Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between finance service specialists 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 service specialist and a personal banker. Additionally, a finance service specialist has an average salary of $40,415, which is higher than the $37,639 average annual salary of a personal banker.
The top three skills for a finance service specialist include excellent interpersonal, mutual funds and customer service. The most important skills for a personal banker are customer relationships, cross-sell, and customer satisfaction.
| Finance Service Specialist | Personal Banker | |
| Yearly salary | $40,415 | $37,639 |
| Hourly rate | $19.43 | $18.10 |
| Growth rate | 10% | 10% |
| Number of jobs | 131,509 | 36,603 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 59% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
A financial service specialist is responsible for determining the clients' financial needs by assessing their account profiles and financial performance. Financial service specialists sell insurance services and other financial instruments based on clients' specifications and risk appetite. They also review stock trends and market stability to create financial forecasting and modify investment plans for the clients. A financial service specialist must have excellent communication and analytical skills, especially in discussing options to the clients to achieve their long-term goals and objectives.
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 service specialists and personal bankers have different pay scales, as shown below.
| Finance Service Specialist | Personal Banker | |
| Average salary | $40,415 | $37,639 |
| Salary range | Between $27,000 And $60,000 | 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 | Cravath | Northern Trust |
| Best paying industry | Real Estate | Finance |
There are a few differences between a finance service specialist and a personal banker in terms of educational background:
| Finance Service Specialist | Personal Banker | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance service specialists' and personal bankers' demographics:
| Finance Service Specialist | Personal Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 36.4% Female, 63.6% | Male, 44.6% Female, 55.4% |
| Race ratio | Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.5% Asian, 10.1% White, 67.2% 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% |