As of March 01, 2025, the average annual salary for a Private Banking Manager in the United States is $173,483. According to Salary.com, salaries can range from a low of $138,818 to a high of $207,478, with most professionals earning between $155,338 and $191,277.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $191,277 | $15,940 | $3,678 | $92 |
| Average | $173,483 | $14,457 | $3,336 | $83 |
| 25th Percentile | $155,338 | $12,945 | $2,987 | $75 |
An entry-level Private Banking Manager with less than 1 year of experience earns about $164,890. With 1-2 years of experience, the average salary increases to $165,694. For 2-4 years of experience, the pay typically rises to $167,569. Senior-level professionals with 5-8 years of experience earn around $169,711, and those with over 8 years of experience can expect an average of $173,425.
| Levels | Salary |
|---|---|
| Entry Level Private Banking Manager | $164,890 |
| Intermediate Level Private Banking Manager | $165,694 |
| Senior Level Private Banking Manager | $167,569 |
| Specialist Level Private Banking Manager | $169,711 |
| Expert Level Private Banking Manager | $173,425 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 0% |
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 Banking Manager compensation over the past six years. For example, the median salary increased from $126,656 in 2023 to approximately $126,845 in 2024. (For a detailed analysis of Private Banking Manager 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 Banking Manager information for you to search for. Click on search button below to see Private Banking Manager job openings or enter a new job title here.
Here are companies hiring for Private Banking Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $173,483 | 59.1% | ||
| Bonus | $48,760 | 16.6% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $13,676 | 4.7% | ||
| 401K/403B | $10,445 | 3.6% | ||
| Disability | $1,778 | 0.6% | ||
| Healthcare | $6,056 | 2.1% | ||
| Pension | $12,223 | 4.2% | ||
| Time Off | $27,353 | 9.3% | ||
| Total Compensation | $293,774 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 22.2% |
| Bachelors | 46.3% |
| Masters | 27.8% |
| Doctorate | 3.7% |
What Am I Worth?
The average annual salary of Private Banking Manager is $173,483. In case you are finding an easy salary calculator, the average hourly pay of Private Banking Manager is $83; the average weekly pay of Private Banking Manager is $3,336; the average monthly pay of Private Banking Manager is $14,457.
A Private Banking Manager'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 Banking Manager earns the most in San Jose, CA, where the annual salary of a Private Banking Manager is $217,722.
The highest pay for Private Banking Manager is $207,478.
The lowest pay for Private Banking Manager is $138,818.
Private Banking Manager manages a team of private banking officers who are responsible for individuals with high net-worth. Oversees and monitors the private banking officers' deposit and loan volume and ensures policies and procedures are met. Being a Private Banking Manager ensures that existing client relationships are sustained and nurtured. Acts as an advisor for complex credit decisions. Additionally, Private Banking Manager mentors and trains team. Requires a bachelor's degree. Typically reports to a director. The Private Banking Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Private Banking Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
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.
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.
Trading: Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.
Professional Development: Professional development refers to continuing education and career training after a person has entered the workforce in order to help them develop new skills, stay up-to-date on current trends, and advance their career.
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.
