Select banker vs relationship banker

The differences between select bankers and relationship 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 relationship banker. Additionally, a relationship banker has an average salary of $37,091, 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 relationship banker are excellent interpersonal, financial services, and work ethic.

Select banker vs relationship banker overview

	Select Banker	Relationship Banker
Yearly salary	$33,999	$37,091
Hourly rate	$16.35	$17.83
Growth rate	10%	10%
Number of jobs	19,264	34,587
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 64%
Average age	43	43
Years of experience	4	4

Select banker vs relationship banker salary

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

	Select Banker	Relationship Banker
Average salary	$33,999	$37,091
Salary range	Between $19,000 And $58,000	Between $28,000 And $48,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Santander Bank
Best paying industry	-	Finance

Differences between select banker and relationship banker education

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

	Select Banker	Relationship Banker
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Select banker vs relationship banker demographics

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

	Select Banker	Relationship Banker
Average age	43	43
Gender ratio	Male, 62.1% Female, 37.9%	Male, 46.6% Female, 53.4%
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, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between select banker and relationship 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.

Relationship banker example responsibilities.

Attain NMLS number and Texas notary.
Perform teller duties, process daily reports, meet and exceed sales referral goals, manage ATM balancing and maintenance.
Manage a comprehensive portfolio of diversify securities and real estate holdings.
Cultivate new relationships through outside sales calls, effective profiling and telephone solicitation of company provide leads.
Register with the NMLS and keep skills, knowledge, and accreditations up-to-date.
Inform customers of procedures for applying for services such as ATM cards, direct deposit, and certificates of deposit.

Select banker vs relationship 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 relationship banker skills

Excellent Interpersonal, 10%
Financial Services, 9%
Work Ethic, 8%
Cash Handling, 7%
Taking Care, 6%
Product Knowledge, 5%

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Select Banker
Select Banker vs Relationship Banker

Updated January 8, 2025

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