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The differences between bankers and relationship 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 relationship banker. Additionally, a banker has an average salary of $44,463, which is higher than the $37,091 average annual salary of a relationship banker.
The top three skills for a banker include taking care, financial services and securities. The most important skills for a relationship banker are excellent interpersonal, financial services, and work ethic.
| Banker | Relationship Banker | |
| Yearly salary | $44,463 | $37,091 |
| Hourly rate | $21.38 | $17.83 |
| Growth rate | 10% | 10% |
| Number of jobs | 29,725 | 34,587 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 64% |
| 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 relationship banker is responsible for providing financial advice by applying financial disciplines in the banking industry. Relationship bankers process financial transactions on their clients' bank accounts, generate account statements, and reiterate bank policies to support clients' financial goals and objectives. They also research the current financial industry, identify new bank services opportunities to gain more clients, and increase profits for the business. A relationship banker must have excellent communication and customer service skills, responding to the clients' inquiries and concerns regarding their bank accounts, and resolving complaints timely and efficiently.
Bankers and relationship bankers have different pay scales, as shown below.
| Banker | Relationship Banker | |
| Average salary | $44,463 | $37,091 |
| Salary range | Between $20,000 And $97,000 | Between $28,000 And $48,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Santander Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a banker and a relationship banker in terms of educational background:
| Banker | Relationship Banker | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bankers' and relationship bankers' demographics:
| Banker | Relationship Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 46.6% Female, 53.4% |
| 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, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |