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The differences between commercial bankers and 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 commercial banker, becoming a banker takes usually requires 2-4 years. Additionally, a commercial banker has an average salary of $78,697, which is higher than the $44,463 average annual salary of a banker.
The top three skills for a commercial banker include customer service, business development and treasury. The most important skills for a banker are taking care, financial services, and securities.
| Commercial Banker | Banker | |
| Yearly salary | $78,697 | $44,463 |
| Hourly rate | $37.84 | $21.38 |
| Growth rate | 4% | 10% |
| Number of jobs | 45,270 | 29,725 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 56% |
| Average age | 45 | 43 |
| Years of experience | 6 | 4 |
A commercial banker is responsible for providing financial advice and selling financial instruments to corporate clients according to their business needs and specifications. Commercial bankers process the opening and registration of corporate client accounts, updating the clients with current financial services, and resolving account disputes. They also manage investment options and identify opportunities that would help the bank gain more prospective clients that would increase the company's revenues and profitability. A commercial banker must have excellent knowledge of the banking industry to determine banking solutions for clients for their best interests.
A banker is primarily responsible for assisting clients with their banking needs, particularly when withdrawing, depositing, and paying. Aside from handling transactions, bankers are also mainly responsible for opening and closing accounts, processing requirements, verifying the validity of documentation, recommending services and other financial options to clients, and resolving inquiries and concerns. A banker may answer calls and correspondence, coordinate with other banking personnel, maintain accurate data, and discuss conditions to clients thoroughly. Furthermore, because a banker mainly works with clients, it is essential to attain customer satisfaction.
Commercial bankers and bankers have different pay scales, as shown below.
| Commercial Banker | Banker | |
| Average salary | $78,697 | $44,463 |
| Salary range | Between $51,000 And $121,000 | Between $20,000 And $97,000 |
| Highest paying City | Seattle, WA | New York, NY |
| Highest paying state | New Mexico | New York |
| Best paying company | Northern Trust | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a commercial banker and a banker in terms of educational background:
| Commercial Banker | Banker | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial bankers' and bankers' demographics:
| Commercial Banker | Banker | |
| Average age | 45 | 43 |
| Gender ratio | Male, 63.5% Female, 36.5% | Male, 46.3% Female, 53.7% |
| Race ratio | Black or African American, 9.7% Unknown, 4.7% Hispanic or Latino, 14.7% Asian, 6.6% White, 63.8% American Indian and Alaska Native, 0.5% | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 6% |