Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between relationship bankers and tellers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a relationship banker has an average salary of $37,091, which is higher than the $32,171 average annual salary of a teller.
The top three skills for a relationship banker include excellent interpersonal, financial services and work ethic. The most important skills for a teller are cash handling, customer service, and financial transactions.
| Relationship Banker | Teller | |
| Yearly salary | $37,091 | $32,171 |
| Hourly rate | $17.83 | $15.47 |
| Growth rate | 10% | -12% |
| Number of jobs | 34,587 | 16,298 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 41% |
| Average age | 43 | 39 |
| Years of experience | 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.
Tellers are bank employees who handle face-to-face or in-person transactions of clients. They are the bank's front liners, and they interact with clients on a daily basis. They process requests related to the clients' bank accounts, including, but not limited to, opening and closing accounts, withdrawing and depositing cash and checks, processing loan requests, accepting payments, validating transactions, and answering any other questions that a client may have. They should also be familiar with the bank's products and services. Tellers should have good customer service skills, attention to detail, and basic accounting skills.
Relationship bankers and tellers have different pay scales, as shown below.
| Relationship Banker | Teller | |
| Average salary | $37,091 | $32,171 |
| Salary range | Between $28,000 And $48,000 | Between $26,000 And $39,000 |
| Highest paying City | New York, NY | Manchester, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | Santander Bank | Security Service Federal Credit Union |
| Best paying industry | Finance | Finance |
There are a few differences between a relationship banker and a teller in terms of educational background:
| Relationship Banker | Teller | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 41% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between relationship bankers' and tellers' demographics:
| Relationship Banker | Teller | |
| Average age | 43 | 39 |
| Gender ratio | Male, 46.6% Female, 53.4% | Male, 23.0% Female, 77.0% |
| 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, 9.5% Unknown, 3.4% Hispanic or Latino, 21.2% Asian, 7.2% White, 58.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 6% | 7% |