Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior relationship managers and asset 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 senior relationship manager and an asset manager. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $85,814 average annual salary of an asset manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for an asset manager are asset management, financial statements, and property management.
| Senior Relationship Manager | Asset Manager | |
| Yearly salary | $112,626 | $85,814 |
| Hourly rate | $54.15 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior relationship manager is responsible for handling clients and customer relationships, ensuring that the team provides the highest quality service for the customers to maintain the company's excellent reputation and operational efficiency. Senior relationship managers analyze current market trends to identify business opportunities that meet the clients' demands and public interests, generating resources for revenues, and increasing the company's profitability. They also assist the marketing and sales team in developing promotional strategies for brand awareness to attract potential clients and create business partnerships.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Senior relationship managers and asset managers have different pay scales, as shown below.
| Senior Relationship Manager | Asset Manager | |
| Average salary | $112,626 | $85,814 |
| Salary range | Between $78,000 And $161,000 | Between $59,000 And $123,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Bloomberg | Deutsche Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a senior relationship manager and an asset manager in terms of educational background:
| Senior Relationship Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior relationship managers' and asset managers' demographics:
| Senior Relationship Manager | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |