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The differences between bank officers and senior underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a bank officer has an average salary of $79,562, which is higher than the $69,375 average annual salary of a senior underwriter.
The top three skills for a bank officer include customer service, real estate and business development. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.
| Bank Officer | Senior Underwriter | |
| Yearly salary | $79,562 | $69,375 |
| Hourly rate | $38.25 | $33.35 |
| Growth rate | 4% | -4% |
| Number of jobs | 69,880 | 6,726 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
A bank officer is in charge of overseeing the daily operations at banking establishments, ensuring efficiency and client satisfaction. Their responsibilities include gathering and analyzing requests, approving and denying loan applications, providing consultations, processing client requests, and producing progress reports. There are also instances where they sign important documents, delegate tasks, and resolve issues and concerns. Moreover, as a bank officer, it is essential to lead and encourage staff to reach goals, all while implementing the company's policies and regulations.
A senior underwriter is responsible for evaluating the eligibility of an applicant for loan application processing. Senior underwriters verify the applicant's information, including their credit score and other valid documents, ensuring that the applicant fulfills the loan application's parameters. They check the applicant's portfolios and provide them the next necessary steps and the alternatives for loan types. A senior underwriter must have excellent knowledge of the loan processes and underwriting procedures to analyze applications and make accurate decisions.
Bank officers and senior underwriters have different pay scales, as shown below.
| Bank Officer | Senior Underwriter | |
| Average salary | $79,562 | $69,375 |
| Salary range | Between $57,000 And $110,000 | Between $44,000 And $108,000 |
| Highest paying City | Bangor, ME | New York, NY |
| Highest paying state | Maine | New York |
| Best paying company | Federal Reserve Bank | Capital Group |
| Best paying industry | Finance | Insurance |
There are a few differences between a bank officer and a senior underwriter in terms of educational background:
| Bank Officer | Senior Underwriter | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank officers' and senior underwriters' demographics:
| Bank Officer | Senior Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 50.8% Female, 49.2% | Male, 42.0% Female, 58.0% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.3% American Indian and Alaska Native, 0.5% | Black or African American, 9.3% Unknown, 2.5% Hispanic or Latino, 9.4% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |