The average pay for a Relationship Banker is $16.88 per hour.
The average pay for a Relationship Banker is $39,013 per year.
640px
Job Description for Relationship Banker
A relationship banker is an employee of a bank or other lending institution that is responsible for dealing with customers on a one-on-one basis. This may mean being assigned specific clients or patrons and subsequently handling all transactions and assistance for them, or it may simply mean that the banker works in the front of the bank, dealing with most personal interactions that require expert help that tellers cannot provide. This is a position that has become more crucial for banks as more financial transactions have shifted to computers and technology. Customers often want to be able to speak with a person about urgent/important matters, and a relationship banker fills that role by listening to complaints or problems and offering effective solutions to resolve the situation to the satisfaction of the customer.
Read More...- Qualify potential members for membership by opening checking accounts, savings accounts, IRAs, CDs, and processing loan applications.
- Identify the needs of members by cross-selling and up-selling products and referring them to a personal banker.
- Authorize, approve, and research transactions; perform overrides, approve check holds, and make check cashing decisions.
- Process a variety of teller transactions including deposits, withdrawals, payments and transfers.
- Provide knowledge of products and services to consult with new members to identify products and services that best fit their needs.
Popular Employer Salaries for Relationship Banker
Leading companies who hire large numbers of Relationship Bankers include Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, M&T Bank Corp, and BB&T Corp. For Relationship Bankers, comfortable salaries can be found at Union Bank; in fact, median earnings sit around $49K, the highest in the area. J.P. Morgan Chase & Co. (JPMCC), Chase Bank, and Capital One Financial Corp are a few other companies that offer generous salaries, with Relationship Bankers earning around $46K, $45K, or $41K at each firm, respectively.
Employees at M & T Bank, M&T Bank Corp, and Bank of America Corp. (BOFA) can also expect below-average earnings of $34K.
Common Career Paths for Relationship Banker
Relationship Banker Job Listings
Popular Skills for Relationship Banker
Survey results suggest that Relationship Bankers use a fairly large toolkit of professional skills. Most notably, skills in Operations Management, Customer Relationship Management, Team Leadership, and Sales are correlated to pay that is above average. At the other end of the pay range are skills like Customer Service, Bilingual, and Banking. For most people, competency in Customer Service indicates knowledge of Customer Relations.
Pay by Experience Level for Relationship Banker
Pay by Experience for a Relationship Banker has a positive trend. An entry-level Relationship Banker with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 604 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Relationship Banker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $41,000 based on 295 salaries. An experienced Relationship Banker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $42,000 based on 164 salaries. A Relationship Banker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $48,000 based on 45 salaries.
Pay Difference by Location
Home to some of the best pay for Relationship Bankers, San Francisco offers exceptional salaries, 26 percent above the national average. Relationship Bankers can also look forward to large paychecks in cities like New York (+24 percent), Los Angeles (+19 percent), Portland (+12 percent), and Houston (+10 percent). Rochester is the lowest-paying area, 13 percent south of the national average. Employers in Virginia Beach and Tulsa also lean toward paying below-median salaries (9 percent lower and 7 percent lower, respectively).
Related Job Salaries
Key Stats for Relationship Banker
Gender
|
Female
55 % |
|
Male
45 % |
|
Job Satisfaction
| Highly satisfied |
Rated 4 out of 5 based on 317 votes. |
|
|
