Relationship Banker Salary

A Relationship Banker earns an average salary of $36,877 per year. People in this job generally don't have more than 20 years' experience.
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$30,983 - $52,523
$31K
$38K
$53K
MEDIAN: $38,365
10%
50%
90%

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$13.15 - $20.51
$13
$16
$21
MEDIAN: $16.31
10%
50%
90%

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$0$54K
Salary $30,983 - $52,523
Bonus $499.23 - $12,075
Profit Sharing $0.00 - $5,918
Commission $1,184 - $19,815
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).
)
$29,681 - $54,478
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 501
Hourly Data $0$30
Hourly Rate $13.15 - $20.51
Hourly Tips $0.00
Overtime $18.73 - $30.73
Annual Data $0$54K
Bonus $499.23 - $12,075
Commission $1,184 - $19,815
Profit Sharing $0.00 - $5,918
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).
)
$29,681 - $54,478
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 470

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.

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Relationship Banker Tasks

  • 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.

Common Career Paths for Relationship Banker


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Relationship Banker Job Listings

Popular Employer Salaries for Relationship Banker

Popular Skills for Relationship Banker

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

National Average: $39,340

Larger city markers indicate a job is popular in that location.

Relationship Banker Reviews

Q: What is it like working as a Relationship Banker?

Relationship Banker in Rhinelander:
"Entry-Level High Pressure Sales."
Pros: Nothing about my employer. Most of my customers are pleasant to deal with. I like helping them but do not want to sell them something that does not fit their needs.
Cons: I am underemployed with no room for advancement. My position is glamorized retail sales, requiring almost verbatim scripts; this is not a professional bank environment. Goals do not use demographic analysis to attain realistic quotas. In spite of building repeat relationships with clients and earning awards for top sales, my direct supervisor only focuses on the negative and micromanages (this applies to all employees). Teamwork and communication are rare and discouraged. The job duties themselves are not at all stressful but the constant negativity in our work environment is, resulting in high turnover and short-staffing.

Related Job Salaries

Key Stats for Relationship Banker

Gender

Female
56 %
Male
44 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 148 votes.
Less than 1 year
6%
1-4 years
51%
5-9 years
22%
10-19 years
15%
20 years or more
6%

Experience Affects Relationship Banker Salaries

▲23%

▲7%

▲5%

National Average
$39,000

▼9%

Skills That Affect Relationship Banker Salaries

Operations Management
▲5%


National Average
$39,000

Team Leadership
▼1%

Sales
▼4%

Customer Relations
▼4%

▼5%

Bilingual
▼6%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 148 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
6%
1-4 years
51%
5-9 years
22%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 82%
vision benefits
Vision: 73%
no benefits
None: 10%