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The differences between relationship account managers and business relationship 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 relationship manager. Additionally, a business relationship manager has an average salary of $87,741, 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 relationship manager are customer service, relationship management, and cash management.
| Relationship Account Manager | Business Relationship Manager | |
| Yearly salary | $65,213 | $87,741 |
| Hourly rate | $31.35 | $42.18 |
| Growth rate | 5% | 17% |
| Number of jobs | 149,358 | 114,003 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| 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.
A business relationship manager is primarily responsible for improving the relationship between customers and businesses. Typically, it is their responsibility to develop strategies and business plans to strengthen client relationships, address issues and concerns, and perform corrective measures when necessary. There are instances when they have to reach out to clients through calls and correspondence, perform follow-up contacts to offer new services and opportunities, and provide industry advice or consultation. Furthermore, as a manager, it is essential to lead and encourage staff in the joint effort to reach target sales and improve client base.
Relationship account managers and business relationship managers have different pay scales, as shown below.
| Relationship Account Manager | Business Relationship Manager | |
| Average salary | $65,213 | $87,741 |
| Salary range | Between $46,000 And $91,000 | Between $61,000 And $125,000 |
| Highest paying City | Richmond, CA | San Francisco, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Adobe | AstraZeneca |
| Best paying industry | Finance | Technology |
There are a few differences between a relationship account manager and a business relationship manager in terms of educational background:
| Relationship Account Manager | Business Relationship Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between relationship account managers' and business relationship managers' demographics:
| Relationship Account Manager | Business Relationship Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.9% Female, 47.1% | Male, 64.6% Female, 35.4% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |