Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between bankers and finance analysts 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 finance analyst. Additionally, a finance analyst has an average salary of $69,887, 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 finance analyst are financial analysis, financial models, and financial data.
| Banker | Finance Analyst | |
| Yearly salary | $44,463 | $69,887 |
| Hourly rate | $21.38 | $33.60 |
| Growth rate | 10% | 9% |
| Number of jobs | 29,725 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 76% |
| Average age | 43 | 40 |
| 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 finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Bankers and finance analysts have different pay scales, as shown below.
| Banker | Finance Analyst | |
| Average salary | $44,463 | $69,887 |
| Salary range | Between $20,000 And $97,000 | Between $46,000 And $104,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | Citi | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a banker and a finance analyst in terms of educational background:
| Banker | Finance Analyst | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bankers' and finance analysts' demographics:
| Banker | Finance Analyst | |
| Average age | 43 | 40 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 56.2% Female, 43.8% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 6% | 7% |