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As of August 01, 2026, the average salary for a Private Banker in Minnesota is $88,116 per year, which breaks down to an hourly rate of $42.
However, a Private Banker's salary can vary significantly. Here’s a look at the typical salary range:
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Private Banker Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $98,076 | $8,173 | $1,886 | $47 |
| Average | $88,116 | $7,343 | $1,695 | $42 |
| 25th Percentile | $79,970 | $6,664 | $1,538 | $38 |
Wells Fargo - Minneapolis, MN
JPMorgan Chase - Saint Paul, MN
National Guard Employment Network - Rochester, MN
Minnesota Jobs - Saint Paul, MN
A Private Banker's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Private Banker's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Private B... Level Private Banker | $77,434 |
| Private B... Level Private Banker | $87,384 |
| Private B... Level Private Banker | $103,756 |
| Private B... Level Private Banker | $136,938 |
| Private B... Level Private Banker | $184,307 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Private Bankers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Private Banker roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Private Banker positions in Business Services typically offer lower base pay, as this sector often view Private Banker as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $105,740 | $51.0 | 20% |
Understanding how a Private Banker's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $98,076 | $8,173 | $1,886 | $47 |
| Average | $88,116 | $7,343 | $1,695 | $42 |
| 25th Percentile | $79,970 | $6,664 | $1,538 | $38 |
Ready to take the next step in your career? Browse thousands of current Private Banker job openings on our job board. Use the search bar below to find your perfect match.
Chase
Saint Paul, MN
Chase | Saint Paul, MN
Private Client Banker In Branch Banking. You have a passion for taking care of our customers and employees and making them feel welcomed and valued by buil... more
7 Days Ago
JPMorgan Chase
Saint Cloud, MN
JPMorgan Chase | Saint Cloud, MN
Private Client Banker. You have a passion for taking care of our customers and employees and making them feel welcomed and valued by building lasting relat... more
9 Days Ago
Chase
Minneapolis, MN
Chase | Minneapolis, MN
Private Banker. We are actively looking for exceptionally talented individuals who are collaborative, confident and motivated to provide a first-class expe... more
9 Days Ago
Refresh Valley Dental
NORTHAMPTON, MA
Refresh Valley Dental | NORTHAMPTON, MA
Refresh Valley Dental Group is a private dental practice in Northampton, MA. We are looking to hire a new hygienist. Do you feel like your practice is just... more
1 Month Ago
Santander Holdings USA Inc
FINANCIAL DISTRICT, CA
Santander Holdings USA Inc | FINANCIAL DISTRICT, CA
It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-dr... more
6 Days Ago
Santander Holdings USA Inc
PRINCE, NY
Santander Holdings USA Inc | PRINCE, NY
It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-dr... more
6 Days Ago
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