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Business relationship manager vs finance manager

The differences between business relationship managers and 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 finance manager. Additionally, a finance manager has an average salary of $101,374, 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 finance manager are financial analysis, CPA, and customer service.

Business relationship manager vs finance manager overview

Business Relationship ManagerFinance Manager
Yearly salary$87,741$101,374
Hourly rate$42.18$48.74
Growth rate17%17%
Number of jobs114,003125,345
Job satisfaction-5
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 66%
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 finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Business relationship manager vs finance manager salary

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

Business Relationship ManagerFinance Manager
Average salary$87,741$101,374
Salary rangeBetween $61,000 And $125,000Between $71,000 And $144,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateNew JerseyNew York
Best paying companyAstraZenecaBarclays
Best paying industryTechnologyFinance

Differences between business relationship manager and finance manager education

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

Business Relationship ManagerFinance Manager
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Business relationship manager vs finance manager demographics

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

Business Relationship ManagerFinance Manager
Average age4646
Gender ratioMale, 64.6% Female, 35.4%Male, 60.0% Female, 40.0%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between business relationship manager and 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

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
  • Show more

Business relationship manager vs 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 finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%

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