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What is the salary range of Private Banker IV?

As of December 01, 2024, the average annual pay of Private Banker IV in Durham, NC is $131,986. While Salary.com is seeing that Private Banker IV salary in Durham, NC can go up to $171,907 or down to $100,583, but most earn between $115,549 and $152,882. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Private Banker IV in the United States.

Private Banker IV Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $157,936 $13,161 $3,037 $76
Average $136,349 $11,362 $2,622 $66
25th Percentile $119,368 $9,947 $2,296 $57

Average Salary

25% $115,549 10% $100,583 90% $171,907 75% $152,882 $131,986 50%(Median) Didn’t find job title? Click
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Salary.com provides you with accurate and diversified Private Banker IV salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Private Banker IV hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Private Banker IV $124,051
Intermediate Level Private Banker IV $125,272
Senior Level Private Banker IV $127,714
Specialist Level Private Banker IV $131,376
Expert Level Private Banker IV $139,138
$124,051 0 yr
$125,272 < 2 yrs
$127,714 2-4 yrs
$131,376 5-8 yrs
$139,138 > 8 yrs
Last Updated on December 01, 2024
Entry Level 9%
Mid Level 8%
Senior Level 6%
Top Level 4%
Experienced 2%
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Last Updated on December 01, 2024

Job Openings of Private Banker IV

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Cost of Living In Durham, NC

Cost of Living in Durham , NC is
7.0% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Private Banker IV

What skills does a Private Banker IV need?

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.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

3.

Banking Services: Banking Services are services like commercial credit cards, stored value cards, treasury management services, netting services, check drawing services, automated payment services including depository, overdraft, controlled disbursement and etc.

Customer Service 16.48%
Underwriting 2.02%
Banking Services 1.42%
Others 80.08%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Private Banker IV higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Integrity, you can get a 16% salary raise. If you are good at Collaboration, your salary will increase by 15%. If you are expert in Personal Banking, your salary will rise by 14%.
Skill Salary Demand
Integrity
$153,104
16%
Collaboration
$151,784
15%
Personal Banking
$150,464
14%
Flexibility
$149,145
13%
Commitment
$147,825
12%
Client Relationship
$147,825
12%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Private Banker IV is $131,986 per year in Durham, NC, updated at December 01, 2024.
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