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The differences between senior bankers and business 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 business banker takes usually requires 2-4 years. Additionally, a business banker has an average salary of $69,423, which is higher than the $66,444 average annual salary of a senior banker.
The top three skills for a senior banker include bank policies, cross-selling and financial services. The most important skills for a business banker are customer service, financial products, and financial services.
| Senior Banker | Business Banker | |
| Yearly salary | $66,444 | $69,423 |
| Hourly rate | $31.94 | $33.38 |
| Growth rate | 4% | 10% |
| Number of jobs | 23,051 | 70,054 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 66% |
| 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 business banker is an individual who collaborates with other bank coworkers to help business customers meet their specific banking needs. Business bankers must sell a variety of banking products and services such as business deposit accounts, treasury management, and business credit cards. They are required to maintain consistent communication with their clients through outbound calls and personal onsite visits. Business bankers must also devise and modify loan schemes depending on the market requirements as well as study the schemes offered by competitors.
Senior bankers and business bankers have different pay scales, as shown below.
| Senior Banker | Business Banker | |
| Average salary | $66,444 | $69,423 |
| Salary range | Between $28,000 And $153,000 | Between $39,000 And $121,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Citi | - |
| Best paying industry | Finance | - |
There are a few differences between a senior banker and a business banker in terms of educational background:
| Senior Banker | Business Banker | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior bankers' and business bankers' demographics:
| Senior Banker | Business Banker | |
| Average age | 45 | 43 |
| Gender ratio | Male, 52.8% Female, 47.2% | Male, 63.3% Female, 36.7% |
| 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, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 6% |