Select banker vs business banker

The differences between select bankers and business bankers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a select banker and a business banker. Additionally, a business banker has an average salary of $69,423, which is higher than the $33,999 average annual salary of a select banker.

The top three skills for a select banker include customer relationships, cross-sell and client satisfaction. The most important skills for a business banker are customer service, financial products, and financial services.

Select banker vs business banker overview

	Select Banker	Business Banker
Yearly salary	$33,999	$69,423
Hourly rate	$16.35	$33.38
Growth rate	10%	10%
Number of jobs	19,264	70,054
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 66%
Average age	43	43
Years of experience	4	4

Select banker vs business banker salary

Select bankers and business bankers have different pay scales, as shown below.

	Select Banker	Business Banker
Average salary	$33,999	$69,423
Salary range	Between $19,000 And $58,000	Between $39,000 And $121,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between select banker and business banker education

There are a few differences between a select banker and a business banker in terms of educational background:

	Select Banker	Business Banker
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Select banker vs business banker demographics

Here are the differences between select bankers' and business bankers' demographics:

	Select Banker	Business Banker
Average age	43	43
Gender ratio	Male, 62.1% Female, 37.9%	Male, 63.3% Female, 36.7%
Race ratio	Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.5% Asian, 9.6% White, 67.5% American Indian and Alaska Native, 0.2%	Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between select banker and business banker duties and responsibilities

Select banker example responsibilities.

Manage a variety of internal initiatives including merchandising, cross-selling, customer retention programs and promotional campaigns.
Develop and maintain relationships with partners to maximize sales opportunities while using profiling analysis tools to identify expand opportunities.
Provide notary service upon request.

Business banker example responsibilities.

Facilitate the origination process; manage re-looks with corporate small business lending group.
Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
Develop relationships with high-value commercial clients by prospecting and cross-selling banking product portfolio.
Collaborate regularly with business partners to ensure optimal productivity and identify cross-selling opportunities for stock/mutual funds and life insurances.
Develop business relationships and provide financial advisory skills for business owners seeking depository accounts, notary services and lines of credit.
Analyze collateral, such as property, securities and business assets to ensure sufficient loan coverage.

Select banker vs business banker skills

Common select banker skills

Customer Relationships, 22%
Cross-Sell, 22%
Client Satisfaction, 16%
Client Issues, 16%
Relationship Management, 10%
Client Relationships, 7%

Common business banker skills

Customer Service, 7%
Financial Products, 7%
Financial Services, 7%
Financial Statements, 6%
Business Development, 5%
Cash Flow Analysis, 5%

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Select Banker
Select Banker vs Business Banker

Updated January 8, 2025

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