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The differences between senior bankers and mortgage bankers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior banker and a mortgage banker. Additionally, a senior banker has an average salary of $66,444, which is higher than the $27,331 average annual salary of a mortgage banker.
The top three skills for a senior banker include bank policies, cross-selling and financial services. The most important skills for a mortgage banker are customer service, NMLS, and federal regulations.
| Senior Banker | Mortgage Banker | |
| Yearly salary | $66,444 | $27,331 |
| Hourly rate | $31.94 | $13.14 |
| Growth rate | 4% | 4% |
| Number of jobs | 23,051 | 24,297 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 72% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
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 Mortgage Banker is specialized in offering financing to buy homes or refinance previous mortgages. They work as part of a banks loan department.
Senior bankers and mortgage bankers have different pay scales, as shown below.
| Senior Banker | Mortgage Banker | |
| Average salary | $66,444 | $27,331 |
| Salary range | Between $28,000 And $153,000 | Between $9,000 And $78,000 |
| 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 mortgage banker in terms of educational background:
| Senior Banker | Mortgage Banker | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior bankers' and mortgage bankers' demographics:
| Senior Banker | Mortgage Banker | |
| Average age | 45 | 45 |
| Gender ratio | Male, 52.8% Female, 47.2% | Male, 71.7% Female, 28.3% |
| 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, 9.5% Unknown, 4.7% Hispanic or Latino, 15.7% Asian, 6.5% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |