Average Private Banker Salary in France for 2024

In this article, we will look at the average Private Banker salary for 2024 in France and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Private Banker Make in France?

A Private Banker working in France will typically earn around 36,400 EUR per year, and this can range from the lowest average salary of about 17,100 EUR to the highest average salary of 57,800 EUR.

Average Annual Salary
36,400 EUR
Average Monthly Salary
3,033 EUR

Lowest Annual Salary
17,100 EUR
Lowest Monthly Salary
1,425 EUR

Highest Annual Salary
57,800 EUR
Highest Monthly Salary
4,816 EUR

These are average salaries for a Private Banker in France and include benefits such as housing and transport. It's also possible for a Private Banker to earn more or less than the average salaries shown above.

Private Banker salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Private Banker Salaries in France

So we've looked at the average salaries a Private Banker will earn in France. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Private Banker can earn between 17,100 EUR and 57,800 EUR on average in France. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Private Banker in France is 36,400 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 36,400 EUR, and 50% of the population earn more than 36,400 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Private Banker salary in France, 25% of the population are earning less than 25,400 EUR while 75% of the population earn more than 25,400 EUR.

75% of the population earn less than 46,100 EUR, and 25% of the population earn more than 46,100 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Private Banker Salary by Experience Level in France

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average private banker salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Private Banker in France that has less than two years of experience can expect to earn somewhere in the region of 20,100 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Private Banker salary would increase to 28,900 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Private Banker, the average salary would be 38,000 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 44,500 EUR.
  • 15 - 20 Years Experience. A Private Banker with 15 to 20 years of experience can earn an average of 49,200 EUR.
  • 20+ Years Experience. For a Private Banker with more than 20 years, the expected average salary increases to 52,300 EUR.

Average Salary by Experience Chart

0-2 Years
20,100 EUR
2-5 Years +32%
28,900 EUR
5-10 Years +34%
38,000 EUR
10-15 Years +19%
44,500 EUR
15-20 Years +8%
49,200 EUR
20+ Years +7%
52,300 EUR

Private Banker Salary by Education Level in France

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Private Banker in France based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Private Banker in France with a high school education can earn an average salary of 28,800 EUR.

  • Certificate or Diploma. A Private Banker in France with a certificate or diploma education can earn an average salary of 32,900 EUR.

  • Bachelor's Degree. A Private Banker in France with a bachelor's degree education can earn an average salary of 42,700 EUR.

  • Master's Degree. A Private Banker in France with a master's degree education can earn an average salary of 52,300 EUR.

Average Salary by Education Chart

High School
28,800 EUR
Certificate or Diploma +14%
32,900 EUR
Bachelor's Degree +36%
42,700 EUR
Master's Degree +26%
52,300 EUR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in France is around 20,600 to 61,900 EUR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Private Banker Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In France, a male private banker will earn an average of 36,800 EUR, while a female private banker will earn around 36,600 EUR.

This means that a male private banker earns approximately 1% more than a female private banker for performing the same job.

Average Salary by Gender Chart in France

Male
36,800 EUR
Female -1%
36,600 EUR

Private Banker Average Pay Raise in France

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Private Banker in France is around 12% every 14 months.

The national average pay raise across all professions and industries in France is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 14 ) × 12  = 10%

What this means is that a Private Banker in France can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in France for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in France.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Private Banker Bonus and Incentive Rates in France

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Private Banker is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
56%
No Bonus
44%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in France earn approximately 12% more than private sector employees in the same role.

Public Sector
52,300 EUR
Private Sector -12%
46,700 EUR

Salaries for Jobs Similar to a Private Banker

In the table below, we have salary information for jobs that are similar to a Private Banker in France.

Job Title Category Salary
AML Analyst Banking 74,100 EUR
Assistant Bank Branch Manager Banking 62,600 EUR
Assistant Bank Manager Banking 80,700 EUR
ATM Manager Banking 71,200 EUR
ATM Service Technician Banking 19,100 EUR
Bank Accounts Analyst Banking 29,300 EUR
Bank Accounts Collector Banking 16,000 EUR
Bank Accounts Controller Banking 35,600 EUR
Bank Accounts Executive Banking 55,200 EUR
Bank Accounts Manager Banking 59,800 EUR
Bank Auditing Manager Banking 63,200 EUR
Bank Branch Manager Banking 88,600 EUR
Bank Branch Operations Coordinator Banking 36,800 EUR
Bank Clerk Banking 16,000 EUR
Bank Client Service Associate Banking 22,200 EUR
Bank Collector Banking 19,300 EUR
Bank Compliance Specialist Banking 46,100 EUR
Bank Manager Banking 97,600 EUR
Bank Operational Risk Manager Banking 98,100 EUR
Bank Operations Head Banking 105,200 EUR
Bank Operations Officer Banking 42,600 EUR
Bank Operations Specialist Banking 63,500 EUR
Bank Process Manager Banking 57,400 EUR
Bank Product Manager Banking 64,800 EUR
Bank Programme Manager Banking 69,200 EUR
Bank Project Manager Banking 82,300 EUR
Bank Propositions Manager Banking 68,300 EUR
Bank Quantitative Analyst Banking 50,000 EUR
Bank Regional Manager Banking 109,000 EUR
Bank Regional Risk Officer Banking 54,300 EUR
Bank Relationship Manager Banking 75,800 EUR
Bank Relationship Officer Banking 35,300 EUR
Bank Teller Banking 19,200 EUR
Banker Banking 33,600 EUR
Banking Business Analyst Banking 54,100 EUR
Banking Business Development Officer Banking 33,000 EUR
Banking Business Planning Executive Banking 73,300 EUR
Banking Product Manager Banking 64,100 EUR
Banking Reference Data Manager Banking 58,000 EUR
Banking Risk Analyst Banking 51,600 EUR
Banking Technical Analyst Banking 27,300 EUR
Bankruptcy Coordinator Banking 36,400 EUR
Bill and Account Collector Banking 17,100 EUR
Budget Analyst Banking 51,800 EUR
Capital Risk Manager Banking 99,700 EUR
Cards Marketing Manager Banking 66,200 EUR
Cash Management Manager Banking 94,100 EUR
Check Processing Manager Banking 67,400 EUR
Commercial Vault Associate Banking 50,100 EUR
Corporate Banker Banking 39,400 EUR
Corporate Dealer Banking 54,100 EUR
Credit Analyst Banking 41,900 EUR
Credit and Collections Manager Banking 68,400 EUR
Credit Card Fraud Investigator Banking 56,800 EUR
Credit Portfolio Manager Banking 95,900 EUR
Credit Risk Analyst Banking 60,900 EUR
Credit Risk Associate Banking 55,200 EUR
Direct Bank Sales Representative Banking 36,900 EUR
Exchange Control Consultant Banking 54,700 EUR
Executive Account Analyst Banking 52,600 EUR
Financial Bank Planning Consultant Banking 67,500 EUR
Financial Banking Analysis Manager Banking 75,500 EUR
Financial Banking Assistant Banking 24,800 EUR
Financial Banking Systems Manager Banking 72,000 EUR
Foreign Exchange Manager Banking 74,700 EUR
Fraud Analyst Banking 55,200 EUR
Fraud Detection Associate Banking 36,800 EUR
Fraud Detection Manager Banking 79,800 EUR
Fraud Detection Supervisor Banking 49,000 EUR
Internal Bank Audit Manager Banking 93,600 EUR
Internal Bank Auditor Banking 48,500 EUR
Internal Private Banker Banking 39,500 EUR
International Banking Manager Banking 111,700 EUR
Investment Banking Analyst Banking 78,200 EUR
Loan Analyst Banking 53,800 EUR
Loan Area Manager Banking 63,100 EUR
Loan Audit Team Leader Banking 56,600 EUR
Loan Branch Manager Banking 61,700 EUR
Loan Business Development Officer Banking 32,900 EUR
Loan Clerk Banking 17,900 EUR
Loan Collection and Recovery Manager Banking 64,400 EUR
Loan Collection Manager Banking 62,500 EUR
Loan Collector Banking 19,100 EUR
Loan Examiner Banking 23,700 EUR
Loan Officer Banking 20,400 EUR
Loan Processing Manager Banking 54,700 EUR
Loan Processor Banking 24,800 EUR
Loan Quality Assurance Auditor Banking 53,500 EUR
Loan Quality Assurance Manager Banking 58,200 EUR
Loan Quality Assurance Representative Banking 36,200 EUR
Loan Review Manager Banking 63,200 EUR
Loan Team Leader Banking 54,100 EUR
Loans Manager Banking 73,200 EUR
Mortgage Advisor Banking 35,300 EUR
Mortgage Collection Manager Banking 60,500 EUR
Mortgage Collector Banking 19,400 EUR
Mortgage Credit Analyst Banking 29,000 EUR
Mortgage Credit Manager Banking 58,600 EUR
Mortgage Development Manager Banking 72,400 EUR
Mortgage Document Reviewer Banking 23,400 EUR
Mortgage Funding Manager Banking 67,800 EUR
Mortgage Operations Manager Banking 88,000 EUR
Mortgage Payment Processing Clerk Banking 21,400 EUR
Mortgage Processing Manager Banking 58,400 EUR
Mortgage Processor Banking 26,400 EUR
Mortgage Quality Assurance Auditor Banking 51,100 EUR
Mortgage Quality Assurance Manager Banking 58,500 EUR
Mortgage Servicing Clerk Banking 20,200 EUR
Mortgage Servicing Manager Banking 58,500 EUR
Mortgage Underwriter Banking 23,200 EUR
Online Banking Manager Banking 92,100 EUR
Payment Processing Clerk Banking 19,000 EUR
Personal Banker Banking 39,100 EUR
Personal Banking Advisor Banking 40,000 EUR
Phone Banker Banking 23,600 EUR
Reconciliation and Investigation Specialist Banking 40,300 EUR
Tax Officer Banking 30,700 EUR
Teller Banking 19,100 EUR
Trade Officer Banking 24,400 EUR
Trade Product Manager Banking 61,200 EUR
Trader Banking 27,400 EUR
Treasury Operations Officer Banking 47,100 EUR

Salary Comparison by City

If you want to compare salaries with different cities in France, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Bordeaux 35,300 EUR
Lille 33,500 EUR
Lyon 38,900 EUR
Marseille 43,500 EUR
Montpellier 36,000 EUR
Nantes 35,200 EUR
Nice 36,800 EUR
Paris 39,000 EUR
Strasbourg 35,600 EUR
Toulouse 42,400 EUR

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