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The differences between investment bankers 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 an investment banker and a personal banker. Additionally, an investment banker has an average salary of $162,715, which is higher than the $37,639 average annual salary of a personal banker.
The top three skills for an investment banker include financial services, discounted cash flow and capital markets. The most important skills for a personal banker are customer relationships, cross-sell, and customer satisfaction.
| Investment Banker | Personal Banker | |
| Yearly salary | $162,715 | $37,639 |
| Hourly rate | $78.23 | $18.10 |
| Growth rate | 10% | 10% |
| Number of jobs | 28,460 | 36,603 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 59% |
| 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 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.
Investment bankers and personal bankers have different pay scales, as shown below.
| Investment Banker | Personal Banker | |
| Average salary | $162,715 | $37,639 |
| Salary range | Between $95,000 And $276,000 | Between $29,000 And $48,000 |
| Highest paying City | Boston, MA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Citi | Northern Trust |
| Best paying industry | Real Estate | Finance |
There are a few differences between an investment banker and a personal banker in terms of educational background:
| Investment Banker | Personal Banker | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment bankers' and personal bankers' demographics:
| Investment Banker | Personal Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 76.2% Female, 23.8% | Male, 44.6% Female, 55.4% |
| 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, 5.4% 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% |