Select banker vs merchant

The differences between select bankers and merchants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a merchant has an average salary of $74,999, 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 merchant are product development, gross margin, and market trends.

Select banker vs merchant overview

	Select Banker	Merchant
Yearly salary	$33,999	$74,999
Hourly rate	$16.35	$36.06
Growth rate	10%	-
Number of jobs	19,264	15,395
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 57%
Average age	43	41
Years of experience	4	-

Select banker vs merchant salary

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

	Select Banker	Merchant
Average salary	$33,999	$74,999
Salary range	Between $19,000 And $58,000	Between $47,000 And $119,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Levi Strauss & Co.
Best paying industry	-	Finance

Differences between select banker and merchant education

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

	Select Banker	Merchant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 57%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Select banker vs merchant demographics

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

	Select Banker	Merchant
Average age	43	41
Gender ratio	Male, 62.1% Female, 37.9%	Male, 42.1% Female, 57.9%
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, 8.5% Unknown, 5.2% Hispanic or Latino, 23.3% Asian, 7.4% White, 55.1% American Indian and Alaska Native, 0.6%
LGBT Percentage	6%	7%

Differences between select banker and merchant 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.

Merchant example responsibilities.

Partner with production on achieving IMU targets and in store deliveries.
Manage merchandise deliverable deadlines: photography, copy, and inventory.
Manage the OTB to ensure seasonal sales, inventory levels, and margin objectives are met.
Lead online visual merchandising decisions base on in-depth understanding of weekly KPI s and high investment products.
Set and achieve monthly goals in new accounts and investment referrals; encourage cross-sells of services as per management
Manage social media (Facebook) by posting new content, questions, pictures, new arrivals, graphics, etc.

Select banker vs merchant skills

Common select banker skills

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

Common merchant skills

Product Development, 8%
Gross Margin, 7%
Market Trends, 7%
Customer Service, 6%
Strong Analytical, 6%
Math, 6%

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Sales Industry
Select Banker
Select Banker vs Merchant

Updated January 8, 2025

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