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The differences between senior bankers and relationship 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 relationship banker takes usually requires 2-4 years. Additionally, a senior banker has an average salary of $66,444, which is higher than the $37,091 average annual salary of a relationship banker.
The top three skills for a senior banker include bank policies, cross-selling and financial services. The most important skills for a relationship banker are excellent interpersonal, financial services, and work ethic.
| Senior Banker | Relationship Banker | |
| Yearly salary | $66,444 | $37,091 |
| Hourly rate | $31.94 | $17.83 |
| Growth rate | 4% | 10% |
| Number of jobs | 23,051 | 34,587 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| 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 relationship banker is responsible for providing financial advice by applying financial disciplines in the banking industry. Relationship bankers process financial transactions on their clients' bank accounts, generate account statements, and reiterate bank policies to support clients' financial goals and objectives. They also research the current financial industry, identify new bank services opportunities to gain more clients, and increase profits for the business. A relationship banker must have excellent communication and customer service skills, responding to the clients' inquiries and concerns regarding their bank accounts, and resolving complaints timely and efficiently.
Senior bankers and relationship bankers have different pay scales, as shown below.
| Senior Banker | Relationship Banker | |
| Average salary | $66,444 | $37,091 |
| Salary range | Between $28,000 And $153,000 | Between $28,000 And $48,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Santander Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a senior banker and a relationship banker in terms of educational background:
| Senior Banker | Relationship Banker | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior bankers' and relationship bankers' demographics:
| Senior Banker | Relationship Banker | |
| Average age | 45 | 43 |
| Gender ratio | Male, 52.8% Female, 47.2% | Male, 46.6% Female, 53.4% |
| 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, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 6% |