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The differences between personal bankers and finance sales consultants 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 finance sales consultant. Additionally, a finance sales consultant has an average salary of $45,562, 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 finance sales consultant are customer satisfaction, sales process, and financial services.
| Personal Banker | Finance Sales Consultant | |
| Yearly salary | $37,639 | $45,562 |
| Hourly rate | $18.10 | $21.90 |
| Growth rate | 10% | 10% |
| Number of jobs | 36,603 | 101,031 |
| Job satisfaction | 3 | 5 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 61% |
| 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 finance sales consultant helps sell financial products and services. They can work in various industries, such as home, automotive, or banking. They essentially assess their client's needs and provide financial solutions. There are a lot of skills needed to become a good finance sales consultant. However, great customer service and communication skills top the demand.
Personal bankers and finance sales consultants have different pay scales, as shown below.
| Personal Banker | Finance Sales Consultant | |
| Average salary | $37,639 | $45,562 |
| Salary range | Between $29,000 And $48,000 | Between $34,000 And $59,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Northern Trust | - |
| Best paying industry | Finance | - |
There are a few differences between a personal banker and a finance sales consultant in terms of educational background:
| Personal Banker | Finance Sales Consultant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between personal bankers' and finance sales consultants' demographics:
| Personal Banker | Finance Sales Consultant | |
| Average age | 43 | 43 |
| Gender ratio | Male, 44.6% Female, 55.4% | Male, 62.5% Female, 37.5% |
| 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, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 10.2% White, 67.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |