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The differences between branch bankers and portfolio 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 a portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, 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 a portfolio manager are portfolio management, customer service, and risk management.
| Branch Banker | Portfolio Manager | |
| Yearly salary | $33,076 | $114,671 |
| Hourly rate | $15.90 | $55.13 |
| Growth rate | 17% | 17% |
| Number of jobs | 25,853 | 43,192 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 71% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Branch bankers and portfolio managers have different pay scales, as shown below.
| Branch Banker | Portfolio Manager | |
| Average salary | $33,076 | $114,671 |
| Salary range | Between $26,000 And $41,000 | Between $66,000 And $198,000 |
| Highest paying City | San Jose, CA | Stamford, CT |
| Highest paying state | Alaska | Connecticut |
| Best paying company | J.P. Morgan | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a branch banker and a portfolio manager in terms of educational background:
| Branch Banker | Portfolio Manager | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between branch bankers' and portfolio managers' demographics:
| Branch Banker | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 66.6% Female, 33.4% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |