Sometimes you need a personal banker. Just like sometimes you need a chocolate shake. But what exactly is the point of having a personal banker?
Personal bankers are important to clients who need some help in the banking department. Anything from opening accounts to overseeing transactions, personal bankers are there for their clients.
A lot of personal bankers work at well-known banks. So if you enjoy the idea of working for a big company that will most likely pay well and have great benefits, then becoming a personal banker might not be a bad idea.
How to Become a Personal Banker
There is more than meets the eye when it comes to being a personal banker. For example, did you know that they make an average of $22.49 an hour? That's $46,777 a year!
Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.
What Does a Personal Banker Do
There are certain skills that many personal bankers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed customer-service skills, analytical skills and detail oriented.
How To Become a Personal Banker
If you're interested in becoming a personal banker, one of the first things to consider is how much education you need. We've determined that 59.1% of personal bankers have a bachelor's degree. In terms of higher education levels, we found that 5.6% of personal bankers have master's degrees. Even though most personal bankers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a personal banker. When we researched the most common majors for a personal banker, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on personal banker resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a personal banker. In fact, many personal banker jobs require experience in a role such as teller. Meanwhile, many personal bankers also have previous career experience in roles such as customer service representative or sales associate.
Personal Banker Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of loan officer you might progress to a role such as account executive eventually. Later on in your career, you could end up with the title manager, assistant vice president.
Personal Banker
Manager, Assistant Vice President
7 Years
Vice President And Manager
10 Years
Relationship Manager
6 Years
Branch Sales Manager
6 Years
Senior Branch Manager
6 Years
Credit Manager
5 Years
Show More
Average Salary for a Personal Banker
Personal Bankers in America make an average salary of $46,777 per year or $22 per hour. The top 10 percent makes over $90,000 per year, while the bottom 10 percent under $24,000 per year.
Average Personal Banker Salary
$46,777Â Yearly$22.49 hourly
$24,000
10 %
$46,000
Median
$90,000
90 %
What Am I Worth?
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Top Colleges for Personal Bankers
1. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
2. Northwestern University
Evanston, IL • Private
In-State Tuition
$54,568
Enrollment
8,451
3. University of Southern California
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
4. SUNY at Binghamton
Vestal, NY • Private
In-State Tuition
$9,808
Enrollment
13,990
5. Villanova University
Villanova, PA • Private
In-State Tuition
$53,308
Enrollment
6,819
6. San Diego State University
San Diego, CA • Private
In-State Tuition
$7,488
Enrollment
30,018
7. Bentley University
Waltham, MA • Private
In-State Tuition
$49,880
Enrollment
4,177
8. Boston University
Boston, MA • Private
In-State Tuition
$53,948
Enrollment
17,238
9. SUNY Stony Brook
Stony Brook, NY • Private
In-State Tuition
$9,625
Enrollment
17,407
10. New York University
New York, NY • Private
In-State Tuition
$51,828
Enrollment
26,339
Top Skills For a Personal Banker
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 8.4% of personal bankers listed customer relationships on their resume, but soft skills such as customer-service skills and analytical skills are important as well.
Choose From 10+ Customizable Personal Banker Resume templates
Zippia allows you to choose from different easy-to-use Personal Banker templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Personal Banker resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Personal Banker Demographics
Personal Banker Gender Distribution
Female
55%
Male
45%
After extensive research and analysis, Zippia's data science team found that:
- Among personal bankers, 55.4% of them are women, while 44.6% are men.
- The most common race/ethnicity among personal bankers is White, which makes up 72.1% of all personal bankers.
- The most common foreign language among personal bankers is Spanish at 65.1%.
Online Courses For Personal Banker That You May Like
Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Banking Credit Analysis Process (for Bankers)
Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...
Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
Financial Accounting-Adjusting Entries & Financial Statement
Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...
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Best States For a Personal Banker
Some places are better than others when it comes to starting a career as a personal banker. The best states for people in this position are New York, Maine, Delaware, and West Virginia. Personal bankers make the most in New York with an average salary of $96,662. Whereas in Maine and Delaware, they would average $87,830 and $84,168, respectively. While personal bankers would only make an average of $80,038 in West Virginia, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New York
Total Personal Banker Jobs:
744
Highest 10% Earn:
$173,000
Location Quotient:
1.09 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
$96,662
Avg. Salary
2. Ohio
Total Personal Banker Jobs:
783
Highest 10% Earn:
$144,000
Location Quotient:
1.45 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
$73,822
Avg. Salary
3. Delaware
Total Personal Banker Jobs:
81
Highest 10% Earn:
$156,000
Location Quotient:
1.22 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
$84,168
Avg. Salary
How Do Personal Banker Rate Their Jobs?
Top Personal Banker Employers
Most Common Employers For Personal Banker
| Rank  | Company  | Average Salary  | Hourly Rate  | Job Openings  |
|---|---|---|---|---|
| 1 | Citi | $102,908 | $49.48 | 1,425 |
| 2 | Santander Bank | $76,965 | $37.00 | 169 |
| 3 | KeyBank | $43,039 | $20.69 | 147 |
| 4 | Fifth Third Bank | $40,128 | $19.29 | 1,179 |
| 5 | Huntington National Bank | $37,311 | $17.94 | 525 |
| 6 | JPMorgan Chase & Co. | $36,082 | $17.35 | 3,690 |
| 7 | U.S. Bank | $33,419 | $16.07 | 3,494 |
| 8 | Bank of America | $33,137 | $15.93 | 4,929 |
| 9 | Wells Fargo | $32,835 | $15.79 | 13,143 |
| 10 | Commerce Bank | $32,690 | $15.72 | 264 |
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Becoming a Personal Banker FAQs
How long does it take to become a Personal Banker?
It takes 4 years of professional experience to become a personal banker. That is the time it takes to learn specific personal banker skills, but does not account for time spent in formal education. If you include the normal education requirements to complete a college degree, then it takes 7 to 9 years years to become a personal banker.
Do personal bankers make good money?
Yes, personal bankers can make good money. A motivated personal banker can make more than $50,000 in total compensation their first year, and more than that after establishing a broad customer base.
Is a personal banker a sales job?
No, a personal banker is not primarily a sales job. While there is a sales component to the job, this role is primarily focused on giving financial assistance and advice to bank customers.
Is a personal banker a teller?
No, a personal banker is not a teller. Personal bankers are bank employees; however, unlike tellers, who typically handle routine transactions, personal bankers handle more complex tasks like providing customer service and selling bank products that are beneficial to customers.
What qualifications do I need to be a personal banker?
The qualifications needed to be a personal banker typically include obtaining a bachelor's degree. As long as a person gains the necessary qualification, they can become a personal banker.
Have more questions? See all answers to common sales questions.
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