Select banker vs finance service representative

The differences between select bankers and finance service representatives 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 finance service representative. Additionally, a finance service representative has an average salary of $38,361, 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 finance service representative are financial services, patients, and team-oriented environment.

Select banker vs finance service representative overview

	Select Banker	Finance Service Representative
Yearly salary	$33,999	$38,361
Hourly rate	$16.35	$18.44
Growth rate	10%	10%
Number of jobs	19,264	220,519
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 60%
Average age	43	43
Years of experience	4	4

Select banker vs finance service representative salary

Select bankers and finance service representatives have different pay scales, as shown below.

	Select Banker	Finance Service Representative
Average salary	$33,999	$38,361
Salary range	Between $19,000 And $58,000	Between $25,000 And $58,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Bloomberg
Best paying industry	-	Government

Differences between select banker and finance service representative education

There are a few differences between a select banker and a finance service representative in terms of educational background:

	Select Banker	Finance Service Representative
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 60%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Select banker vs finance service representative demographics

Here are the differences between select bankers' and finance service representatives' demographics:

	Select Banker	Finance Service Representative
Average age	43	43
Gender ratio	Male, 62.1% Female, 37.9%	Male, 41.2% Female, 58.8%
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, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 10.1% White, 67.9% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between select banker and finance service representative 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.

Finance service representative example responsibilities.

Manage correspondent services including but not limit to wire processing, coin and currency, ACH support and international payments.
Gain excellent customer service skills and achieve award for completing voluntary MSR exams.1
Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
Maintain cleanliness and presentation of member service area and marketing information.
Originate and develop new business through effective profiling, relationship building, consultative customer service in a retail banking environment.
Count upon for accuracy and math skills.

Select banker vs finance service representative skills

Common select banker skills

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

Common finance service representative skills

Financial Services, 15%
Patients, 8%
Team-Oriented Environment, 7%
Mutual Funds, 4%
Financial Products, 4%
Customer Service, 3%

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Select Banker
Select Banker vs Finance Service Representative

Updated January 8, 2025

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