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The differences between junior associates 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 junior associate and a bank specialist. Additionally, a junior associate has an average salary of $77,094, which is higher than the $42,779 average annual salary of a bank specialist.
The top three skills for a junior associate include powerpoint, litigation and financial statements. The most important skills for a bank specialist are bank products, strong customer service, and customer relationships.
| Junior Associate | Bank Specialist | |
| Yearly salary | $77,094 | $42,779 |
| Hourly rate | $37.06 | $20.57 |
| Growth rate | 10% | 10% |
| Number of jobs | 30,525 | 22,225 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 62% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
A junior associate is responsible for assisting with the law firm's operations by evaluating cases, performing client counseling, and attending court trials. Junior associates draft agreements and review claims with strict adherence to regulatory policies and procedures. They also request additional documents as necessary and update the lawyers of any updates regarding the case. A junior associate must be well-versed with the law and determine resolution by following the due process and representing the clients during hearing sessions.
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.
Junior associates and bank specialists have different pay scales, as shown below.
| Junior Associate | Bank Specialist | |
| Average salary | $77,094 | $42,779 |
| Salary range | Between $44,000 And $132,000 | 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 | Ropes & Gray | Goldman Sachs |
| Best paying industry | Finance | Finance |
There are a few differences between a junior associate and a bank specialist in terms of educational background:
| Junior Associate | Bank Specialist | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 62% |
| Most common major | Law | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between junior associates' and bank specialists' demographics:
| Junior Associate | Bank Specialist | |
| Average age | 43 | 43 |
| Gender ratio | Male, 49.1% Female, 50.9% | Male, 45.3% Female, 54.7% |
| Race ratio | Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.2% Asian, 12.2% White, 66.9% 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% |