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What is a relationship account manager and how to become one
A relationship account manager works in financial service organizations to develop and maintain relationships with clients. They are responsible for meeting all financial goals as determined by their clients. To do this, they conduct regular meetings with clients and ensure that the organization's products or services meet their expectations.
The typical workweek of a relationship account manager revolves around meeting with clients, conducting research, updating client information, communicating with relevant teams, and generating and compiling reports. In terms of work environment, a relationship account manager usually works a typical forty-hour-week schedule and mainly operates from the organization's office. However, the job frequently entails travelling to meet with clients and attend other business events.
A candidate must possess at least an undergraduate degree in finance, business, economics, or other related fields to qualify for this role. However, some employers may require an MBA or some other form of post-graduate education. Furthermore, a candidate must have at least two to three years or more of relevant work experience.
A relationship account manager makes an average of $89,000 per year, depending on their level of experience, expertise, and education.
What general advice would you give to a relationship account manager?
Kaustav Misra Ph.D.
Associate Dean, Central Connecticut State University
Avg. Salary $65,213
Avg. Salary $59,228
Growth rate 5%
Growth rate 0.3%
American Indian and Alaska Native 0.24%
Asian 4.07%
Black or African American 3.24%
Hispanic or Latino 9.82%
Unknown 4.41%
White 78.23%
Genderfemale 47.06%
male 52.94%
Age - 46American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 46Stress level is manageable
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
Relationship account manager career paths
Key steps to become a relationship account manager
Explore relationship account manager education requirements
Start to develop specific relationship account manager skills
Skills Percentages Account Management 14.13% CRM 10.44% Business Development 8.80% Client Relationships 7.19% Sales Goal 4.13% Complete relevant relationship account manager training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New relationship account managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a relationship account manager based on U.S. Bureau of Labor Statistics data and data from real relationship account manager resumes.Research relationship account manager duties and responsibilities
- Negotiate all pricing and promotional offerings while managing to yield and ROI goals.
- Utilize CRM system to manage, facilitate and document projects and tasks in technology planning efforts.
- Manage a national merchant retail portfolio.
- Perform cost-benefit and ROI analyses and prepare lead retrieval systems to ensure proper collection and aid management in future implementation decisions.
Prepare your relationship account manager resume
When your background is strong enough, you can start writing your relationship account manager resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a relationship account manager resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
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Build a professional relationship account manager resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your relationship account manager resume.
Apply for relationship account manager jobs
Now it's time to start searching for a relationship account manager job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average relationship account manager salary
The average relationship account manager salary in the United States is $65,213 per year or $31 per hour. Relationship account manager salaries range between $46,000 and $91,000 per year.
What am I worth?
How do relationship account managers rate their job?
Relationship account manager reviews
Motivating people and helping to create success in each person's day. Honor God serve people in rich people's lives, pursue excellence in service.
I don't like Infiltration which is common in Asian countries.
Strategic Planning to develop and capture new business opportunities, building strong customer/partner relationships and analyzing the financial performance of customers to help improve their financial and operational performance. Negotiations
Being away from family because of excessive travel
Updated January 8, 2025
