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The differences between consumer bankers and bankers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a consumer banker and a banker. Additionally, a banker has an average salary of $44,463, which is higher than the $39,462 average annual salary of a consumer banker.
The top three skills for a consumer banker include financial services, securities and cash management. The most important skills for a banker are taking care, financial services, and securities.
| Consumer Banker | Banker | |
| Yearly salary | $39,462 | $44,463 |
| Hourly rate | $18.97 | $21.38 |
| Growth rate | 10% | 10% |
| Number of jobs | 24,716 | 29,725 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 56% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
A consumer banker is responsible for providing efficient banking services, aiming for smooth operations and client satisfaction. Although the extent of their responsibilities depends on their company or place of employment, it typically revolves around assisting clients with different banking procedures, answering inquiries, processing requests such as withdrawals and deposits, opening and closing accounts, maintaining records, and performing data entry tasks. Moreover, a consumer banker typically works in a team environment, which requires an active communication line for an efficient workflow.
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.
Consumer bankers and bankers have different pay scales, as shown below.
| Consumer Banker | Banker | |
| Average salary | $39,462 | $44,463 |
| Salary range | Between $27,000 And $56,000 | Between $20,000 And $97,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Citi |
| Best paying industry | - | Finance |
There are a few differences between a consumer banker and a banker in terms of educational background:
| Consumer Banker | Banker | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between consumer bankers' and bankers' demographics:
| Consumer Banker | Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 42.9% Female, 57.1% | Male, 46.3% Female, 53.7% |
| Race ratio | Black or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.8% Asian, 10.7% White, 67.5% American Indian and Alaska Native, 0.2% | 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 | 6% | 6% |