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The differences between senior relationship managers and finance 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 finance manager. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Senior Relationship Manager | Finance Manager | |
| Yearly salary | $112,626 | $101,374 |
| Hourly rate | $54.15 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| 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 finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Senior relationship managers and finance managers have different pay scales, as shown below.
| Senior Relationship Manager | Finance Manager | |
| Average salary | $112,626 | $101,374 |
| Salary range | Between $78,000 And $161,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Bloomberg | Barclays |
| Best paying industry | Finance | Finance |
There are a few differences between a senior relationship manager and a finance manager in terms of educational background:
| Senior Relationship Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior relationship managers' and finance managers' demographics:
| Senior Relationship Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 60.0% Female, 40.0% |
| 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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |