is being a personal banker a good career move financially

i've been in sales for 7yrs making $60-70k can i make that being a personal banker and if so how long would it take and if not what type of income could i expect before i make a career change

60-70k is much higher than what your average personal banker makes. Expect your base salary to be somewhere between 30-35k. Then, depending on what bank you work for and how much you sell in that year, you can make up to an additional 5k-20k a year in bonuses.

It would be a great start to get into other areas like home loans or a licensed financial expert. Although times are rough for those positions now, they can easily make what you are making and more.

hahahhahahha, yeah right, maybe when it was wachovia and you could really make money as a SR fs pushing 140k a year, best you can hope for as a personal banker at wells is pretzels and cheese. LMAO>

to FXtrader: why be such a douchebag? it was a simple question, no need for your arrogant and cocky attitude

wmacv said: i've been in sales for 7yrs making $60-70k can i make that being a personal banker and if so how long would it take and if not what type of income could i expect before i make a career change

Do not work at Wells Fargo. They dont care about people just NUMBERS. After one week because I wasnt making al the numbers as a personal bank they let me go. Why do you think they have training classes every 4 weeks>

Wells Fargo is possibly the worst company I have ever worked for. The base pay is low, and the expectations are absolutely ridiculous. They make it nearly impossible to earn the commissions they promise. There is a good reason they have traning classes once a month - it's a revolving door position. There is absolutely no upside to working here. Management doesn't respect your personal life - They will hire you from M-F, 8-5, with "occasional" nights and weekends. Then once you're stuck they mandate work every Saturday and then spring "call nights" (telemarketing!) until 9pm with no notice. No matter how well you do with sales, they want more blood. If you're happy having no personal life, making low pay, and pushing high-fee accounts down the throats of senior citizens on SSI and high school students, then this is the job for you!

Hi,
I'm moving from Dallas to Phoenix soon to be with my fiance. I've been the finance director of a Ford dealership the last few years, but want to get out of the car business due to slow business and long hours (about 65 hours per week). I've been making $42,000 plus commission (which is another $1000 or so per month), and that amount of money isn't really enough to make a good living. I've been offered Personal Banker positions at both Chase Bank and Bank of America. I understand the base salary will be much lower but I am curious to see how much I would make in commissions??? I feel like making a little less money may be worth it if I am working only 40 hours/week. How many hours should I expect to work a week??? Does anyone know if Bank of America's commissions are capped at a certain amount??? To be honest, being in the car business has gotten me used to trying to cram products down customer's throats, so I don't really have a problem with that. I'm sure my sales would be great if I took the job, but reading these posts have me thinking that I there just isn't much money in this career choice. I have a few years of sales and finance experience, and got my business degree at Texas Tech. Does anyone have any advice or recommendations for me? I'm not sure what bank to work for, if either. Thank you for your input, and sorry about the length of this.

Magicmaker in Elizabethtown, Pennsylvania said: Wells Fargo is possibly the worst company I have ever worked for. The base pay is low, and the expectations are absolutely ridiculous. They make it nearly impossible to earn the commissions they promise. There is a good reason they have traning classes once a month - it's a revolving door position. There is absolutely no upside to working here. Management doesn't respect your personal life - They will hire you from M-F, 8-5, with "occasional" nights and weekends. Then once you're stuck they mandate work every Saturday and then spring "call nights" (telemarketing!) until 9pm with no notice. No matter how well you do with sales, they want more blood. If you're happy having no personal life, making low pay, and pushing high-fee accounts down the throats of senior citizens on SSI and high school students, then this is the job for you!

Very well said!

riscott in Tyler, Texas said: Hi,
I'm moving from Dallas to Phoenix soon to be with my fiance. I've been the finance director of a Ford dealership the last few years, but want to get out of the car business due to slow business and long hours (about 65 hours per week). I've been making $42,000 plus commission (which is another $1000 or so per month), and that amount of money isn't really enough to make a good living. I've been offered Personal Banker positions at both Chase Bank and Bank of America. I understand the base salary will be much lower but I am curious to see how much I would make in commissions??? I feel like making a little less money may be worth it if I am working only 40 hours/week. How many hours should I expect to work a week??? Does anyone know if Bank of America's commissions are capped at a certain amount??? To be honest, being in the car business has gotten me used to trying to cram products down customer's throats, so I don't really have a problem with that. I'm sure my sales would be great if I took the job, but reading these posts have me thinking that I there just isn't much money in this career choice. I have a few years of sales and finance experience, and got my business degree at Texas Tech. Does anyone have any advice or recommendations for me? I'm not sure what bank to work for, if either. Thank you for your input, and sorry about the length of this.

Expect a little less than the amount of your previous job if you're at a busy branch. But if you're at a slow branch, unless you're kicking butt bringing in people on your own, you'll probably make less as a PB. It's just the nature of the game.

Good news is that there's no cap on commission, only a cap on lagged points/dollars per product. I.e. if you close a $1,000,000 business, you'll receive commission up to the maximum amount allowed for that one transaction, but there's no cap on the number of high-dollar accounts you can do. Good luck.

Does anyone know which bank is the best to apply as a personal banker?, Who pays the most and who pays the worst in NJ?

With my little knowledge, your best would be JP Chase (35k+ def below 42k!)before you apply make sure that...

Do not work for Wells Fargo, it is the worst place ever! I worked there before, my life was just too miserable. Never is good enough!!! You do good, they want more, and the way they structure the commission, you can really never get it. You are not human being, you are a machine! Do something else. Plus, for the people still have coscience, do not touch this dirty job.

Wow! I have been selected to attend a group interview next week for Wells Fargo. I have seen many forms about being a PB. It seems like many do not like Wells Fargo. Is there anyone out there that has a good comment to say about Wells Fargo? The phone interview for me was very good! I was talking to a real person! Someone who wanted to find out about me vs passing a test.

I just want to hear some good comments about Wells Fargo. It's easy for someone to post a bad review. Usually, when something goes wrong people post to vent and a target some revenge. Thank you for that information! That is good to know. And I do understand. But before that moment of stress, you had the job for some period of time. What was good? How long did that last? Did you learn some good information? Where you spoiled? Again, I'm feeling good about the thought of becoming a Personal Banker and using this as a tool to move up and advance inside the financial industry. What happened and how did it go bad? Why was it good for you? (at the time LOL!)

La Shawn Thompson in Pasadena, California said: Wow! I have been selected to attend a group interview next week for Wells Fargo. I have seen many forms about being a PB. It seems like many do not like Wells Fargo. Is there anyone out there that has a good comment to say about Wells Fargo? The phone interview for me was very good! I was talking to a real person! Someone who wanted to find out about me vs passing a test.

I just want to hear some good comments about Wells Fargo. It's easy for someone to post a bad review. Usually, when something goes wrong people post to vent and a target some revenge. Thank you for that information! That is good to know. And I do understand. But before that moment of stress, you had the job for some period of time. What was good? How long did that last? Did you learn some good information? Where you spoiled? Again, I'm feeling good about the thought of becoming a Personal Banker and using this as a tool to move up and advance inside the financial industry. What happened and how did it go bad? Why was it good for you? (at the time LOL!)

Wells Fargo is managed by Community Presidents, District Managers, and Store Managers. They have autonomy how they manage their respective stores and many position it relative to execution of the incentive plan.

In some markets, meeting the incentive program is a requirement, while in others it's a goal (big difference). In markets where making the inventive program is a requirement, it's a tough balance between servicing the customer and selling the solutions to existing and new customers. At the end of the day, it's a job. You will get a paycheck for the hours worked - don't expect anything more. If you meet the incentive plans at the highest levels or have a management sponsor, you will have the ability to move up. However, the high pressure metric monitoring continues up the the ladder in many customer facing positions.

I think that all people who complaining about Wells Fargo are just whole bunch of crying babies who doesnt know how to handle a job. Only unsuccessful people complain. Every job has bad moments, but theres a good moments as well. Wells Fargo is great company to work for. Its huge company and u have many many opportunities to move up. Before applying for WellsFargo jobs think clearly what u like to do. If u dont like customer service and sales - just DO NOT apply for such jobs. The ones who enjoys sales do really good. I started as a teller and i became personal banker with 5 months and now im going for assistant branch manager position. Everything within a year!!! Piece of cake.

I think that all people who complaining about Wells Fargo are just whole bunch of crying babies who doesnt know how to handle a job. Only unsuccessful people complain. Every job has bad moments, but theres a good moments as well. Wells Fargo is great company to work for. Its huge company and u have many many opportunities to move up. Before applying for WellsFargo jobs think clearly what u like to do. If u dont like customer service and sales - just DO NOT apply for such jobs. The ones who enjoys sales do really good. I started as a teller and i became personal banker with 5 months and now im going for assistant branch manager position. Everything within a year!!! Piece of cake.

I COMPLETELY agree with Trigger. I was very scared going into the teller position because i had zero experience in the banking industry. My team; as well as my leaders are fantastic and very motivational. Sales and "GOALS" are obviously important to the company; but if you are good in sales; and embrace your duties; you can succeed! I have worked for a family owned business; and had a horrible experience; that position was awful; the compensation was GOD AWFUL... and they could careless about their employees.
I can say with my experience of working just about everywhere; that working for Wachovia; a Wells Fargo company; it feels extremely family owned but where they actually care. This corporate america I was so afraid of; really has treated me well. I know my DM; CBP and my Regional Bank President by name; and vice versa. I did extremely well; and am now being promoted to be a personal banker; and i am only in my 4th month; with zero experience in the banking industry.

The goals arent unattainable if you are good at your job and know how to approach customers.
However I feel that having a team that backs you up; is extremely important as well.
I suppose its all about your experience; but I have had a great one; with a huge success and a great team to work with. I have felt very blessed and fortunate to work for such a great company; with an amazing Service Manager; Store Manager; District Manager; Community Bank President; Regional Bank President; and all the teams period.

Its all how you make it... if you ENJOY Sales and customer service and are passionate and competitive; I believe the banking industry is absolutely up your alley.

Trigger in Denver, Colorado said: I think that all people who complaining about Wells Fargo are just whole bunch of crying babies who doesnt know how to handle a job. Only unsuccessful people complain. Every job has bad moments, but theres a good moments as well. Wells Fargo is great company to work for. Its huge company and u have many many opportunities to move up. Before applying for WellsFargo jobs think clearly what u like to do. If u dont like customer service and sales - just DO NOT apply for such jobs. The ones who enjoys sales do really good. I started as a teller and i became personal banker with 5 months and now im going for assistant branch manager position. Everything within a year!!! Piece of cake.

Can you give some info on the training for a PB? Do you go ssomewhere for tarining or is the training done in the store where you will be working? Any info on the training would be appreciated!

Trigger,

Are you bi-lingual?

kim08 said: Can you give some info on the training for a PB? Do you go ssomewhere for tarining or is the training done in the store where you will be working? Any info on the training would be appreciated!

Training usually takes place a training facility in your market. The length of training varies.

As Trigger noted, if you are applying for a customer facing position you should be ready for high expectation in sales quotas on a daily basis.

In some branches, you will be more successful on meeting daily solution selling if you are bilingual.

Trigger in Denver, Colorado said: I think that all people who complaining about Wells Fargo are just whole bunch of crying babies who doesnt know how to handle a job. Only unsuccessful people complain. Every job has bad moments, but theres a good moments as well. Wells Fargo is great company to work for. Its huge company and u have many many opportunities to move up. Before applying for WellsFargo jobs think clearly what u like to do. If u dont like customer service and sales - just DO NOT apply for such jobs. The ones who enjoys sales do really good. I started as a teller and i became personal banker with 5 months and now im going for assistant branch manager position. Everything within a year!!! Piece of cake.

Interesting how a person can claim that he/she is being promoted so rapidly without explaining what happen to the people from him/her? Sounds like burn and churn operation.

Magicmaker in Elizabethtown, Pennsylvania said: Wells Fargo is possibly the worst company I have ever worked for. The base pay is low, and the expectations are absolutely ridiculous. They make it nearly impossible to earn the commissions they promise. There is a good reason they have traning classes once a month - it's a revolving door position. There is absolutely no upside to working here. Management doesn't respect your personal life - They will hire you from M-F, 8-5, with "occasional" nights and weekends. Then once you're stuck they mandate work every Saturday and then spring "call nights" (telemarketing!) until 9pm with no notice. No matter how well you do with sales, they want more blood. If you're happy having no personal life, making low pay, and pushing high-fee accounts down the throats of senior citizens on SSI and high school students, then this is the job for you!

Do not, I repeat do not work for this company. They are evil, evil evil! A lady that has spent five years working for them, finally got to the point where she would bonus. They walked her out the door, stating that she was gaming ,which is cheating. Then they recanted and stated that she did not give proper attention to her customers and was lacking "benefit" words which are required for sales. This was done so they did not have to pay her the one thousand dollar bonus she was entitled to. They are now monitoring every single call and will harrass you from the time you enter the building to the time you go home about little things you did not do which was expected of you. Then when you finally do go above and beyond and make 9 grand a month for these greedy pigs they fire you and blackball you so you can not get another job where you need to be bonded. Stay far far away from these thugs!

mimi in Berkeley, California said: Do not work for Wells Fargo, it is the worst place ever! I worked there before, my life was just too miserable. Never is good enough!!! You do good, they want more, and the way they structure the commission, you can really never get it. You are not human being, you are a machine! Do something else. Plus, for the people still have coscience, do not touch this dirty job.

I think people are just complainers when it comes to Wells Fargo. Try working at Target like I do. 8.00 an hour (CA minimum wage) while trying to take care of a family and barely affording college. We have a high turnover rate. The hours suck with hours getting cut and working every weekend including holidays. You never stick to your job description because you do everybody else's job plus your own. Still, I don't complain on the job because it only makes it worse. Thankfully I'm going on my second interview with Wells. It's an upgrade for me.

Jeanine in Reno, Nevada said: Do not, I repeat do not work for this company. They are evil, evil evil! A lady that has spent five years working for them, finally got to the point where she would bonus. They walked her out the door, stating that she was gaming ,which is cheating. Then they recanted and stated that she did not give proper attention to her customers and was lacking "benefit" words which are required for sales. This was done so they did not have to pay her the one thousand dollar bonus she was entitled to. They are now monitoring every single call and will harrass you from the time you enter the building to the time you go home about little things you did not do which was expected of you. Then when you finally do go above and beyond and make 9 grand a month for these greedy pigs they fire you and blackball you so you can not get another job where you need to be bonded. Stay far far away from these thugs!

It took 5 years for this lady to bonus? Wow, that took a long time! Your story is bs because $1000 is more than you can make in one quarter for sales.

Trigger in Denver, Colorado said: I think that all people who complaining about Wells Fargo are just whole bunch of crying babies who doesnt know how to handle a job. Only unsuccessful people complain. Every job has bad moments, but theres a good moments as well. Wells Fargo is great company to work for. Its huge company and u have many many opportunities to move up. Before applying for WellsFargo jobs think clearly what u like to do. If u dont like customer service and sales - just DO NOT apply for such jobs. The ones who enjoys sales do really good. I started as a teller and i became personal banker with 5 months and now im going for assistant branch manager position. Everything within a year!!! Piece of cake.

FYI- I worked for Wells Fargo for 5 years after working for BofA for 9 years and its true. WELLS FARGO SUCKS!!!!! People who are saying good things are the ones who probably blow their managers everyday to go up in the company. It's not that people are crybabys, it's that they know it's a job not worth putting your life and energy since the commission sucks. People in Wells practically sell their souls to the devil and if you dont beleive me go on YouTube and type "district manager meeting". People who have worked their put nothing but the truth on the comments and if that dosent open your eyes then good luck getting your vision back.

Steven in Sylmar, California said: FYI- I worked for Wells Fargo for 5 years after working for BofA for 9 years and its true. WELLS FARGO SUCKS!!!!! People who are saying good things are the ones who probably blow their managers everyday to go up in the company. It's not that people are crybabys, it's that they know it's a job not worth putting your life and energy since the commission sucks. People in Wells practically sell their souls to the devil and if you dont beleive me go on YouTube and type "district manager meeting". People who have worked their put nothing but the truth on the comments and if that dosent open your eyes then good luck getting your vision back.

You are right. I couldn't agree more. this is the truth with your years of experience and mine.

I'm brand new to Wells Fargo, but I've been in the banking business for eight years, and all banks are in business to make money....period. You know when you get hired the pay, bonus potential, and sales requirements. If you're willing to do the work, it will pay off...no matter what line of business you are in. And if Wells Fargo was such a bad company, they wouldn't be consistently recognized by Forbes, Working Women, Diversity, etc.....

What impact will this have on hiring external candidates? www.forbes.com/sites/halahtouryalai/2011/08/19/struggling-bank-of-america-slashes-thousands-of-jobs/?partner=yahootix

Roger Dodger in Loveland, Colorado said: Interesting how a person can claim that he/she is being promoted so rapidly without explaining what happen to the people from him/her? Sounds like burn and churn operation.

ANSWER, crappy employees get let go. PERIOD. If you put in 100% effort and are good at what you do, you will never get "let go", employees that are laid off are in a different category. Either way, I have worked at many sales jobs, people that are lazy, unsuccessful, and have poor attitudes either quit or get "let go". And they never take responsibility for their actions when they do, they always say that "he/she (manager) didn't like me". They always cause drama and talk smack, companies are better off without them. Are you one of these people "Rodger Dodger"?? Because you sure sound like it.

From what I hear a lot of PBs are wanting to move to Chase because of all the bad press and changing fees happening within BofA, Wells Fargo, and Citi. Also the general consensus seems to be that you will get a lower base pay at Chase ($30k-$35k), but there is much more opportunity to commission. They have their bankers comp every month vs. every quarter or half year. I have also heard that they are less product pushy, and more relationship oriented in their expectations of their employees.

I got hired as a part time reller at wells I'm not sure if I should take it or not I also was hired by a small bank with less pay I worked at a previous bank were I led my branch for referrals there so think I might do good but not sure if I want to work at wells because of what everyone says I also want to stay in banking after college

I enjoy working at Chase, but you have to understand that the sales goals must be meet. The focus now-a-days seems to be on the quality of relationship and new accounts opened. It's not very hard to do well as a banker, i feel like the atmosphere will be largely dependent on your own manager. It doesn't hurt to test the water.

Sk Ponnumala in New York, New York said: With my little knowledge, your best would be JP Chase (35k+ def below 42k!)before you apply make sure that...

Bank of America pays more hourly but commission. Is no as great . Chase pays less hourly but commission is more. At Bofa there' is a cap in your commission. I used to work my ass off to make 100 % (hit goals is kinda hard) and that was 1500 quarterly before taxes.. I know people at chase that makes that much in commission in a month. When it also comes to family , chase is open late in Chicago while Bofa
Close regular bank hours 5pm. Vs chase 6pm. Pressure is the same you gotta hit goal no matter what. Is very competitive.

John Kite in Dallas, Texas said: Wells Fargo is managed by Community Presidents, District Managers, and Store Managers. They have autonomy how they manage their respective stores and many position it relative to execution of the incentive plan.

In some markets, meeting the incentive program is a requirement, while in others it's a goal (big difference). In markets where making the inventive program is a requirement, it's a tough balance between servicing the customer and selling the solutions to existing and new customers. At the end of the day, it's a job. You will get a paycheck for the hours worked - don't expect anything more. If you meet the incentive plans at the highest levels or have a management sponsor, you will have the ability to move up. However, the high pressure metric monitoring continues up the the ladder in many customer facing positions.

what do you mean by sponsored"? a manager helps you get higher?