Exchange teller vs banking associate

The differences between exchange tellers 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 $38,127 average annual salary of an exchange teller.

The top three skills for an exchange teller include customer service, foreign currency transactions and bank products. The most important skills for a banking associate are excellent interpersonal, strong customer service, and financial transactions.

Exchange teller vs banking associate overview

	Exchange Teller	Banking Associate
Yearly salary	$38,127	$81,890
Hourly rate	$18.33	$39.37
Growth rate	-12%	-12%
Number of jobs	9,050	18,919
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 63%
Average age	39	39
Years of experience	-	-

Exchange teller vs banking associate salary

Exchange tellers and banking associates have different pay scales, as shown below.

	Exchange Teller	Banking Associate
Average salary	$38,127	$81,890
Salary range	Between $23,000 And $62,000	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

Differences between exchange teller and banking associate education

There are a few differences between an exchange teller and a banking associate in terms of educational background:

	Exchange Teller	Banking Associate
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 63%
Most common major	Business	Business
Most common college	-	-

Exchange teller vs banking associate demographics

Here are the differences between exchange tellers' and banking associates' demographics:

	Exchange Teller	Banking Associate
Average age	39	39
Gender ratio	Male, 26.9% Female, 73.1%	Male, 41.8% Female, 58.2%
Race ratio	Black or African American, 8.5% Unknown, 3.3% Hispanic or Latino, 23.7% Asian, 6.8% White, 57.0% American Indian and Alaska Native, 0.6%	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	7%	7%

Differences between exchange teller and banking associate duties and responsibilities

Exchange teller example responsibilities.

Calculate gross revenue by location and managing the data in AS400.
Analyze customer's needs, determine appropriate products and services and uncover additional cross-selling opportunities with existing and prospective clients.
Interpret and accurately process customer requests and transactions according to TCF guidelines.

Banking associate example responsibilities.

Develop and maintain relationships with business partners to increase cross-sell opportunities and achieve sales goals.
Develop working relationships with clients by providing exceptional customer service while utilizing a focuse cross-sell strategy.
Follow up with customers regarding KYC and other account relate updates.
Analyze each movement in full detail while meeting all SLA's.
Prepare UCC's for filing at the county and state level.
Monitor multiple cases while keeping track of SLA's and B2B communications.

Exchange teller vs banking associate skills

Common exchange teller skills

Customer Service, 27%
Foreign Currency Transactions, 23%
Bank Products, 18%
Cash Handling, 10%
Wire Transfers, 7%
Customer Transactions, 5%

Common banking associate skills

Excellent Interpersonal, 41%
Strong Customer Service, 29%
Financial Transactions, 15%
Financial Services, 1%
PowerPoint, 1%
Financial Solutions, 1%