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What is a senior relationship manager and how to become one
Senior relationship managers are members of a company assigned to communicating with certain entities outside or inside the company. They are responsible for communicating with other businesses, clients, customers, vendors, and communities, among others. Their main duty is to make sure adequate communication is maintained with the mentioned entities.
Their key responsibilities include serving a designated portfolio of accounts, developing portfolios by prospecting new clients, achieving various individual business targets, preparing credit proposals, conducting a regular review, and providing guidance, coaching, and support for junior teammates.
Education requirements include a bachelor's degree with a major in business administration, finance, or related field. This is a senior position, and most employees would require over ten years of work experience.
Being a senior at an organization does not just get you respect. It has many perks. For example, the average salary for a traditional workweek is $76.66 an hour. That estimates to an average annual wage of $159,458 a year. Not only that, the career is likely to experience growth in the coming years and create various job opportunities across the United States.
Avg. Salary $112,626
Avg. Salary $59,228
Growth rate 17%
Growth rate 0.3%
American Indian and Alaska Native 0.34%
Asian 10.19%
Black or African American 7.60%
Hispanic or Latino 14.56%
Unknown 4.11%
White 63.21%
Genderfemale 35.58%
male 64.42%
Age - 46American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 46Stress level is very high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
Senior relationship manager career paths
Key steps to become a senior relationship manager
Explore senior relationship manager education requirements
Start to develop specific senior relationship manager skills
Skills Percentages Business Development 7.31% Financial Services 6.47% Financial Statements 6.22% Cross-Selling 5.99% SR 5.81% Complete relevant senior relationship manager training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New senior relationship managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a senior relationship manager based on U.S. Bureau of Labor Statistics data and data from real senior relationship manager resumes.Research senior relationship manager duties and responsibilities
- Manage 350 mid-market corporate accounts in healthcare, government and commercial industries nationwide with annual sales of $5M dollars.
- Lead successful effort to establish first large-scale U.S. corporate treasury management relationship.
- Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
- Coordinate and direct cross sell opportunities with relate business lines including treasury management, leasing, capital markets and investment services.
Get senior relationship manager experience
Generally, it takes 6-8 years to become a senior relationship manager. The most common roles before becoming a senior relationship manager include relationship manager, vice president team lead and vice president and manager.Prepare your senior relationship manager resume
When your background is strong enough, you can start writing your senior relationship manager resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a senior relationship manager resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable senior relationship manager resume templates
Build a professional senior relationship manager resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your senior relationship manager resume.
Apply for senior relationship manager jobs
Now it's time to start searching for a senior relationship manager job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average senior relationship manager salary
The average senior relationship manager salary in the United States is $112,626 per year or $54 per hour. Senior relationship manager salaries range between $78,000 and $161,000 per year.
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Updated January 8, 2025
