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Banking seems like a secure, stable career; have you ever seen how much a personal banker can actually earn in Canada? The salary in the banking industry can indeed fluctuate based on some factors. To understand all factors, we will provide brief information about personal banker salaries in Canada based on the latest trends. This article deconstructs the usual salary ranges that personal bankers should anticipate at various career levels, ranging from entry-level jobs to senior positions at elite businesses. Let’s examine the data to learn more about what factors affect your compensation as a personal banker in Canada, including the average wage.
This Blog Includes:
What is The Average Salary For a Personal Banker in Canada?
Personal banker salaries in Canada can vary depending on experience and location. The average personal banker makes a comfortable 92,100 CAD annually or 7,675 CAD monthly. However, there’s room for growth, with top earners reaching 142,300 CAD annually (11,858 CAD monthly). Entry-level positions might start at around 46,700 CAD annually (3,891 CAD monthly). This range highlights the potential for career advancement and increased earning potential in personal banking.
Salary range variations may be caused by a variety of factors, such as the industry, region of Germany, degree of education, and job in issue.
Here are the Average Salary in Canada & Top Job Opportunities in 2024
Personal Banker Salary in Canada By Experience
The pay for a personal banker varies according to expertise. Focusing on salary range, we can see that the typical income for personal bankers in Canada is rising annually in accordance with experience level.
Personal Banker Salary in Canada By Education
In addition to having the necessary educational background, passing particular exams and other relevant entry exams is a must for becoming a competent personal banker. Please find below a table that illustrates personal bankers’ salaries according to their qualifications:
| Education Level | Average Salary Per Year |
| Certificate or Diploma | 71,400 CAD |
| Bachelor’s Degree | 99,700 CAD |
| Master’s Degree | 130,500 CAD |
Here you can Explore The Highest Paid Part-Time Jobs in Canada for international students
Personal Banker Salary in Canada By Organisation
The industry in which bankers operate has a bigger impact on their pay than their area of expertise, therefore it’s critical to consider various companies when comparing personal banker salaries. This allows us to see the salary range for personal bankers in Canada based on various organizations.
| Organisation | Average Salary Per Year |
| TD Bank | 96,925 CAD |
| RBC | 64,000 CAD |
| BMO Financial Group | 48,900 CAD |
| CIBC | 60,800 CAD |
| Scotiabank | 47,000 CAD |
| HSBC | 100,000 CAD |
| PwC Canada | 47,000 CAD |
| Banque Nationale du Canada/National Bank of Canada | 100,000 CAD |
| OLG | 80,000 CAD |
| Tangerine | 81,000 CAD |
| Abbott | 41,000 CAD |
| CIBC World Markets | 65,000 CAD |
| Sheraton | 54,000 CAD |
| Standard Chartered Bank | 93,000 CAD |
| Axis Bank | 90,000 CAD |
| Emirates NBD | 48,000 CAD |
| Mobilink Microfinance Bank | 55,0000 CAD |
| Global Contact Services | 65,000 CAD |
| Banca Mifel | 50,000 CAD |
| BMO Financial Group | 46,000 CAD |
Personal Banker Salary in Canada By Cities
Here’s a comprehensive breakdown of the average annual salaries for personal bankers across several cities in Canada:
Personal Banker Salary in Canada By Positions
Here’s an in-depth look at the salary structure based on distinct job profiles within the banking sector:
| Positions | Average Salary Per Year |
| Teller | 55,000 CAD |
| Account Manager | 120,109 CAD |
| Account Executive | 120,000 CAD |
| Customer Service Representative | 39,027 CAD |
| Member Services Representative | 60,000 CAD |
| Branch Manager | 76,909 CAD |
| Administrative Assistant | 42,234 CAD |
| Inside Sales Representative | 54,117 CAD |
| Sales Representative | 57,500 CAD |
| Sales Specialist | 57,646 CAD |
| Analyst | 71,198 CAD |
| Advisor | 5,109 CAD |
| Financial Advisor | 94,224 CAD |
| Financial Representative | 55,613 CAD |
| Banker | 51,216 CAD |
| Relationship Banker | 62,967 CAD |
| Business Banker | 50,742 CAD |
| Investment-Banker | 70,485 CAD |
| Financial Advisor | 53,698 CAD |
| Financial | 53,134 CAD |
Here is a list of some Top High-Paying Jobs in Canada
FAQs
A banker’s annual total compensation is expected to be 58,971 CAD, with an average salary of 49,775 CAD a year. Based on salaries gathered from our users, this figure indicates the median, which is the middle of the ranges from our in-house Total Pay Estimate model.
Indian immigrants might find a large number of lucrative and in-demand banking jobs in Canada. It can be difficult to find a job in Canada, but our blog tries to make it easier for you.
In Canada, entry-level bankers make, on average, 53,432 CAD annually. In Canada, entry-level bankers typically receive 4,983 CAD in additional cash compensation, ranging from 2,772 CAD to 8,959 CAD.
In Canada, the average annual salary for an RBC Personal Banker is roughly 44,243 CAD, which is 16% less than the national average. Here is a breakdown of a personal banker’s salary in Canada in 2024. You can follow Leverage Edu and our official page, Jobs Abroad, for more such blogs.
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