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The differences between business advisors and business bankers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $69,423 average annual salary of a business banker.
The top three skills for a business advisor include customer service, project management and business operations. The most important skills for a business banker are customer service, financial products, and financial services.
| Business Advisor | Business Banker | |
| Yearly salary | $96,469 | $69,423 |
| Hourly rate | $46.38 | $33.38 |
| Growth rate | 6% | 10% |
| Number of jobs | 125,154 | 70,054 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Average age | 44 | 43 |
| Years of experience | - | 4 |
Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.
A business banker is an individual who collaborates with other bank coworkers to help business customers meet their specific banking needs. Business bankers must sell a variety of banking products and services such as business deposit accounts, treasury management, and business credit cards. They are required to maintain consistent communication with their clients through outbound calls and personal onsite visits. Business bankers must also devise and modify loan schemes depending on the market requirements as well as study the schemes offered by competitors.
Business advisors and business bankers have different pay scales, as shown below.
| Business Advisor | Business Banker | |
| Average salary | $96,469 | $69,423 |
| Salary range | Between $67,000 And $138,000 | Between $39,000 And $121,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | New Jersey | - |
| Best paying company | Amazon | - |
| Best paying industry | Technology | - |
There are a few differences between a business advisor and a business banker in terms of educational background:
| Business Advisor | Business Banker | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Pennsylvania |
Here are the differences between business advisors' and business bankers' demographics:
| Business Advisor | Business Banker | |
| Average age | 44 | 43 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 63.3% Female, 36.7% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 6% |