Personal banker salary

by admin on February 1, 2012

Banking has evolved very much over the years. A normal citizen today has various options of saving money or putting it in some or the other form of investment. Bankers have come up with an idea of assigning dedicated individuals to their customers with a focus on customized investing options. This article gives us an overview of the salaries of personal bankers. Hope you will like it.

Salary $27,326 – $45,269
Bonus $392.49 – $9,872
Profit Sharing $254.17 – $3,035
Commission $1,047 – $20,271
Total Pay $25,069 – $51,038

Annual And hourly remuneration range of Personal Bankers by experience:

Experience Annual Average Pay Hourly Average Pay
Less than 1 year $25,825 – $40,558 $9.17 – $16.63
1-4 years $26,463 – $41,488 $10.54 – $17.85
5-9 years $29,447 – $49,174 $11.56 – $18.47
10-19 years $29,849 – $57,145 $12.51 – $20.29
20 years or more $30,893 – $62,539 $12.68 – $20.95

Annual And hourly remuneration range of Personal Bankers by Employer Name:

Employer Name Annual Pay Range Hourly Pay Range
J.P. Morgan Chase & Co. $29,317 – $39,804  $13.23 – $18.28
Wells Fargo Bank $28,641 – $48,134  $12.16 – $18.87
Bank of America Corp. $29,026 – $40,728  $12.39 – $19.77
Chase Bank $28,705 – $40,960  $12.05 – $17.51
Wachovia Bank $24,896 – $48,018   $9.19 – $21.53
Fifth Third Bancorp $28,597 – $46,213   $11.00 – $20.20

Annual And hourly remuneration range of Personal Bankers by City:

City Annual Pay Range Hourly Pay Range
New York, New York $30,326 – $52,127   -
Chicago, Illinois $25,169 – $46,541   $9.36 – $19.98
Houston, Texas $27,449 – $45,529   $10.31 – $16.71
Dallas, Texas $29,579 – $39,423   $12.61 – $17.54
Los Angeles, California $31,452 – $59,618   $12.55 – $18.95
San Francisco, California $30,787 – $60,169   -
Austin, Texas $26,961 – $43,958   -

Annual And hourly remuneration range of Personal Bankers by State:

State Annual Pay Range Hourly Pay Range
California $29,759 – $51,752   $12.47 – $19.60
Texas $27,041 – $41,326   $9.26 – $16.63
New York $29,515 – $49,932 -
Florida $27,402 – $43,997   $10.93 – $18.98
Illinois $25,516 – $42,320   $10.62 – $18.99
Ohio $27,009 – $41,540 -
New Jersey $29,982 – $49,680 -

Annual remuneration range of Personal Bankers by Certification:

Certification Annual Pay Range
National Association of Security Dealers, Series 6 License $30,769 – $48,263
National Association of Security Dealers, Series 63 License $30,932 – $49,182
Licensed Life Insurance Agent $29,885 – $46,371
National Association of Security Dealers, Series 7 License $29,921 – $72,031
Licensed Producer (IL) – Life, Health, Property, and Casualty $29,912 – $49,242
Notary Public $29,214 – $46,135
National Association of Security Dealers, Series 66 License $29,563 – $65,428
Licensed Life & Disability Insurance Agent $29,616 – $51,477
Licensed Health Insurance Agent $29,121 – $48,455

Hourly remuneration range of Personal Bankers by Certification

Certification Hourly Pay Range
National Association of Security Dealers, Series 6 License $14.21 – $21.02
National Association of Security Dealers, Series 63 License $13.52 – $21.89
Notary Public $11.32 – $19.16
Licensed Life Insurance Agent $12.44 – $19.34
Licensed Producer (IL) – Life, Health, Property, and Casualty $12.69 – $21.10
Licensed Life & Disability Insurance Agent $10.74 – $22.09
National Association of Security Dealers, Series 7 License $13.93 – $24.04

Annual And hourly remuneration range of Personal Bankers by Industry:

Industry Annual Pay Range Hourly Pay Range
Banking $27,441 – $43,982   $10.12 – $18.29
Financial Services $27,949 – $46,764   $11.66 – $18.18
Retail $26,876 – $50,217   $9.37 – $18.08
Investment Banking $29,069 – $83,834   $10.58 – $17.70
Mortgage Lending / Loans $27,615 – $59,282   $11.67 – $17.38
Insurance & Financial Services $24,529 – $44,193   -
Consumer Packaged Products/Goods $24,218 – $60,409   -

Annual And hourly remuneration range of Personal Bankers by Employer Type:

Employer Type Annual Pay Range Hourly Pay Range
Company $27,690 – $45,069   $10.48 – $18.62
Other Organization $24,159 – $46,625   $11.51 – $18.05
Private Practice/Firm $27,440 – $45,952   $11.69 – $19.08
Franchise $25,080 – $51,539   $10.79 – $16.67
Government – Federal $24,268 – $42,592   $9.77 – $19.39
Foundation / Trust $24,969 – $44,471   $9.26 – $15.40
Non-Profit Organization $20,826 – $56,363   $10.63 – $17.89
Government – State & Local $24,447 – $73,588   $9.81 – $20.17
Self-Employed $25,001 – $50,039   $12.61 – $22.92

Annual And hourly remuneration range of Personal Bankers by Benefits:

Benefits Annual Pay Range Hourly Pay Range
401(k) $28,122 – $45,746   $11.29 – $18.69
Paid Holidays / Vacation $28,055 – $45,060   $11.48 – $18.59
Life Insurance/Disability $28,546 – $46,553   $11.63 – $18.96
Paid Sick Leave $27,668 – $44,615   $11.42 – $18.99
Education/Training/Tuition $27,812 – $45,219   $11.78 – $18.22
Company Pension Plan $28,754 – $47,530   $12.66 – $18.05
Stock Purchase Plan $29,294 – $45,992   $12.40 – $19.79

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