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The differences between business bankers and finance & sales representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a business banker and a finance & sales representative. Additionally, a finance & sales representative has an average salary of $86,114, which is higher than the $69,423 average annual salary of a business banker.
The top three skills for a business banker include customer service, financial products and financial services. The most important skills for a finance & sales representative are financial products, work ethic, and customer service.
| Business Banker | Finance & Sales Representative | |
| Yearly salary | $69,423 | $86,114 |
| Hourly rate | $33.38 | $41.40 |
| Growth rate | 10% | 10% |
| Number of jobs | 70,054 | 175,031 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
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.
A finance and sales representative is responsible for selling financial services and instruments to clients according to their needs and requirements. Finance and sales representatives identify the clients' long-term financial goals and objectives to provide accurate investment options and plans by considering their risk tolerance and credit performance. They also follow the movement of the stock market and inform the clients of any changes that may affect their portfolio and financial stability. A finance and sales representative must have excellent analytical and communication skills, especially in handling client accounts and developing financial strategies for their best interests.
Business bankers and finance & sales representatives have different pay scales, as shown below.
| Business Banker | Finance & Sales Representative | |
| Average salary | $69,423 | $86,114 |
| Salary range | Between $39,000 And $121,000 | Between $62,000 And $119,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a business banker and a finance & sales representative in terms of educational background:
| Business Banker | Finance & Sales Representative | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business bankers' and finance & sales representatives' demographics:
| Business Banker | Finance & Sales Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 57.3% Female, 42.7% |
| Race ratio | 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% | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 9.9% White, 68.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |