Banker vs accountant

The differences between bankers and accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a banker and an accountant. Additionally, an accountant has an average salary of $54,890, which is higher than the $44,463 average annual salary of a banker.

The top three skills for a banker include taking care, financial services and securities. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.

Banker vs accountant overview

	Banker	Accountant
Yearly salary	$44,463	$54,890
Hourly rate	$21.38	$26.39
Growth rate	10%	6%
Number of jobs	29,725	60,073
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 71%
Average age	43	44
Years of experience	4	4

What does a banker do?

A banker is primarily responsible for assisting clients with their banking needs, particularly when withdrawing, depositing, and paying. Aside from handling transactions, bankers are also mainly responsible for opening and closing accounts, processing requirements, verifying the validity of documentation, recommending services and other financial options to clients, and resolving inquiries and concerns. A banker may answer calls and correspondence, coordinate with other banking personnel, maintain accurate data, and discuss conditions to clients thoroughly. Furthermore, because a banker mainly works with clients, it is essential to attain customer satisfaction.

What does an accountant do?

An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.

Banker vs accountant salary

Bankers and accountants have different pay scales, as shown below.

	Banker	Accountant
Average salary	$44,463	$54,890
Salary range	Between $20,000 And $97,000	Between $41,000 And $72,000
Highest paying City	New York, NY	Washington, DC
Highest paying state	New York	New York
Best paying company	Citi	Meta
Best paying industry	Finance	Technology

Differences between banker and accountant education

There are a few differences between a banker and an accountant in terms of educational background:

	Banker	Accountant
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 71%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Banker vs accountant demographics

Here are the differences between bankers' and accountants' demographics:

	Banker	Accountant
Average age	43	44
Gender ratio	Male, 46.3% Female, 53.7%	Male, 38.2% Female, 61.8%
Race ratio	Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% American Indian and Alaska Native, 0.2%	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	6%	7%

Differences between banker and accountant duties and responsibilities

Banker example responsibilities.

Manage a mortgage, banking and securities base lending pipeline for one of the top lending branches in the firm.
Manage a variety of internal initiatives including merchandising, cross-selling, customer retention programs and promotional campaigns.
Earn numerous reward certificates for level of sales and customer service through QA.
Qualify potential members for membership by opening checking accounts, savings accounts, IRAs, CDs, and processing loan applications.
Follow appropriate VL guidelines to ensure compliance with QA and banking regulations.
Pass series 6 , 63 and insurance exams as registered member of FINRA.

Accountant example responsibilities.

Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
Manage personnel financial matters including salaries, taxation procedures and other relate issues.
Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.

Banker vs accountant skills

Common banker skills

Taking Care, 15%
Financial Services, 10%
Securities, 6%
Bank Products, 5%
NMLS, 5%
Upselling, 4%

Common accountant skills

Reconciliations, 14%
General Ledger Accounts, 6%
Account Reconciliations, 6%
GAAP, 5%
Payroll Tax Returns, 5%
Customer Service, 5%

Banker vs. similar jobs

Banker related careers

Banker related jobs

What similar roles do

Zippia Careers
Sales Industry
Banker
Banker vs Accountant

Updated January 8, 2025

Browse sales jobs