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The differences between commercial bankers and commercial credit analysts 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 commercial credit analyst takes usually requires 1-2 years. Additionally, a commercial banker has an average salary of $78,697, which is higher than the $66,482 average annual salary of a commercial credit analyst.
The top three skills for a commercial banker include customer service, business development and treasury. The most important skills for a commercial credit analyst are credit analysis, customer service, and strong analytical.
| Commercial Banker | Commercial Credit Analyst | |
| Yearly salary | $78,697 | $66,482 |
| Hourly rate | $37.84 | $31.96 |
| Growth rate | 4% | 4% |
| Number of jobs | 45,270 | 42,862 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 80% |
| Average age | 45 | 39 |
| Years of experience | 6 | 2 |
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 commercial credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
Commercial bankers and commercial credit analysts have different pay scales, as shown below.
| Commercial Banker | Commercial Credit Analyst | |
| Average salary | $78,697 | $66,482 |
| Salary range | Between $51,000 And $121,000 | Between $46,000 And $94,000 |
| Highest paying City | Seattle, WA | Burlingame, CA |
| Highest paying state | New Mexico | California |
| Best paying company | Northern Trust | HSBC Bank |
| Best paying industry | Finance | Automotive |
There are a few differences between a commercial banker and a commercial credit analyst in terms of educational background:
| Commercial Banker | Commercial Credit Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 80% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial bankers' and commercial credit analysts' demographics:
| Commercial Banker | Commercial Credit Analyst | |
| Average age | 45 | 39 |
| Gender ratio | Male, 63.5% Female, 36.5% | Male, 61.6% Female, 38.4% |
| 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, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 11% |