Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between business partners and business relationship managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business partner, becoming a business relationship manager takes usually requires 6-8 years. Additionally, a business partner has an average salary of $96,324, which is higher than the $87,741 average annual salary of a business relationship manager.
The top three skills for a business partner include analytics, project management and customer service. The most important skills for a business relationship manager are customer service, relationship management, and cash management.
| Business Partner | Business Relationship Manager | |
| Yearly salary | $96,324 | $87,741 |
| Hourly rate | $46.31 | $42.18 |
| Growth rate | 10% | 17% |
| Number of jobs | 106,251 | 114,003 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A business partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
A business relationship manager is primarily responsible for improving the relationship between customers and businesses. Typically, it is their responsibility to develop strategies and business plans to strengthen client relationships, address issues and concerns, and perform corrective measures when necessary. There are instances when they have to reach out to clients through calls and correspondence, perform follow-up contacts to offer new services and opportunities, and provide industry advice or consultation. Furthermore, as a manager, it is essential to lead and encourage staff in the joint effort to reach target sales and improve client base.
Business partners and business relationship managers have different pay scales, as shown below.
| Business Partner | Business Relationship Manager | |
| Average salary | $96,324 | $87,741 |
| Salary range | Between $66,000 And $140,000 | Between $61,000 And $125,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | New Jersey |
| Best paying company | ZS | AstraZeneca |
| Best paying industry | Technology | Technology |
There are a few differences between a business partner and a business relationship manager in terms of educational background:
| Business Partner | Business Relationship Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between business partners' and business relationship managers' demographics:
| Business Partner | Business Relationship Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 64.6% Female, 35.4% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 11% |