Private Banking Manager Salary in the United States

Private Banking Manager Salary

How much does a Private Banking Manager make in the United States? The average Private Banking Manager salary in the United States is $171,212 as of August 27, 2024, but the range typically falls between $153,303 and $188,770. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Private Banking Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Private Banking Manager Salary $136,998 US August 27, 2024
25th Percentile Private Banking Manager Salary $153,303 US August 27, 2024
50th Percentile Private Banking Manager Salary $171,212 US August 27, 2024
75th Percentile Private Banking Manager Salary $188,770 US August 27, 2024
90th Percentile Private Banking Manager Salary $204,756 US August 27, 2024
25% $153,303 10% $136,998 90% $204,756 75% $188,770 $171,212 50%(Median) Didn’t find job title? Click
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What skills does a Private Banking Manager 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.

Trading: Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.

3.

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.

See More Skills
Customer Service 7.46%
Trading 1.49%
Professional Development 1.49%
Others 89.56%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Private Banking Manager 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 Decision Making, you can get a 6% salary raise. If you are good at Problem Solving, your salary will increase by 6%. If you are expert in Flexibility, your salary will rise by 6%.
Skill Salary Demand
Decision Making
 $181,485
6%
Problem Solving
 $181,485
6%
Flexibility
 $181,485
6%
Planning
 $181,485
6%
Business Development
 $179,773
5%
Wealth Management
 $179,773
5%
Get Latest Data
Last Updated on August 27, 2024

What Should I Pay?

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Job Description for Private Banking Manager

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. (Copyright 2024 Salary.com)... View full job description

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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.

Job Openings for Private Banking Manager
  • Think Bank - Rochester, MN
    Think Bank has an opportunity for an experienced leader for the role of Senior Vice President of Business Banking. Think is a Rochester, MN-based bank on a...
    - 10 Days Ago
  • PNC Financial Services Group - Pittsburgh, PA
    Job Profile. Position Overview. At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in ...
    - 3 Months Ago
  • Academy Bank, N.A. - Raymore, MO
    Summary. A Banking Center Manager III is an expert educator that is responsible for the overall success of the assigned banking center and provides periodi...
    - 25 Days Ago
  • Central Pacific Bank - Kahului, HI
    Position Function. Provide exceptional service to grow our business. Advocate our mission and be committed to creating value for our customers, employees, ...
    - 6 Months Ago
  • Great Southern Bank - Joplin, MO
    Come be a part of something greater. Great Southern Bank is committed to fostering an environment where everyone can contribute and succeed at every level....
    - 3 Months Ago

Career Path for Private Banking Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Private Banking Manager, the first career path typically progresses to Financial Advising Director.

Additionally, the second career path typically progresses to Private Banking Director.

Private Banking Manager
Financial Advising Director
Private Banking Director
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2023
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Private Banking Manager Pay Difference by Location

Private Banking Manager salary varies from city to city. Compared with national average salary of Private Banking Manager, the highest Private Banking Manager salary is in San Francisco, CA, where the Private Banking Manager salary is 25.0% above. The lowest Private Banking Manager salary is in Miami, FL, where the Private Banking Manager salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Private Banking Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
153303
188770
171212

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
180892
257595
219329
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Private Banking Manager in the United States. The base salary for Private Banking Manager ranges from $153,303 to $188,770 with the average base salary of $171,212. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $180,892 to $257,595 with the average total cash compensation of $219,329.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

153303
188770

 

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Skills associated with Private Banking Manager: Banking Software, Financial Advising, Customer Relationship Management (CRM), Develop Referrals ...More

Salary estimation for Private Banking Manager at companies like : Embassy of New Zealand, OUT OF AFRICA Inc, America One Security Inc

Jobs with a similar salary range to Private Banking Manager : Private Client Manager

Private Banking Manager Salary in United States
Private Banking Manager Salary Graph, Regional Distribution and Summary