Avg. Base Salary (USD)
The average salary for a Private Banker is $69,746
What is the Pay by Experience Level for Private Bankers?
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 $50,462 based on 11 salaries. An early career Private Banker with 1-4 years of experience earns an average total compensation of $53,857 based on 115 salaries. A mid-career …Read more
What Do Private Bankers Do?
A private banker's primary responsibility is to manage the financial accounts of high-income clients. They often fulfill a variety of tasks, but a private banker’s primary responsibilities include increasing and protecting a client’s wealth through investments, as well as processing transactions such as purchasing a home and estate planning. Private bankers work alongside other financial experts such as market analysts, fund managers, and estate lawyers; however, as they function as the …Read more
- 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.