How much does a Relationship Banker make in Memphis, TN?
Job seekers looking to become a Relationship Banker in Memphis, TN, can expect to earn a competitive salary. The average yearly salary for this position stands at around $42,781. This figure reflects the varied experience levels and responsibilities within the role.
Individuals at different stages of their career can expect to see their earnings fluctuate. Entry-level Relationship Bankers might start closer to $33,550 annually. As they gain experience, their salaries can rise significantly, with top earners reaching up to $54,600. This range indicates ample opportunity for growth and advancement in the banking industry.
What are the highest paying cities for a Relationship Banker near Memphis, TN?
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New Orleans, LA
Average Salary: $50,722
In New Orleans, this role brings a unique charm. You'll get to know the local culture and clients deeply. Banks like Wells Fargo and Chase offer opportunities to grow.
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Nashville, TN
Average Salary: $48,616
Nashville has a vibrant economy. Here, banking professionals thrive in a friendly environment. Companies like Regions Bank and Bank of America provide great support.
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St. Louis, MO
Average Salary: $48,017
St. Louis offers diverse banking opportunities. You'll enjoy a strong professional community. Banks such as Bank of America and PNC offer robust career paths.
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Tulsa, OK
Average Salary: $45,577
In Tulsa, the banking sector is expanding. This city values strong client relationships. Local banks like Bank of Oklahoma and BOK Financial offer great experience.
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Birmingham, AL
Average Salary: $44,944
Birmingham has a growing financial sector. Working here means being part of a dynamic community. Banks like BBVA and Regions Bank are leading employers.
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Huntsville, AL
Average Salary: $44,687
Huntsville offers a chance to connect with a tech-savvy clientele. This city values innovation. Local banks provide a friendly work environment.
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Decatur, AL
Average Salary: $43,914
Decatur has a close-knit community. Working as a banker here means building lasting relationships. Local banks offer a supportive work culture.
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Chattanooga, TN
Average Salary: $43,760
Chattanooga’s banking scene is growing. The city values strong community ties. Banks like BBVA and AmSouth offer good career prospects.
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Knoxville, TN
Average Salary: $43,437
Knoxville offers a welcoming atmosphere. This city has a strong banking sector. Local banks like Bank of America and Regions Bank provide good opportunities.
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Little Rock, AR
Average Salary: $43,417
Little Rock has a vibrant banking industry. Here, you'll build lasting relationships. Banks such as Arvest Bank and Simmons Bank offer good career paths.
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What are the best paying companies for a Relationship Banker in Memphis, TN?
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Truist
Average Salary: $68,388
Truist offers promising opportunities for Relationship Bankers in Memphis, TN. This financial institution focuses on providing excellent customer service. Its Relationship Bankers work in various branches across the city, helping clients with their banking needs.
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First Horizon Bank
Average Salary: $56,758
First Horizon Bank offers Relationship Banker roles with competitive salaries in Memphis, TN. The bank has a long history in the region, offering banking services to many customers. Relationship Bankers here build strong connections with clients, providing personalized banking experiences.
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Bank of America
Average Salary: $52,736
Bank of America provides numerous opportunities for Relationship Bankers in Memphis, TN. This global financial leader supports its Relationship Bankers in achieving their career goals. They work in various branches, helping customers with their financial needs.
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Regions Financial
Average Salary: $42,290
Regions Financial offers Relationship Banker positions with a supportive work environment in Memphis, TN. The bank aims to build lasting relationships with clients. Relationship Bankers here focus on delivering exceptional service, helping customers achieve their financial goals.
What are the best paying Relationship Banker related jobs in Memphis, TN?
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Wealth Management Advisor
Average Salary: $118,444
They help people manage their wealth. Wealth management advisors work with individuals and families to develop plans for investments and savings. They often serve clients through major financial institutions in Memphis, such as Bank of America or Regions Financial Corporation.
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Portfolio Manager
Average Salary: $107,454
They oversee investment portfolios for clients. These professionals make decisions about buying and selling assets. They seek to maximize returns while managing risk. Many work with companies like Fidelity Investments or Merrill Lynch in the city.
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Trust Officer
Average Salary: $105,000
They manage clients’ trusts and estates. Trust officers ensure that assets are managed according to clients’ wishes. They often work with high-net-worth individuals. They may be found at local banks such as Third Horizon Bank or other financial institutions.
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Relationship Manager
Average Salary: $77,850
They build and maintain strong connections with clients. These managers focus on understanding client needs and providing tailored services. They work to ensure client satisfaction and retention. Companies in Memphis like U.S. Bank and PNC Bank often hire relationship managers.
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Financial Advisor
Average Salary: $77,253
They provide advice on financial planning and investments. Financial advisors help clients achieve their financial goals. They work with a range of clients, from individuals to businesses. They often serve clients through local firms like Edward Jones or Raymond James.
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Credit Analyst
Average Salary: $77,051
They assess the creditworthiness of clients. Credit analysts review financial information to determine the risk of lending money. They often work for banks and financial institutions, such as Amegy Bank or First Tennessee Bank in the area.
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Insurance Agent
Average Salary: $68,215
They sell insurance policies to individuals and businesses. Insurance agents explain policy options and help clients choose the best coverage. They often work for local agencies like State Farm or Allstate.
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Sales Professional
Average Salary: $67,678
They sell products and services to clients. Sales professionals often work in financial services, helping clients find the right financial products. They may work for banks, insurance companies, or other financial firms in the city.
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Branch Manager
Average Salary: $64,090
They oversee daily operations at a bank branch. Branch managers ensure smooth service and customer satisfaction. They lead a team of tellers, loan officers, and other staff. Many work for local banks like Hancock Bank or Community Bank & Trust.
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Client Service Associate
Average Salary: $58,096
They handle customer inquiries and transactions. These associates provide excellent service to clients, helping them with banking needs. They often work for banks and credit unions, such as First Horizon Bank or Nashville Federal Credit Union.
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