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The differences between branch bankers and risk 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 risk manager. Additionally, a risk manager has an average salary of $116,072, 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 risk manager are oversight, risk assessments, and project management.
| Branch Banker | Risk Manager | |
| Yearly salary | $33,076 | $116,072 |
| Hourly rate | $15.90 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 25,853 | 75,795 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 66% |
| 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 risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Branch bankers and risk managers have different pay scales, as shown below.
| Branch Banker | Risk Manager | |
| Average salary | $33,076 | $116,072 |
| Salary range | Between $26,000 And $41,000 | Between $84,000 And $160,000 |
| Highest paying City | San Jose, CA | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | J.P. Morgan | Credit Karma |
| Best paying industry | Finance | Technology |
There are a few differences between a branch banker and a risk manager in terms of educational background:
| Branch Banker | Risk Manager | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between branch bankers' and risk managers' demographics:
| Branch Banker | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 59.3% Female, 40.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |