Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between banking associates and float tellers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a banking associate has an average salary of $81,890, which is higher than the $32,064 average annual salary of a float teller.
The top three skills for a banking associate include excellent interpersonal, strong customer service and financial transactions. The most important skills for a float teller are cash handling, branch management, and excellent client.
| Banking Associate | Float Teller | |
| Yearly salary | $81,890 | $32,064 |
| Hourly rate | $39.37 | $15.42 |
| Growth rate | -12% | -12% |
| Number of jobs | 18,919 | 14,928 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 49% |
| Average age | 39 | 39 |
| Years of experience | - | - |
A banking associate's role is to build positive relationships with clients by performing support tasks. Their responsibilities revolve around greeting clients, processing requests and documentation, gathering and verifying requirements, responding to inquiries and concerns, and offering other services and products to clients. They may also produce progress reports, financial statements, coordinate with team members, and liaise with external agencies. Furthermore, as a banking associate, it is essential to handle issues and complaints, all while adhering to the bank's policies and regulations.
A float teller typically works at different understaffed banks for a limited amount of time. Just like most tellers, their responsibilities usually include assisting clients by answering inquiries, processing withdrawals and deposits, opening and closing accounts, directing clients to banking personnel, offering products and services, or referring them to other offices when necessary. They also perform clerical tasks such as handling calls and correspondence, organizing files, preparing documents, and liaising with internal and external parties. Moreover, a float teller must maintain an active communication line with co-workers for a smooth and efficient workflow.
Banking associates and float tellers have different pay scales, as shown below.
| Banking Associate | Float Teller | |
| Average salary | $81,890 | $32,064 |
| Salary range | Between $47,000 And $141,000 | Between $26,000 And $39,000 |
| Highest paying City | White Plains, NY | Pensacola, FL |
| Highest paying state | New York | Massachusetts |
| Best paying company | Citi | Santander Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a banking associate and a float teller in terms of educational background:
| Banking Associate | Float Teller | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between banking associates' and float tellers' demographics:
| Banking Associate | Float Teller | |
| Average age | 39 | 39 |
| Gender ratio | Male, 41.8% Female, 58.2% | Male, 25.4% Female, 74.6% |
| Race ratio | Black or African American, 10.1% Unknown, 3.5% Hispanic or Latino, 17.8% Asian, 7.4% White, 60.7% American Indian and Alaska Native, 0.6% | Black or African American, 10.1% Unknown, 3.5% Hispanic or Latino, 15.2% Asian, 7.4% White, 63.2% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 7% |