Relationship bankers otherwise known as personal bankers are bank employees that are responsible for providing financial advice to members. It is your duty as a relationship banker to maintain effective working relationships with clients. Also, you are to build trust with clients and make sure their financial transactions are steered towards the bank you represent. To do this, you must have adequate knowledge of the services offered by your bank and assist clients in managing their accounts. Furthermore, you will need to think up and implement events to promote business growth and further strengthen the bank-client relationship.

A career as a relationship banker requires you to have a bachelor's degree in business, finance, or a related field. You need to exhibit good communication and customer service skills. It is also crucial to possess excellent math skills and you must be detail-oriented. Relationship bankers earn an average annual salary of $33,753 or $16 hourly.

What Does a Relationship Banker Do

There are certain skills that many relationship 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, initiative and analytical skills.

Learn more about what a Relationship Banker does

How To Become a Relationship Banker

If you're interested in becoming a relationship banker, one of the first things to consider is how much education you need. We've determined that 63.8% of relationship bankers have a bachelor's degree. In terms of higher education levels, we found that 6.9% of relationship bankers have master's degrees. Even though most relationship bankers have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Relationship Banker

Relationship Banker Career Paths

Average Salary for a Relationship Banker

Relationship Bankers in America make an average salary of $37,091 per year or $18 per hour. The top 10 percent makes over $48,000 per year, while the bottom 10 percent under $28,000 per year.
Average Relationship Banker Salary
$37,091 Yearly
$17.83 hourly
$28,000
10 %
$37,000
Median
$48,000
90 %

What Am I Worth?

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Relationship Banker Education

Relationship Banker Majors

38.2 %
13.4 %

Relationship Banker Degrees

Bachelors

63.8 %

Associate

17.0 %

High School Diploma

8.8 %

Top Colleges for Relationship 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 Relationship 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, 12.5% of relationship bankers listed financial services on their resume, but soft skills such as customer-service skills and initiative are important as well.

Choose From 10+ Customizable Relationship Banker Resume templates

Zippia allows you to choose from different easy-to-use Relationship Banker templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Relationship Banker resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Relationship Banker Demographics

Relationship Banker Gender Distribution

Female
Female
53%
Male
Male
47%

After extensive research and analysis, Zippia's data science team found that:

  • Among relationship bankers, 53.4% of them are women, while 46.6% are men.

  • The most common race/ethnicity among relationship bankers is White, which makes up 72.0% of all relationship bankers.

  • The most common foreign language among relationship bankers is Spanish at 60.2%.

Online Courses For Relationship 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)
udemy
4.5
(1,842)

Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...

Relationship Marketing Strategy for Financial Services
edX (Global)

Marketing now is less about the Product or Service and more about the value it creates for the Customers. Ergo, it is imperative for Financial Services’ professionals to move from transaction management to relationship management and create meaningful relationships with the sole objective of enhancing customer value. Relationship marketing is a long-term marketing strategy, for building personalized relationships with customers. The aim is to achieve customer loyalty and trust by providing an...

Understand Banks & Financial Markets
udemy
4.4
(1,282)

Learn about money, (central) banks and financial markets: participants, products, trading motives, pricing and structure...

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Best States For a Relationship Banker

Some places are better than others when it comes to starting a career as a relationship banker. The best states for people in this position are New York, Connecticut, New Hampshire, and Rhode Island. Relationship bankers make the most in New York with an average salary of $56,986. Whereas in Connecticut and New Hampshire, they would average $48,942 and $45,573, respectively. While relationship bankers would only make an average of $45,047 in Rhode Island, 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 Relationship Banker Jobs:
664
Highest 10% Earn:
$82,000
Location Quotient:
1.15 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

2. Connecticut

Total Relationship Banker Jobs:
188
Highest 10% Earn:
$70,000
Location Quotient:
1.26 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

3. Rhode Island

Total Relationship Banker Jobs:
64
Highest 10% Earn:
$64,000
Location Quotient:
1.17 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
Full List Of Best States For Relationship Bankers

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Top Relationship Banker Employers

Most Common Employers For Relationship Banker

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1J.P. Morgan$38,547$18.5341
2M&T Bank$37,633$18.09639
3JPMorgan Chase & Co.$37,426$17.991,511
4BankUnited$36,683$17.6455
5Bank of America$36,547$17.57759
6Wells Fargo$36,044$17.33132
7BMO Harris Bank$35,898$17.2653
8Huntington National Bank$35,629$17.13140
9Associated Bank$35,602$17.1268
10Regions Bank$35,414$17.03243

Relationship Banker Videos

Becoming a Relationship Banker FAQs

Do you need a degree to be a relationship banker?

No, you do not need a degree to be a relationship banker; however, you need a minimum of a high school diploma plus previous banking experience. Banks train relationship bankers in-house, but an associate's or bachelor's in finance, business, or a related degree can lead to more opportunities and higher salaries.

Is being a relationship banker hard?

Yes, being a relationship banker is hard for those who can't handle the pressure of guiding others financially. As a relationship banker, you are handling personal and business affairs for your clients in regards to investments, loans, and trust management. It's a job that is both interactive, socially, and analytical.

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