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Customer relationship manager vs relationship manager

The differences between customer relationship managers and relationship managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a customer relationship manager, becoming a relationship manager takes usually requires 6-8 years. Additionally, a relationship manager has an average salary of $83,761, which is higher than the $78,814 average annual salary of a customer relationship manager.

The top three skills for a customer relationship manager include customer service, customer relationships and CRM. The most important skills for a relationship manager are client relationships, work ethic, and strong work ethic.

Customer relationship manager vs relationship manager overview

Customer Relationship ManagerRelationship Manager
Yearly salary$78,814$83,761
Hourly rate$37.89$40.27
Growth rate5%5%
Number of jobs77,43072,920
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 69%
Average age4746
Years of experience68

What does a customer relationship manager do?

A customer relationship manager is in charge of overseeing teams that handle and provide services to a company's key clients. It is their duty to spearhead programs and projects that cater to key clients, ensuring to build positive relationships with them. They must also develop strategies to optimize operations and research new business opportunities. Furthermore, as a customer relationship manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.

What does a relationship manager do?

A relationship manager is responsible for maintaining a positive and professional relationship with customers and business partners, ensuring the highest customer satisfaction and good reputation. Relationship managers advise management on identifying business opportunities by analyzing the current market trends that would help generate revenues and increase its profitability. They connect with the marketing and sales team for product and services innovation, create compelling sales pitches, and develop customer service processes to assist customers with their inquiries and concerns efficiently.

Customer relationship manager vs relationship manager salary

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

Customer Relationship ManagerRelationship Manager
Average salary$78,814$83,761
Salary rangeBetween $54,000 And $113,000Between $56,000 And $123,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateWashingtonNew York
Best paying companyAmazonGoogle
Best paying industryTechnologyFinance

Differences between customer relationship manager and relationship manager education

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

Customer Relationship ManagerRelationship Manager
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeCalifornia State University - BakersfieldUniversity of Southern California

Customer relationship manager vs relationship manager demographics

Here are the differences between customer relationship managers' and relationship managers' demographics:

Customer Relationship ManagerRelationship Manager
Average age4746
Gender ratioMale, 41.4% Female, 58.6%Male, 53.5% Female, 46.5%
Race ratioBlack or African American, 10.8% Unknown, 4.7% Hispanic or Latino, 18.3% Asian, 5.2% White, 60.3% American Indian and Alaska Native, 0.6%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 Percentage8%7%

Differences between customer relationship manager and relationship manager duties and responsibilities

Customer relationship manager example responsibilities.

  • Exceed commercial loan and swap origination goals while simultaneously managing rehabilitation strategies for criticize bank assets.
  • Determine borrower eligibility for assistance / repayment plans (monthly income / NPV calculations).
  • Assist borrowers on default with repayment plans, modifications, short sale or DIL process.
  • default, loan modifications, document validation, NPV modeling, and second mortgage modifications).
  • Assist customers with various workout strategies for home retention including modifications for HFI and SFO loans.
  • Track homeowner's adherence to FHA HAMP forbearance plan and directly intervene when a homeowner are at risk of default.
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Relationship manager example responsibilities.

  • Manage both general and bankruptcy FHLMC loans.
  • Demonstrate ability to manage a portfolio with a concentration in loan modifications for HAMP and FNMA.
  • Lead the district in sales by initiating and document a proactive customer profiling effort and sale calls.
  • Oversee and manages all incoming and outgoing automate clearing house (ACH) transfer of electronic fund.
  • Process annuities, insurance policies, office bills, manage correspondence, and maintain require files and accounts.
  • Manage the west coast territory to research and analyze which healthcare facilities would benefit from the services offer.
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Customer relationship manager vs relationship manager skills

Common customer relationship manager skills
  • Customer Service, 24%
  • Customer Relationships, 16%
  • CRM, 13%
  • Customer Satisfaction, 6%
  • Lieu, 4%
  • Outbound Calls, 3%
Common relationship manager skills
  • Client Relationships, 11%
  • Work Ethic, 10%
  • Strong Work Ethic, 10%
  • Financial Services, 9%
  • Taking Care, 5%
  • Customer Service, 5%

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