As of April 01, 2025, the average annual salary for a Banking Product Manager in Elgin, IL is $91,232. According to Salary.com, salaries can range from a low of $68,254 to a high of $146,885, with most professionals earning between $79,204 and $120,363.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $118,432 | $9,869 | $2,278 | $57 |
| Average | $89,768 | $7,481 | $1,726 | $43 |
| 25th Percentile | $77,934 | $6,495 | $1,499 | $37 |
An entry-level Banking Product Manager with under 1 year experience makes about $85,561. With less than 2 years of experience, a mid-level Banking Product Manager makes around $86,092. After 2-4 years, the Banking Product Manager pay rises to about $87,863. Those senior Banking Product Manager with 5-8 years of experience earn roughly $89,987, and those Banking Product Manager having 8 years or more experience are expected to earn about $97,281 on average.
| Levels | Salary |
|---|---|
| Entry Level Banking Product Manager | $85,561 |
| Intermediate Level Banking Product Manager | $86,092 |
| Senior Level Banking Product Manager | $87,863 |
| Specialist Level Banking Product Manager | $89,987 |
| Expert Level Banking Product Manager | $97,281 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 2% |
| Top Level | 0% |
| Experienced | 8% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Deposit Accounts: A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.
Customer Relations: Creating mutually beneficial relationships with customers to improve their overall experience.
| Skill | Salary | Demand |
|---|---|---|
|
Dedication
|
$130,461 |
43%
|
|
Planning
|
$130,461 |
43%
|
|
Initiative
|
$124,987 |
37%
|
|
Online Banking
|
$114,952 |
26%
|
|
Critical Thinking
|
$113,127 |
24%
|
|
Commitment
|
$109,478 |
20%
|
