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The differences between senior relationship managers and cash 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 cash manager. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for a cash manager are customer service, cash management, and treasury.
| Senior Relationship Manager | Cash Manager | |
| Yearly salary | $112,626 | $93,363 |
| Hourly rate | $54.15 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 60,517 |
| 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 cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Senior relationship managers and cash managers have different pay scales, as shown below.
| Senior Relationship Manager | Cash Manager | |
| Average salary | $112,626 | $93,363 |
| Salary range | Between $78,000 And $161,000 | Between $66,000 And $130,000 |
| Highest paying City | San Francisco, CA | Redding, CA |
| Highest paying state | New York | California |
| Best paying company | Bloomberg | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a senior relationship manager and a cash manager in terms of educational background:
| Senior Relationship Manager | Cash 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 cash managers' demographics:
| Senior Relationship Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 38.2% Female, 61.8% |
| 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, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |