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The differences between senior relationship managers and 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 relationship manager. Additionally, a senior relationship manager has an average salary of $112,626, which is higher than the $83,761 average annual salary of a 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 relationship manager are client relationships, work ethic, and strong work ethic.
| Senior Relationship Manager | Relationship Manager | |
| Yearly salary | $112,626 | $83,761 |
| Hourly rate | $54.15 | $40.27 |
| Growth rate | 17% | 5% |
| Number of jobs | 55,259 | 72,920 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| 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 relationship manager is responsible for maintaining a positive and professional relationship with customers and business partners, ensuring the highest customer satisfaction and good reputation. Relationship managers advise management on identifying business opportunities by analyzing the current market trends that would help generate revenues and increase its profitability. They connect with the marketing and sales team for product and services innovation, create compelling sales pitches, and develop customer service processes to assist customers with their inquiries and concerns efficiently.
Senior relationship managers and relationship managers have different pay scales, as shown below.
| Senior Relationship Manager | Relationship Manager | |
| Average salary | $112,626 | $83,761 |
| Salary range | Between $78,000 And $161,000 | Between $56,000 And $123,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | Bloomberg | |
| Best paying industry | Finance | Finance |
There are a few differences between a senior relationship manager and a relationship manager in terms of educational background:
| Senior Relationship Manager | Relationship Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between senior relationship managers' and relationship managers' demographics:
| Senior Relationship Manager | Relationship Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 53.5% Female, 46.5% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 7% |