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The differences between business banking officers and personal lines underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business banking officer has an average salary of $77,195, which is higher than the $69,706 average annual salary of a personal lines underwriter.
The top three skills for a business banking officer include business development, customer relationships and customer service. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Business Banking Officer | Personal Lines Underwriter | |
| Yearly salary | $77,195 | $69,706 |
| Hourly rate | $37.11 | $33.51 |
| Growth rate | 4% | -4% |
| Number of jobs | 110,616 | 19,754 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
A business banking officer is primarily in charge of liaising with clients, ensuring they get to receive prompt and efficient service. Among their responsibilities include identifying the clients' needs, answering inquiries, recommending other services, and addressing issues and concerns, resolving them in a timely manner. Moreover, a business banking officer may also devise networking strategies to identify new business or client opportunities. Above all, it is essential to build positive relationships with clients and adhere to the company's policies and regulations.
A personal lines underwriter works at insurance companies to ensure that clients are eligible to receive insurance services. Their responsibilities include gathering and analyzing insurance applications, verifying client information, studying financial histories and occupational risks, and conducting interviews. They may also perform clerical support tasks such as preparing and processing documents, handling calls and correspondence, and updating databases. Moreover, a personal lines underwriter typically works in a team setting, which requires an active communication line for a smooth and efficient workflow.
Business banking officers and personal lines underwriters have different pay scales, as shown below.
| Business Banking Officer | Personal Lines Underwriter | |
| Average salary | $77,195 | $69,706 |
| Salary range | Between $51,000 And $115,000 | Between $43,000 And $111,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Takeda Pharmaceuticals U.S.A., Inc. | Capital Group |
| Best paying industry | Finance | Insurance |
There are a few differences between a business banking officer and a personal lines underwriter in terms of educational background:
| Business Banking Officer | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business banking officers' and personal lines underwriters' demographics:
| Business Banking Officer | Personal Lines Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 57.8% Female, 42.2% | Male, 43.1% Female, 56.9% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5% | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.8% Asian, 5.7% White, 72.5% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |