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Business relationship manager vs business manager-finance manager

The differences between business relationship managers and business manager-finance 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 a business manager-finance manager. Additionally, a business manager-finance manager has an average salary of $106,036, 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 a business manager-finance manager are financial analysis, project management, and financial management.

Business relationship manager vs business manager-finance manager overview

Business Relationship ManagerBusiness Manager-Finance Manager
Yearly salary$87,741$106,036
Hourly rate$42.18$50.98
Growth rate17%17%
Number of jobs114,003180,161
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 64%
Average age4646
Years of experience88

What does a business relationship manager do?

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.

What does a business manager-finance manager do?

A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.

Business relationship manager vs business manager-finance manager salary

Business relationship managers and business manager-finance managers have different pay scales, as shown below.

Business Relationship ManagerBusiness Manager-Finance Manager
Average salary$87,741$106,036
Salary rangeBetween $61,000 And $125,000Between $73,000 And $152,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateNew JerseyCalifornia
Best paying companyAstraZenecaZS
Best paying industryTechnologyFinance

Differences between business relationship manager and business manager-finance manager education

There are a few differences between a business relationship manager and a business manager-finance manager in terms of educational background:

Business Relationship ManagerBusiness Manager-Finance Manager
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Business relationship manager vs business manager-finance manager demographics

Here are the differences between business relationship managers' and business manager-finance managers' demographics:

Business Relationship ManagerBusiness Manager-Finance Manager
Average age4646
Gender ratioMale, 64.6% Female, 35.4%Male, 58.8% Female, 41.2%
Race ratioBlack 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between business relationship manager and business manager-finance manager duties and responsibilities

Business relationship manager example responsibilities.

  • Manage cross-selling and foster customer loyalty by ensuring value to these services.
  • Originate and structure commercial loans and manage credit risk both before and after loan origination.
  • Prepare and manage annual budget, perform financial reporting, complete tax returns, and manage personnel and payroll functions.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Complete extensive executive training in business banking, with focus on commercial loan origination, deposits and treasury services.
  • Negotiate and procure supplies to maximize return on investment through use of RFP process.
  • Show more

Business manager-finance manager example responsibilities.

  • Project manage implementation of ERP forecasting and budgeting system.
  • Manage accounting operations, accounting period closing, account reporting, and reconciliations.
  • Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
  • Identify several ongoing reporting mistakes and leverage accounting experience to determine and implement solutions to align with the standard accounting policy.
  • Execute all aspects of management including payroll, A/R, A/P and OSHA.
  • Establish, coordinate, and supervise treasury functions and international currency management for multiple foreign currency accounts in various countries.
  • Show more

Business relationship manager vs business manager-finance manager skills

Common business relationship manager skills
  • Customer Service, 10%
  • Relationship Management, 7%
  • Cash Management, 6%
  • Risk Management, 6%
  • Business Development, 6%
  • Customer Relationships, 5%
Common business manager-finance manager skills
  • Financial Analysis, 12%
  • Project Management, 5%
  • Financial Management, 4%
  • Oversight, 4%
  • Shared Services, 3%
  • Process Improvement, 3%

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