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The differences between bankers and lawyers 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 lawyer. Additionally, a lawyer has an average salary of $115,808, 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 lawyer are litigation, law firm, and legal issues.
| Banker | Lawyer | |
| Yearly salary | $44,463 | $115,808 |
| Hourly rate | $21.38 | $55.68 |
| Growth rate | 10% | 10% |
| Number of jobs | 29,725 | 2,897 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 51% |
| Average age | 43 | 46 |
| 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 lawyer is a legal practitioner who specializes in understanding and interpreting laws and other legal matters. Their responsibilities revolve around providing legal counseling and advice, representing clients in different kinds of court proceedings, conducting research, collecting evidence, and coordinating with various experts. A lawyer must also manage and oversee the performance of assistants, paralegals, and other team members. Furthermore, there are instances when a lawyer must draft or manage documents such as contracts, trusts, deeds, and wills, assisting clients as needed.
Bankers and lawyers have different pay scales, as shown below.
| Banker | Lawyer | |
| Average salary | $44,463 | $115,808 |
| Salary range | Between $20,000 And $97,000 | Between $64,000 And $208,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | Citi | Nelson Mullins Riley & Scarborough |
| Best paying industry | Finance | - |
There are a few differences between a banker and a lawyer in terms of educational background:
| Banker | Lawyer | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 51% |
| Most common major | Business | Law |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between bankers' and lawyers' demographics:
| Banker | Lawyer | |
| Average age | 43 | 46 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 48.5% Female, 51.5% |
| 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, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 76.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 6% | 10% |