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The differences between escrow assistants and business assistants can be seen in a few details. Each job has different responsibilities and duties. Additionally, an escrow assistant has an average salary of $48,900, which is higher than the $42,247 average annual salary of a business assistant.
The top three skills for an escrow assistant include customer service, HOA and loan packages. The most important skills for a business assistant are customer service, patients, and data entry.
| Escrow Assistant | Business Assistant | |
| Yearly salary | $48,900 | $42,247 |
| Hourly rate | $23.51 | $20.31 |
| Growth rate | 4% | -8% |
| Number of jobs | 1,343 | 98,348 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 58% |
| Average age | 43 | 50 |
| Years of experience | - | 2 |
An escrow assistant is responsible for providing administrative services to real estate businesses, assisting the agents on coordinating with clients, and processing their documents. Escrow assistants review proposals and usually talk with clients for the service terms and disclosures. They also handle payment transfers, update client records on the database, and respond to the client's inquiries for related service alternatives. An escrow assistant must have excellent communication skills, both written and oral, especially on maintaining an organized record of transactions and storing sales documents.
A business assistant is responsible for supporting various office functions, performing administrative and clerical duties to ensure efficient and smooth business operations, and provide high-quality services to the customers and business partners. Business assistants handle data processing procedures, writing business transaction reports, and coordinating with suppliers and third-party vendors for any requests made by the company. They welcome visitors, verify their appointments, and direct them to the appropriate personnel or department for their business concerns. A business assistant also schedules a meeting, assist in accounting and human resources tasks, and support the executives on corporate decisions.
Escrow assistants and business assistants have different pay scales, as shown below.
| Escrow Assistant | Business Assistant | |
| Average salary | $48,900 | $42,247 |
| Salary range | Between $31,000 And $76,000 | Between $29,000 And $60,000 |
| Highest paying City | Juneau, AK | Washington, DC |
| Highest paying state | Alaska | Oregon |
| Best paying company | Fidelity National Financial | Whitney Museum of American Art |
| Best paying industry | - | Professional |
There are a few differences between an escrow assistant and a business assistant in terms of educational background:
| Escrow Assistant | Business Assistant | |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | Stanford University | Western Carolina University |
Here are the differences between escrow assistants' and business assistants' demographics:
| Escrow Assistant | Business Assistant | |
| Average age | 43 | 50 |
| Gender ratio | Male, 14.4% Female, 85.6% | Male, 28.1% Female, 71.9% |
| Race ratio | Black or African American, 9.8% Unknown, 4.9% Hispanic or Latino, 20.7% Asian, 6.3% White, 57.5% American Indian and Alaska Native, 0.8% | Black or African American, 9.4% Unknown, 3.9% Hispanic or Latino, 16.4% Asian, 3.8% White, 65.8% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 7% | 6% |