Private Banker Salary in Watertown, SD

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How much does a Private Banker make in Watertown, SD? The average Private Banker salary in Watertown, SD is $71,503 as of May 28, 2024, but the salary range typically falls between $60,504 and $83,035. 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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Salary range for a Private Banker

$60,504 to $83,035

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What is a Private Banker?

A Private Banker is responsible for managing the financial needs of high-net-worth individuals and providing personalized banking and investment services. They work closely with clients to understand their financial goals and develop customized wealth management strategies. Private Bankers also offer advice on investment opportunities, estate planning, and risk management, and may collaborate with other financial professionals, such as investment advisors and tax specialists, to provide comprehensive financial solutions. Additionally, they are responsible for building and maintaining strong relationships with clients to ensure their long-term satisfaction and loyalty.

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Job Openings for Private Banker in Watertown, SD

Private Banker III

First Western - Denver , CO

As a Private Banker III at First Western, you will play a vital role in helping high-net-worth clients achieve their financial goals. You will work closely with our Denver team to deliver ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 9 days ago

Private Banker

MRINetwork Jobs - San Jose , CA

Actively seeking a Private Banker for a very successful large national financial institution: * Responsible for new business development, retention, and growth of high and ultra high net worth client ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 4 days ago

Private Banker (MIAMI)

Pacifica Continental - Miami , FL

They as looking for an experienced Private Banker Location: Miami, Florida, United States Responsibilities • Develop and maintain relationships with existing and prospective clients. • Provide ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 18 days ago

SVP, Private Banker (On-site)

Gateway First Bank - Tulsa , OK

The SVP, Private Banker manages a private banking portfolio of high-net-worth individuals using banking strategies, solutions, and advice that is customized to the client's needs. Develops and ...

ZipRecruiter - 60 days ago

Private Banking Officer I,II, III

Central Pacific Bank - Honolulu , HI

Exemplary record of success in commercial lending required. 2+ years' related work experience in Private Banking required. 1+ years' experience as a Team leader or Supervisor required. Financial ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 9 days ago

Private Banker

Sunflower Bank - Englewood , CO

The Private Banker position is responsible for building and enhancing long-term client relationships with High-Net-Worth individuals and families. As a trusted advisor, this position manages the ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 71 days ago

What does a Private Banker do?

Common responsibilities of a Private Banker

Adhere to regulatory requirements and internal policies to ensure compliance with industry standards and best practices.

September 10, 2023

Stay informed about market trends, economic developments, and regulatory changes to provide informed advice to clients.

September 19, 2023

Provide personalized financial advice and investment solutions tailored to the client's individual circumstances.

September 22, 2023

Assist clients with banking services, such as lending, cash management, and wealth transfer strategies.

October 03, 2023

Act as a trusted advisor and advocate for clients, representing their interests within the bank and providing exceptional service.

October 09, 2023

Build and maintain relationships with high-net-worth clients to understand their financial needs and goals.

October 20, 2023

Monitor and review client portfolios to ensure they are aligned with their financial objectives and risk tolerance.

November 01, 2023

Continuously educate and inform clients about financial planning, investment strategies, and wealth management options.

November 11, 2023

Collaborate with other professionals, such as investment advisors, estate planners, and tax specialists, to provide comprehensive wealth management solutions.

November 15, 2023

Manage and grow a portfolio of high-net-worth clients by identifying opportunities for additional services and products.

November 16, 2023

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Private Banker Salary By Experience Levels in Watertown, SD

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Private Banker Salary By Level of Education in Watertown, SD

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Private Banker in Watertown, SD

Average Base Salary

Core compensation

60504

83035

71503

Average Total Cash Compensation

Includes base and annual incentives

66976

97689

82619

What is the average salary for Private Banker in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Private Banker in Watertown, SD. The base salary for Private Banker ranges from $60,504 to $83,035 with the average base salary of $71,503. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $66,976 to $97,689 with the average total cash compensation of $82,619.

View Average Salary for Private Banker as table

	Average Salary	Average Salary Range
Base Salary	$71,503	$60,504 - $83,035
Bonus	$11,116	$6,472 - $14,654
Total Pay	$82,619	$66,976 - $97,689

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Private Banker Salary Near Watertown, SD

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Watertown, SD
CITY, STATE Brookings, SD	AVERAGE SALARY RANGE $59,806 - $82,077	COMPARE TO Watertown, SD
CITY, STATE Aberdeen, SD	AVERAGE SALARY RANGE $56,066 - $76,944	COMPARE TO Watertown, SD
CITY, STATE Sioux Falls, SD	AVERAGE SALARY RANGE $60,822 - $83,472	COMPARE TO Watertown, SD
CITY, STATE Saint Cloud, MN	AVERAGE SALARY RANGE $64,983 - $89,181	COMPARE TO Watertown, SD
CITY, STATE West Fargo, ND	AVERAGE SALARY RANGE $63,567 - $87,238	COMPARE TO Watertown, SD
CITY, STATE Fargo, ND	AVERAGE SALARY RANGE $63,567 - $87,238	COMPARE TO Watertown, SD

See salaries for Private Banker in locations close to Watertown, SD. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Watertown, South Dakota

Watertown is a city in and the county seat of Codington County, South Dakota, United States. The population was 21,482 at the 2010 census. It is the fifth largest city in South Dakota. It is also the principal city of the Watertown Micropolitan Statistical Area, which includes all of Codington and Hamlin counties. Watertown is home to the Redlin Art Center which houses many of the original art works produced by Terry Redlin, one of America's most popular wildlife artists. Watertown also is home to the Bramble Park Zoo and the Watertown Regional Library. The Watertown Public Opinion is a six-da...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Private Banker in Watertown, SD

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Private Banker IV	LOCATION Watertown, SD	MINIMUM SALARY $105,131	MAXIMUM SALARY $139,104
JOB TITLE Private Banker I	LOCATION Watertown, SD	MINIMUM SALARY $51,360	MAXIMUM SALARY $88,407
JOB TITLE Private Banker II	LOCATION Watertown, SD	MINIMUM SALARY $59,506	MAXIMUM SALARY $82,017
JOB TITLE Private Banker III	LOCATION Watertown, SD	MINIMUM SALARY $79,745	MAXIMUM SALARY $106,460
JOB TITLE Entry Private Banker	LOCATION Watertown, SD	MINIMUM SALARY $59,600	MAXIMUM SALARY $82,100
JOB TITLE Associate Private Banker	LOCATION Watertown, SD	MINIMUM SALARY $60,504	MAXIMUM SALARY $83,035

The Private Banker job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Watertown, SD that might be a good fit for the type of job and salary you are looking for.

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60504

83035

About Watertown, South Dakota Watertown is a city in and the county seat of Codington County, South Dakota, United States. The population was 21,482 at the 2010 census. It is the f....More

Watertown, South Dakota area prices were up 0.8% from a year ago

Private Banker Salary in popular cities: Sioux Falls, Rapid City, Aberdeen

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