Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between consumer bankers and banking associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a banking associate has an average salary of $81,890, 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 banking associate are excellent interpersonal, strong customer service, and financial transactions.
| Consumer Banker | Banking Associate | |
| Yearly salary | $39,462 | $81,890 |
| Hourly rate | $18.97 | $39.37 |
| Growth rate | 10% | -12% |
| Number of jobs | 24,716 | 18,919 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 63% |
| Average age | 43 | 39 |
| Years of experience | 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 banking associate's role is to build positive relationships with clients by performing support tasks. Their responsibilities revolve around greeting clients, processing requests and documentation, gathering and verifying requirements, responding to inquiries and concerns, and offering other services and products to clients. They may also produce progress reports, financial statements, coordinate with team members, and liaise with external agencies. Furthermore, as a banking associate, it is essential to handle issues and complaints, all while adhering to the bank's policies and regulations.
Consumer bankers and banking associates have different pay scales, as shown below.
| Consumer Banker | Banking Associate | |
| Average salary | $39,462 | $81,890 |
| Salary range | Between $27,000 And $56,000 | Between $47,000 And $141,000 |
| Highest paying City | - | White Plains, 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 banking associate in terms of educational background:
| Consumer Banker | Banking Associate | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between consumer bankers' and banking associates' demographics:
| Consumer Banker | Banking Associate | |
| Average age | 43 | 39 |
| Gender ratio | Male, 42.9% Female, 57.1% | Male, 41.8% Female, 58.2% |
| 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, 10.1% Unknown, 3.5% Hispanic or Latino, 17.8% Asian, 7.4% White, 60.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 6% | 7% |