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The differences between bankers and merchants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a merchant has an average salary of $74,999, 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 merchant are product development, gross margin, and market trends.
| Banker | Merchant | |
| Yearly salary | $44,463 | $74,999 |
| Hourly rate | $21.38 | $36.06 |
| Growth rate | 10% | - |
| Number of jobs | 29,725 | 15,395 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 57% |
| Average age | 43 | 41 |
| Years of experience | 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 merchant is responsible for selling goods and services for an organization to generate revenues by reaching out to existing and potential customers and discuss the products' features. Merchants must have extensive knowledge of the goods offered by the company to be able to respond to customers' inquiries and concerns accurately. They also maintain the adequacy of inventory for store orders, create purchase requests, and analyze sales performance. A merchant coordinates with the sales and marketing team to develop efficient promotional strategies and increase brand awareness on public platforms.
Bankers and merchants have different pay scales, as shown below.
| Banker | Merchant | |
| Average salary | $44,463 | $74,999 |
| Salary range | Between $20,000 And $97,000 | Between $47,000 And $119,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Citi | Levi Strauss & Co. |
| Best paying industry | Finance | Finance |
There are a few differences between a banker and a merchant in terms of educational background:
| Banker | Merchant | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between bankers' and merchants' demographics:
| Banker | Merchant | |
| Average age | 43 | 41 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 42.1% Female, 57.9% |
| 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, 8.5% Unknown, 5.2% Hispanic or Latino, 23.3% Asian, 7.4% White, 55.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 6% | 7% |