Branch banker vs asset manager

The differences between branch bankers and asset managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a branch banker and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $33,076 average annual salary of a branch banker.

The top three skills for a branch banker include customer service, excellent interpersonal and customer relationships. The most important skills for an asset manager are asset management, financial statements, and property management.

Branch banker vs asset manager overview

	Branch Banker	Asset Manager
Yearly salary	$33,076	$85,814
Hourly rate	$15.90	$41.26
Growth rate	17%	17%
Number of jobs	25,853	64,732
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 68%
Average age	46	46
Years of experience	8	8

What does a branch banker do?

A branch banker is responsible for assisting the customers in performing their financial transactions, updating their account information, and resolving bank discrepancies. Branch bankers guide the customers in handling their personal finances and recommend financial services according to the customers' needs and qualifications. They also create financial reports and identify opportunities that would generate more revenue resources by conducting data and statistical reviews. A branch banker must have excellent analytical skills, as well as extensive knowledge of the financial industry, to manage financial functions and set regulations accordingly.

What does an asset manager do?

An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.

Branch banker vs asset manager salary

Branch bankers and asset managers have different pay scales, as shown below.

	Branch Banker	Asset Manager
Average salary	$33,076	$85,814
Salary range	Between $26,000 And $41,000	Between $59,000 And $123,000
Highest paying City	San Jose, CA	New York, NY
Highest paying state	Alaska	New York
Best paying company	J.P. Morgan	Deutsche Bank
Best paying industry	Finance	Finance

Differences between branch banker and asset manager education

There are a few differences between a branch banker and an asset manager in terms of educational background:

	Branch Banker	Asset Manager
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Branch banker vs asset manager demographics

Here are the differences between branch bankers' and asset managers' demographics:

	Branch Banker	Asset Manager
Average age	46	46
Gender ratio	Male, 32.2% Female, 67.8%	Male, 64.3% Female, 35.7%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.7% American Indian and Alaska Native, 0.3%	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between branch banker and asset manager duties and responsibilities

Branch banker example responsibilities.

Manage customer portfolios, service relationships, and used profiling analysis tools to identify cross-selling opportunities.
Have NMLS #for initiating loans.
Oversee entire loan process including application, origination, and closing.
Maintain the vault, the ATM, and associate security procedures.
Send and receive wire transfers, NMLS certify, handle client complaints, etc.
Process all teller transactions and balance individual cash drawer, branch vault, and ATM.

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Asset manager example responsibilities.

Manage and improve the processes require to support server end of life and normal windows patching processes.
Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.

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Branch banker vs asset manager skills

Common branch banker skills

Customer Service, 16%
Excellent Interpersonal, 15%
Customer Relationships, 10%
Financial Solutions, 8%
Loan Payments, 6%
Bank Products, 5%

Common asset manager skills

Asset Management, 20%
Financial Statements, 7%
Property Management, 7%
Customer Service, 6%
Oversight, 5%
Loan Portfolio, 5%

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Updated January 8, 2025

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