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The differences between relationship managers and relationship bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a relationship manager, becoming a relationship banker takes usually requires 2-4 years. Additionally, a relationship manager has an average salary of $83,761, which is higher than the $37,091 average annual salary of a relationship banker.
The top three skills for a relationship manager include client relationships, work ethic and strong work ethic. The most important skills for a relationship banker are excellent interpersonal, financial services, and work ethic.
| Relationship Manager | Relationship Banker | |
| Yearly salary | $83,761 | $37,091 |
| Hourly rate | $40.27 | $17.83 |
| Growth rate | 5% | 10% |
| Number of jobs | 72,920 | 34,587 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Average age | 46 | 43 |
| Years of experience | 8 | 4 |
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 relationship banker is responsible for providing financial advice by applying financial disciplines in the banking industry. Relationship bankers process financial transactions on their clients' bank accounts, generate account statements, and reiterate bank policies to support clients' financial goals and objectives. They also research the current financial industry, identify new bank services opportunities to gain more clients, and increase profits for the business. A relationship banker must have excellent communication and customer service skills, responding to the clients' inquiries and concerns regarding their bank accounts, and resolving complaints timely and efficiently.
Relationship managers and relationship bankers have different pay scales, as shown below.
| Relationship Manager | Relationship Banker | |
| Average salary | $83,761 | $37,091 |
| Salary range | Between $56,000 And $123,000 | Between $28,000 And $48,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Santander Bank | |
| Best paying industry | Finance | Finance |
There are a few differences between a relationship manager and a relationship banker in terms of educational background:
| Relationship Manager | Relationship Banker | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between relationship managers' and relationship bankers' demographics:
| Relationship Manager | Relationship Banker | |
| Average age | 46 | 43 |
| Gender ratio | Male, 53.5% Female, 46.5% | Male, 46.6% Female, 53.4% |
| 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, 5.4% Unknown, 4.1% Hispanic or Latino, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 6% |