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The differences between senior relationship managers and senior 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 senior manager takes usually requires 4-6 years. Additionally, a senior manager has an average salary of $118,906, 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 senior manager are analytics, project management, and portfolio.
| Senior Relationship Manager | Senior Manager | |
| Yearly salary | $112,626 | $118,906 |
| Hourly rate | $54.15 | $57.17 |
| Growth rate | 17% | 6% |
| Number of jobs | 55,259 | 372,801 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| 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.
A senior manager is responsible for directing the overall efficiency of business operations. Senior managers monitor the performance of the staff, improve operational strategies, identify business opportunities, allocate budgets and resources, present reports to senior management, set goals to drive results on increasing the company's revenues and profitability. Senior managers must coordinate with various operations departments to maintain good feedback for the company, meeting client's expectations, and delivering the best results. They should have excellent communication and leadership skills to handle team members, as well as managing their needs and concerns.
Senior relationship managers and senior managers have different pay scales, as shown below.
| Senior Relationship Manager | Senior Manager | |
| Average salary | $112,626 | $118,906 |
| Salary range | Between $78,000 And $161,000 | Between $86,000 And $163,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Bloomberg | Cornerstone Research |
| Best paying industry | Finance | Professional |
There are a few differences between a senior relationship manager and a senior manager in terms of educational background:
| Senior Relationship Manager | Senior Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior relationship managers' and senior managers' demographics:
| Senior Relationship Manager | Senior Manager | |
| Average age | 46 | 44 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 67.5% Female, 32.5% |
| 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, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 67.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |