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The differences between business relationship managers and business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a business relationship manager, becoming a business analyst takes usually requires 2-4 years. Additionally, a business relationship manager has an average salary of $87,741, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a business relationship manager include customer service, relationship management and cash management. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Business Relationship Manager | Business Analyst | |
| Yearly salary | $87,741 | $74,431 |
| Hourly rate | $42.18 | $35.78 |
| Growth rate | 17% | 9% |
| Number of jobs | 114,003 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Average age | 46 | 44 |
| Years of experience | 8 | 4 |
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 analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Business relationship managers and business analysts have different pay scales, as shown below.
| Business Relationship Manager | Business Analyst | |
| Average salary | $87,741 | $74,431 |
| Salary range | Between $61,000 And $125,000 | Between $53,000 And $103,000 |
| Highest paying City | San Francisco, CA | Mountain View, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | AstraZeneca | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a business relationship manager and a business analyst in terms of educational background:
| Business Relationship Manager | Business Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between business relationship managers' and business analysts' demographics:
| Business Relationship Manager | Business Analyst | |
| Average age | 46 | 44 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 53.9% Female, 46.1% |
| 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, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |