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The differences between relationship 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 manager and a senior account manager. Additionally, a senior account manager has an average salary of $86,129, 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 senior account manager are customer service, account management, and project management.
| Relationship Manager | Senior Account Manager | |
| Yearly salary | $83,761 | $86,129 |
| Hourly rate | $40.27 | $41.41 |
| Growth rate | 5% | 5% |
| Number of jobs | 72,920 | 161,354 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 77% |
| 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 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 managers and senior account managers have different pay scales, as shown below.
| Relationship Manager | Senior Account Manager | |
| Average salary | $83,761 | $86,129 |
| Salary range | Between $56,000 And $123,000 | Between $57,000 And $128,000 |
| Highest paying City | San Francisco, CA | Richmond, VA |
| Highest paying state | New York | New Jersey |
| Best paying company | NVIDIA | |
| Best paying industry | Finance | Technology |
There are a few differences between a relationship manager and a senior account manager in terms of educational background:
| Relationship Manager | Senior Account Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 77% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between relationship managers' and senior account managers' demographics:
| Relationship Manager | Senior Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 53.5% Female, 46.5% | Male, 58.4% Female, 41.6% |
| 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% |