What Does a Bank Officer Do?

In this section, we compare the average bank officer annual salary with that of a senior credit analyst. Typically, senior credit analysts earn a $6,802 higher salary than bank officers earn annually.

Even though bank officers and senior credit analysts have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require customer service, real estate, and loan portfolio in the day-to-day roles.

As far as similarities go, this is where it ends because a bank officer responsibility requires skills such as "business development," "bank products," "client relationships," and "financial statements." Whereas a senior credit analyst is skilled in "risk management," "cash flow," "credit worthiness," and "credit analysts." So if you're looking for what truly separates the two careers, you've found it.

Senior credit analysts receive the highest salaries in the finance industry coming in with an average yearly salary of $90,023. But bank officers are paid more in the finance industry with an average salary of $69,266.

Senior credit analysts tend to reach similar levels of education than bank officers. In fact, senior credit analysts are 0.4% more likely to graduate with a Master's Degree and 0.3% less likely to have a Doctoral Degree.

The next role we're going to look at is the personal lines underwriter profession. Typically, this position earns a lower pay. In fact, they earn a $9,856 lower salary than bank officers per year.

A similarity between the two careers of bank officers and personal lines underwriters are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "strong analytical," "customer complaints," and "credit reports. "

But both careers also use different skills, according to real bank officer resumes. While bank officer responsibilities can utilize skills like "customer service," "real estate," "business development," and "bank products," some personal lines underwriters use skills like "dexterity," "insurance policies," "underwriting decisions," and "loss ratio."

It's been discovered that personal lines underwriters earn lower salaries compared to bank officers, but we wanted to find out where personal lines underwriters earned the most pay. The answer? The insurance industry. The average salary in the industry is $81,104. Additionally, bank officers earn the highest paychecks in the finance with an average salary of $69,266.

In general, personal lines underwriters study at lower levels of education than bank officers. They're 7.3% less likely to obtain a Master's Degree while being 0.3% less likely to earn a Doctoral Degree.

Let's now take a look at the commercial underwriter profession. On average, these workers make lower salaries than bank officers with a $20,511 difference per year.

Using bank officers and commercial underwriters resumes, we found that both professions have similar skills such as "customer service," "real estate," and "financial statements," but the other skills required are very different.

There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, a bank officer is likely to be skilled in "business development," "bank products," "client relationships," and "loan applications," while a typical commercial underwriter is skilled in "cash flow," "risk management," "credit worthiness," and "underwriting guidelines."

Additionally, commercial underwriters earn a higher salary in the finance industry compared to other industries. In this industry, they receive an average salary of $68,368. Additionally, bank officers earn an average salary of $69,266 in the finance industry.

When it comes to education, commercial underwriters tend to earn similar education levels than bank officers. In fact, they're 3.5% less likely to earn a Master's Degree, and 0.1% less likely to graduate with a Doctoral Degree.

Now, we'll look at foreclosure specialists, who generally average a lower pay when compared to bank officers annual salary. In fact, the difference is about $38,474 per year.

While both bank officers and foreclosure specialists complete day-to-day tasks using similar skills like real estate, mortgage loans, and fha, the two careers also vary in other skills.

Each job requires different skills like "customer service," "business development," "bank products," and "client relationships," which might show up on a bank officer resume. Whereas foreclosure specialist might include skills like "foreclosure process," "insurer," "loss mitigation," and "litigation."

In general, foreclosure specialists reach lower levels of education when compared to bank officers resumes. Foreclosure specialists are 7.9% less likely to earn their Master's Degree and 0.9% more likely to graduate with a Doctoral Degree.