Do You Know
Private Banking is an exclusive banking service for the wealthy. The target client segment for Private Banks are the High Net-worth and the Ultra High Net-worth clients.
Most Private Banks are an extension of their banking services, by providing exclusive services for their wealthiest clients. Some Private banks focus only on providing Private Banking services, commonly known as Boutique Private Banks.
What is the salary of a Private Banker?
Private Bankers in different countries are paid differently. In international financial center such as Switzerland, London, Hong Kong and Singapore, the pay ranges from $120,000 – $250,000 for a junior Private Banker. The senior Private Banker pay can range from $250,000 – $600,000. With bonuses, the top Private Bankers can take home $2 Million – $10 Million.