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The differences between relationship bankers and bank specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a relationship banker and a bank specialist. Additionally, a bank specialist has an average salary of $42,779, which is higher than the $37,091 average annual salary of a relationship banker.
The top three skills for a relationship banker include excellent interpersonal, financial services and work ethic. The most important skills for a bank specialist are bank products, strong customer service, and customer relationships.
| Relationship Banker | Bank Specialist | |
| Yearly salary | $37,091 | $42,779 |
| Hourly rate | $17.83 | $20.57 |
| Growth rate | 10% | 10% |
| Number of jobs | 34,587 | 22,225 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 62% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
A relationship banker is responsible for providing financial advice by applying financial disciplines in the banking industry. Relationship bankers process financial transactions on their clients' bank accounts, generate account statements, and reiterate bank policies to support clients' financial goals and objectives. They also research the current financial industry, identify new bank services opportunities to gain more clients, and increase profits for the business. A relationship banker must have excellent communication and customer service skills, responding to the clients' inquiries and concerns regarding their bank accounts, and resolving complaints timely and efficiently.
A bank or banking specialist is an individual responsible for maintaining effective business relationships with the bank's clients while ensuring an optimal customer service level. To support customer retention, bank specialists must identify their customers' banking needs and suggest appropriate bank products and services. They perform teller functions such as processing customer deposits, cashing checks, and issuing official checks. Bank specialists must also ensure that the bank complies with government regulations and standards.
Relationship bankers and bank specialists have different pay scales, as shown below.
| Relationship Banker | Bank Specialist | |
| Average salary | $37,091 | $42,779 |
| Salary range | Between $28,000 And $48,000 | Between $28,000 And $64,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Santander Bank | Goldman Sachs |
| Best paying industry | Finance | Finance |
There are a few differences between a relationship banker and a bank specialist in terms of educational background:
| Relationship Banker | Bank Specialist | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between relationship bankers' and bank specialists' demographics:
| Relationship Banker | Bank Specialist | |
| Average age | 43 | 43 |
| Gender ratio | Male, 46.6% Female, 53.4% | Male, 45.3% Female, 54.7% |
| Race ratio | Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2% | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 11.4% White, 66.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |