Private Banker Salary in New York, New York

How much does a Private Banker make in New York, NY?

As of April 01, 2025, the average annual salary for a Private Banker in New York, NY is $94,636. Salary.com reports that pay typically ranges from $80,080 to $109,893, with most professionals earning between $66,827 and $123,784.

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Salary range for a Private Banker

$80,080 to $109,893

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What is a Private Banker?

A Private Banker is responsible for managing the financial needs of high-net-worth individuals and providing personalized banking and investment services. They work closely with clients to understand their financial goals and develop customized wealth management strategies. Private Bankers also offer advice on investment opportunities, estate planning, and risk management, and may collaborate with other financial professionals, such as investment advisors and tax specialists, to provide comprehensive financial solutions. Additionally, they are responsible for building and maintaining strong relationships with clients to ensure their long-term satisfaction and loyalty.

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Job Openings for Private Banker in New York, NY

What does a Private Banker do?

Common responsibilities of a Private Banker

Adhere to regulatory requirements and internal policies to ensure compliance with industry standards and best practices.

September 10, 2023

Stay informed about market trends, economic developments, and regulatory changes to provide informed advice to clients.

September 19, 2023

Provide personalized financial advice and investment solutions tailored to the client's individual circumstances.

September 22, 2023

Assist clients with banking services, such as lending, cash management, and wealth transfer strategies.

October 03, 2023

Act as a trusted advisor and advocate for clients, representing their interests within the bank and providing exceptional service.

October 09, 2023

Build and maintain relationships with high-net-worth clients to understand their financial needs and goals.

October 20, 2023

Monitor and review client portfolios to ensure they are aligned with their financial objectives and risk tolerance.

November 01, 2023

Continuously educate and inform clients about financial planning, investment strategies, and wealth management options.

November 11, 2023

Collaborate with other professionals, such as investment advisors, estate planners, and tax specialists, to provide comprehensive wealth management solutions.

November 15, 2023

Manage and grow a portfolio of high-net-worth clients by identifying opportunities for additional services and products.

November 16, 2023

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Private Banker Salary By Experience Levels in New York, NY

How much should you be earning in Private Banker in New York, NY based on your current experience?

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Private Banker Salary By Level of Education in New York, NY

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Private Banker in New York, NY

Average Base Salary

Core compensation

80080

109893

94636

Average Total Cash Compensation

Includes base and annual incentives

88637

129282

109341

What is the average salary for Private Banker in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Private Banker in New York, NY. The base salary for Private Banker ranges from $80,080 to $109,893 with the average base salary of $94,636. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $88,637 to $129,282 with the average total cash compensation of $109,341.

View Average Salary for Private Banker as table

	Average Salary	Average Salary Range
Base Salary	$94,636	$80,080 - $109,893
Bonus	$14,705	$8,558 - $19,389
Total Pay	$109,341	$88,637 - $129,282

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Private Banker Salary Near New York, NY

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO New York, NY
CITY, STATE West New York, NJ	AVERAGE SALARY RANGE $80,080 - $109,893	COMPARE TO New York, NY 0%
CITY, STATE Hoboken, NJ	AVERAGE SALARY RANGE $80,080 - $109,893	COMPARE TO New York, NY 0%
CITY, STATE Union City, NJ	AVERAGE SALARY RANGE $80,080 - $109,893	COMPARE TO New York, NY 0%
CITY, STATE Jersey City, NJ	AVERAGE SALARY RANGE $80,080 - $109,893	COMPARE TO New York, NY 0%
CITY, STATE Bronx, NY	AVERAGE SALARY RANGE $80,080 - $109,893	COMPARE TO New York, NY 0%
CITY, STATE Brooklyn, NY	AVERAGE SALARY RANGE $80,080 - $109,893	COMPARE TO New York, NY 0%

See salaries for Private Banker in locations close to New York, NY. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About New York, New York

The City of New York, usually called either New York City (NYC) or simply New York (NY), is the most populous city in the United States. With an estimated 2017 population of 8,622,698 distributed over a land area of about 302.6 square miles (784 km2), New York is also the most densely populated major city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, the largest metropolitan area in the world by urban landmass and one of the world's most populous megacities, with an estimated 20,320,876 people in its 2017 M...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Private Banker II	LOCATION New York, NY	MINIMUM SALARY $82,176	MAXIMUM SALARY $103,839
JOB TITLE Private Banker III	LOCATION New York, NY	MINIMUM SALARY $101,248	MAXIMUM SALARY $124,372
JOB TITLE Private Banker IV	LOCATION New York, NY	MINIMUM SALARY $135,820	MAXIMUM SALARY $167,272
JOB TITLE Private Banker I	LOCATION New York, NY	MINIMUM SALARY $70,174	MAXIMUM SALARY $88,495
JOB TITLE Entry Private Banker	LOCATION New York, NY	MINIMUM SALARY $82,200	MAXIMUM SALARY $103,900
JOB TITLE Associate Private Banker	LOCATION New York, NY	MINIMUM SALARY $80,080	MAXIMUM SALARY $109,893

The Private Banker job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in New York, NY that might be a good fit for the type of job and salary you are looking for.

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