As of March 01, 2025, the average annual salary for a Private Banker I in the United States is $78,203. Salary.com reports that pay typically ranges from $58,898 to $101,384, with most professionals earning between $41,321 and $122,489.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $101,384 | $8,449 | $1,950 | $49 |
| Average | $78,203 | $6,517 | $1,504 | $38 |
| 25th Percentile | $58,898 | $4,908 | $1,133 | $28 |
An entry-level Private Banker I with less than 1 year of experience earns about $75,763. With 1-2 years of experience, the average salary increases to $77,868. For 2-4 years of experience, the pay typically rises to $82,989. Senior-level professionals with 5-8 years of experience earn around $84,014, and those with over 8 years of experience can expect an average of $84,697.
| Levels | Salary |
|---|---|
| Entry Level Private Banker I | $75,763 |
| Intermediate Level Private Banker I | $77,868 |
| Senior Level Private Banker I | $82,989 |
| Specialist Level Private Banker I | $84,014 |
| Expert Level Private Banker I | $84,697 |
| Entry Level | 3% |
| Mid Level | 0% |
| Senior Level | 6% |
| Top Level | 7% |
| Experienced | 8% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Private Banker I compensation over the past six years. For example, the median salary increased from $57,349 in 2023 to approximately $57,282 in 2024. (For a detailed analysis of Private Banker I salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Private Banker I information for you to search for. Click on search button below to see Private Banker I job openings or enter a new job title here.
Here are companies hiring for Private Banker I and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $78,203 | 67.0% | ||
| Bonus | $6,309 | 5.4% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $6,465 | 5.5% | ||
| 401K/403B | $3,972 | 3.4% | ||
| Disability | $676 | 0.6% | ||
| Healthcare | $6,056 | 5.2% | ||
| Pension | $4,648 | 4.0% | ||
| Time Off | $10,401 | 8.9% | ||
| Total Compensation | $116,730 | 100% | ||
The average annual salary of Private Banker I is $78,203. In case you are finding an easy salary calculator, the average hourly pay of Private Banker I is $38; the average weekly pay of Private Banker I is $1,504; the average monthly pay of Private Banker I is $6,517.
A Private Banker I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Private Banker I earns the most in San Jose, CA, where the annual salary of a Private Banker I is $98,145.
The highest pay for Private Banker I is $122,489.
The lowest pay for Private Banker I is $41,321.
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.
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.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
