Senior personal banker vs loan officer

The differences between senior personal bankers and loan officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior personal banker, becoming a loan officer takes usually requires 4-6 years. Additionally, a senior personal banker has an average salary of $48,641, which is higher than the $45,817 average annual salary of a loan officer.

The top three skills for a senior personal banker include bank products, loan applications and quality customer service. The most important skills for a loan officer are customer service, origination, and loan origination.

Senior personal banker vs loan officer overview

	Senior Personal Banker	Loan Officer
Yearly salary	$48,641	$45,817
Hourly rate	$23.39	$22.03
Growth rate	15%	4%
Number of jobs	28,066	63,663
Job satisfaction	5	4.5
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 61%
Average age	45	45
Years of experience	4	6

Senior personal banker vs loan officer salary

Senior personal bankers and loan officers have different pay scales, as shown below.

	Senior Personal Banker	Loan Officer
Average salary	$48,641	$45,817
Salary range	Between $22,000 And $106,000	Between $30,000 And $69,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Bangor Savings Bank
Best paying industry	-	Finance

Differences between senior personal banker and loan officer education

There are a few differences between a senior personal banker and a loan officer in terms of educational background:

	Senior Personal Banker	Loan Officer
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Senior personal banker vs loan officer demographics

Here are the differences between senior personal bankers' and loan officers' demographics:

	Senior Personal Banker	Loan Officer
Average age	45	45
Gender ratio	Male, 46.4% Female, 53.6%	Male, 55.3% Female, 44.7%
Race ratio	Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.2% White, 72.3% American Indian and Alaska Native, 0.1%	Black or African American, 9.0% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5%
LGBT Percentage	5%	8%

Differences between senior personal banker and loan officer duties and responsibilities

Senior personal banker example responsibilities.

Lead the district in sales by initiating and document a proactive customer profiling effort and sale calls.
Process treasury, tax and loan payments.supply tellers with coin and currency as needed.
Perform all teller transactions from deposit and withdrawals, money orders and certify checks and balance ATM.
Perform operational duties such as balancing bank vault, reloading of ATM, and supervision of teller line.
Conduct wire transfers, stop payments, issue bank checks, transfer funds between accounts, and public notary services.
Maximize cross-sell opportunities through customer profiling to identify opportunities.

Loan officer example responsibilities.

Manage a multifacete commercial real estate investment firm.
Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
Follow up leads for refinance loans gather all applications and necessary paperwork to qualify applicants from origination to close of escrow.
Analyze available resources to determine suitable mortgage products (FHA, FNMA/FHLC) to meet clients' purchasing or refinancing goals.
Originate and process various loan products including government, conventional, portfolio, construction, USDA mortgages, home equity line/loans.
Originate FHA, VA, conventional, jumbo, and USDA loans, according to specific lender guidelines in broker environment.

Senior personal banker vs loan officer skills

Common senior personal banker skills

Bank Products, 16%
Loan Applications, 9%
Quality Customer Service, 7%
Customer Relationships, 6%
Cross-Sell, 6%
Cross-Selling, 4%

Common loan officer skills

Customer Service, 17%
Origination, 13%
Loan Origination, 5%
FHA, 5%
NMLS, 5%
Loan Products, 4%