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The differences between finance specialists and bank specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance specialist has an average salary of $61,666, which is higher than the $42,779 average annual salary of a bank specialist.
The top three skills for a finance specialist include customer service, phone calls and cash handling. The most important skills for a bank specialist are bank products, strong customer service, and customer relationships.
| Finance Specialist | Bank Specialist | |
| Yearly salary | $61,666 | $42,779 |
| Hourly rate | $29.65 | $20.57 |
| Growth rate | 10% | 10% |
| Number of jobs | 97,216 | 22,225 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 62% |
| Average age | 43 | 43 |
| Years of experience | - | 4 |
A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
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 specialists and bank specialists have different pay scales, as shown below.
| Finance Specialist | Bank Specialist | |
| Average salary | $61,666 | $42,779 |
| Salary range | Between $37,000 And $100,000 | Between $28,000 And $64,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Goldman Sachs | |
| Best paying industry | Finance | Finance |
There are a few differences between a finance specialist and a bank specialist in terms of educational background:
| Finance Specialist | Bank Specialist | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance specialists' and bank specialists' demographics:
| Finance Specialist | Bank Specialist | |
| Average age | 43 | 43 |
| Gender ratio | Male, 42.1% Female, 57.9% | Male, 45.3% Female, 54.7% |
| Race ratio | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% | 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 | 4% | 6% |