As of March 01, 2025, the average annual salary for a Private Banker I in Michigan is $77,186. Salary.com reports that pay typically ranges from $58,132 to $100,066, with most professionals earning between $40,784 and $120,897.
| 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 under 1 year experience makes about $74,778. With less than 2 years of experience, a mid-level Private Banker I makes around $76,855. After 2-4 years, the Private Banker I pay rises to about $81,910. Those senior Private Banker I with 5-8 years of experience earn roughly $82,921, and those Private Banker I having 8 years or more experience are expected to earn about $83,595 on average.
| Levels | Salary |
|---|---|
| Entry Level Private Banker I | $74,778 |
| Intermediate Level Private Banker I | $76,855 |
| Senior Level Private Banker I | $81,910 |
| Specialist Level Private Banker I | $82,921 |
| Expert Level Private Banker I | $83,595 |
| Entry Level | 4% |
| Mid Level | 2% |
| Senior Level | 5% |
| Top Level | 6% |
| Experienced | 7% |
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Private Banker I salary varies from city to city. Compared with national average salary of Private Banker I, the highest Private Banker I salary is in San Francisco, CA, where the Private Banker I salary is 25.0% above. The lowest Private Banker I salary is in Miami, FL, where the Private Banker I salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $97,754 |
25.0%
|
| Washington, DC | $87,040 |
11.3%
|
| Miami, FL | $75,466 |
|
| Chicago, IL | $82,035 |
4.9%
|
| Boston, MA | $87,666 |
12.1%
|
| New York, NY | $91,341 |
16.8%
|
