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 is a Relationship Account Manager?
What Does a Relationship Account Manager Do
There are certain skills that many relationship account managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and customer-service skills.
How To Become a Relationship Account Manager
If you're interested in becoming a relationship account manager, one of the first things to consider is how much education you need. We've determined that 73.4% of relationship account managers have a bachelor's degree. In terms of higher education levels, we found that 9.7% of relationship account managers have master's degrees. Even though most relationship account managers have a college degree, it's possible to become one with only a high school degree or GED.
Relationship Account Manager Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of sales manager you might progress to a role such as account manager eventually. Later on in your career, you could end up with the title strategic accounts manager.
Average Salary for a Relationship Account Manager
What Am I Worth?
States With The Most Relationship Account Manager Jobs
Mouse over a state to see the number of active relationship account manager jobs in each state. The darker areas on the map show where relationship account managers earn the highest salaries across all 50 states.
Number Of Relationship Account Manager Jobs By State
| Rank | State | Number of Jobs | Average Salary |
|---|---|---|---|
| 1 | California | 5,915 | $79,489 |
| 2 | Texas | 5,014 | $62,865 |
| 3 | Florida | 3,235 | $52,748 |
| 4 | New York | 2,845 | $80,520 |
| 5 | Pennsylvania | 2,486 | $59,150 |
| 6 | Illinois | 2,347 | $71,217 |
| 7 | Ohio | 2,236 | $66,766 |
| 8 | Georgia | 2,121 | $54,945 |
| 9 | North Carolina | 2,052 | $59,317 |
| 10 | Virginia | 1,995 | $75,219 |
| 11 | Washington | 1,693 | $66,740 |
| 12 | Massachusetts | 1,626 | $67,421 |
| 13 | Minnesota | 1,517 | $58,122 |
| 14 | Michigan | 1,411 | $74,814 |
| 15 | Arizona | 1,362 | $65,677 |
| 16 | New Jersey | 1,306 | $68,153 |
| 17 | Maryland | 1,257 | $61,874 |
| 18 | Wisconsin | 1,160 | $62,355 |
| 19 | Tennessee | 1,152 | $61,519 |
| 20 | Missouri | 1,135 | $53,950 |
| 21 | Indiana | 1,088 | $64,824 |
| 22 | Colorado | 1,000 | $51,192 |
| 23 | Oregon | 948 | $79,274 |
| 24 | Connecticut | 744 | $65,020 |
| 25 | South Carolina | 719 | $51,186 |
| 26 | Kentucky | 604 | $55,186 |
| 27 | Alabama | 591 | $52,969 |
| 28 | Kansas | 574 | $56,562 |
| 29 | Louisiana | 573 | $51,724 |
| 30 | Utah | 565 | $53,554 |
| 31 | Iowa | 502 | $57,932 |
| 32 | Arkansas | 500 | $59,907 |
| 33 | Nevada | 477 | $64,951 |
| 34 | Oklahoma | 465 | $49,110 |
| 35 | Nebraska | 393 | $55,757 |
| 36 | New Hampshire | 347 | $71,080 |
| 37 | Idaho | 327 | $62,426 |
| 38 | Mississippi | 299 | $52,840 |
| 39 | New Mexico | 291 | $62,021 |
| 40 | Montana | 260 | $58,334 |
| 41 | Delaware | 256 | $69,501 |
| 42 | Rhode Island | 232 | $69,775 |
| 43 | Maine | 228 | $68,705 |
| 44 | West Virginia | 204 | $63,677 |
| 45 | North Dakota | 200 | $59,951 |
| 46 | South Dakota | 164 | $58,472 |
| 47 | Vermont | 134 | $68,115 |
| 48 | Hawaii | 131 | $63,020 |
| 49 | Wyoming | 128 | $57,321 |
| 50 | Alaska | 83 | $63,627 |
Top Colleges for Relationship Account Managers
1. University of Southern California
Los Angeles, CA • Private
2. University of Wisconsin - Madison
Madison, WI • Private
3. University of Pennsylvania
Philadelphia, PA • Private
4. University of Georgia
Athens, GA • Private
5. Virginia Polytechnic Institute and State University
Blacksburg, VA • Private
6. Northwestern University
Evanston, IL • Private
7. Ohio State University
Columbus, OH • Private
8. University of Texas at Austin
Austin, TX • Private
9. University of Houston
Houston, TX • Private
10. SUNY at Binghamton
Vestal, NY • Private
Top Skills For a Relationship Account Manager
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.1% of relationship account managers listed account management on their resume, but soft skills such as analytical skills and communication skills are important as well.
Choose From 10+ Customizable Relationship Account Manager Resume templates
Zippia allows you to choose from different easy-to-use Relationship Account Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Relationship Account Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Relationship Account Manager Demographics
Relationship Account Manager Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among relationship account managers, 47.1% of them are women, while 52.9% are men.
- The most common race/ethnicity among relationship account managers is White, which makes up 82.7% of all relationship account managers.
- The most common foreign language among relationship account managers is Spanish at 58.8%.
Work Experience Programs For Relationship Account Managers
Virtual work experience programs replicate work at top companies and help you gain the skills to be successful when applying and working there. In only a few hours, learn the relevant tools necessary to complete a typical work day at that company. Virtual work experience programs are 100% free, open-access, and self-paced. No experience or application is required!
Company: JPMorgan Chase
Cost: Free
Duration: 4.5-6 hours
Company: Australasian Society for HIV, Viral Hepatitis and Sexual Health Medicine
Cost: Free
Duration: 5-6 hours
Company: JPMorgan Chase
Cost: Free
Duration: 4-5 hours
Company: JPMorgan Chase & Co.
Cost: Free
Duration: 4-5 hours
Company: SAGEA
Cost: Free
Duration: 6-8 hours
Online Courses For Relationship Account Manager That You May Like
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Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...
Best States For a Relationship Account Manager
Some places are better than others when it comes to starting a career as a relationship account manager. The best states for people in this position are New York, California, Oregon, and Virginia. Relationship account managers make the most in New York with an average salary of $80,520. Whereas in California and Oregon, they would average $79,489 and $79,274, respectively. While relationship account managers would only make an average of $75,219 in Virginia, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Oregon
$79,274
Avg. Salary
2. New York
$80,520
Avg. Salary
3. Virginia
$75,219
Avg. Salary
How Do Relationship Account Manager Rate Their Jobs?
Top Relationship Account Manager Employers
Most Common Employers For Relationship Account Manager
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | Palo Alto Networks | $107,136 | $51.51 | 4 |
| 2 | Mouser Electronics | $101,173 | $48.64 | 5 |
| 3 | Dell | $94,751 | $45.55 | 13 |
| 4 | JPMorgan Chase & Co. | $89,539 | $43.05 | 9 |
| 5 | Dun & Bradstreet | $83,405 | $40.10 | 8 |
| 6 | Motorola Solutions | $79,921 | $38.42 | 6 |
| 7 | Grainger | $77,360 | $37.19 | 141 |
| 8 | McLeod Software | $76,334 | $36.70 | 4 |
| 9 | WageWorks | $73,429 | $35.30 | 5 |
| 10 | Kforce | $72,141 | $34.68 | 6 |
Relationship Account Manager Videos
