As of July 01, 2026, the average salary for a Private Banker II in the United States is $86,497 per year, which breaks down to an hourly rate of $42.
However, a Private Banker II's salary can vary significantly. Here’s a look at the typical salary range:
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A Private 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 a Private 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 Banker I | 0-2 years | $76,647 |
| Private Banker II | 2-4 years | $86,497 |
| Private Banker III | 4-7 years | $102,714 |
| Private Banker IV | 7+ years | $135,569 |
| Private Banking Manager | 7+ years | $182,456 |
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 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
|
$91,687 |
6%
|
|
Consulting
|
$91,687 |
6%
|
|
Small Business Banking
|
$91,687 |
6%
|
|
Influencing
|
$90,822 |
5%
|
|
Credit Reports
|
$90,822 |
5%
|
|
Negotiating
|
$90,822 |
5%
|
Private Banker II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $92,266. While startup companies pay approximate $78,298.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $78,298 |
| Growth Stage | 51~500 | $82,751 |
| Established | 501~5000 | $89,183 |
| Enterprise | 5000+ | $92,266 |
For Private Banker II roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Private Banker positions in Business Services typically offer lower base pay, as this sector often view Private Banker II as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $103,796 | $50.0 | 20% |
Your level of education can impact your salary potential. While many Private 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 a Private Banker II with a High School Diploma or Technical Certificate is between $70,598 and $77,926).
Private 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 a Private 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 July 01, 2026Promotions are the fastest way to increase your earnings. As a Private 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 |
|---|---|---|
| Financial Advisor III | $89,600 | 4% |
| Private Banker III | $102,714 | 19% |
Salaries for a Private 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 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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A Private Banker II'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 II earns the most in San Jose, CA, where the annual salary of a Private Banker II is $109,099.
The highest pay for Private Banker II is $105,053.
The lowest pay for Private Banker II is $71,198.
Provides specialized banking and financial services to high-net-worth clients. Assesses client financial needs and develops tailored solutions, including lending, investment, and wealth management services. Builds and maintains long-term client relationships through personalized service and regular engagement. Achieves deposit and loan volume goals and sells additional fee-based services. Coordinates with internal specialists to deliver comprehensive financial solutions. Monitors client accounts and market conditions to proactively identify opportunities and risks. Keeps abreast of new financial products to advise clients and create upsell opportunities. Ensures compliance with banking regulations and internal policies. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.
The Financial Services industry offers the highest average compensation for Private Banker II roles, with salaries approximately 20% above the market median.
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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