Select banker vs investment banker

The differences between select bankers and investment 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 an investment banker. Additionally, an investment banker has an average salary of $162,715, 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 an investment banker are financial services, discounted cash flow, and capital markets.

Select banker vs investment banker overview

	Select Banker	Investment Banker
Yearly salary	$33,999	$162,715
Hourly rate	$16.35	$78.23
Growth rate	10%	10%
Number of jobs	19,264	28,460
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 69%
Average age	43	43
Years of experience	4	4

Select banker vs investment banker salary

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

	Select Banker	Investment Banker
Average salary	$33,999	$162,715
Salary range	Between $19,000 And $58,000	Between $95,000 And $276,000
Highest paying City	-	Boston, MA
Highest paying state	-	Alaska
Best paying company	-	Citi
Best paying industry	-	Real Estate

Differences between select banker and investment banker education

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

	Select Banker	Investment Banker
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 69%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Select banker vs investment banker demographics

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

	Select Banker	Investment Banker
Average age	43	43
Gender ratio	Male, 62.1% Female, 37.9%	Male, 76.2% Female, 23.8%
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, 5.5% Unknown, 4.1% Hispanic or Latino, 11.5% Asian, 12.4% White, 66.2% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between select banker and investment 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.

Investment banker example responsibilities.

Utilize Bloomberg system and company proprietary research to actively monitor portfolios and manage trading activities to achieve customers' goals.
Provide service for existing brokerage accounts, manage accounts, annuities, and securities-base lines of credit.
Attain NMLS identification number for mortgage origination.
Generate reporting data from Salesforce platform to facilitate growth and manage firm operations.
Manage customer portfolios, service relationships, and used profiling analysis tools to identify cross-selling opportunities.
Manage a variety of internal initiatives including merchandising, cross-selling, customer retention programs and promotional campaigns.

Select banker vs investment 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 investment banker skills

Financial Services, 6%
Discounted Cash Flow, 6%
Capital Markets, 6%
Financial Statements, 6%
Client Relationships, 4%
Securities, 4%

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Select Banker
Select Banker vs Investment Banker

Updated January 8, 2025

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