Relationship account manager vs relationship manager

The differences between relationship account managers and 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 relationship manager. Additionally, a relationship manager has an average salary of $83,761, 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 relationship manager are client relationships, work ethic, and strong work ethic.

Relationship account manager vs relationship manager overview

	Relationship Account Manager	Relationship Manager
Yearly salary	$65,213	$83,761
Hourly rate	$31.35	$40.27
Growth rate	5%	5%
Number of jobs	149,358	72,920
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 69%
Average age	46	46
Years of experience	8	8

What does a relationship account manager do?

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.

What does a relationship manager do?

A relationship manager is responsible for maintaining a positive and professional relationship with customers and business partners, ensuring the highest customer satisfaction and good reputation. Relationship managers advise management on identifying business opportunities by analyzing the current market trends that would help generate revenues and increase its profitability. They connect with the marketing and sales team for product and services innovation, create compelling sales pitches, and develop customer service processes to assist customers with their inquiries and concerns efficiently.

Relationship account manager vs relationship manager salary

Relationship account managers and relationship managers have different pay scales, as shown below.

	Relationship Account Manager	Relationship Manager
Average salary	$65,213	$83,761
Salary range	Between $46,000 And $91,000	Between $56,000 And $123,000
Highest paying City	Richmond, CA	San Francisco, CA
Highest paying state	New York	New York
Best paying company	Adobe	Google
Best paying industry	Finance	Finance

Differences between relationship account manager and relationship manager education

There are a few differences between a relationship account manager and a relationship manager in terms of educational background:

	Relationship Account Manager	Relationship Manager
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 69%
Most common major	Business	Business
Most common college	University of Southern California	University of Southern California

Relationship account manager vs relationship manager demographics

Here are the differences between relationship account managers' and relationship managers' demographics:

	Relationship Account Manager	Relationship Manager
Average age	46	46
Gender ratio	Male, 52.9% Female, 47.1%	Male, 53.5% Female, 46.5%
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%

Differences between relationship account manager and relationship manager duties and responsibilities

Relationship account manager example responsibilities.

Negotiate all pricing and promotional offerings while managing to yield and ROI goals.
Utilize CRM system to manage, facilitate and document projects and tasks in technology planning efforts.
Manage a national merchant retail portfolio.
Perform cost-benefit and ROI analyses and prepare lead retrieval systems to ensure proper collection and aid management in future implementation decisions.
Grow existing customer base by upselling and cross-selling additional products and services, negotiating service agreement renewals, and controlling inventory.

Relationship manager example responsibilities.

Manage both general and bankruptcy FHLMC loans.
Demonstrate ability to manage a portfolio with a concentration in loan modifications for HAMP and FNMA.
Lead the district in sales by initiating and document a proactive customer profiling effort and sale calls.
Oversee and manages all incoming and outgoing automate clearing house (ACH) transfer of electronic fund.
Process annuities, insurance policies, office bills, manage correspondence, and maintain require files and accounts.
Manage the west coast territory to research and analyze which healthcare facilities would benefit from the services offer.

Relationship account manager vs relationship manager skills

Common relationship account manager skills

Account Management, 14%
CRM, 10%
Business Development, 9%
Client Relationships, 7%
Sales Goal, 4%
Client Issues, 4%

Common relationship manager skills

Client Relationships, 11%
Work Ethic, 10%
Strong Work Ethic, 10%
Financial Services, 9%
Taking Care, 5%
Customer Service, 5%

Relationship Account Manager vs. similar jobs

Relationship Account Manager related careers

Relationship Account Manager related jobs

What similar roles do

Zippia Careers
Executive Management Industry
Relationship Account Manager
Relationship Account Manager vs Relationship Manager

Updated January 8, 2025

Browse executive management jobs