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The differences between commercial bankers and senior underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial banker has an average salary of $78,697, which is higher than the $69,375 average annual salary of a senior underwriter.
The top three skills for a commercial banker include customer service, business development and treasury. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.
| Commercial Banker | Senior Underwriter | |
| Yearly salary | $78,697 | $69,375 |
| Hourly rate | $37.84 | $33.35 |
| Growth rate | 4% | -4% |
| Number of jobs | 45,270 | 6,726 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 71% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
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 senior underwriter is responsible for evaluating the eligibility of an applicant for loan application processing. Senior underwriters verify the applicant's information, including their credit score and other valid documents, ensuring that the applicant fulfills the loan application's parameters. They check the applicant's portfolios and provide them the next necessary steps and the alternatives for loan types. A senior underwriter must have excellent knowledge of the loan processes and underwriting procedures to analyze applications and make accurate decisions.
Commercial bankers and senior underwriters have different pay scales, as shown below.
| Commercial Banker | Senior Underwriter | |
| Average salary | $78,697 | $69,375 |
| Salary range | Between $51,000 And $121,000 | Between $44,000 And $108,000 |
| Highest paying City | Seattle, WA | New York, NY |
| Highest paying state | New Mexico | New York |
| Best paying company | Northern Trust | Capital Group |
| Best paying industry | Finance | Insurance |
There are a few differences between a commercial banker and a senior underwriter in terms of educational background:
| Commercial Banker | Senior Underwriter | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial bankers' and senior underwriters' demographics:
| Commercial Banker | Senior Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 63.5% Female, 36.5% | Male, 42.0% Female, 58.0% |
| 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, 9.3% Unknown, 2.5% Hispanic or Latino, 9.4% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |