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Hourly Wage for Private Client Banker II Salary in the United States

What is the highest and lowest hourly pay for Private Client Banker II?

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:

  • Top Earners (90th percentile): $51 per hour
  • Majority Range (25th-75th percentile): $38 to $46 per hour
  • Entry-Level (10th percentile): $34 per hour

Key Factors That Influence Private Client Banker II Salaries

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.

How Experience Level Affects Private Client Banker Salaries?

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:

  • 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
Job Role Years of Experience Average Salary
Private Client Banker I0-2 years$76,690
Private Client Banker II2-4 years$86,541
Private Client Banker III4-7 years$102,744
Private Client Banker IV7+ years$135,597
Affluent Client Banking Senior Manager7+ years$182,510

Top Paying Cities for Private Client Banker IIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $109,200
  • San Francisco: $108,000
  • Oakland: $105,700

What Skills Can Increase an Private Client Banker II's Salary?

Demanded Skills for the Role:

  • Products and Services (Mentioned in 9.32% Job Postings): Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
  • Retail Lending (Mentioned in 2.24% Job Postings): Retail lending is defined as closed- and open-end credit extended to individuals for household, family, and other personal expenditures. Extensive knowledge of consumer lending field.
  • Sales Process (Mentioned in 1.65% Job Postings): Designing and implementing repeatable steps that a salesperson takes to move a prospect from an early-stage lead to a closed customer.
Skills Demand Percentage
Products and Services 9.32%
Retail Lending 2.24%
Sales Process 1.65%

What skills can make your compensation higher?

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.

  • Benefits Management: Can increase your salary by up to 6%.
  • Consulting: Can increase your salary by up to 6%.
  • Small Business Banking: Can increase your salary by up to 6%.
Skill Salary Salary % Increase
Benefits Management $91,796
6%
Consulting $91,796
6%
Small Business Banking $91,796
6%

Private Client Banker II Salary by Company Size: Startups vs. Enterprise

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.

Private Client Banker II Salary by Company Size

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

Private Client Banker II Salary by Industry: Top Paying Sectors

For Private Client Banker II roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Private Client Banker positions in Business Services typically offer lower base pay, as this sector often view Private Client Banker II as a support function rather than a direct revenue driver.

The top paying industry for an Private Client Banker II

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$103,920$50.020%

How Education impacts an Private Client Banker II's Salary?

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).

Private Client Banker II Salaries by Degree Level

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%

Private Client Banker II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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.

Last Updated on September 01, 2026
$78,500
Average $86,600/year
$96,300
$6,542
Average $7,217/month
$8,025
$1,510
Average $1,665/week
$1,852
$38
Average $42/hour
$46
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

Most common benefits for Private Client Banker II

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Private Client Banker II

Here are companies hiring for Private Client Banker II and their salaries, click below for more details.

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FAQ about Private Client Banker II

1. What industry pays the highest salary for Private Client Banker II?

The Financial Services industry offers the highest average compensation for Private Client Banker II roles, with salaries approximately 20% above the market median.

2. What type of banker makes the most money?

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.

3. How much do private bankers make at Bank of America?

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.

4. Who qualifies for private banker?

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.

5. Which private bank gives the best salary?

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.

6. What is the lowest salary for a banker?

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.

7. What is the highest salary in Bank of America?

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.

Where Does Our Salary Data Come From?

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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