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The differences between bankers and business bankers 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 a business banker. Additionally, a business banker has an average salary of $69,423, 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 a business banker are customer service, financial products, and financial services.
| Banker | Business Banker | |
| Yearly salary | $44,463 | $69,423 |
| Hourly rate | $21.38 | $33.38 |
| Growth rate | 10% | 10% |
| Number of jobs | 29,725 | 70,054 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 66% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
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.
A business banker is an individual who collaborates with other bank coworkers to help business customers meet their specific banking needs. Business bankers must sell a variety of banking products and services such as business deposit accounts, treasury management, and business credit cards. They are required to maintain consistent communication with their clients through outbound calls and personal onsite visits. Business bankers must also devise and modify loan schemes depending on the market requirements as well as study the schemes offered by competitors.
Bankers and business bankers have different pay scales, as shown below.
| Banker | Business Banker | |
| Average salary | $44,463 | $69,423 |
| Salary range | Between $20,000 And $97,000 | Between $39,000 And $121,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Citi | - |
| Best paying industry | Finance | - |
There are a few differences between a banker and a business banker in terms of educational background:
| Banker | Business Banker | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bankers' and business bankers' demographics:
| Banker | Business Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 63.3% Female, 36.7% |
| 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, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |