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The differences between bank consultants and closers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a bank consultant and a closer. Additionally, a bank consultant has an average salary of $90,094, which is higher than the $29,291 average annual salary of a closer.
The top three skills for a bank consultant include customer service, powerpoint and risk management. The most important skills for a closer are customer service, cleanliness, and punctuality.
| Bank Consultant | Closer | |
| Yearly salary | $90,094 | $29,291 |
| Hourly rate | $43.31 | $14.08 |
| Growth rate | 4% | 4% |
| Number of jobs | 17,023 | 7,560 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 35% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
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.
The duties of a closer depend on one's line of work or industry of employment. Typically, their responsibilities revolve around liaising with clients to ensure that they understand and adhere to all terms of the agreement, completing all requirements and necessary documents, and maintaining records of all transactions. A closer must also monitor the regular payments of clients to ensure their compliance with the agreement, answer any inquiries, perform follow-up calls, and address any issues or concerns, resolving them promptly and efficiently.
Bank consultants and closers have different pay scales, as shown below.
| Bank Consultant | Closer | |
| Average salary | $90,094 | $29,291 |
| Salary range | Between $68,000 And $118,000 | Between $20,000 And $40,000 |
| Highest paying City | Marysville, WA | Greece, NY |
| Highest paying state | Washington | Hawaii |
| Best paying company | Inter-American Development Bank | GPAC |
| Best paying industry | Technology | - |
There are a few differences between a bank consultant and a closer in terms of educational background:
| Bank Consultant | Closer | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 35% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank consultants' and closers' demographics:
| Bank Consultant | Closer | |
| Average age | 45 | 45 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 45.0% Female, 55.0% |
| 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, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 6.1% White, 63.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |