Private Banking Relationship Manager Salary

The average Private Banking Relationship Manager in the United States earns approximately $80K annually. It's worth noting that most people in this role find their work both fulfilling and enjoyable. Men account for the majority of Private Banking Relationship Managers who responded to the questionnaire — 84 percent to be exact. Most get medical and dental insurance, and a large number get vision plans, too. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$47,500 - $117,947
$48K
$81K
$120K
MEDIAN: $81,011
10%
50%
90%

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$0$153K
Salary $47,500 - $117,947
Bonus $1,500 - $40,000
Profit Sharing $2,250
Commission $5,000
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).
)
$55,751 - $153,955
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 44

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Private Banking Relationship Manager

Private banking relationship managers are in charge of managing clients on behalf of their organization, creating and maintaining strong relationships that increase client satisfaction and the sale of products and services. Private banking relationship managers give financial advice by educating customers on financial strategies such as investing and financial planning. These managers also work directly with clients to solve problems, listen to feedback, and respond in a timely manner to any banking concerns.

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Private Banking Relationship Manager Tasks

  • Identify potential bank clients and develop proposals detailing how the bank can benefit them.
  • Analyze client's cash, capital, and investment needs.
  • Establish relationships with a bank's business clients.
  • Monitor the performance of client accounts and suggest ways to improve returns.

Private Banking Relationship Manager Job Listings

Pay by Experience Level for Private Banking Relationship Manager

Pay by Experience for a Private Banking Relationship Manager has a positive trend. An entry-level Private Banking Relationship Manager with less than 5 years of experience can expect to earn an average total compensation of $64,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Private Banking Relationship Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $71,000 based on 18 salaries. An experienced Private Banking Relationship Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 22 salaries. A Private Banking Relationship Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $132,000 based on 6 salaries.

Key Stats for Private Banking Relationship Manager

Gender

Female
18 %
Male
82 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
2%
1-4 years
20%
5-9 years
22%
10-19 years
40%
20 years or more
16%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Private Banking Relationship Manager Salaries

Late-Career
▲52%

Experienced
▲7%

National Average
$86,000

Mid-Career
▼18%

Entry-Level
▼26%

Job Satisfaction

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

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
22%
10-19 years
40%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 86%
vision benefits
Vision: 83%
no benefits
None: 14%
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