Hi guys! I am looking for insight on the long-term salary progression of Private Banking. WSO has a lot of data on entry-level compensation, but I was hoping someone could share comp numbers for 5+ years of experience and maybe even MD comp ranges.

At most PB shops compensation becomes more and more tilted toward bonus/commission the higher you rise. I have not had a base salary raise in many years, but my compensation continues to grow. You can expect VP/ED base salary to be anywhere between $150k-$200k at most PB shops. This is where the similarities end. Every shop will have a different bonus/commission structure. These structures will change slightly each year.

Private Banking Salary Progression

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Private Banking Salary Progression

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