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The differences between bankers and universal bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a banker, becoming a universal banker takes usually requires 6-12 months. Additionally, a banker has an average salary of $44,463, which is higher than the $35,922 average annual salary of a universal banker.
The top three skills for a banker include taking care, financial services and securities. The most important skills for a universal banker are customer relationships, cash handling, and financial services.
| Banker | Universal Banker | |
| Yearly salary | $44,463 | $35,922 |
| Hourly rate | $21.38 | $17.27 |
| Growth rate | 10% | -3% |
| Number of jobs | 29,725 | 28,761 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 53% |
| Average age | 43 | 41 |
| Years of experience | 4 | 12 |
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 universal banker's role is to provide banking assistance to clients by performing a wide range of tasks, ensuring timeliness and customer satisfaction. Their responsibilities revolve around handling and processing accounts, accomplishing requests from clients, and addressing inquiries and complaints, responding to them promptly and efficiently. They must also manage cash drawers, generate referrals, and identify the clients' financial and banking needs. Furthermore, as a universal banker, it is crucial to ensure that all processes comply with the policies and regulations of the bank.
Bankers and universal bankers have different pay scales, as shown below.
| Banker | Universal Banker | |
| Average salary | $44,463 | $35,922 |
| Salary range | Between $20,000 And $97,000 | Between $27,000 And $46,000 |
| Highest paying City | New York, NY | Urban Honolulu, HI |
| Highest paying state | New York | Hawaii |
| Best paying company | Citi | Affinity Credit Union |
| Best paying industry | Finance | Finance |
There are a few differences between a banker and a universal banker in terms of educational background:
| Banker | Universal Banker | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between bankers' and universal bankers' demographics:
| Banker | Universal Banker | |
| Average age | 43 | 41 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 35.1% Female, 64.9% |
| 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, 9.0% Unknown, 3.0% Hispanic or Latino, 20.7% Asian, 9.7% White, 56.7% American Indian and Alaska Native, 0.9% |
| LGBT Percentage | 6% | 11% |