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The differences between finance service representatives and bank specialists 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 service representative and a bank specialist. Additionally, a bank specialist has an average salary of $42,779, which is higher than the $38,361 average annual salary of a finance service representative.
The top three skills for a finance service representative include financial services, patients and team-oriented environment. The most important skills for a bank specialist are bank products, strong customer service, and customer relationships.
| Finance Service Representative | Bank Specialist | |
| Yearly salary | $38,361 | $42,779 |
| Hourly rate | $18.44 | $20.57 |
| Growth rate | 10% | 10% |
| Number of jobs | 220,519 | 22,225 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 62% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
A financial service representative typically works for a bank or a similar establishment. One of their primary responsibilities is to reach out to clients and offer financial advice, services, or products such as insurance and credit cards. They can also set appointments, meet with clients to discuss benefits, and even gather applications. Furthermore, a financial service representative needs to have extensive knowledge of the products and services and be equipped with communication skills to build a rapport that will be essential in securing trust and sales.
A bank or banking specialist is an individual responsible for maintaining effective business relationships with the bank's clients while ensuring an optimal customer service level. To support customer retention, bank specialists must identify their customers' banking needs and suggest appropriate bank products and services. They perform teller functions such as processing customer deposits, cashing checks, and issuing official checks. Bank specialists must also ensure that the bank complies with government regulations and standards.
Finance service representatives and bank specialists have different pay scales, as shown below.
| Finance Service Representative | Bank Specialist | |
| Average salary | $38,361 | $42,779 |
| Salary range | Between $25,000 And $58,000 | Between $28,000 And $64,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Bloomberg | Goldman Sachs |
| Best paying industry | Government | Finance |
There are a few differences between a finance service representative and a bank specialist in terms of educational background:
| Finance Service Representative | Bank Specialist | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance service representatives' and bank specialists' demographics:
| Finance Service Representative | Bank Specialist | |
| Average age | 43 | 43 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 45.3% Female, 54.7% |
| Race ratio | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 10.1% White, 67.9% American Indian and Alaska Native, 0.2% | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 11.4% White, 66.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |