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The differences between senior bankers and personal 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 personal banker takes usually requires 2-4 years. Additionally, a senior banker has an average salary of $66,444, which is higher than the $37,639 average annual salary of a personal banker.
The top three skills for a senior banker include bank policies, cross-selling and financial services. The most important skills for a personal banker are customer relationships, cross-sell, and customer satisfaction.
| Senior Banker | Personal Banker | |
| Yearly salary | $66,444 | $37,639 |
| Hourly rate | $31.94 | $18.10 |
| Growth rate | 4% | 10% |
| Number of jobs | 23,051 | 36,603 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 59% |
| 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 personal banker is responsible for managing the customers' financial records and assisting them in various banking transactions. Personal bankers' duties also include handling customers' inquiries for financial plans, understanding the banking and financial industry principles, processing applications, verifying account details, and offering bank products based on the customers' needs. A personal banker must have excellent customer service and communication skills, providing the best options for the customers, and helping them achieve their financial goals.
Senior bankers and personal bankers have different pay scales, as shown below.
| Senior Banker | Personal Banker | |
| Average salary | $66,444 | $37,639 |
| Salary range | Between $28,000 And $153,000 | Between $29,000 And $48,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Northern Trust |
| Best paying industry | Finance | Finance |
There are a few differences between a senior banker and a personal banker in terms of educational background:
| Senior Banker | Personal Banker | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior bankers' and personal bankers' demographics:
| Senior Banker | Personal Banker | |
| Average age | 45 | 43 |
| Gender ratio | Male, 52.8% Female, 47.2% | Male, 44.6% Female, 55.4% |
| 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, 11.2% Asian, 12.2% White, 66.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 6% |