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Personal banking officer vs business banker

The differences between personal banking officers and business bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a personal banking officer, becoming a business banker takes usually requires 2-4 years. Additionally, a business banker has an average salary of $69,423, which is higher than the $40,925 average annual salary of a personal banking officer.

The top three skills for a personal banking officer include bank products, loan applications and cross-sell. The most important skills for a business banker are customer service, financial products, and financial services.

Personal banking officer vs business banker overview

Personal Banking OfficerBusiness Banker
Yearly salary$40,925$69,423
Hourly rate$19.68$33.38
Growth rate4%10%
Number of jobs76,80470,054
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 66%
Average age4543
Years of experience64

Personal banking officer vs business banker salary

Personal banking officers and business bankers have different pay scales, as shown below.

Personal Banking OfficerBusiness Banker
Average salary$40,925$69,423
Salary rangeBetween $24,000 And $67,000Between $39,000 And $121,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between personal banking officer and business banker education

There are a few differences between a personal banking officer and a business banker in terms of educational background:

Personal Banking OfficerBusiness Banker
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Personal banking officer vs business banker demographics

Here are the differences between personal banking officers' and business bankers' demographics:

Personal Banking OfficerBusiness Banker
Average age4543
Gender ratioMale, 46.5% Female, 53.5%Male, 63.3% Female, 36.7%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5%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 Percentage8%6%

Differences between personal banking officer and business banker duties and responsibilities

Personal banking officer example responsibilities.

  • Work one-on-one with clients to gather requirements and identify cross-selling opportunities and leverage customer leads and referrals to identify new prospects.
  • Refer customers to bankers regarding any new accounts, investments, loans, reordering new checks and ATM cards.
  • Cultivate relations with company business partners to identify and maximize cross-sell opportunities.
  • Develop customer base through cross-selling products and servicing existing clients, develop new business through interaction with internal and external resources.
  • Advise clients on financial products and services using knowledge of tax and investment strategies, securities, insurance and pension plans.
  • Perform market analysis and research to identify target markets and partners.

Business banker example responsibilities.

  • Facilitate the origination process; manage re-looks with corporate small business lending group.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Develop relationships with high-value commercial clients by prospecting and cross-selling banking product portfolio.
  • Collaborate regularly with business partners to ensure optimal productivity and identify cross-selling opportunities for stock/mutual funds and life insurances.
  • Develop business relationships and provide financial advisory skills for business owners seeking depository accounts, notary services and lines of credit.
  • Analyze collateral, such as property, securities and business assets to ensure sufficient loan coverage.
  • Show more

Personal banking officer vs business banker skills

Common personal banking officer skills
  • Bank Products, 19%
  • Loan Applications, 16%
  • Cross-Sell, 9%
  • Financial Products, 4%
  • Financial Services, 4%
  • Customer Relationships, 4%
Common business banker skills
  • Customer Service, 7%
  • Financial Products, 7%
  • Financial Services, 7%
  • Financial Statements, 6%
  • Business Development, 5%
  • Cash Flow Analysis, 5%

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