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The differences between investment bankers and bankers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an investment banker and a banker. Additionally, an investment banker has an average salary of $162,715, which is higher than the $44,463 average annual salary of a banker.
The top three skills for an investment banker include financial services, discounted cash flow and capital markets. The most important skills for a banker are taking care, financial services, and securities.
| Investment Banker | Banker | |
| Yearly salary | $162,715 | $44,463 |
| Hourly rate | $78.23 | $21.38 |
| Growth rate | 10% | 10% |
| Number of jobs | 28,460 | 29,725 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 56% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
An investment banker is responsible for selling and issuing securities and financial assets to the stock markets to generate money and raise capital for organizations and financial institutions. Investment bankers also work with private clients to advise them of investment options and financial transactions according to the market's condition and clients' interests. They handle the clients' investment portfolios and create propositions for acquisitions and company mergers. An investment banker must have excellent knowledge of the financial and stock industry, as well as having excellent analytical skills to review statistical data and determine the best financial strategies.
A banker is primarily responsible for assisting clients with their banking needs, particularly when withdrawing, depositing, and paying. Aside from handling transactions, bankers are also mainly responsible for opening and closing accounts, processing requirements, verifying the validity of documentation, recommending services and other financial options to clients, and resolving inquiries and concerns. A banker may answer calls and correspondence, coordinate with other banking personnel, maintain accurate data, and discuss conditions to clients thoroughly. Furthermore, because a banker mainly works with clients, it is essential to attain customer satisfaction.
Investment bankers and bankers have different pay scales, as shown below.
| Investment Banker | Banker | |
| Average salary | $162,715 | $44,463 |
| Salary range | Between $95,000 And $276,000 | Between $20,000 And $97,000 |
| Highest paying City | Boston, MA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Citi | Citi |
| Best paying industry | Real Estate | Finance |
There are a few differences between an investment banker and a banker in terms of educational background:
| Investment Banker | Banker | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment bankers' and bankers' demographics:
| Investment Banker | Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 76.2% Female, 23.8% | Male, 46.3% Female, 53.7% |
| Race ratio | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.5% Asian, 12.4% White, 66.2% American Indian and Alaska Native, 0.2% | 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% |
| LGBT Percentage | 6% | 6% |