharing
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The average salary for a Private Banker is $69,823.
10%
$39k
10%
$70k
50%
$124k
90%
90%
MEDIAN $69,823
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United States (change)
Salary
$39k - $124k
Bonus
$2k - $41k
Profit Sharing
$100 - $10k
Commission
$10k - $52k
Total Pay
$46k - $146k

Your Market Worth Over Time

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Job Description for Private Banker

Private Banker Tasks
  • Manage full banking relationships with clients and monitor changing client needs.
  • Monitor loan portfolio and resolve loan delinquencies, overdrafts, and loan and deposit maturities.
  • Recommend solutions to credit problems, approve loan requests, and assist senior lenders.
The top respondents for the job title Private Banker are from the companies J.P. Morgan Chase & Co. (JPMCC), Wells Fargo Bank and Chase Bank. Reported salaries are highest at Wells Fargo & Company where the average pay is $93,500. Other companies that offer high salaries for this role include SunTrust Banks Inc. and Wells Fargo & Co., earning around $89,547 and $69,004, respectively. Chase Bank pays the lowest at around $39,807. J.P. Morgan Chase & Co. (JPMCC) and The Northern Trust Company also pay on the lower end of the scale, paying $41,182 and $67,000, respectively.

Career Paths

Explore the most common career paths for Private Banker. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Private Banker
Financial Advisor
Credit Analyst
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Private Banker Job Listings

Popular Skills for Private Banker

Skills in Banking, Sales, Customer Relationship Management (CRM) and Investment Planning are correlated to pay that is above average. Skills that pay less than market rate include Customer Service.

Pay by Experience Level for Private Banker

An entry-level Private Banker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $49,895 based on 14 salaries. An early career Private Banker with 1-4 years of experience earns an average total compensation of $57,770 based on 153 salaries. A mid-career Private Banker with 5-9 years of experience earns an average total compensation of $67,475 based on 228 salaries. An experienced Private Banker with 10-19 years of experience earns an average total compensation of $80,564 based on 207 salaries. In their late career (20 years and higher), employees earn an average total compensation of $95,952.
Employees with Private Banker in their job title in Dallas, Texas earn an average of 40.7% more than the national average. These job titles also find higher than average salaries in San Francisco, California (24.7% more) and Miami, Florida (14.6% more). The lowest salaries can be found in Houston, Texas (25.5% less) and New York, New York (4.8% less).

Years of Experience

This data is based on 680 survey responses.
Entry Level
2.1%
Early Career
22.5%
Mid Career
33.5%
Experienced
30.4%
Late Career
11.5%