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The differences between senior relationship managers and managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a senior relationship manager, becoming a manager takes usually requires 4-6 years. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $58,651 average annual salary of a manager.
The top three skills for a senior relationship manager include business development, financial services and financial statements. The most important skills for a manager are customer service, payroll, and food safety.
| Senior Relationship Manager | Manager | |
| Yearly salary | $112,626 | $58,651 |
| Hourly rate | $54.15 | $28.20 |
| Growth rate | 17% | 6% |
| Number of jobs | 55,259 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 49% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
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.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Senior relationship managers and managers have different pay scales, as shown below.
| Senior Relationship Manager | Manager | |
| Average salary | $112,626 | $58,651 |
| Salary range | Between $78,000 And $161,000 | Between $37,000 And $92,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | New York | New Jersey |
| Best paying company | Bloomberg | - |
| Best paying industry | Finance | Finance |
There are a few differences between a senior relationship manager and a manager in terms of educational background:
| Senior Relationship Manager | Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior relationship managers' and managers' demographics:
| Senior Relationship Manager | Manager | |
| Average age | 46 | 44 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 51.0% Female, 49.0% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |