As of September 01, 2026, the average hourly rate for an Private Client Banker II in the United States is $42, which translates to an annual salary of about $86,600.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
Private Client Banker II Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $96,300 | $8,025 | $1,852 | $46 |
| Average | $86,600 | $7,217 | $1,665 | $42 |
| 25th Percentile | $78,500 | $6,542 | $1,510 | $38 |
An Private Client Banker II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of an Private Client Banker II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Private Client Banker I | 0-2 years | $76,690 |
| Private Client Banker II | 2-4 years | $86,541 |
| Private Client Banker III | 4-7 years | $102,744 |
| Private Client Banker IV | 7+ years | $135,597 |
| Affluent Client Banking Senior Manager | 7+ years | $182,510 |
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Products and Services | 9.32% |
| Retail Lending | 2.24% |
| Sales Process | 1.65% |
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Private Client Banker II's salary.
| Skill | Salary | Salary % Increase |
|---|---|---|
| Benefits Management | $91,796 | |
| Consulting | $91,796 | |
| Small Business Banking | $91,796 |
Private Client Banker II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $92,319. While startup companies pay approximate $78,348.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $78,348 |
| Growth Stage | 51~500 | $82,810 |
| Established | 501~5000 | $89,213 |
| Enterprise | 5000+ | $92,319 |
Your level of education can impact your salary potential. While many Private Client Banker IIs enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for an Private Client Banker II with a High School Diploma or Technical Certificate is between $70,358 and $77,634).
| Typical Education for Private Client Banker II | |
|---|---|
| Degree Level | % of user with this level of education |
| No Diploma | 16.8% |
| High School | 16.8% |
| Associates | 10.3% |
| Bachelors | 57.5% |
| Masters | 14.7% |
| Doctorate | 0.8% |
Understanding how an Private Client Banker II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $96,300 | $8,025 | $1,852 | $46 |
| Average | $86,600 | $7,217 | $1,665 | $42 |
| 25th Percentile | $78,500 | $6,542 | $1,510 | $38 |
Salaries for an Private Client Banker II can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $68,291 in 2023 to around $68,309 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Private Client Banker II salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 | View More |
| 2023 | $68,291 |
| 2024 | $68,563 |
| 2025 | $68,309 |
| 2026 |
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|
| 2027 |
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|
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The Financial Services industry offers the highest average compensation for Private Client Banker II roles, with salaries approximately 20% above the market median.
Entry private bankers typically earn a salary ranging from $67,700 to $93,300, with a median salary of $80,400. While various banking roles can be lucrative, positions like portfolio managers and investment bankers often command higher salaries, reflecting their responsibilities and expertise in managing client assets and investments.
Salaries for Entry Private Bankers typically range from $67,700 to $93,300 annually. The midpoint salary is around $80,400. Individual earnings can vary based on factors such as job role, experience, education, and certifications.
To qualify as a Private Banker, candidates typically need a B-degree or Diploma in business, economics, finance, management, or marketing. Registration with the Financial Sector Conduct Authority (FSCA) is essential, and the Academy of Financial Markets qualification must be completed after employment. Entry-level salaries range from $67,700 to $93,300, with a midpoint of $80,400.
When considering salaries for Entry Private Bankers, the average range is between ?67,700 and ?93,300, with a midpoint of ?80,400. While various banks offer competitive salaries, HDFC Bank and ICICI Bank are notable for their attractive compensation packages, often exceeding this range, making them strong contenders for the best salary in the sector.
The lowest salary for an Entry Private Banker is approximately $67,700 per year. In comparison, the mid-range salary is around $80,400, while the highest earners in this role can make up to $93,300 annually.
The highest salary for an Entry Private Banker is $93,300 per year, while the minimum salary starts at $67,700. The mid-range salary for this position is approximately $80,400. This reflects the competitive compensation structure for banking roles at Bank of America.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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