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The differences between bankruptcy specialists and bank specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a bankruptcy specialist and a bank specialist. Additionally, a bank specialist has an average salary of $42,779, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a bankruptcy specialist include relief, pacer and foreclosure. The most important skills for a bank specialist are bank products, strong customer service, and customer relationships.
| Bankruptcy Specialist | Bank Specialist | |
| Yearly salary | $35,498 | $42,779 |
| Hourly rate | $17.07 | $20.57 |
| Growth rate | 10% | 10% |
| Number of jobs | 4,381 | 22,225 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 62% |
| Average age | 46 | 43 |
| Years of experience | 4 | 4 |
The bankruptcy specialist is responsible for filing and documentation loan bankruptcy materials with the appropriate attorneys. They ensure full compliance with loan bankruptcy regulations and monitor accounts throughout the loan bankruptcy process to contact the appropriate party when necessary. A bankruptcy specialist might be an administrator or lawyer in a bankruptcy office and supports bankruptcy law. They are likely to evaluate state declaration and affidavits for legal progression, interact with customers and outside counsel about bankruptcy proceedings through written and verbal communication, and work with local counsel and upper management in effectively reviewing client's files.
A bank or banking specialist is an individual responsible for maintaining effective business relationships with the bank's clients while ensuring an optimal customer service level. To support customer retention, bank specialists must identify their customers' banking needs and suggest appropriate bank products and services. They perform teller functions such as processing customer deposits, cashing checks, and issuing official checks. Bank specialists must also ensure that the bank complies with government regulations and standards.
Bankruptcy specialists and bank specialists have different pay scales, as shown below.
| Bankruptcy Specialist | Bank Specialist | |
| Average salary | $35,498 | $42,779 |
| Salary range | Between $27,000 And $46,000 | Between $28,000 And $64,000 |
| Highest paying City | Norfolk, VA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | The PNC Financial Services Group | Goldman Sachs |
| Best paying industry | Finance | Finance |
There are a few differences between a bankruptcy specialist and a bank specialist in terms of educational background:
| Bankruptcy Specialist | Bank Specialist | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between bankruptcy specialists' and bank specialists' demographics:
| Bankruptcy Specialist | Bank Specialist | |
| Average age | 46 | 43 |
| Gender ratio | Male, 31.0% Female, 69.0% | Male, 45.3% Female, 54.7% |
| Race ratio | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.2% American Indian and Alaska Native, 0.3% | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 11.4% White, 66.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 6% |