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The differences between relationship account managers and client 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 client relationship manager. Additionally, a client relationship manager has an average salary of $89,226, 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 client relationship manager are customer service, client service, and client satisfaction.
| Relationship Account Manager | Client Relationship Manager | |
| Yearly salary | $65,213 | $89,226 |
| Hourly rate | $31.35 | $42.90 |
| Growth rate | 5% | 5% |
| Number of jobs | 149,358 | 85,793 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 77% |
| 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.
Client Relationship Managers handle special client accounts for the company. They are usually assigned to essential clients or corporate accounts. They ensure that the company keeps these clients engaged. Client Relationship Managers work hard to build professional working relationships. They give special attention to the assigned client accounts and provide clients with updates on company services and promotions. They tend to any concerns that clients may have, and they ensure that these concerns are properly addressed and resolved. Client Relationship Managers are entrusted to build and strengthen the company's relationship with a client. As such, they are expected to be professional, friendly, and collaborative.
Relationship account managers and client relationship managers have different pay scales, as shown below.
| Relationship Account Manager | Client Relationship Manager | |
| Average salary | $65,213 | $89,226 |
| Salary range | Between $46,000 And $91,000 | Between $57,000 And $139,000 |
| Highest paying City | Richmond, CA | San Francisco, CA |
| Highest paying state | New York | Massachusetts |
| Best paying company | Adobe | Fenwick & West |
| Best paying industry | Finance | Technology |
There are a few differences between a relationship account manager and a client relationship manager in terms of educational background:
| Relationship Account Manager | Client Relationship Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 77% |
| 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 client relationship managers' demographics:
| Relationship Account Manager | Client Relationship Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.9% Female, 47.1% | Male, 47.2% Female, 52.8% |
| 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% |