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Corporate banking officer vs loan consultant

The differences between corporate banking officers and loan consultants 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 loan consultant. Additionally, a corporate banking officer has an average salary of $91,218, which is higher than the $38,876 average annual salary of a loan consultant.

The top three skills for a corporate banking officer include cash management, corporate banking and risk management. The most important skills for a loan consultant are loan applications, origination, and customer service.

Corporate banking officer vs loan consultant overview

Corporate Banking OfficerLoan Consultant
Yearly salary$91,218$38,876
Hourly rate$43.85$18.69
Growth rate4%4%
Number of jobs71,78423,448
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 62%
Average age4545
Years of experience66

Corporate banking officer vs loan consultant salary

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

Corporate Banking OfficerLoan Consultant
Average salary$91,218$38,876
Salary rangeBetween $58,000 And $141,000Between $27,000 And $54,000
Highest paying CitySan Francisco, CASioux Falls, SD
Highest paying stateWashingtonSouth Dakota
Best paying companyWestpacAccion
Best paying industryFinanceFinance

Differences between corporate banking officer and loan consultant education

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

Corporate Banking OfficerLoan Consultant
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 62%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Corporate banking officer vs loan consultant demographics

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

Corporate Banking OfficerLoan Consultant
Average age4545
Gender ratioMale, 63.1% Female, 36.9%Male, 57.2% Female, 42.8%
Race ratioBlack 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, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.3% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between corporate banking officer and loan consultant 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.
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Loan consultant example responsibilities.

  • Manage a multifacete commercial real estate investment firm.
  • Facilitate the entire residential loan transaction from underwriting under regulatory compliance, processing, loan origination and marketing.
  • Originate conventional, FHA, VA and PHFA mortgages, while establishing and maintaining relationships with referral sources.
  • Consult with attorneys, VA & FHA, appraisers, and construction and lending officials for loan conveyances and loan closings.
  • Validate income, assets and credit/liability documentation to support origination underwriting guidelines in addition to collection of supporting documentation.
  • Maintain a sound knowledge of investor guidelines, DU guidelines.
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Corporate banking officer vs loan consultant skills

Common corporate banking officer skills
  • Cash Management, 25%
  • Corporate Banking, 23%
  • Risk Management, 8%
  • Client Relationships, 7%
  • Treasury, 7%
  • Loan Portfolio, 5%
Common loan consultant skills
  • Loan Applications, 21%
  • Origination, 11%
  • Customer Service, 9%
  • Financial Services, 6%
  • Inbound Calls, 5%
  • Business Development, 4%

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