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The differences between senior relationship managers and portfolio 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 portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $112,626 average annual salary of a senior 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 portfolio manager are portfolio management, customer service, and risk management.
| Senior Relationship Manager | Portfolio Manager | |
| Yearly salary | $112,626 | $114,671 |
| Hourly rate | $54.15 | $55.13 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,259 | 43,192 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| 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 portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Senior relationship managers and portfolio managers have different pay scales, as shown below.
| Senior Relationship Manager | Portfolio Manager | |
| Average salary | $112,626 | $114,671 |
| Salary range | Between $78,000 And $161,000 | Between $66,000 And $198,000 |
| Highest paying City | San Francisco, CA | Stamford, CT |
| Highest paying state | New York | Connecticut |
| Best paying company | Bloomberg | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a senior relationship manager and a portfolio manager in terms of educational background:
| Senior Relationship Manager | Portfolio Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior relationship managers' and portfolio managers' demographics:
| Senior Relationship Manager | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 66.6% Female, 33.4% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |