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.
|Range||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|
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.
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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.
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