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The differences between senior relationship managers and audit 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 audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $112,626 average annual salary of a senior relationship manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Senior Relationship Manager | Audit Manager | |
| Yearly salary | $112,626 | $121,419 |
| Hourly rate | $54.15 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| 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 audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
Senior relationship managers and audit managers have different pay scales, as shown below.
| Senior Relationship Manager | Audit Manager | |
| Average salary | $112,626 | $121,419 |
| Salary range | Between $78,000 And $161,000 | Between $82,000 And $178,000 |
| Highest paying City | San Francisco, CA | Portland, ME |
| Highest paying state | New York | Maine |
| Best paying company | Bloomberg | Meta |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a senior relationship manager and an audit manager in terms of educational background:
| Senior Relationship Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior relationship managers' and audit managers' demographics:
| Senior Relationship Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 66.0% Female, 34.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |