As of April 01, 2025, the average annual salary for a Private Banking Manager in Lakeville, MN is $177,176. According to Salary.com, salaries can range from a low of $150,072 to a high of $223,592, with most professionals earning between $162,989 and $201,472.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $201,472 | $16,789 | $3,874 | $97 |
| Average | $177,176 | $14,765 | $3,407 | $85 |
| 25th Percentile | $162,989 | $13,582 | $3,134 | $78 |
An entry-level Private Banking Manager with under 1 year experience makes about $171,883. With less than 2 years of experience, a mid-level Private Banking Manager makes around $172,518. After 2-4 years, the Private Banking Manager pay rises to about $174,000. Those senior Private Banking Manager with 5-8 years of experience earn roughly $175,694, and those Private Banking Manager having 8 years or more experience are expected to earn about $179,715 on average.
| Levels | Salary |
|---|---|
| Entry Level Private Banking Manager | $171,883 |
| Intermediate Level Private Banking Manager | $172,518 |
| Senior Level Private Banking Manager | $174,000 |
| Specialist Level Private Banking Manager | $175,694 |
| Expert Level Private Banking Manager | $179,715 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 5% |
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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.
| Skill | Salary | Demand |
|---|---|---|
|
Operational Risk
|
$203,753 |
15%
|
|
Personal Banking
|
$201,981 |
14%
|
|
Prioritization
|
$196,666 |
11%
|
|
Expense Control
|
$196,666 |
11%
|
|
Branch Operations
|
$194,894 |
10%
|
|
Commitment
|
$194,894 |
10%
|
