Personal banking officer vs closer

The differences between personal banking officers and closers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a personal banking officer and a closer. Additionally, a personal banking officer has an average salary of $40,925, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a personal banking officer include bank products, loan applications and cross-sell. The most important skills for a closer are customer service, cleanliness, and punctuality.

Personal banking officer vs closer overview

	Personal Banking Officer	Closer
Yearly salary	$40,925	$29,291
Hourly rate	$19.68	$14.08
Growth rate	4%	4%
Number of jobs	76,804	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Personal banking officer vs closer salary

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

	Personal Banking Officer	Closer
Average salary	$40,925	$29,291
Salary range	Between $24,000 And $67,000	Between $20,000 And $40,000
Highest paying City	-	Greece, NY
Highest paying state	-	Hawaii
Best paying company	-	GPAC
Best paying industry	-	-

Differences between personal banking officer and closer education

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

	Personal Banking Officer	Closer
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Personal banking officer vs closer demographics

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

	Personal Banking Officer	Closer
Average age	45	45
Gender ratio	Male, 46.5% Female, 53.5%	Male, 45.0% Female, 55.0%
Race ratio	Black 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, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 6.1% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between personal banking officer and closer 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.

Closer example responsibilities.

Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
Process conventional, FHA, VA and USDA loans, clearing conditions before submission.
Clear property conditions for insurance and title on all FHA, VA and USDA loans.
Submit information to mortgage insurance carriers, FHA, VA, FHLMC, and FNMA for workout alternatives to foreclosure.
Coordinate with foreclosure and eviction and litigation teams to ensure properties are in transferable condition prior to closing.
Prepare high volume of loan closing packages under a variety of loan programs including conventional, FHA and VA.

Personal banking officer vs closer 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 closer skills

Customer Service, 42%
Cleanliness, 31%
Punctuality, 8%
Dependability, 4%
Food Orders, 4%
Work Ethic, 1%