Bank consultant vs bank representative

The differences between bank consultants and bank representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a bank consultant has an average salary of $90,094, which is higher than the $34,417 average annual salary of a bank representative.

The top three skills for a bank consultant include customer service, powerpoint and risk management. The most important skills for a bank representative are bank products, customer service, and bank policies.

Bank consultant vs bank representative overview

	Bank Consultant	Bank Representative
Yearly salary	$90,094	$34,417
Hourly rate	$43.31	$16.55
Growth rate	4%	-12%
Number of jobs	17,023	105,192
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 53%
Average age	45	39
Years of experience	6	-

What does a bank consultant do?

A bank consultant focuses on identifying and meeting the clients' needs through effective banking advice and guidance. Their daily tasks entail greeting and offering assistance to clients, answering inquiries, discussing terms, recommending options and other services, making arrangements, and processing the clients' applications. They also perform clerical tasks such as handling calls and inquiries, preparing documents, reviewing reports, producing financial statements, and maintaining records. Moreover, a bank consultant maintains an open communication line with co-workers, coordinating to provide clients with optimal services.

What does a bank representative do?

A bank representative works to assist clients, aiming to provide optimal banking services and build positive client relationships. Their duties include greeting and identifying the clients' needs, answering inquiries, giving clear instructions, and discussing banking terms. They also process client requests such as withdrawals, deposits, payments, and even handling applications. Moreover, a bank representative may also conduct market research and analyses, generate leads, and reach out to potential clients through calls and correspondence to offer products and services.

Bank consultant vs bank representative salary

Bank consultants and bank representatives have different pay scales, as shown below.

	Bank Consultant	Bank Representative
Average salary	$90,094	$34,417
Salary range	Between $68,000 And $118,000	Between $28,000 And $41,000
Highest paying City	Marysville, WA	Albany, NY
Highest paying state	Washington	New York
Best paying company	Inter-American Development Bank	Advancial Federal Credit Union
Best paying industry	Technology	Finance

Differences between bank consultant and bank representative education

There are a few differences between a bank consultant and a bank representative in terms of educational background:

	Bank Consultant	Bank Representative
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 53%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Bank consultant vs bank representative demographics

Here are the differences between bank consultants' and bank representatives' demographics:

	Bank Consultant	Bank Representative
Average age	45	39
Gender ratio	Male, 59.0% Female, 41.0%	Male, 34.1% Female, 65.9%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%	Black or African American, 9.2% Unknown, 3.4% Hispanic or Latino, 22.4% Asian, 7.3% White, 57.1% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	7%

Differences between bank consultant and bank representative duties and responsibilities

Bank consultant example responsibilities.

Provide SharePoint development and administration, budget and financial reporting; manage invoicing; and develop training manuals and user guides.
Collaborate with various work streams to facilitate customer distributions, security liquidations, and other cash & securities activities.
Conduct regular loan portfolio analysis consisting of monitoring of derivative exposure, periodic loan reviews, and covenant and compliance tracking.
Review profitability models to determine new ATM sites at existing corporate and service locations.

Bank representative example responsibilities.

Used CRM software for KYC purposes, managing and analyzing customer data throughout life cycle.
Open new accounts for existing and/or new clients, including money market savings, CDs, and IRA accounts.
Complete maintenance request including address changes, check orders, stop payments, warnings, account closings and ATM card captures.
Originate and sign internal debit and credit documents.
Complete customer account paperwork for loans, fraudulent activity, unauthorize activity and weekly ATM balancing reports.
Advise patients of insurance/hospital information, prepare admission forms and enter patient data into the patient data accounting system.

Bank consultant vs bank representative skills

Common bank consultant skills

Customer Service, 27%
PowerPoint, 7%
Risk Management, 7%
Customer Satisfaction, 7%
Financial Services, 6%
Securities, 5%

Common bank representative skills

Bank Products, 12%
Customer Service, 11%
Bank Policies, 9%
Cross-Sell, 6%
Excellent Interpersonal, 5%
Cash Handling, 5%

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Bank Consultant
Bank Consultant vs Bank Representative

Updated January 8, 2025

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