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The differences between commercial lines account managers and account managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an account manager has an average salary of $68,535, which is higher than the $57,372 average annual salary of a commercial lines account manager.
The top three skills for a commercial lines account manager include customer service, management system and cancellations. The most important skills for an account manager are customer service, account management, and healthcare.
| Commercial Lines Account Manager | Account Manager | |
| Yearly salary | $57,372 | $68,535 |
| Hourly rate | $27.58 | $32.95 |
| Growth rate | 6% | 5% |
| Number of jobs | 84,354 | 152,261 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 70% |
| Average age | 46 | 46 |
| Years of experience | - | 8 |
A commercial lines account manager is an individual who provides quality service to clients as well as act as the daily liaison between insurance company, agent, and their clients. Commercial lines account managers are required to address various coverage issues and handle inside service work that is associated with the client's account. They must assist their clients in making appropriate coverage changes and educate them about coverage, exclusions, and exposures. Commercial lines account managers must also set up finance contracts with PFS and help negotiate rates if applicable.
Account managers are employees who act as the bridge between the company they represent and the client of the company. They are assigned to handle specific clients so that the company will be able to tailor-fit any product or service according to the clients' requirements. Account managers are responsible for maintaining a harmonious relationship between the two parties by ensuring that any agreement made is amenable to both the company and the client. They are also responsible for ensuring that the company will be able to provide the needs of the client within any limitation that the client may have. Account managers also ensure that the company's reputation and well-being are always considered in any dealings.
Commercial lines account managers and account managers have different pay scales, as shown below.
| Commercial Lines Account Manager | Account Manager | |
| Average salary | $57,372 | $68,535 |
| Salary range | Between $44,000 And $74,000 | Between $42,000 And $110,000 |
| Highest paying City | Bothell, WA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | UBS | NVIDIA |
| Best paying industry | Start-up | Technology |
There are a few differences between a commercial lines account manager and an account manager in terms of educational background:
| Commercial Lines Account Manager | Account Manager | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between commercial lines account managers' and account managers' demographics:
| Commercial Lines Account Manager | Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 54.8% Female, 45.2% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |