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The differences between junior associates 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 a junior associate and a personal banker. Additionally, a junior associate has an average salary of $77,094, which is higher than the $37,639 average annual salary of a personal banker.
The top three skills for a junior associate include powerpoint, litigation and financial statements. The most important skills for a personal banker are customer relationships, cross-sell, and customer satisfaction.
| Junior Associate | Personal Banker | |
| Yearly salary | $77,094 | $37,639 |
| Hourly rate | $37.06 | $18.10 |
| Growth rate | 10% | 10% |
| Number of jobs | 30,525 | 36,603 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 59% |
| 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 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.
Junior associates and personal bankers have different pay scales, as shown below.
| Junior Associate | Personal Banker | |
| Average salary | $77,094 | $37,639 |
| Salary range | Between $44,000 And $132,000 | Between $29,000 And $48,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Ropes & Gray | Northern Trust |
| Best paying industry | Finance | Finance |
There are a few differences between a junior associate and a personal banker in terms of educational background:
| Junior Associate | Personal Banker | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 59% |
| Most common major | Law | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between junior associates' and personal bankers' demographics:
| Junior Associate | Personal Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 49.1% Female, 50.9% | Male, 44.6% Female, 55.4% |
| 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, 11.2% Asian, 12.2% White, 66.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |