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Commercial Banking Relationship Manager
$126,647 (USD)/yr
$60.89 (USD)/hr
$9,081 (USD)/yr
The average commercial banking relationship manager gross salary in Monroe, Michigan is $126,647 or an equivalent hourly rate of $61. This is 1% lower (-$1,522) than the average commercial banking relationship manager salary in the United States. In addition, they earn an average bonus of $9,081. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Monroe, Michigan. An entry level commercial banking relationship manager (1-3 years of experience) earns an average salary of $88,127. On the other end, a senior level commercial banking relationship manager (8+ years of experience) earns an average salary of $157,573.
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This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
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Salary Potential
$142,259 (USD)
12 %
Based on our compensation data, the estimated salary potential for Commercial Banking Relationship Manager will increase 12 % over 5 years.
Most Popular Skills for Commercial Banking Relationship Manager
Education
This chart displays the highest level of education for:
Commercial Banking Relationship Manager, the majority at 100% with bachelors.
Typical Field of Study: Banking and Financial Support Services
See how education can impact your salary
Salary Difference by Location
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City Overview
The cost of living in Monroe, Michigan is 16% less than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living PageMonroe is the largest city and county seat of Monroe County, Michigan, United States. The population was 20,462 as of the 2020 census. The city is bordered on the south by Monroe Charter Township, but the two are administered autonomously. Monroe is the core city in the Monroe metropolitan area, which is coterminous with Monroe County and had a population of 154,809 in 2020. Located on the western shores of Lake Erie approximately 20 miles (32 km) northeast of Toledo, Ohio, and 40 miles (64 km) southwest...
Sourced from Wikipedia
Job Description
Manages branch or office of a commercial bank, and coordinates activities to implement institution policies, procedures, and practices concerning commercial loans and other bank products. Strengthens and maintains ongoing banking relationships, getting to know clients and their business needs. Directs, through subordinate supervisors, activities of workers engaged in implementing banking services and authorizing commercial loans. Reviews existing accounts of clients;... analyze each client's current financial status through spreadsheets and analytical programs to make sure they are taking advantage of all the products and services the bank has that can help each business grow and prosper with little risk; offers additional lines of credit when appropriate.
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Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Most Popular Skills for Commercial Banking Relationship Manager
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SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
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