Rs 381,083
Avg. Salary

Average additional compensation for this job:

Bonus

Rs 59,883

Profit Sharing

Rs 48,317

Commission

Rs 97,901

The average salary for a Relationship Manager is Rs 383,006 per year. The highest paying skills associated with this job are Portfolio Management, Banking, Financial Analysis, Investment Management, and Oral / Verbal Communication. Most people with this job move on to other positions after 10 years in this field.

Rs 196,038 - Rs 826,403
Rs 200K
Rs 380K
Rs 830K
MEDIAN: Rs 381,083
10%
50%
90%
Rs 0Rs 907K
Salary Rs 196,038 - Rs 826,403
Bonus Rs 9,983 - Rs 203,978
Profit Sharing Rs 5,022 - Rs 203,728
Commission Rs 12,822 - Rs 403,137
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
Rs 200,498 - Rs 907,012
  • Country: India
  • Currency: INR
  • Updated: 8 Sep 2018
  • Individuals Reporting: 2,793

Job Description for Relationship Manager

Relationship managers, in essence, are members of a company who are assigned to communicating with certain entities outside or inside of the company. There are several types of relationship managers, which mainly differ in terms of who they deal with: Relationship managers can communicate with other businesses, clients, customers, vendors, communities, etc. Relationship managers' main job duty is to make sure that adequate communication is maintained with these entities. Relationship managers who deal with clients and customers can explain what the company does, what ethics the company is bound by, and why the client should choose this company over any competitors. Relationship managers will typically work within a company in customer service or often as part of a sales department. They are able to explain customers' and clients' needs and what steps should be taken in order to fulfill those needs, as well as any legal boundaries that exist between the company and outside entities such as contractual obligations and legal restrictions. As such, relationship managers are tasked with keeping up with communications involving the company and its clients, vendors, etc. as a whole, or can focus on one or several specific clients or vendors. Ultimately, they work to ensure that client relationships are as fluid and harmonious as possible while adhering to their company's guidelines and standards. (Copyright 2018 PayScale.com)


Relationship Manager Tasks

  • Cultivate new clients through referrals and calling efforts to achieve individual and team revenue goals.
  • Develop effective ways to promote brand awareness that lead to measurable business results.
  • Ensure continuity of high quality service, product delivery, and responsiveness to client needs.

Popular Employer Salaries for Relationship Manager

Common Career Paths for Relationship Manager


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Relationship Manager Job Listings

Popular Skills for Relationship Manager

Pay by Experience Level for Relationship Manager

Pay by Experience for a Relationship Manager has a positive trend. An entry-level Relationship Manager with less than 5 years of experience can expect to earn an average total compensation of Rs 349,000 based on 913 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Relationship Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 569,000 based on 408 salaries. An experienced Relationship Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 669,000 based on 112 salaries. A Relationship Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 720,000 based on 7 salaries.

Pay Difference by Location

National Average: Rs 403,096

Larger city markers indicate a job is popular in that location.

Relationship Manager Reviews

Q: What is it like working as a Relationship Manager?

Relationship Manager in Ahmedabad:
Pros: Interecting with value added clients, our platinum customers.
Cons:

Relationship Manager in Coimbatore:
"Handling Clients."
Pros: Meeting new people.
Cons: Travelling.

Relationship Manager in Mumbai:
"Skillful Scale Speed."
Pros: It's a learning environment, most of the projects are launched with the feedforward by employees.
Cons: Need to create a platform to share ideas for company to grow, about product feedback etc.

Relationship Manager in Ankleshwar:
"Growing industry."
Pros: Channel management and recruitment of agent.
Cons: Third party payout and onroll problem.

Relationship Manager in Hyderabad:
"Not so great."
Pros: Get to learn basic banking comcepts.
Cons: Employee disrespect and too much borrower lineincy.

Relationship Manager in Mumbai:
"My Experience As A Relationship Manager."
Pros: I like the fact that I get to understand how people invest. I learn and teach at the same time.
Cons: There is pressure to meet targets and that leads to unnecessary stress and mis-selling, neither of which is desirable.

Relationship Manager in Mumbai:
Pros: Near to home.
Cons: Low salary. High saLES pressure. Over load. Slow growth.

Related Job Salaries

Key Stats for Relationship Manager

Gender

Female
17 %
Male
83 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.
Less than 1 year
14%
1-4 years
51%
5-9 years
27%
10-19 years
8%
20 years or more
0%

Experience Affects Relationship Manager Salaries

Late-Career
▲79%

▲66%

▲41%

National Average
Rs 403,000

▼13%

Skills That Affect Relationship Manager Salaries

Portfolio Management
▲105%

▲43%


Investment Management
▲36%


Sales Management
▲7%


▲2%

▲1%

Customer Relations
▼0%

National Average
Rs 403,000

Channel Sales
▼1%


Customer Service
▼28%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

Less than 1 year
14%
1-4 years
51%
5-9 years
27%
10-19 years
8%
20 years or more
0%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 5%
vision benefits
Vision: 4%
no benefits
None: 26%