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Relationship account manager vs senior account manager

The differences between relationship account managers and senior 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 senior account manager. Additionally, a senior account manager has an average salary of $86,129, 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 senior account manager are customer service, account management, and project management.

Relationship account manager vs senior account manager overview

Relationship Account ManagerSenior Account Manager
Yearly salary$65,213$86,129
Hourly rate$31.35$41.41
Growth rate5%5%
Number of jobs149,358161,354
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 77%
Average age4646
Years of experience88

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 senior account manager do?

A senior account manager is in charge of managing and overseeing accounts in sales work, ensuring to meet all sales targets. Among the tasks of a senior account manager includes taking the lead and supervising workforce to its efficiency, devising strategies, and coming up with new opportunities to boost sales and strengthen client base. Moreover, it is also the task of a senior account manager to engage with clients, focusing on networking to attain better deals.

Relationship account manager vs senior account manager salary

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

Relationship Account ManagerSenior Account Manager
Average salary$65,213$86,129
Salary rangeBetween $46,000 And $91,000Between $57,000 And $128,000
Highest paying CityRichmond, CARichmond, VA
Highest paying stateNew YorkNew Jersey
Best paying companyAdobeNVIDIA
Best paying industryFinanceTechnology

Differences between relationship account manager and senior account manager education

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

Relationship Account ManagerSenior Account Manager
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 77%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Relationship account manager vs senior account manager demographics

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

Relationship Account ManagerSenior Account Manager
Average age4646
Gender ratioMale, 52.9% Female, 47.1%Male, 58.4% Female, 41.6%
Race ratioBlack 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 Percentage7%7%

Differences between relationship account manager and senior account 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.

Senior account manager example responsibilities.

  • Facilitate timely and accurate customer quotations to achieve margin targets in alignment with PPG pricing strategies.
  • Assist PPG credit department to manage customer debt and ensure timely payment under agree to credit terms.
  • Develop and manage new accounts for search marketing (SEO), social media marketing, web design and video production.
  • Manage accounts while providing excellent customer service, help build financial relationships, redirecting calls in upselling credit per customer needs
  • Facilitate positive customer relationships through product implementations and customer support management for this healthcare revenue cycle software and services firm.
  • Measure actual results against goals including POS.
  • Show more

Relationship account manager vs senior account 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 senior account manager skills
  • Customer Service, 8%
  • Account Management, 7%
  • Project Management, 6%
  • Healthcare, 5%
  • Work Ethic, 5%
  • Cloud, 5%

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