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The differences between bank consultants and bank specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a bank consultant, becoming a bank specialist takes usually requires 2-4 years. Additionally, a bank consultant has an average salary of $90,094, which is higher than the $42,779 average annual salary of a bank specialist.
The top three skills for a bank consultant include customer service, powerpoint and risk management. The most important skills for a bank specialist are bank products, strong customer service, and customer relationships.
| Bank Consultant | Bank Specialist | |
| Yearly salary | $90,094 | $42,779 |
| Hourly rate | $43.31 | $20.57 |
| Growth rate | 4% | 10% |
| Number of jobs | 17,023 | 22,225 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 62% |
| Average age | 45 | 43 |
| Years of experience | 6 | 4 |
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.
A bank or banking specialist is an individual responsible for maintaining effective business relationships with the bank's clients while ensuring an optimal customer service level. To support customer retention, bank specialists must identify their customers' banking needs and suggest appropriate bank products and services. They perform teller functions such as processing customer deposits, cashing checks, and issuing official checks. Bank specialists must also ensure that the bank complies with government regulations and standards.
Bank consultants and bank specialists have different pay scales, as shown below.
| Bank Consultant | Bank Specialist | |
| Average salary | $90,094 | $42,779 |
| Salary range | Between $68,000 And $118,000 | Between $28,000 And $64,000 |
| Highest paying City | Marysville, WA | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | Inter-American Development Bank | Goldman Sachs |
| Best paying industry | Technology | Finance |
There are a few differences between a bank consultant and a bank specialist in terms of educational background:
| Bank Consultant | Bank Specialist | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank consultants' and bank specialists' demographics:
| Bank Consultant | Bank Specialist | |
| Average age | 45 | 43 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 45.3% Female, 54.7% |
| 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, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 11.4% White, 66.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 6% |