Relationship banker reddit. Banking) submitted 3 months ago by daddyD553.
Relationship banker reddit. and International, Federal, State, or local.
Relationship banker reddit Learn about Bank of America culture, salaries, benefits, work-life 184 reviews from JPMorganChase employees about working as a Relationship Banker at JPMorganChase. I’m wondering if a RB is a good spot to start if my ultimate goal is to become a financial advisor. We're supposed to +1 from the clients. I got this job as a relationship banker but have heard a lot of red flags about the position. I currently work as a banker in another large bank and I have about 4 years restaurant management experience as well as my associate’s degree in business administration. I am a teller 2-3 days a week even though we have 5 personal bankers just like me at our branch. 3 comments I applied to BoA as a relationship banker and got an offer of $24 an hour. As far as the relationship banker position, that is a bit more attainable but they will still look for some sort of customer service experience, sales, and previous banking experience preferably. Some people make more. Community, regional investment, commercial or consumer, come on in. I got offer for Relationship Banker at Bank of America and a medical clinic. I am looking for tips to ace/stand out during the interview Interview Advice Get the Reddit app Scan this QR code to download the app now. and International, Federal, State, or local. Even referring to a private wealth advisor is going to vary big time by location. Got a Relationship Banker job offer and need to fill out the background check. Anyone works or has worked for Wellsfargo? Been recently offered a hourly associate personal banker position with a salary which has me second guessing if I should take it or not specially since I’ll have to buy a suit and all that jazz and spend a pretty penny on it, and the salary is only a few dollars more than what I make as a manager at a restaurant. Ideally 50% platform. I’m assuming asking for 80k-90k would be realistic due to me already having all the licenses and being a relationship banker without a premier so I basically Personal bankers can bring in 3-12k a quarter. I'm on my 4th relationship manager now (within 8 months) We are looking for brand champions, relationship builders, and leading professionals with an understanding of market and economic trends that can build legendary customer experiences. You can become a mortgage officer, business banker, manager, wealth banker, wealth manager, financial advisor, even into operations. Currently a relationship banker at a top 4 bank, I have 1 year of teller experience and another year of banking experience, so 2 year retail jump to content. P. The IRS is experiencing A place to discuss the in and outs of banking. 55k base 1500 monthly commission Get the Reddit app Scan this QR code to download the app now. But I can’t seem to find a salary range to ask for. Would However, other branches will give you time to actually talk to high balance clients and work with the advisors and sit in during investment meetings like a knowledgeable banker should (imo). For those that have been or are in the position, is it a good job to take? Salary wise and the actual job itself? I am considering accepting a role at Chase Bank as a Relationship Banker to break into the industry after 6 months at a sales and management job out of college. What to expect? Career Progression Controversial. They're 100% platform. My manager wants us RBs to push for sales even though “they went away from sales”. We would like to show you a description here but the site won’t allow us. I would consider it if you are looking for a long career and using the compensation to invest in things that will produce an Currently I’m a Relationship banker with Chase making around 90k after base and commission. It has been so hard to push their sales onto clients that can’t even afford a credit card. A relationship banker in my experience is a dual role that works the teller line and may open accounts whereas a relationship manager may be next in line underneath the branch manager and focuses on developing relationships with small business or if they are licensed, may discuss investment options and eventually refer to an FA, all this in Is assuming it’s “relationship banker” which I have been applying to. A relationship banker should have an in-depth understanding of financial terminology, trends and processes, as well as financial information about the banking system, the types of services that are offered and how to use those services in a practical way, to help their clients find financial solutions. Depends on where your branch is located, your market in general and how much you are willing to build relationships after hours in non work environments. You will get paid your commissions monthly which is nice, and you can make anywhere from $1000-$3000 if you’re decent at your job and don’t put in much effort. You have a lot of options to move, promote within, and pivot to other areas like financial advising and business or commercial banking. Truist used to be a good place to work at, but it has gone extremely downhill with layoffs coming (the first major wave is actually getting announced today if rumors are to be believed) a long with moving over half of the IT force overseas. That said, there's some banks who just A lot of banks have eliminated tellers & have their bankers work as tellers on top of their regular banker work. The regional manager and store manager that hired me seemed awesome during the interviews and I feel they will be easy to work with. Now, I kind of regretted it. Caller claimed to be a relationship banker just north of me that I’ve never even set foot in. That said, in a LCOL area the position is paying 45-75k which seems more than fair given the workload. Looking to apply for the relationship banker position at Chase. April 7, 2025. While I do have suits, we don't wear them. All just depends on the branch you’re in and your manager / the people you work with. To better understand your situation and what you want from the bank. I have 3 years of experience as a teller 2 years at Wells Fargo and one year at a Regional Bank. Due to some circumstances , I chose the medical clinic instead of BoA. I am a top 666 reviews from Bank of America employees about working as a Relationship Banker at Bank of America. I have applied to a couple positions for bank teller and relationship banker positions but can't seem to get an interview. I’ve been trying to find online but all I see is Chase and Bank of America relationship bankers. You have to offer banking products to customers (credit cards, loans, auto/home refinance, heloc, etc. I wanted to get some insight from those who People who worked as a relationship banker for Huntington. If you have to work there, get licensed and go to fidelity or Schwab. I’m wondering if anyone can provide me any insight of what the pay is at these companies and how much I can negotiate. I’ve seen some get hired by customers to be a CFO before (on smaller customers). Hello! I’m a recent college graduate with a degree in Business Administration, specifically Global Business Management with an emphasis in Entrepreneurship. Sometimes the pay is good, sometimes it’s bad. 193 users here now. The relationship banker is the same job as the Chase Private Client advisor that emails me every couple of months? Hardly ever had a sales pitch from the two that have been assigned to my account. I’m interesting in fintech, risk management and analytics, financial advisory, or financial management. Mainly when hiring for a RB the skills include sales, high end customer service, referral generation, problem resolution and analytical thinking. Relationship Bankers do not. Hello, im currently a rb for another bank and have an upcoming interview at chase. I recently applied for a Senior Client Service Associate with a JP Morgan Advisor team (they’re a team that came with First Republic when they got absorbed by JP Morgan). This is a good thing career wise. I’m 23m and am fully licensed for the job. just need different opinions I think. What was the pay like and did you like the job or not . They dress casual, so we dress business casual, though we can wear jeans on certain days if our top is nice or has our company logo. I’m worried because I was terminated that BOA will rescind my offer. Job Description I struggled in getting any final offers or internships during my 4 years in college. slide6 of 6. jtp0000 • Do it all banker. I have the opportunity to try out for an RB role at Chase and would like to know about some of your experience in the RB role. It may lead to some new products for them, but also convenience for you. Take the promotion and exposure it gives to financial sales. Worked for 5/3 Bank as a Banker and then US Bank as a Senior Banker (Lowest Branch Management position before Assistant and Branch Manager) for two years each. View community ranking In the Top 1% of largest communities on Reddit. Only thing that has me going Former PB here, current MLO. Im 22 years old just graduated with an economics degree. I personally know people at my company at each of those positions who used to be a personal banker. The industry as a whole is taking that licensed banker role, desk professional and making it more retail and customer service. I have been a teller at a local bank of mine for over a year now, with promises to move up positions plus a raise, which I haven’t received at all, though everyone else has. Senior Bankers get quarterly bonus incentives for sales. ). You can do everything. 15 years of experience on the TS side, happy to answer questions as well. Their regular bankers or Relationship Bankers as they call them split their time as a teller and being in the offices or lobby. So long story short. See more jobs. It took me 8 years but I went from entry level to vp making over 450k and I was, at one point, a relationship banker Chase calls the role “relationship banker”. Chase starts AB’s at $20 or more with experience but only hire for 20 and 30 hour positions but still give you benefits, FloatAB Relationship banker or Lead operations is next step to 40 hours. The pros and cons? Our friendly Reddit community is here to make the exciting field of business analysis accessible to everyone. It sounds like a lot of banks have also started more telemarketing tactics, where they have their bankers call their customers to "check in. Join BANK and think like a customer, act like an owner, innovate with purpose and execute with an impact. I just want to know what I can do to get the job at Bank of America as a Relationship Banker and also are their career paths for Relationship Bankers at Bank of America, anyone who worked at Bank of America, please chime in. With the CFPB workforce reduced by 90%, what should consumers expect to change? Retirement It depends on the bank, but essentially it’s another title for personal banker. Show you are interested, can talk to people casually, and you’ll do fine in the role. Wells Fargo and BoA are both toxic from what I’ve heard. get reddit premium. 7 days ago. I recently applied for a Relationship Banker role at Bank of America and was wondering about an advice for career growth? We would like to show you a description here but the site won’t allow us. The bank has reached out to me and mention that starting salary is $42k a year plus bonus/commission. Get the Reddit app Scan this QR code to download the app now. Banking join leave 116,616 readers. 1 / 2 1 / 2. However, the relationship banker can refer business to the private client banker and get commission for everything the private client banker does. Hated every moment of it but got both jobs with no degree at all and no banking experience. This would be in NYC in a pretty busy location in the city so bonus if someone has Typically I see those in this role spend time as a banker, so lots of work finding high value clients, and then get into premier. At the horse and carriage ( read between the lines there) looking into moving from a relationship banker into premier banker. A relationship banker is all about generating a book of business and then using that book of business to generate revenue for the bank and referrals to help grow your business. Morgan Chase Jobs: Private Client Banker (PCB) vs. Senior Bankers are not cash capable associates meaning no teller duties. The hierarchy is CSR(teller), Relationship Banker, Relationship Manager, Assistant/operations manager, branch manager. What does a licensed relationship banker do? I'll be getting a degree in English and somehow I got an offer from citizens bank to be an associate licensed relationship banker. How much do Relationship Bankers get paid? Base and Incentive . Mostly desk-side opening accounts, but you’ll have a cash line rotation too. Posted by u/___Cesar - 1 vote and no comments So the whole “banking relationship” thing is kinda vague and a lot of it is just speculation based on anecdotes, other than like BofA who posts concrete rewards based on account size. Q&A. Unfortunately licensed banking is not a I just had my 2nd interviews at both Wells Fargo and BoA for a “relationship banker” position. Relationship Banker (RB) I’m curious about the roles of RB and PCB at Chase in Los Angeles California. Relationship Banker - Collins Ave and 69th St - Miami Beach, FL. Or check it out in the app stores Interviewing with Santander for Relationship banker. I’m essentially a private client banker for retail clients with $250k + with or outside of the bank. This is my updated resume, any feedback would be Strong performers can get the chance to manage a team of relationship managers at some point or can pivot to a senior credit officer / Risk Manager role if they have good credit acumen and little desire to still travel. I have no idea what that title means or what my career path options are and at this point I'm too Relationship Banker Role . (self. So I was offered the relationship banker role at BoA yesterday. Go the other route and get CFA, relationship managers are a dime a dozen. Wrote down a bunch of questions I have for the interviewer once it gets to that part/examples of how I brought in new I’ve been working as a relationship banker a year and a half. Banking) submitted 3 months ago by daddyD553. They are implying its fixed, but I’m imagining that’s how they want it to look. Get an ad-free experience with special benefits, and directly support Reddit. I have a chance to possibly get promoted from universal banker to a relationship banker but I honestly can’t decide if I would even want it. I am not the most senior banker or the newest banker. Number 1, JPM - Private Bank is a different role than JPMC (Emphasis on the C "Chase" part). Think of it as a universal banker. " Branch Manager here. While filling it out, I noticed it mentions how I left my previous job. If you’re talking about a branch location, you could likely be a loan officer or a relationship banker but to be Frank, both of those positions seem like a waste of a finance degree. The only thing I'll add is that banker/relationship manager and treasury sales positions exist in commercial banking front office as well, both of which can pay well for CB. Im optimistic but also slightly intimidated by all the material and testing that I need to pass. Old. Some pivot to private credit originations Resume Review for Bank Teller/Relationship Banker So, I am currently double majoring in Finance and English, and my goal is to get into commercial banking. Should I apply to it? Would it affect the decision because I turned down their offer Hey everyone, I'm up for my last interview with Bank of America for a Relationship Banker position. Frost is much more relationship oriented than most banks, meaning they tend to lend to customers/businesses they know well and have an established relationship with. Associate Banker at Chase is a teller that occasionally does banking things. Yea like he said, it’s a hybrid banker/teller role. Archived post. Share Sort by: Best. I know that I probably don’t want to be a teller for the rest of my time there, if I do decide to stay with the company but then in the off chance if I decide to leave or decide I don’t like it, I A relationship banker is completely different from a relationship manager and not really a good career path, it’s practically going into retail banking. I just got an offer with Chase for a relationship banker position, and I need to get the SIE, Series 6, 63, Health & Life registrations and insurance licenses. I am confident I will land it due to two connections inside the firm Hi, I recently started working as a Relationship Banker at Bank of America. I did an HireVue interview(so basically recording myself answering their pre-selected questions) and it went well. Just had an interview with Chase for their relationship banker role. I make $80k + quarterly bonuses dependent on referred investment assets and booked credit products. New comments cannot be posted and votes cannot be cast. Or check it out in the app stores US Bank Client Relationship Consultant 2. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. JPMC has a branch level Private Client Banker role that has 150k minimums, and expects 1-2 new first time investors per month. Average salary is somewhere around 48-50k. Business banker is going to have the same road path as a premier banker but they need history working with business clients and finding business clients. I have an interview with Simmons in my area for a “Relationship Banker II” position. If it works out that a relationship banker role opens up in the same branch after one year, great, but there’s a lot of competition to move up-including by RBs in underperforming branches. I help with their banking and lending needs and try to convince them to bring their investments over. Open comment sort options More reliable than Reddit comments. Reply reply So, a couple things. Long story short, I have a interview for a relationship banker position at chase and would like to know how much they earn on average? Share Sort by: Best. I accepted the offer for relationship banker II base and commission is actually pretty decent tbh. Aka you don’t need a degree to do it. In the email he left behind, his contact information is for a branch that was shut down. Hey everyone, not sure who to ask about this so I thought I’d come to the pros on Reddit. Reply reply hikikomourning Hi, I applied for a Relationship Banker position at Bank of America. Teller won’t get you anywhere but a banker position likely. Personal banker (349) Relationship banker (249) Analyst (197) Intern (190) Relationship manager (182) Summer analyst (180) Software engineer (167) Investment banking summer analyst (163) Customer service representative (150) Bank teller (138) Investment banking analyst (95) Internship (88) Business analyst (85) Technology analyst (83) Software I’ve heard nothing good from any licensed banker role at the big 5 banks, especially WF and BOA. As is common in any retail position, usually the location will be short-staffed. I’m looking for some insight into a career as a relationship manager. I think the prospective JPM Private Banker candidate might be better off getting a licensed (FINRA and/or insurance) job instead of taking a half step back J. . Better route would be credit or financial analyst -> RM (if you wanted to do regional commercial banking I am someone who went from being a branch banker/ABM to Commercial Banking. 7, LAH, and will have 66 in a couple of weeks. CRE/mortgage banker the sky is the limit. This is actually my first time working in banking, and I chose Bank of America because I believe it's a solid company I found that BoA had an open position for Relationship Banker for different locations. Yeah be wary of these DBS relationship managers, I decided to get a plan with one who was quite convincing, less than 1 month after that she quit and passed me off to someone else. BOA has higher base pay from understanding in their consumer banking roles, best of luck - JPM Private Bank Banker Or Private Client Banker? There is a distinction lol. Great place to work and start a career in Retail Banking, Good compensation, time off and often a good work environment depending on the manager. They just introduce themselves via call and email in the beginning, and I reach out if I need something looked at. But anyways, I have basically been a universal banker for the entirety of those 8 years but someone in our branch is going to retire soon and I have the opportunity to move up into that position if I want it. Relationship Banker. I'm seeing online that a lot of them start off at around $21 an hour which would be an upgrade for me seeing that I graduated with a BBA in management and have trouble finding a worthwhile job I am a personal banker which means I meet with clients for money and relationship management but I am also a teller. As a member of our community, you'll enjoy: 📚 Easy-to Right now, I’ve received offers from TD and Chase for different positions. If you’re talking about an office then it will likely be an opps role where you can make a A Relationship Banker is required to have a "plan for the day" everyday on who they are going to be contacting, what their goal of that contact is, and how they plan on deepening relationships with appointments and walk in customer that come in. Open comment sort options Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. For reddit, we’ll call this one south street. If you’re good with sales and speaking to customers, building relationships, and solving problems, you might have a shot. I would like to move up in the bank I’m currently in but not as a branch manager or anything but Hi, I am applying for a relationship banker position at Bank of America. Anything in the realm of the back office side of things really. I’m currently a credit analyst working my way up to relationship manager at a commercial bank in the southeast. source: am a relationship banker (a step down from PCB) at jpmc Definitely take the banker position man. : Banking. Senior Premier Banker. If you dont want to run transactions, Relationship Manager is the title you want at BofA. But in the voicemail he said I just received a job offer from WF for a personal banker 1 position and am transitioning from a completely different career path. However, you can’t just be 100% transactional as a teller would be. Please review subreddit rules before posting. I am not sure why I have to be on the teller line more often than other people. Learn about JPMorganChase culture, salaries, benefits, work-life Any good banker is doing it to build a relationship with you. Commercial can bring in 6-20k a quarter. Beware of that title though, depending on the company/even just the branch it could be anything from a basic teller to a mix to trying to help customers/push products. I recently applied to be a relationship banker at Bank of America. Do you guys know if over time is allowed and also if there are extra incentives like bonuses? I am from California. Never even as a teller, had to learn that jointly with the banker position I was hired for. Also will having experience as a relationship banker help me land internships compared to just having experience as a retail manager? Get an ad-free experience with special benefits, and directly support Reddit. How is the sale culture at Chase ? Is it a lot of pressure ? Just trying to get a picture of what is it to work over there. To give background, I worked for Citizens Bank for two years, before being let go, afterward finishing my bachelors degree in Business Admin. Plus commercial banking has few exits. I’m interviewing for this senior banker role today. I’m located in the South Florida area for reference. Not all branches have relationship managers, and So to bring this all back around, is aiming for a Relationship Banker a good first step into the world of finance or should I adjust course and apply for something else? My experience is listed in greater detail below. Relationship banker at BofA you are a glorified teller. There are literally so many openings from PB. Banker position gets you in touch with a bunch of different departments and selling different Chase relationship banker pay . Worked as a licensed Relationship Banker at JPMC did if for 3 years. If you live in an area that is considered a strategic location then there are endless roles you can apply to and it’s fairly easy to apply to non retail roles and move around. Miami Beach, FL. I currently work as a relationship banker at a large regional bank, but I’m also in school. Both ridden with scandal. my subreddits. I’m a relationship banker, and I am just about done with it. I just wanted to get a better picture of what the total compensation at Chase is. The private client banker doesn’t have “caps”, while the relationship banker has a per-household cap. Or check it out in the app stores Relationship manager/Commercial banker career insight . Reply reply Relationship Banker Pay ? Hi, I have interviews with Wells Fargo, PNC, and Bank of America set up over the next few weeks for a relationship banker position. Reddit . Sales experience: 3 years, combination of high-volume cold-calling and texting/emailing sales. Salaries were not discussed yet other than a broad range but I’m wondering what to expect compensation wise and how much negotiating I can do if I get called for the position. Generally a person who opens new accounts, services accounts, answers customer questions and occasionally I am a relationship banker at Chase Bank in Michigan. I realized that my manager now after sometime is trying to get me fired since my sales numbers are Relationship banker at Chase you will have to get licensed. Jobs People who worked as a relationship banker for Huntington. S. reReddit: Top posts of September 23, 2019. TD is offering me a relationship banker role while Chase is offering me an Associate Banker position. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity The goal is to monitor the health of the customers the bank lends to, keep them happy, and try to win additional business from them. and Applying for Relationship Banker or Branch Manager I’m looking to hear the perspective of those working at Chase on what qualifications bankers and managers usually have. As a Relationship Banker, you will make a base salary of between $40-60k annually (California is closer to $80k). Your location determines your ability to move from Retail to Commercial Banking or OPs. Great place to work. FinancialCareers join leave 1,567,258 readers. I tried applying for PCB but they needed me to work as a relationship banker for at least a year before jumping into the PCB role. Relationship banking is a great opportunity to start in finance and work as a banker. edit subscriptions. My base salary is about 40k/year ($20/hour) but my commission works out to be about $60k per year. Do they actually get the specific results of the background check or is it just a “pass or fail” scenario? View community ranking In the Top 1% of largest communities on Reddit.