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The differences between senior relationship managers and bank 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 a bank manager. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $96,910 average annual salary of a bank manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for a bank manager are bank products, financial services, and business development.
| Senior Relationship Manager | Bank Manager | |
| Yearly salary | $112,626 | $96,910 |
| Hourly rate | $54.15 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| 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.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Senior relationship managers and bank managers have different pay scales, as shown below.
| Senior Relationship Manager | Bank Manager | |
| Average salary | $112,626 | $96,910 |
| Salary range | Between $78,000 And $161,000 | Between $65,000 And $142,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Bloomberg | Accenture |
| Best paying industry | Finance | Finance |
There are a few differences between a senior relationship manager and a bank manager in terms of educational background:
| Senior Relationship Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior relationship managers' and bank managers' demographics:
| Senior Relationship Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 48.9% Female, 51.1% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |