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The differences between senior relationship managers and business relationship 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 business relationship manager. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $87,741 average annual salary of a business relationship manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for a business relationship manager are customer service, relationship management, and cash management.
| Senior Relationship Manager | Business Relationship Manager | |
| Yearly salary | $112,626 | $87,741 |
| Hourly rate | $54.15 | $42.18 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 114,003 |
| 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.
A business relationship manager is primarily responsible for improving the relationship between customers and businesses. Typically, it is their responsibility to develop strategies and business plans to strengthen client relationships, address issues and concerns, and perform corrective measures when necessary. There are instances when they have to reach out to clients through calls and correspondence, perform follow-up contacts to offer new services and opportunities, and provide industry advice or consultation. Furthermore, as a manager, it is essential to lead and encourage staff in the joint effort to reach target sales and improve client base.
Senior relationship managers and business relationship managers have different pay scales, as shown below.
| Senior Relationship Manager | Business Relationship Manager | |
| Average salary | $112,626 | $87,741 |
| Salary range | Between $78,000 And $161,000 | Between $61,000 And $125,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Bloomberg | AstraZeneca |
| Best paying industry | Finance | Technology |
There are a few differences between a senior relationship manager and a business relationship manager in terms of educational background:
| Senior Relationship Manager | Business Relationship Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior relationship managers' and business relationship managers' demographics:
| Senior Relationship Manager | Business Relationship Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 64.6% Female, 35.4% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |