A consumer banker, sometimes called a personal banker, works with individual consumers as opposed to bankers that work with businesses. They help clients set up and access banking services such as accounts and loans. They are able to match clients with the best services for their needs thanks to their extensive financial knowledge, which allows them to assess a client's application and recommend the bank's services. Besides their financial acumen, consumer bankers need excellent communications and sales skills to build relationships with clients and attract new customers to the bank. They also need to be highly organized to manage client data and handle the paperwork that comes with opening a bank account.
Some consumer bankers only need an associate's degree to find a job. However, most banks require at least a bachelor's degree in business or a related subject.
Consumer bankers don't need much experience in banking, but it helps if they have a few years of customer service experience. They earn an average salary of $31,393 a year and are in a prime position to advance within the bank.
There is more than meets the eye when it comes to being a consumer banker. For example, did you know that they make an average of $17.26 an hour? That's $35,892 a year!
Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.
There are certain skills that many consumer bankers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, customer-service skills and detail oriented.
When it comes to the most important skills required to be a consumer banker, we found that a lot of resumes listed 22.9% of consumer bankers included new clients, while 16.2% of resumes included financial services, and 13.0% of resumes included financial needs. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the consumer banker job title. But what industry to start with? Most consumer bankers actually find jobs in the finance and technology industries.
If you're interested in becoming a consumer banker, one of the first things to consider is how much education you need. We've determined that 59.4% of consumer bankers have a bachelor's degree. In terms of higher education levels, we found that 7.1% of consumer bankers have master's degrees. Even though most consumer bankers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a consumer banker. When we researched the most common majors for a consumer banker, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on consumer banker resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a consumer banker. In fact, many consumer banker jobs require experience in a role such as customer service representative. Meanwhile, many consumer bankers also have previous career experience in roles such as teller or sales associate.