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The differences between relationship account managers and corporate 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 corporate account manager. Additionally, a corporate account manager has an average salary of $90,069, 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 corporate account manager are healthcare, account management, and customer relationships.
| Relationship Account Manager | Corporate Account Manager | |
| Yearly salary | $65,213 | $90,069 |
| Hourly rate | $31.35 | $43.30 |
| Growth rate | 5% | 5% |
| Number of jobs | 149,358 | 170,741 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 79% |
| 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.
The duties of a corporate account manager depend on one's line of work or industry of employment. Typically, they are responsible for building a company's client base by devising strategies to identify market opportunities, reaching out to clients through calls and correspondence, and securing sales by offering products and services. They may also resolve issues and concerns, answer inquiries, process payments, and create billing plans as necessary. Furthermore, as a corporate account manager, it is essential to lead and encourage team members, all while implementing the company's policies and regulations.
Relationship account managers and corporate account managers have different pay scales, as shown below.
| Relationship Account Manager | Corporate Account Manager | |
| Average salary | $65,213 | $90,069 |
| Salary range | Between $46,000 And $91,000 | Between $54,000 And $147,000 |
| Highest paying City | Richmond, CA | Voorhees, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | Adobe | Clean Harbors |
| Best paying industry | Finance | - |
There are a few differences between a relationship account manager and a corporate account manager in terms of educational background:
| Relationship Account Manager | Corporate Account Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 79% |
| 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 corporate account managers' demographics:
| Relationship Account Manager | Corporate Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.9% Female, 47.1% | Male, 63.9% Female, 36.1% |
| 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% |