Private Banker I Salary in the United States

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Private Banker I Salary

How much does a Private Banker I make in the United States? The average Private Banker I salary in the United States is $73,761 as of May 25, 2023, but the range typically falls between $55,548 and $95,622. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Based on HR-reported data: a national average with a geographic differential
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25% $55,548 10% $38,966 90% $115,526 75% $95,622 $73,761 50%(Median) Didn’t find job title? Click
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Job Description for Private Banker I

Private Banker I manages a private banking portfolio of individuals with high-net worth using banking strategies, solutions, and advice that are customized to the client's needs. Develops and maintains client relationships by engaging the resources of other parts of the organization to provide meaningful and personalized service. Being a Private Banker I acts as an advisor, providing financial research and information. Achieves deposit and loan volume goals, approves loans, and sells additional fee-based services. Additionally, Private Banker I typically requires a bachelor's degree. Typically reports to a manager. The Private Banker I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Private Banker I typically requires 0-2 years of related experience. (Copyright 2023 Salary.com)... View full job description

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Job Openings for Private Banker I
Those that have already made the climb...
Robert E. Wolfe, Chairman of the Board, CEO, and CFO
ADVANCED OXYGEN TECHNOLOGY
Advanced Oxygen Technologies, Inc., through its subsidiary, Anton Nielsen Vojens, ApS, owns and leases a commercial real estate property in Vojens, Denmark. Its property is land only, as well as a 750 square meters parcel that is used as a fuel station. The company was formerly known as Aquanautic Corporation. Advanced... More
Fiscal Year Ended in 2022
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Private Banker I Pay Difference by Location

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Private Banker I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
55548
95622
73761

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
58276
103619
79709
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Private Banker I in the United States. The base salary for Private Banker I ranges from $55,548 to $95,622 with the average base salary of $73,761. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,276 to $103,619 with the average total cash compensation of $79,709.
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55548
95622

 

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Skills associated with Private Banker I: Cross-Selling, Loan Underwriting, Banking Products, Develop Referrals ...More