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The differences between personal bankers 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 personal banker and a banker. Additionally, a banker has an average salary of $44,463, which is higher than the $37,639 average annual salary of a personal banker.
The top three skills for a personal banker include customer relationships, cross-sell and customer satisfaction. The most important skills for a banker are taking care, financial services, and securities.
| Personal Banker | Banker | |
| Yearly salary | $37,639 | $44,463 |
| Hourly rate | $18.10 | $21.38 |
| Growth rate | 10% | 10% |
| Number of jobs | 36,603 | 29,725 |
| Job satisfaction | 3 | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 56% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
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.
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.
Personal bankers and bankers have different pay scales, as shown below.
| Personal Banker | Banker | |
| Average salary | $37,639 | $44,463 |
| Salary range | Between $29,000 And $48,000 | 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 | Northern Trust | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a personal banker and a banker in terms of educational background:
| Personal Banker | Banker | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between personal bankers' and bankers' demographics:
| Personal Banker | Banker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 44.6% Female, 55.4% | 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, 66.8% 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% |