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The differences between finance associates and personal bankers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a finance associate and a personal banker. Additionally, a finance associate has an average salary of $81,339, which is higher than the $37,639 average annual salary of a personal banker.
The top three skills for a finance associate include financial statements, powerpoint and financial services. The most important skills for a personal banker are customer relationships, cross-sell, and customer satisfaction.
| Finance Associate | Personal Banker | |
| Yearly salary | $81,339 | $37,639 |
| Hourly rate | $39.11 | $18.10 |
| Growth rate | 10% | 10% |
| Number of jobs | 83,256 | 36,603 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 59% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
Finance associates perform various financial tasks for a company. These include managing accounting records, preparing payroll documents as well as financial and budget reports, and handling payments. Additionally, finance associates help with tax preparation, audits and reviews, and help with developing and implementing procedures, best practices, and policies for financial and accounting operations. The skills and qualifications for this role may include a bachelor's degree in finance or accounting, excellent communication skills, and attention to detail.
A personal banker is responsible for managing the customers' financial records and assisting them in various banking transactions. Personal bankers' duties also include handling customers' inquiries for financial plans, understanding the banking and financial industry principles, processing applications, verifying account details, and offering bank products based on the customers' needs. A personal banker must have excellent customer service and communication skills, providing the best options for the customers, and helping them achieve their financial goals.
Finance associates and personal bankers have different pay scales, as shown below.
| Finance Associate | Personal Banker | |
| Average salary | $81,339 | $37,639 |
| Salary range | Between $50,000 And $130,000 | Between $29,000 And $48,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Pillsbury Winthrop Shaw Pittman | Northern Trust |
| Best paying industry | Professional | Finance |
There are a few differences between a finance associate and a personal banker in terms of educational background:
| Finance Associate | Personal Banker | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance associates' and personal bankers' demographics:
| Finance Associate | Personal Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 47.3% Female, 52.7% | Male, 44.6% Female, 55.4% |
| Race ratio | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% American Indian and Alaska Native, 0.2% | Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.2% Asian, 12.2% White, 66.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |