Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between branch bankers and relationship bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a branch banker, becoming a relationship banker takes usually requires 2-4 years. Additionally, a relationship banker has an average salary of $37,091, 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 relationship banker are excellent interpersonal, financial services, and work ethic.
| Branch Banker | Relationship Banker | |
| Yearly salary | $33,076 | $37,091 |
| Hourly rate | $15.90 | $17.83 |
| Growth rate | 17% | 10% |
| Number of jobs | 25,853 | 34,587 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 64% |
| Average age | 46 | 43 |
| Years of experience | 8 | 4 |
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 relationship banker is responsible for providing financial advice by applying financial disciplines in the banking industry. Relationship bankers process financial transactions on their clients' bank accounts, generate account statements, and reiterate bank policies to support clients' financial goals and objectives. They also research the current financial industry, identify new bank services opportunities to gain more clients, and increase profits for the business. A relationship banker must have excellent communication and customer service skills, responding to the clients' inquiries and concerns regarding their bank accounts, and resolving complaints timely and efficiently.
Branch bankers and relationship bankers have different pay scales, as shown below.
| Branch Banker | Relationship Banker | |
| Average salary | $33,076 | $37,091 |
| Salary range | Between $26,000 And $41,000 | Between $28,000 And $48,000 |
| Highest paying City | San Jose, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | J.P. Morgan | Santander Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a branch banker and a relationship banker in terms of educational background:
| Branch Banker | Relationship Banker | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between branch bankers' and relationship bankers' demographics:
| Branch Banker | Relationship Banker | |
| Average age | 46 | 43 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 46.6% Female, 53.4% |
| 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, 5.4% Unknown, 4.1% Hispanic or Latino, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 6% |