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Finance sales consultant vs business banker

The differences between finance sales consultants and business 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 sales consultant and a business banker. Additionally, a business banker has an average salary of $69,423, which is higher than the $45,562 average annual salary of a finance sales consultant.

The top three skills for a finance sales consultant include customer satisfaction, sales process and financial services. The most important skills for a business banker are customer service, financial products, and financial services.

Finance sales consultant vs business banker overview

Finance Sales ConsultantBusiness Banker
Yearly salary$45,562$69,423
Hourly rate$21.90$33.38
Growth rate10%10%
Number of jobs101,03170,054
Job satisfaction5-
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 66%
Average age4343
Years of experience44

What does a finance sales consultant do?

A finance sales consultant helps sell financial products and services. They can work in various industries, such as home, automotive, or banking. They essentially assess their client's needs and provide financial solutions. There are a lot of skills needed to become a good finance sales consultant. However, great customer service and communication skills top the demand.

What does a business banker do?

A business banker is an individual who collaborates with other bank coworkers to help business customers meet their specific banking needs. Business bankers must sell a variety of banking products and services such as business deposit accounts, treasury management, and business credit cards. They are required to maintain consistent communication with their clients through outbound calls and personal onsite visits. Business bankers must also devise and modify loan schemes depending on the market requirements as well as study the schemes offered by competitors.

Finance sales consultant vs business banker salary

Finance sales consultants and business bankers have different pay scales, as shown below.

Finance Sales ConsultantBusiness Banker
Average salary$45,562$69,423
Salary rangeBetween $34,000 And $59,000Between $39,000 And $121,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between finance sales consultant and business banker education

There are a few differences between a finance sales consultant and a business banker in terms of educational background:

Finance Sales ConsultantBusiness Banker
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance sales consultant vs business banker demographics

Here are the differences between finance sales consultants' and business bankers' demographics:

Finance Sales ConsultantBusiness Banker
Average age4343
Gender ratioMale, 62.5% Female, 37.5%Male, 63.3% Female, 36.7%
Race ratioBlack or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 10.2% White, 67.7% American Indian and Alaska Native, 0.2%Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between finance sales consultant and business banker duties and responsibilities

Finance sales consultant example responsibilities.

  • Process teller transactions, manage and service ATM, schedule and process cash shipments, and manage branch cash.
  • Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
  • Introduce Swagelok quality system and implement CRM system for operation optimization and organizational growth.
  • Perform monthly client-profitability analysis using branch profit and loss metrics in order to maximize current client profitability and cross-sell opportunities.
  • Balance cash drawer, vault, and ATM with exactness, also adding cash and correcting any disputes.
  • Supervise motivated and coach treasury management staff in all aspects of treasury management.

Business banker example responsibilities.

  • Facilitate the origination process; manage re-looks with corporate small business lending group.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Develop relationships with high-value commercial clients by prospecting and cross-selling banking product portfolio.
  • Collaborate regularly with business partners to ensure optimal productivity and identify cross-selling opportunities for stock/mutual funds and life insurances.
  • Develop business relationships and provide financial advisory skills for business owners seeking depository accounts, notary services and lines of credit.
  • Analyze collateral, such as property, securities and business assets to ensure sufficient loan coverage.
  • Show more

Finance sales consultant vs business banker skills

Common finance sales consultant skills
  • Customer Satisfaction, 19%
  • Sales Process, 18%
  • Financial Services, 17%
  • Customer Service, 9%
  • Loan Applications, 6%
  • Workplace, 2%
Common business banker skills
  • Customer Service, 7%
  • Financial Products, 7%
  • Financial Services, 7%
  • Financial Statements, 6%
  • Business Development, 5%
  • Cash Flow Analysis, 5%