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The differences between relationship bankers and junior associates 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 junior associate. Additionally, a junior associate has an average salary of $77,094, 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 junior associate are powerpoint, litigation, and financial statements.
| Relationship Banker | Junior Associate | |
| Yearly salary | $37,091 | $77,094 |
| Hourly rate | $17.83 | $37.06 |
| Growth rate | 10% | 10% |
| Number of jobs | 34,587 | 30,525 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 68% |
| 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 junior associate is responsible for assisting with the law firm's operations by evaluating cases, performing client counseling, and attending court trials. Junior associates draft agreements and review claims with strict adherence to regulatory policies and procedures. They also request additional documents as necessary and update the lawyers of any updates regarding the case. A junior associate must be well-versed with the law and determine resolution by following the due process and representing the clients during hearing sessions.
Relationship bankers and junior associates have different pay scales, as shown below.
| Relationship Banker | Junior Associate | |
| Average salary | $37,091 | $77,094 |
| Salary range | Between $28,000 And $48,000 | Between $44,000 And $132,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Santander Bank | Ropes & Gray |
| Best paying industry | Finance | Finance |
There are a few differences between a relationship banker and a junior associate in terms of educational background:
| Relationship Banker | Junior Associate | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 68% |
| Most common major | Business | Law |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between relationship bankers' and junior associates' demographics:
| Relationship Banker | Junior Associate | |
| Average age | 43 | 43 |
| Gender ratio | Male, 46.6% Female, 53.4% | Male, 49.1% Female, 50.9% |
| 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, 5.4% Unknown, 4.1% Hispanic or Latino, 11.2% Asian, 12.2% White, 66.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |