How Much Do Private Client Bankers Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary private client bankers make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for private client bankers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of private client bankers are offering as compensation.

Keep reading to learn more about how much private client bankers can expect to make in the United States.

At a Glance: Salary & Jobs for Private Client Bankers

According to data from 2023, there were about 495,901 positions for private client bankers in the United States. In terms of salary, the national median salary for private client bankers was reported to be $76,898. Additionally, when examining job demand, employers across the country posted 91,537 job postings related to positions for private client bankers.

How Much Money Do Private Client Bankers Make?

Median salary is just one data point. To build a better understanding of how much money private client bankers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for private client bankers.

Annual Salary for Private Client Bankers

According to the BLS, the lowest earners for private client bankers and related professions earned about $45,427 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $212,181 annually.

As mentioned previously, the median salary for private client bankers in the United States in 2023 was $76,898.

Hourly Salary for Private Client Bankers

The BLS also breaks down compensation for private client bankers by hourly salary, and the median average hourly pay for private client bankers in 2023 was $37. Lowest hourly earners took home $22 while the highest reported hourly salaries for private client bankers was $102.

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Degree Options for Private Client Bankers

Advertised Compensation for Private Client Bankers

Data from the BLS is one way to dig into compensation for private client bankers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for private client bankers.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Private Client Bankers

During a review of 110,671 job postings related to private client bankers, advertised salary was included in 29,066 of them, which was 26%. Based on those postings, the median advertised salary for private client bankers was $53,120 per year.

Hourly Salary from Job Postings for Private Client Bankers

A similar analysis of job postings provides insight into advertised hourly salary for private client bankers. Based on 32% of postings with advertised compensation, the median hourly salary for open positions for private client bankers in the United States is about $26.

Salary Trend for Private Client Bankers

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for private client bankers. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for private client bankers dating back to September 2020, advertised salaries for private client bankers have decreased 8%.

What's the Job Growth for Private Client Bankers?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for private client bankers over the next 10 years.

According to the data obtained through Lightcast,™ there were 496,027 jobs for private client bankers in the United States in 2023. By 2033, it is expected that about 48,856 jobs will be added. That's a 9.8% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about private client bankers? Visit our other pages focused on salary and education for private client bankers.

What do private client bankers do?
Private Client Bankers: How do you become one?

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