0 selections
0 selections

Business bankers help entrepreneurs secure the financing they need to start, maintain, or save their businesses. They are usually the first point of contact for anyone seeking to secure a business loan and are usually in charge of deciding if a client's business plan is feasible or not. Thus, they are oftentimes the ones denying or approving business loan applications.

Other job responsibilities of a business banker usually include analyzing loan applications, reviewing clients' financial histories, addressing client concerns, and recommending alternatives when needed. That said, they must have extensive knowledge about business financing, banking protocols, and key financial and insurance matters.

If you want to become a business banker, you need to have a degree in finance, accounting, or other related fields to qualify for most financial institutions. Furthermore, you will need to have good communication, customer service, and, most importantly, decision-making. The job of a business banker can be a lucrative one.

On average, the income for this job is around $31 an hour or roughly $64,000 a year, not including the commissions that can come with successful deals.

There is more than meets the eye when it comes to being a business banker. For example, did you know that they make an average of $22.46 an hour? That's $46,712 a year!

Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.

What Does a Business Banker Do

There are certain skills that many business bankers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed customer-service skills, initiative and analytical skills.

How To Become a Business Banker

If you're interested in becoming a business banker, one of the first things to consider is how much education you need. We've determined that 66.4% of business bankers have a bachelor's degree. In terms of higher education levels, we found that 9.1% of business bankers have master's degrees. Even though most business bankers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a business banker. When we researched the most common majors for a business banker, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on business banker resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a business banker. In fact, many business banker jobs require experience in a role such as personal banker. Meanwhile, many business bankers also have previous career experience in roles such as branch manager or customer service representative.

Business Banker Career Paths

Average Salary for a Business Banker

Business Bankers in America make an average salary of $46,712 per year or $22 per hour. The top 10 percent makes over $87,000 per year, while the bottom 10 percent under $24,000 per year.
Average Business Banker Salary
$46,712 Yearly
$22.46 hourly
$24,000
10 %
$46,000
Median
$87,000
90 %

What Am I Worth?

0 selections
0 selections
salary-calculator

Business Banker Education

Business Banker Majors

41.4 %
13.5 %

Business Banker Degrees

Bachelors

66.4 %

Associate

14.2 %

Masters

9.1 %

Top Colleges for Business Bankers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

Top Skills For a Business Banker

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 9.6% of business bankers listed customer service on their resume, but soft skills such as customer-service skills and initiative are important as well.

  • Customer Service, 9.6%
  • Financial Services, 9.4%
  • Sales Goals, 6.9%
  • Financial Statements, 6.7%
  • Financial Products, 6.6%
  • Other Skills, 60.8%

Choose From 10+ Customizable Business Banker Resume templates

Zippia allows you to choose from different easy-to-use Business Banker templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Business Banker resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume
Business Banker Resume

Business Banker Demographics

Business Banker Gender Distribution

Male
Male
63%
Female
Female
37%

After extensive research and analysis, Zippia's data science team found that:

  • Among business bankers, 36.7% of them are women, while 63.3% are men.

  • The most common race/ethnicity among business bankers is White, which makes up 72.4% of all business bankers.

  • The most common foreign language among business bankers is Spanish at 56.6%.

Online Courses For Business Banker That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Banking Credit Analysis Process (for Bankers)
udemy
4.5
(1,842)

Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...

How to Read Financial Statements: Build Financial Literacy.
udemy
4.4
(392)

Read financial statements and speak the language of business without the drudgery of a traditional accounting course...

Financial Accounting Payroll
udemy
4.4
(889)

Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...

Show More Business Banker Courses
Job type you want
Full Time
Part Time
Internship
Temporary

How Do Business Banker Rate Their Jobs?

Working as a Business Banker? Share your experience anonymously.
Do you work as a Business Banker?
Rate how you like work as Business Banker. It's anonymous and will only take a minute.

Top Business Banker Employers

Most Common Employers For Business Banker

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Citi$92,644$44.54209
2Santander Bank$82,674$39.759
3JPMorgan Chase & Co.$70,913$34.09325
4TCF Financial$69,449$33.3911
5Regions Bank$67,778$32.5924
6Deluxe$66,556$32.0011
7Bank of America$66,259$31.86312
8Wells Fargo$66,102$31.78713
9U.S. Bank$65,862$31.66155
10SunTrust$65,833$31.6531

Business Banker Videos