The average salary for a Private Banker at Wells Fargo & Company is $93,500.
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$72k - $128k
$3k - $29k
$0 - $18k
$90k - $158k
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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…Read more
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.
Popular Employer Salaries for Private Banker
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 SunTrust Banks Inc. where the average pay is $90,647. Other companies that offer high salaries for this role include Frost Bank and Wells Fargo Bank, earning around $73,000 and $71,944, respectively. Chase Bank pays the lowest at around $41,093. J.P. Morgan Chase & Co. (JPMCC) and The Northern Trust Company also pay on the lower end of the scale, paying $41,731 and $67,000, respectively.
Private Banker Job Listings
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Popular Skills for Private Banker
Skills in Sales are correlated to pay that is above average. Skills that pay less than market rate include Investment Planning and Customer Relationship Management (CRM).
Years of Experience
This data is based on 6 survey responses.
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