The salary of a Private Banker II in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of March 01, 2025, the average annual salary for a Private Banker II in the United States is $80,671. Salary.com reports that pay typically ranges from $67,942 to $93,648, with most professionals earning between $56,353 and $105,462.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $93,648 | $7,804 | $1,801 | $45 |
| Average | $80,671 | $6,723 | $1,551 | $39 |
| 25th Percentile | $67,942 | $5,662 | $1,307 | $33 |
An entry-level Private Banker II with less than 1 year of experience earns about $78,866. With 1-2 years of experience, the average salary increases to $80,189. For 2-4 years of experience, the pay typically rises to $83,063. Senior-level professionals with 5-8 years of experience earn around $83,638, and those with over 8 years of experience can expect an average of $84,021.
| Levels | Salary |
|---|---|
| Entry Level Private Banker II | $78,866 |
| Intermediate Level Private Banker II | $80,189 |
| Senior Level Private Banker II | $83,063 |
| Specialist Level Private Banker II | $83,638 |
| Expert Level Private Banker II | $84,021 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 4% |
| Experienced | 4% |
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 II compensation over the past six years. For example, the median salary increased from $68,291 in 2023 to approximately $68,563 in 2024. (For a detailed analysis of Private Banker II 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 II information for you to search for. Click on search button below to see Private Banker II job openings or enter a new job title here.
Here are companies hiring for Private Banker II and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $80,671 | 63.1% | ||
| Bonus | $12,397 | 9.7% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $7,120 | 5.6% | ||
| 401K/403B | $4,374 | 3.4% | ||
| Disability | $745 | 0.6% | ||
| Healthcare | $6,056 | 4.7% | ||
| Pension | $5,119 | 4.0% | ||
| Time Off | $11,455 | 9.0% | ||
| Total Compensation | $127,936 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 16.8% |
| Associates | 10.3% |
| Bachelors | 57.5% |
| Masters | 14.7% |
| Doctorate | 0.8% |
What Am I Worth?
The average annual salary of Private Banker II is $80,671. In case you are finding an easy salary calculator, the average hourly pay of Private Banker II is $39; the average weekly pay of Private Banker II is $1,551; the average monthly pay of Private Banker II is $6,723.
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 $101,243.
The highest pay for Private Banker II is $105,462.
The lowest pay for Private Banker II is $56,353.
Private Banker II 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 II 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 II typically requires a bachelor's degree. Typically reports to a manager. The Private Banker II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Private Banker II typically requires 2 -4 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
Retail Lending: Retail lending is defined as closed- and open-end credit extended to individuals for household, family, and other personal expenditures. Extensive knowledge of consumer lending field.
Customer Contact: Customer Contact is the process of handling a query of the customer before, during, and after the purchase of any product or service.
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.
