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The differences between senior bankers and bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior banker, becoming a banker takes usually requires 2-4 years. Additionally, a senior banker has an average salary of $66,444, which is higher than the $44,463 average annual salary of a banker.
The top three skills for a senior banker include bank policies, cross-selling and financial services. The most important skills for a banker are taking care, financial services, and securities.
| Senior Banker | Banker | |
| Yearly salary | $66,444 | $44,463 |
| Hourly rate | $31.94 | $21.38 |
| Growth rate | 4% | 10% |
| Number of jobs | 23,051 | 29,725 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 56% |
| Average age | 45 | 43 |
| Years of experience | 6 | 4 |
A senior banker works in a banking facility to help potential clients develop relationships with their company. They promote banking products such as credit cards, accounts, or loans to clients. They also have the responsibility of processing payments and reminding clients of payment deadlines.
A banker is primarily responsible for assisting clients with their banking needs, particularly when withdrawing, depositing, and paying. Aside from handling transactions, bankers are also mainly responsible for opening and closing accounts, processing requirements, verifying the validity of documentation, recommending services and other financial options to clients, and resolving inquiries and concerns. A banker may answer calls and correspondence, coordinate with other banking personnel, maintain accurate data, and discuss conditions to clients thoroughly. Furthermore, because a banker mainly works with clients, it is essential to attain customer satisfaction.
Senior bankers and bankers have different pay scales, as shown below.
| Senior Banker | Banker | |
| Average salary | $66,444 | $44,463 |
| Salary range | Between $28,000 And $153,000 | Between $20,000 And $97,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a senior banker and a banker in terms of educational background:
| Senior Banker | Banker | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior bankers' and bankers' demographics:
| Senior Banker | Banker | |
| Average age | 45 | 43 |
| Gender ratio | Male, 52.8% Female, 47.2% | Male, 46.3% Female, 53.7% |
| Race ratio | Black or African American, 8.9% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5% | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 6% |