Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior bankers and senior underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior underwriter has an average salary of $69,375, 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 senior underwriter are customer service, portfolio, and underwriting guidelines.
| Senior Banker | Senior Underwriter | |
| Yearly salary | $66,444 | $69,375 |
| Hourly rate | $31.94 | $33.35 |
| Growth rate | 4% | -4% |
| Number of jobs | 23,051 | 6,726 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 71% |
| Average age | 45 | 44 |
| Years of experience | 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 senior underwriter is responsible for evaluating the eligibility of an applicant for loan application processing. Senior underwriters verify the applicant's information, including their credit score and other valid documents, ensuring that the applicant fulfills the loan application's parameters. They check the applicant's portfolios and provide them the next necessary steps and the alternatives for loan types. A senior underwriter must have excellent knowledge of the loan processes and underwriting procedures to analyze applications and make accurate decisions.
Senior bankers and senior underwriters have different pay scales, as shown below.
| Senior Banker | Senior Underwriter | |
| Average salary | $66,444 | $69,375 |
| Salary range | Between $28,000 And $153,000 | Between $44,000 And $108,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Capital Group |
| Best paying industry | Finance | Insurance |
There are a few differences between a senior banker and a senior underwriter in terms of educational background:
| Senior Banker | Senior Underwriter | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior bankers' and senior underwriters' demographics:
| Senior Banker | Senior Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 52.8% Female, 47.2% | Male, 42.0% Female, 58.0% |
| 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, 9.3% Unknown, 2.5% Hispanic or Latino, 9.4% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |