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The differences between bank consultants and service consultants 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 service consultant takes usually requires 6-12 months. Additionally, a bank consultant has an average salary of $90,094, which is higher than the $69,197 average annual salary of a service consultant.
The top three skills for a bank consultant include customer service, powerpoint and risk management. The most important skills for a service consultant are customer service, client facing, and financial services.
| Bank Consultant | Service Consultant | |
| Yearly salary | $90,094 | $69,197 |
| Hourly rate | $43.31 | $33.27 |
| Growth rate | 4% | -4% |
| Number of jobs | 17,023 | 140,274 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 60% |
| Average age | 45 | 40 |
| Years of experience | 6 | 12 |
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 service consultant is responsible for interacting with customers and gaining feedback to improve the organization's services, ensuring the highest customer satisfaction. Service consultants work with the sales team to develop effective sales strategies and pitches to generate revenues and increase profitability. A service consultant identifies business opportunities and research on the current market trends to improve services and achieve sales targets. Sales consultants must have excellent customer service and communication skills and comprehensive knowledge of the marketing industry.
Bank consultants and service consultants have different pay scales, as shown below.
| Bank Consultant | Service Consultant | |
| Average salary | $90,094 | $69,197 |
| Salary range | Between $68,000 And $118,000 | Between $41,000 And $115,000 |
| Highest paying City | Marysville, WA | Baltimore, MD |
| Highest paying state | Washington | Wisconsin |
| Best paying company | Inter-American Development Bank | Apple |
| Best paying industry | Technology | - |
There are a few differences between a bank consultant and a service consultant in terms of educational background:
| Bank Consultant | Service Consultant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between bank consultants' and service consultants' demographics:
| Bank Consultant | Service Consultant | |
| Average age | 45 | 40 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 57.7% Female, 42.3% |
| 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, 11.9% Unknown, 5.6% Hispanic or Latino, 19.0% Asian, 7.5% White, 55.3% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 8% | 7% |