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The differences between senior personal bankers and loan originators 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 originator takes usually requires 4-6 years. Additionally, a senior personal banker has an average salary of $48,641, which is higher than the $41,291 average annual salary of a loan originator.
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 originator are customer service, origination, and FHA.
| Senior Personal Banker | Loan Originator | |
| Yearly salary | $48,641 | $41,291 |
| Hourly rate | $23.39 | $19.85 |
| Growth rate | 15% | 4% |
| Number of jobs | 28,066 | 10,716 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 61% |
| Average age | 45 | 45 |
| Years of experience | 4 | 6 |
Senior personal bankers and loan originators have different pay scales, as shown below.
| Senior Personal Banker | Loan Originator | |
| Average salary | $48,641 | $41,291 |
| Salary range | Between $22,000 And $106,000 | Between $28,000 And $60,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | South Dakota |
| Best paying company | - | Centennial Bank |
| Best paying industry | - | Transportation |
There are a few differences between a senior personal banker and a loan originator in terms of educational background:
| Senior Personal Banker | Loan Originator | |
| 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 |
Here are the differences between senior personal bankers' and loan originators' demographics:
| Senior Personal Banker | Loan Originator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 46.4% Female, 53.6% | Male, 54.0% Female, 46.0% |
| 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, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 5% | 8% |