Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between relationship managers and portfolio 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 portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, 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 portfolio manager are portfolio management, customer service, and risk management.
| Relationship Manager | Portfolio Manager | |
| Yearly salary | $83,761 | $114,671 |
| Hourly rate | $40.27 | $55.13 |
| Growth rate | 5% | 17% |
| Number of jobs | 72,920 | 43,192 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| 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 portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Relationship managers and portfolio managers have different pay scales, as shown below.
| Relationship Manager | Portfolio Manager | |
| Average salary | $83,761 | $114,671 |
| Salary range | Between $56,000 And $123,000 | Between $66,000 And $198,000 |
| Highest paying City | San Francisco, CA | Stamford, CT |
| Highest paying state | New York | Connecticut |
| Best paying company | The Citadel | |
| Best paying industry | Finance | Finance |
There are a few differences between a relationship manager and a portfolio manager in terms of educational background:
| Relationship Manager | Portfolio Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between relationship managers' and portfolio managers' demographics:
| Relationship Manager | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 53.5% Female, 46.5% | Male, 66.6% Female, 33.4% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |