$65,974
Avg. Salary
$24.71
Avg. Hourly Rate

Average additional compensation:

$13,500

Bonus

$3,052

Profit Sharing

$15,000

Commission

What am I worth?
How should I pay?

The average pay for a Private Banker is $24.71 per hour.

The average pay for a Private Banker is $65,974 per year.

$0.00
10%
$24.71
50%
$0.00
90%
MEDIAN $24.71
$57k
10%
$66k
50%
$110k
90%
MEDIAN $65,974
$56,709 - $109,616
$57K
$66K
$110K
MEDIAN: $65,974
10%
50%
90%

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$0$120K
Salary $56,709 - $109,616
Bonus $4,966 - $50,335
Profit Sharing $3,052
Commission $15,000
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).
)
$58,193 - $120,230
  • Country: United States
  • Currency: USD
  • Updated: 13 Feb 2019
  • Individuals Reporting: 12

Job Description for Private Banker

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 client’s primary point of contact, they are often also called relationship managers. Most private bankers work in private banks that cater to wealthy clients, but some are also employed by regular banks that also provide special services to high-income individuals. Even though they work in a professional, office setting during regular business hours, a a private banker must be available to respond to the needs of clients at any time of the day or night. Besides being available 24/7 to receive requests from current clients and pursuing new clients, a private banker’s typical day consists in working with his or her team of financial and legal experts to develop and implement strategies to grow and preserve the assets of their clientele.

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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.

Private Banker Job Listings

Key Stats for Private Banker

Gender

Female
13 %
Male
88 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
1-4 years
80%
5-9 years
20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
13 %
Male
88 %

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 93%
vision benefits
Vision: 93%
no benefits
None: 7%