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The differences between client associates and business relationship managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a client associate, becoming a business relationship manager takes usually requires 6-8 years. Additionally, a business relationship manager has an average salary of $87,741, which is higher than the $45,992 average annual salary of a client associate.
The top three skills for a client associate include client service, wealth management and sales support. The most important skills for a business relationship manager are customer service, relationship management, and cash management.
| Client Associate | Business Relationship Manager | |
| Yearly salary | $45,992 | $87,741 |
| Hourly rate | $22.11 | $42.18 |
| Growth rate | -4% | 17% |
| Number of jobs | 191,586 | 114,003 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Average age | 40 | 46 |
| Years of experience | 12 | 8 |
A client associate is an individual who builds a strong relationship with customers by providing support for their account needs and provides training if necessary. Client associates are required to communicate with their customers either on the phone, through email, or in person. They carry out administrative tasks for financial advisers, such as maintaining client account information and assisting with special projects. Client associates must also collect and analyze competitor data and client usage so that they create new business opportunities.
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.
Client associates and business relationship managers have different pay scales, as shown below.
| Client Associate | Business Relationship Manager | |
| Average salary | $45,992 | $87,741 |
| Salary range | Between $28,000 And $74,000 | Between $61,000 And $125,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Arrowstreet Capital | AstraZeneca |
| Best paying industry | Professional | Technology |
There are a few differences between a client associate and a business relationship manager in terms of educational background:
| Client Associate | Business Relationship Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between client associates' and business relationship managers' demographics:
| Client Associate | Business Relationship Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 64.6% Female, 35.4% |
| Race ratio | Black or African American, 12.7% Unknown, 5.6% Hispanic or Latino, 19.9% Asian, 7.1% White, 54.0% American Indian and Alaska Native, 0.7% | 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 | 7% | 11% |