|
|
| *Ostroff, Fair and Company>>>Financial Services |
What is the difference between a teller and a personal banker? |
A local bank is hiring for both positions, and neither require work experience. Which is easier and which pays more? A teller deals with anyone and everyone who calls/comes into the bank. It's very high stress, as far as banking is concerned. A personal banker is the single point of contact for high end customers (at Wells Fargo, it was $25,000 plus). The stress is not as high. A teller handles cash and negotiable instruments and pays less, there is more gruntwork. A personal banker is more customer service oriented and opens accounts for ppl and gives advice. and it pays more... Tellers work behind the bank counter, handling routine financial transactions to customers who stand in line waiting for their turn. THe Dept of Labor has info on a range of jobs in banks: http://www.bls.gov/oco/cg/cgs027.htm... Personal bankers are usually individuals in a bank who are involved in managing the financial assets of wealthy individuals and providing assistance and and advise to them. However, in an attempt to make more basic positions in a bank sound more attractive, some banks call some of their sales positions "personal bankers", even if this is a person simply setting up accounts for new customers and trying to upsell them on bank features. Citibank has job listings that differentiat the two spots this way (and I don't think their listing for personal banker is the big bucks adviser):http://www.womenforhire.com/career_expos... Teller: The Teller is the primary provider of quality transactional service to Citibank clients.High School Diploma or equivalent required. Personal Banker:The Personal Banker proactively sources and acquires new client relationships while deepening existing relationships. Provide full financial needs assessment solutions utilizing Citipro (financial needs analysis tool).BA /BS in business preferred. Life & Health licenses, or the ability to obtain within 60 days of employment... The personal banker job will pay more. I agree with Victoria. While a personal banker used to be reserved for the high end customers, more and more banks are calling their customer service people "personal bankers" to make everybody feel special. TELLER = Accepts deposits and withdrawal requests from customers. Provides good customer service, has goals to make referrals to Personal Bankers and sales partners. Responsible for balancing their cash and maintaining audit controls and compliance testing requirements. PERSONAL BANKERS = A person who provides financial solutions to customers and prospects including Deposit, Loans, and Investments. They open new accounts, perform teleconsulting, business development and community involvement activities. You earn Incentive Pay just like a Teller but more. You profile customers and act as a Financial Physician. You get training on the job just like a Teller but BETTER pay and benefits. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$... Banking is a great career because everyone uses a Bank. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$... THe career advancement opportunities are excellent. %%%%%%%%%%%%%%%%%%%% Try these sites to take a look at some jobs in this financial services field: www.bankjobs.com www.jobsinthemoney.com www.monster.com www.careerbank.com www.creditunionjobs.com www.6figurejobs.com www,mrinetwork.com $$$$$$$$$$$$$$$$$$$$$$$$$$ Good Banks for jobs: www.wellsfargo.com www.bankofamerica.com www.chase.com www.wachovia.com www.usbank.com $$$$$$$$$$$$$$$$$$$$$$$$$$ Have a great day! GOOD LUCK :-) Careers in Banking (Financial Services) A teller handles deposits, withdrawals, payments, issuing money orders and cashier's checks, EE and I bond sales, making new account referrals to personal bankers and cash advances from credit cards. The primary function is transactional, customer service focused and pays $10-13 an hour even in California. It requires only a high school education and is often part time. This job is very easy. A personal banker may or may not require securities and/or basic insurance licenses and is sales oriented. They open checking and savings accounts, IRA cds, and loans. Some banks have new account specialists or sales and service advisors which also do this basic function. Typical starting salary is about $30,000 and may require a college degree. There is also a sales bonus that may add $15,000 or more paid on a quarterly or monthly basis, so it is typical to get $50,000 after a year on the job if successful in making sales even at a credit union. Most banks have financial advisors which actually manage investment portfolios since they have extensive experience usually gained at a brokerage firm. |
| Tags |
| Marketing & Sales Law & Legal Health Care Government & Non-Profit Food Service Financial Services Administrative and Office Support Other - Advertising & Marketing Search Engine Optimization |
Finance Categories--Copyright/IP Policy--Contact Webmaster |