Relationship Manager, Banking Salary

Banking Relationship Managers in the United States tend to be well-versed in their field, and slightly more than half have more than 10 years of experience. Average salary is expected to be around $79K per year, but may range from $46K to $149K per year. Total cash compensation to Banking Relationship Managers approaches anywhere from $46K on the lower end to $149K on the higher end; in exceptional cases, this can include more than $35K from bonuses and upwards of $16K from profit sharing. The most influential factor affecting pay for this group is geography, though career length and the specific company have a (lesser) impact as well. Male Banking Relationship Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 58 percent of the field. Most Banking Relationship Managers report high levels of job satisfaction. Almost all get medical and dental insurance, and a fair number get vision plans, too. The data in this summary comes from the PayScale salary survey.

$46,062 - $132,684
$46K
$82K
$130K
MEDIAN: $82,007
10%
50%
90%

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$15.93 - $30.20
$16
$23
$30
MEDIAN: $22.84
10%
50%
90%

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$0$153K
Salary $46,062 - $132,684
Bonus $2,959 - $31,352
Profit Sharing $500 - $18,250
Commission $0.00 - $38,783
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).
)
$45,967 - $153,433
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 141
Hourly Data $0$38
Hourly Rate $15.93 - $30.20
Overtime $38.00
Annual Data $0$153K
Bonus $2,959 - $31,352
Commission $0.00 - $38,783
Profit Sharing $500 - $18,250
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).
)
$45,967 - $153,433
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 18

Job Description for Relationship Manager, Banking

A banking relationship manager is an important liaison between customers and their institution. They must establish new client relationships and maintain existing relationships. Daily responsibilities for the banking relationship manager are as diverse as the customers being served. They typically handle customer issues with accounts, investment offerings, and loans; these issues require the manager be knowledgeable of their bank's products and services, as well as those offered by competitors. The banking relationship manager also performs a number of managerial responsibilities. They must accurately portray customer relations to their supervisors, research customer trends, and report these findings to the bank president or general manager.

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Relationship Manager, Banking 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.

Common Career Paths for Relationship Manager, Banking


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Banking Relationship Managers often transition into a Relationship Manager position. Relationship Managers report a slightly lower median income of $69K.

Relationship Manager, Banking Job Listings

Popular Employer Salaries for Relationship Manager, Banking


U.S. Bank leads the field in terms of pay, with a median salary of $83K.

Popular Skills for Relationship Manager, Banking


Banking Relationship Managers note just a narrow range of job skills. Most notably, facility with Financial Analysis, Investment Planning, and Customer Relationship Management (CRM) are correlated to pay that is significantly above average, leading to increases of 29 percent, 12 percent, and 5 percent, respectively. Most people who know Customer Relationship Management also know Financial Analysis.

Pay by Experience Level for Relationship Manager, Banking

Pay by Experience for a Relationship Manager, Banking has a positive trend. An entry-level Relationship Manager, Banking with less than 5 years of experience can expect to earn an average total compensation of $62,000 based on 44 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Relationship Manager, Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $84,000 based on 48 salaries. An experienced Relationship Manager, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $102,000 based on 55 salaries. A Relationship Manager, Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $102,000 based on 23 salaries.

Related Job Salaries

Key Stats for Relationship Manager, Banking

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.
Less than 1 year
4%
1-4 years
19%
5-9 years
26%
10-19 years
36%
20 years or more
15%

Experience Affects Relationship Manager, Banking Salaries

▲23%

▲23%

▲1%

National Average
$83,000

▼26%

Skills That Affect Relationship Manager, Banking Salaries


Investment Planning
▲6%

National Average
$83,000

Customer Relationship Management (CRM)
▼1%

▼4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
4%
1-4 years
19%
5-9 years
26%
10-19 years
36%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 88%
vision benefits
Vision: 76%
no benefits
None: 6%