Select banker vs junior associate

The differences between select bankers and junior associates 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 junior associate. Additionally, a junior associate has an average salary of $77,094, 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 junior associate are powerpoint, litigation, and financial statements.

Select banker vs junior associate overview

	Select Banker	Junior Associate
Yearly salary	$33,999	$77,094
Hourly rate	$16.35	$37.06
Growth rate	10%	10%
Number of jobs	19,264	30,525
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 68%
Average age	43	43
Years of experience	4	4

Select banker vs junior associate salary

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

	Select Banker	Junior Associate
Average salary	$33,999	$77,094
Salary range	Between $19,000 And $58,000	Between $44,000 And $132,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Ropes & Gray
Best paying industry	-	Finance

Differences between select banker and junior associate education

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

	Select Banker	Junior Associate
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 68%
Most common major	Business	Law
Most common college	University of Pennsylvania	University of Pennsylvania

Select banker vs junior associate demographics

Here are the differences between select bankers' and junior associates' demographics:

	Select Banker	Junior Associate
Average age	43	43
Gender ratio	Male, 62.1% Female, 37.9%	Male, 49.1% Female, 50.9%
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, 11.2% Asian, 12.2% White, 66.9% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between select banker and junior associate 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.

Junior associate example responsibilities.

Construct and execute portfolios of interest rate and credit derivatives to manage duration and credit risk of loan and bond portfolios.
Perform extensive data and segmentation analyses to identify trends and help clients create new strategies to achieve growth and ROI goals.
Collect, organize, and analyze data relating to securities class action litigation in preparation for leading and managing projects.
Used basic HTML processes to quickly locate problems.
Implement innovative digital tactics resulting in a positive ROI and sales lift.
Promote the client's product through Facebook posts, tweets, and community chats.

Select banker vs junior associate skills

Common select banker skills

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

Common junior associate skills

PowerPoint, 11%
Litigation, 7%
Financial Statements, 7%
Press Releases, 6%
Due Diligence, 6%
Twitter, 5%

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Select Banker
Select Banker vs Junior Associate

Updated January 8, 2025

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