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The differences between senior relationship managers and branch 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 branch manager. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Senior Relationship Manager | Branch Manager | |
| Yearly salary | $112,626 | $56,291 |
| Hourly rate | $54.15 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 65% |
| 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.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Senior relationship managers and branch managers have different pay scales, as shown below.
| Senior Relationship Manager | Branch Manager | |
| Average salary | $112,626 | $56,291 |
| Salary range | Between $78,000 And $161,000 | Between $39,000 And $80,000 |
| Highest paying City | San Francisco, CA | Oakland, CA |
| Highest paying state | New York | Alaska |
| Best paying company | Bloomberg | FNB |
| Best paying industry | Finance | Professional |
There are a few differences between a senior relationship manager and a branch manager in terms of educational background:
| Senior Relationship Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior relationship managers' and branch managers' demographics:
| Senior Relationship Manager | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 59.8% Female, 40.2% |
| 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |