Corporate banking officer vs closer

The differences between corporate banking officers and closers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a corporate banking officer and a closer. Additionally, a corporate banking officer has an average salary of $91,218, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a corporate banking officer include cash management, corporate banking and risk management. The most important skills for a closer are customer service, cleanliness, and punctuality.

Corporate banking officer vs closer overview

	Corporate Banking Officer	Closer
Yearly salary	$91,218	$29,291
Hourly rate	$43.85	$14.08
Growth rate	4%	4%
Number of jobs	71,784	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Corporate banking officer vs closer salary

Corporate banking officers and closers have different pay scales, as shown below.

	Corporate Banking Officer	Closer
Average salary	$91,218	$29,291
Salary range	Between $58,000 And $141,000	Between $20,000 And $40,000
Highest paying City	San Francisco, CA	Greece, NY
Highest paying state	Washington	Hawaii
Best paying company	Westpac	GPAC
Best paying industry	Finance	-

Differences between corporate banking officer and closer education

There are a few differences between a corporate banking officer and a closer in terms of educational background:

	Corporate Banking Officer	Closer
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 35%
Most common major	Finance	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Corporate banking officer vs closer demographics

Here are the differences between corporate banking officers' and closers' demographics:

	Corporate Banking Officer	Closer
Average age	45	45
Gender ratio	Male, 63.1% Female, 36.9%	Male, 45.0% Female, 55.0%
Race ratio	Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.7% American Indian and Alaska Native, 0.5%	Black or African American, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 6.1% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between corporate banking officer and closer duties and responsibilities

Corporate banking officer example responsibilities.

Manage a combination of commercial and personal banking relationships, and promote cross-selling across multiple product lines.
Complete random audits on vaults, ATM's, cash boxes, and cash machines.
Monitor and track securities transactions, fund transfers, margin accounts.
Assist in cross selling new treasury services to existing clients in order to increase revenue.
Service and fund all daily treasury and corporate credit functions, checking for loan compliance and legal documentation.
Supervise end-of-dayprocessing for: teller, vault and ATM cash balancing, wire transfers, overdrafts and checkprocessing.

Closer example responsibilities.

Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
Process conventional, FHA, VA and USDA loans, clearing conditions before submission.
Clear property conditions for insurance and title on all FHA, VA and USDA loans.
Submit information to mortgage insurance carriers, FHA, VA, FHLMC, and FNMA for workout alternatives to foreclosure.
Coordinate with foreclosure and eviction and litigation teams to ensure properties are in transferable condition prior to closing.
Prepare high volume of loan closing packages under a variety of loan programs including conventional, FHA and VA.

Corporate banking officer vs closer skills

Common corporate banking officer skills

Cash Management, 25%
Corporate Banking, 23%
Risk Management, 8%
Client Relationships, 7%
Treasury, 7%
Loan Portfolio, 5%

Common closer skills

Customer Service, 42%
Cleanliness, 31%
Punctuality, 8%
Dependability, 4%
Food Orders, 4%
Work Ethic, 1%