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The differences between business executives and business bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business executive, becoming a business banker takes usually requires 2-4 years. Additionally, a business banker has an average salary of $69,423, which is higher than the $63,101 average annual salary of a business executive.
The top three skills for a business executive include customer service, customer satisfaction and revenue growth. The most important skills for a business banker are customer service, financial products, and financial services.
| Business Executive | Business Banker | |
| Yearly salary | $63,101 | $69,423 |
| Hourly rate | $30.34 | $33.38 |
| Growth rate | 6% | 10% |
| Number of jobs | 138,097 | 70,054 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Average age | 44 | 43 |
| Years of experience | 6 | 4 |
The duties of a business executive depend upon their position and industry of employment. In general, they are in charge of spearheading and overseeing business operations to ensure that everything runs smoothly and efficiently. They typically have the power to make corporate decisions, set goals and budgets, establish guidelines and timelines, negotiate with potential business partners, and develop business strategies to optimize overall operations. Moreover, a business executive implements and promotes company policies and regulations, creating new ones as needed.
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 executives and business bankers have different pay scales, as shown below.
| Business Executive | Business Banker | |
| Average salary | $63,101 | $69,423 |
| Salary range | Between $29,000 And $135,000 | Between $39,000 And $121,000 |
| Highest paying City | Albany, NY | - |
| Highest paying state | New York | - |
| Best paying company | The Walt Disney Company | - |
| Best paying industry | - | - |
There are a few differences between a business executive and a business banker in terms of educational background:
| Business Executive | Business Banker | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business executives' and business bankers' demographics:
| Business Executive | Business Banker | |
| Average age | 44 | 43 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 63.3% Female, 36.7% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% | 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 | 10% | 6% |