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The differences between junior associates and business 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 business banker. Additionally, a junior associate has an average salary of $77,094, which is higher than the $69,423 average annual salary of a business banker.
The top three skills for a junior associate include powerpoint, litigation and financial statements. The most important skills for a business banker are customer service, financial products, and financial services.
| Junior Associate | Business Banker | |
| Yearly salary | $77,094 | $69,423 |
| Hourly rate | $37.06 | $33.38 |
| Growth rate | 10% | 10% |
| Number of jobs | 30,525 | 70,054 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| 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 business banker is an individual who collaborates with other bank coworkers to help business customers meet their specific banking needs. Business bankers must sell a variety of banking products and services such as business deposit accounts, treasury management, and business credit cards. They are required to maintain consistent communication with their clients through outbound calls and personal onsite visits. Business bankers must also devise and modify loan schemes depending on the market requirements as well as study the schemes offered by competitors.
Junior associates and business bankers have different pay scales, as shown below.
| Junior Associate | Business Banker | |
| Average salary | $77,094 | $69,423 |
| Salary range | Between $44,000 And $132,000 | Between $39,000 And $121,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Ropes & Gray | - |
| Best paying industry | Finance | - |
There are a few differences between a junior associate and a business banker in terms of educational background:
| Junior Associate | Business Banker | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Most common major | Law | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between junior associates' and business bankers' demographics:
| Junior Associate | Business Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 49.1% Female, 50.9% | Male, 63.3% Female, 36.7% |
| 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, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |