Select banker vs consumer banker

The differences between select bankers and consumer 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 consumer banker. Additionally, a consumer banker has an average salary of $39,462, 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 consumer banker are financial services, securities, and cash management.

Select banker vs consumer banker overview

	Select Banker	Consumer Banker
Yearly salary	$33,999	$39,462
Hourly rate	$16.35	$18.97
Growth rate	10%	10%
Number of jobs	19,264	24,716
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 59%
Average age	43	43
Years of experience	4	4

Select banker vs consumer banker salary

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

	Select Banker	Consumer Banker
Average salary	$33,999	$39,462
Salary range	Between $19,000 And $58,000	Between $27,000 And $56,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between select banker and consumer banker education

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

	Select Banker	Consumer Banker
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 59%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Select banker vs consumer banker demographics

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

	Select Banker	Consumer Banker
Average age	43	43
Gender ratio	Male, 62.1% Female, 37.9%	Male, 42.9% Female, 57.1%
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, 5.6% Unknown, 4.1% Hispanic or Latino, 11.8% Asian, 10.7% White, 67.5% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between select banker and consumer 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.

Consumer banker example responsibilities.

Work one-on-one with clients to gather requirements and identify cross-selling opportunities and leverage customer leads and referrals to identify new prospects.
Handle vault, safe-deposit, ATM and night-drop activities.
Facilitate monthly auditing by conducting cash counts for vault and ATM.
Develop new business opportunities, send securities and mortgage referrals to other departments.
Perform customer profiling to determine future sales opportunities and identify profitable retail prospects for the investments departments.
Develop customer base through cross-selling products and servicing existing clients, develop new business through interaction with internal and external resources.

Select banker vs consumer 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 consumer banker skills

Financial Services, 22%
Securities, 11%
Cash Management, 9%
Excellent Interpersonal, 7%
Bank Products, 5%
Product Knowledge, 4%

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Select Banker
Select Banker vs Consumer Banker

Updated January 8, 2025

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