As of May 01, 2026, the average salary for an Private Client Banker II in the United States is $86,500 per year, which breaks down to an hourly rate of $42.
However, an Private Client Banker II's salary can vary significantly. Here’s a look at the typical salary range:
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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 | $76,604 |
| Private Client Banker II | 2-4 years | $86,453 |
| Private Client Banker III | 4-7 years | $102,684 |
| Private Client Banker IV | 7+ years | $135,542 |
| Affluent Client Banking Senior Manager | 7+ years | $182,402 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Private Client Banker IIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Products and Services | 9.32% |
| Retail Lending | 2.24% |
| Sales Process | 1.65% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Benefits Management
|
$91,690 |
6%
|
|
Consulting
|
$91,690 |
6%
|
|
Small Business Banking
|
$91,690 |
6%
|
|
Influencing
|
$90,825 |
5%
|
|
Credit Reports
|
$90,825 |
5%
|
|
Negotiating
|
$90,825 |
5%
|
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
| 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.
Last Updated on May 01, 2026Promotions are the fastest way to increase your earnings. As an Private Client Banker II, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Wealth Management Advisor III | $89,600 | 4% |
| Private Client Banker III | $102,690 | 19% |
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 |
View More
|
| 2027 |
View More
|
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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 provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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