Phone banker vs finance service sales agent

The differences between phone bankers and finance service sales agents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a phone banker and a finance service sales agent. Additionally, a finance service sales agent has an average salary of $117,461, which is higher than the $34,532 average annual salary of a phone banker.

The top three skills for a phone banker include customer service, customer inquiries and compliance guidelines. The most important skills for a finance service sales agent are customer service, mutual funds, and health insurance.

Phone banker vs finance service sales agent overview

	Phone Banker	Finance Service Sales Agent
Yearly salary	$34,532	$117,461
Hourly rate	$16.60	$56.47
Growth rate	10%	10%
Number of jobs	22,843	186,640
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 34%	Bachelor's Degree, 61%
Average age	43	43
Years of experience	4	4

Phone banker vs finance service sales agent salary

Phone bankers and finance service sales agents have different pay scales, as shown below.

	Phone Banker	Finance Service Sales Agent
Average salary	$34,532	$117,461
Salary range	Between $27,000 And $43,000	Between $60,000 And $226,000
Highest paying City	Saint Paul, MN	New York, NY
Highest paying state	New York	New York
Best paying company	Advancial Federal Credit Union	Citi
Best paying industry	Finance	Finance

Differences between phone banker and finance service sales agent education

There are a few differences between a phone banker and a finance service sales agent in terms of educational background:

	Phone Banker	Finance Service Sales Agent
Most common degree	Bachelor's Degree, 34%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Phone banker vs finance service sales agent demographics

Here are the differences between phone bankers' and finance service sales agents' demographics:

	Phone Banker	Finance Service Sales Agent
Average age	43	43
Gender ratio	Male, 36.1% Female, 63.9%	Male, 68.0% Female, 32.0%
Race ratio	Black or African American, 5.8% Unknown, 4.1% Hispanic or Latino, 12.2% Asian, 10.8% White, 66.8% American Indian and Alaska Native, 0.2%	Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.5% Asian, 9.0% White, 68.2% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between phone banker and finance service sales agent duties and responsibilities

Phone banker example responsibilities.

Manage a variety of internal initiatives including merchandising, cross-selling, customer retention programs and promotional campaigns.
Process treasury tax and loan payments.
Service customers with commercial and treasury management accounts and make appropriate product recommendations.
Secure and obtain accurate patients demographics, financial information, and maintain confidentiality on all patient records.
Interact with commercial business, insurance, business development and investment partners to identify cross-selling opportunities, while meeting customer needs.
Provide notary service upon request.

Finance service sales agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Limit underwriting responsibilities, notary.

Phone banker vs finance service sales agent skills

Common phone banker skills

Customer Service, 22%
Customer Inquiries, 8%
Compliance Guidelines, 7%
Bank Products, 7%
Computer System, 6%
Treasury, 5%

Common finance service sales agent skills

Customer Service, 31%
Mutual Funds, 15%
Health Insurance, 13%
Complete Sales, 9%
Financial Services, 6%
Term Care, 5%

Phone Banker vs. similar jobs

Phone Banker related careers

Phone Banker related jobs

What similar roles do

Zippia Careers
Sales Industry
Phone Banker
Phone Banker vs Finance Service Sales Agent

Updated January 8, 2025

Browse sales jobs