Commercial Banking Salary Guide
In this commercial banking salary guide, we cover several jobs in the commercial banking sector and their corresponding midpoint salaries for 2018. A commercial bank is a financial institution that provides a range of services, including granting loans, accepting deposits, and providing savings accounts and certificates of deposits to individuals and businesses.
Commercial Banking Salary Guide – Jobs in the US
Demand for various finance professionals remains strong among commercial banks, asset management firms, and lending companies. They include financial analysts and experts in risk and compliance, credit analytics, and data analytics. Financial institutions are also on the lookout for candidates who can handle tasks such as business development, relationship management, and operations. Jobs in the sector include commercial lender, private banker, relationship banker, loan officer, portfolio manager, and business development officer.
Most commercial bankers specialize in areas such as financial services sales and credit analysis. Candidates usually hold a degree in accounting, finance, business administration, or another related field. Strong interpersonal and communication skills are necessary, as commercial bankers spend a lot of time interacting with clients.
Top candidates in the sector must possess expertise not only in traditional finance but also knowledge and skills in technology. Employers prefer candidates with advanced Excel skills and experience with programming languages such as Python and SAS. When it comes to compliance professionals, institutions prefer those with a Certified Regulatory Compliance Manager certification.
Commercial Banking Salary Guide in the US for 2018
Salaries in the commercial banking sector vary depending on the years of experience and position. The table below shows the commercial banking salary guide for candidates with average experience and skill sets needed for the job. The figures do not include bonuses, incentives, and other forms of additional compensation.
|Job Title||Base Salary|
|Business Development Officer||$112,500|
|Commercial Lender (5+ Years)||$105,000|
|Commercial Lender (3 to 5 Years)||$75,000|
|Commercial Lender (1 to 3 Years)||$57,500|
|Private Banker (5+ Years)||$95,000|
|Private Banker (3 to 5 Years)||$70,000|
|Private Banker (1 to 3 Years)||$55,000|
Thank you for reading CFI’s commercial banking salary guide. To keep learning and advancing your career as a commercial banker, the following resources will be helpful: