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The differences between junior associates 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 a junior associate and a banker. Additionally, a junior associate has an average salary of $77,094, which is higher than the $44,463 average annual salary of a banker.
The top three skills for a junior associate include powerpoint, litigation and financial statements. The most important skills for a banker are taking care, financial services, and securities.
| Junior Associate | Banker | |
| Yearly salary | $77,094 | $44,463 |
| Hourly rate | $37.06 | $21.38 |
| Growth rate | 10% | 10% |
| Number of jobs | 30,525 | 29,725 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 56% |
| 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 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.
Junior associates and bankers have different pay scales, as shown below.
| Junior Associate | Banker | |
| Average salary | $77,094 | $44,463 |
| Salary range | Between $44,000 And $132,000 | Between $20,000 And $97,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Ropes & Gray | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a junior associate and a banker in terms of educational background:
| Junior Associate | Banker | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 56% |
| Most common major | Law | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between junior associates' and bankers' demographics:
| Junior Associate | Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 49.1% Female, 50.9% | Male, 46.3% Female, 53.7% |
| 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, 5.5% 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% |