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The differences between business relationship managers and audit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a business relationship manager and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $87,741 average annual salary of a business relationship manager.
The top three skills for a business relationship manager include customer service, relationship management and cash management. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Business Relationship Manager | Audit Manager | |
| Yearly salary | $87,741 | $121,419 |
| Hourly rate | $42.18 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 114,003 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
Business relationship managers and audit managers have different pay scales, as shown below.
| Business Relationship Manager | Audit Manager | |
| Average salary | $87,741 | $121,419 |
| Salary range | Between $61,000 And $125,000 | Between $82,000 And $178,000 |
| Highest paying City | San Francisco, CA | Portland, ME |
| Highest paying state | New Jersey | Maine |
| Best paying company | AstraZeneca | Meta |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a business relationship manager and an audit manager in terms of educational background:
| Business Relationship Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business relationship managers' and audit managers' demographics:
| Business Relationship Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 66.0% Female, 34.0% |
| Race ratio | 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% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |