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The differences between relationship managers and channel 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 manager and a channel manager. Additionally, a channel manager has an average salary of $87,573, which is higher than the $83,761 average annual salary of a relationship manager.
The top three skills for a relationship manager include client relationships, work ethic and strong work ethic. The most important skills for a channel manager are customer service, CRM, and digital marketing.
| Relationship Manager | Channel Manager | |
| Yearly salary | $83,761 | $87,573 |
| Hourly rate | $40.27 | $42.10 |
| Growth rate | 5% | 5% |
| Number of jobs | 72,920 | 106,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 79% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A channel manager is responsible for supervising client relations within the assigned partner accounts. Channel managers handle the project management strategies to achieve clients' satisfaction by following their specifications and requirements. They manage marketing and promotional campaigns to improve brand awareness of the target market audience. A channel manager also oversees media relations techniques, as well as publishing digital content that would attract customers and generate more revenue resources for the business. A channel manager coordinates with channel partners for maintaining optimal performance and maximum productivity.
Relationship managers and channel managers have different pay scales, as shown below.
| Relationship Manager | Channel Manager | |
| Average salary | $83,761 | $87,573 |
| Salary range | Between $56,000 And $123,000 | Between $63,000 And $121,000 |
| Highest paying City | San Francisco, CA | Sunnyvale, CA |
| Highest paying state | New York | California |
| Best paying company | Meta | |
| Best paying industry | Finance | Professional |
There are a few differences between a relationship manager and a channel manager in terms of educational background:
| Relationship Manager | Channel Manager | |
| Most common degree | Bachelor's Degree, 69% | 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 managers' and channel managers' demographics:
| Relationship Manager | Channel Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 53.5% Female, 46.5% | Male, 70.1% Female, 29.9% |
| 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% |