How much does a Private Banking Manager make in Germantown, MD? The average Private Banking Manager salary in Germantown, MD is $183,268 as of April 24, 2024, but the range typically falls between $164,100 and $202,065. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Private Banking Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Private Banking Manager Salary $146,647 Germantown,MD April 24, 2024
25th Percentile Private Banking Manager Salary $164,100 Germantown,MD April 24, 2024
50th Percentile Private Banking Manager Salary $183,268 Germantown,MD April 24, 2024
75th Percentile Private Banking Manager Salary $202,065 Germantown,MD April 24, 2024
90th Percentile Private Banking Manager Salary $219,178 Germantown,MD April 24, 2024
25% $164,100 10% $146,647 90% $219,178 75% $202,065 $183,268 50%(Median) Didn’t find job title? Click
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What skills does a Private Banking Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Trading: Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.

3.

Professional Development: Professional development refers to continuing education and career training after a person has entered the workforce in order to help them develop new skills, stay up-to-date on current trends, and advance their career.

Customer Service 7.46%
Trading 1.49%
Professional Development 1.49%
Others 89.56%

Job Description for Private Banking Manager

Private Banking Manager manages a team of private banking officers who are responsible for individuals with high net-worth. Oversees and monitors the private banking officers' deposit and loan volume and ensures policies and procedures are met. Being a Private Banking Manager ensures that existing client relationships are sustained and nurtured. Acts as an advisor for complex credit decisions. Additionally, Private Banking Manager mentors and trains team. Requires a bachelor's degree. Typically reports to a director. The Private Banking Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Private Banking Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Private Banking Manager in Germantown, MD
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Career Path for Private Banking Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Private Banking Manager, the first career path typically progresses to Financial Advising Director.

Additionally, the second career path typically progresses to Private Banking Director.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Private Banking Manager salary varies from city to city. Compared with national average salary of Private Banking Manager, the highest Private Banking Manager salary is in San Francisco, CA, where the Private Banking Manager salary is 25.0% above. The lowest Private Banking Manager salary is in Miami, FL, where the Private Banking Manager salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Private Banking Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
164100
202065
183268

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
193634
275732
234773
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Private Banking Manager in Germantown, MD. The base salary for Private Banking Manager ranges from $164,100 to $202,065 with the average base salary of $183,268. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $193,634 to $275,732 with the average total cash compensation of $234,773.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

164100
202065

 

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How much should you be paid?

About Germantown, Maryland    Germantown is an urbanized census-designated place in Montgomery County, Maryland. With a population of 90,676 as of 2013 U.S. Census Bureau estimates....More

Germantown, Maryland  area prices were up 1.3% from a year ago    View the Cost of Living in Germantown, Maryland

Private Banking Manager Salary in popular cities: BaltimoreColumbiaSilver Spring

Skills associated with Private Banking Manager: Financial Advising, Develop Referrals, Portfolio Management, Customer Relationship Management (CRM) ...More

Salary estimation for Private Banking Manager at companies like : Embassy of New Zealand, OUT OF AFRICA Inc, America One Security Inc

Jobs with a similar salary range to Private Banking Manager : Private Client Manager