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The differences between bankers and finance & sales representatives 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 & sales representative. Additionally, a finance & sales representative has an average salary of $86,114, 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 & sales representative are financial products, work ethic, and customer service.
| Banker | Finance & Sales Representative | |
| Yearly salary | $44,463 | $86,114 |
| Hourly rate | $21.38 | $41.40 |
| Growth rate | 10% | 10% |
| Number of jobs | 29,725 | 175,031 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 67% |
| 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 finance and sales representative is responsible for selling financial services and instruments to clients according to their needs and requirements. Finance and sales representatives identify the clients' long-term financial goals and objectives to provide accurate investment options and plans by considering their risk tolerance and credit performance. They also follow the movement of the stock market and inform the clients of any changes that may affect their portfolio and financial stability. A finance and sales representative must have excellent analytical and communication skills, especially in handling client accounts and developing financial strategies for their best interests.
Bankers and finance & sales representatives have different pay scales, as shown below.
| Banker | Finance & Sales Representative | |
| Average salary | $44,463 | $86,114 |
| Salary range | Between $20,000 And $97,000 | Between $62,000 And $119,000 |
| 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 finance & sales representative in terms of educational background:
| Banker | Finance & Sales Representative | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bankers' and finance & sales representatives' demographics:
| Banker | Finance & Sales Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 57.3% Female, 42.7% |
| 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, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 9.9% White, 68.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |