Trade guide
Private banker
Are you attracted by high-level finance, personalised advice and long-term relationships based on trust? Would you like to help a demanding clientele manage and enhance their assets? Then the job of private banker is for you! Before you get started, find out more about the roles, key skills and career prospects of this excellent profession.
The business
What is a Private Banker?
Its role
Private bankers help wealthy clients manage and optimise their assets. You advise clients with substantial assets on their financial and property investments and estate planning. Your mission: to maximise the return on their wealth while preserving their capital.
Its field of action
As a private banker, you work closely with wealth management experts, tax specialists and investment advisers to offer tailor-made solutions. Your clients include entrepreneurs, high-net-worth investors and patrician families looking for cutting-edge expertise. Private banking allows you to work in an international environment, where financial issues and confidentiality are paramount.
The functions
What does a Private Banker do?
Your day-to-day work as a private banker is punctuated by a wide range of strategic and relational assignments.
You analyse the overall wealth situation of your high net worth clients
You devise personalised and sophisticated investment strategies
You propose portfolio management solutions tailored to risk profiles
You advise on property investments and works of art
You draw up estate planning and tax optimisation packages
You negotiate the terms and conditions of loans and structured finance.
You are responsible for the day-to-day monitoring of delegated management mandates
You develop your customer portfolio through targeted prospecting
Qualifications
The qualities and skills needed to be a good private banker
In-depth financial expertise
Your mastery of financial markets and complex investment products is essential. You analyse economic trends and identify investment opportunities to optimise your clients’ assets.
Excellence in interpersonal relations and confidentiality
Your ability to establish lasting relationships based on trust determines your success. You demonstrate empathy, absolute discretion and a keen sense of service to meet the expectations of a demanding clientele.
Analytical thinking and innovation
Your analytical mind enables you to solve complex wealth management problems. You develop creative strategies and anticipate regulatory changes to propose forward-looking solutions.
The benefits
What are the advantages of being a Private Banker?
As a private banker, you are at the heart of the economy, helping influential clients make major decisions about their assets. You contribute to economic growth by directing capital towards promising investments. This role gives you a privileged insight into the world’s financial markets and the development of wealth.
Your expertise is highly valued and recognised in the world of finance. You’ll enjoy considerable autonomy in managing your client portfolio and excellent career prospects. After a few years’ successful experience, you will naturally be promoted to private client manager, wealth management centre manager or investment bank manager.
Remuneration
Private banker: salary and career development
The job of private banker offers an attractive salary that rises significantly with experience. At the start of your career, you can expect to earn €40,000 gross per annum. After a few years’ experience, this salary rises to €65,000 gross per annum, rising to €95,000 gross per annum by the end of your career.
In addition, there are often significant benefits: bonuses based on sales targets, which can amount to 10 to 20% of the fixed salary, a company car, profit-sharing and reduced working hours. Your career prospects will take you towards positions as private client manager or management positions in prestigious banking establishments.
Up to
95 000€
Salary per year
Training courses
How do you become a private banker?
Our training courses
To become a private banker, it is essential to follow a demanding course of study at a school renowned for its expertise in finance and wealth management. At INSEEC, we help you build your career plan by offering programmes and specialisations tailored to the challenges of private banking, investment and wealth management.
For example, you can opt for :
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