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The differences between bank consultants and loan officers assistant 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 loan officer assistant. Additionally, a bank consultant has an average salary of $90,094, which is higher than the $45,681 average annual salary of a loan officer assistant.
The top three skills for a bank consultant include customer service, powerpoint and risk management. The most important skills for a loan officer assistant are customer service, origination, and loan process.
| Bank Consultant | Loan Officer Assistant | |
| Yearly salary | $90,094 | $45,681 |
| Hourly rate | $43.31 | $21.96 |
| Growth rate | 4% | 4% |
| Number of jobs | 17,023 | 65,094 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 53% |
| 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.
Loan Officer Assistants assist loan officers in processing the loan applications of clients. Loan officer assistants primarily work on the administrative tasks in the departments. They are in charge of managing documents, updating databases, and sorting files. Loan officer assistants may be assigned to review applications of clients. They should check whether both the application form and the supplementary documents are complete. They may also assess whether the clients meet the requirements for the loan. Upon checking, they manage the documents and package them for submission to the lender. Loan officer assistance may also be assigned to coordinate with lenders and update in-house policies according to the lenders' policies.
Bank consultants and loan officers assistant have different pay scales, as shown below.
| Bank Consultant | Loan Officer Assistant | |
| Average salary | $90,094 | $45,681 |
| Salary range | Between $68,000 And $118,000 | Between $28,000 And $72,000 |
| Highest paying City | Marysville, WA | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | Inter-American Development Bank | Stifel Financial |
| Best paying industry | Technology | Finance |
There are a few differences between a bank consultant and a loan officer assistant in terms of educational background:
| Bank Consultant | Loan Officer Assistant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | SUNY at Binghamton |
Here are the differences between bank consultants' and loan officers assistant' demographics:
| Bank Consultant | Loan Officer Assistant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 28.8% Female, 71.2% |
| 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, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |