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The differences between relationship account managers and business account managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a relationship account manager and a business account manager. Additionally, a business account manager has an average salary of $68,498, which is higher than the $65,213 average annual salary of a relationship account manager.
The top three skills for a relationship account manager include account management, CRM and business development. The most important skills for a business account manager are customer service, product knowledge, and account management.
| Relationship Account Manager | Business Account Manager | |
| Yearly salary | $65,213 | $68,498 |
| Hourly rate | $31.35 | $32.93 |
| Growth rate | 5% | 5% |
| Number of jobs | 149,358 | 212,532 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Relationship Account Managers help financial service organizations oversee sales and nourish their relationship with the assigned clients. They are assigned to clients depending on the service needs, product needs, industry, and geography. These professionals ensure the products or services perform to expectations by engaging with the assigned clients. They launch other groups' complementary products or services and recommend new services or products. Also, they ensure new accounts generate more sales revenue by contacting new potential clients.
Business Account Managers are experienced employees who manage client accounts. Companies usually employ them as distributors, retailers, manufacturers, or any other company with various business partnerships or dealings. They are in charge of managing the company's relationship with a specific client or group. They are the point of contact for these clients regarding requests or concerns related to company products or services. Business account managers ensure that the clients' concerns are properly addressed. They also ensure client loyalty and build harmonious working relationships with their assigned clients.
Relationship account managers and business account managers have different pay scales, as shown below.
| Relationship Account Manager | Business Account Manager | |
| Average salary | $65,213 | $68,498 |
| Salary range | Between $46,000 And $91,000 | Between $44,000 And $104,000 |
| Highest paying City | Richmond, CA | Redmond, WA |
| Highest paying state | New York | New Jersey |
| Best paying company | Adobe | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a relationship account manager and a business account manager in terms of educational background:
| Relationship Account Manager | Business Account Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between relationship account managers' and business account managers' demographics:
| Relationship Account Manager | Business Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.9% Female, 47.1% | Male, 55.8% Female, 44.2% |
| Race ratio | 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% | 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% |