£35,051
Avg. Salary

Average additional compensation for this job:

Bonus

£4,121

Profit Sharing

£2,035

Commission

£16,500

A Relationship Manager earns an average salary of £35,315 per year. People in this job generally don't have more than 20 years' experience. Skills that are associated with high pay for this job are Project Management and Financial Analysis.

£23,249 - £58,133
£23K
£35K
£58K
MEDIAN: £35,051
10%
50%
90%
£0£65K
Salary £23,249 - £58,133
Bonus £1,192 - £12,254
Profit Sharing £2,035
Commission £16,500
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).
)
£23,796 - £65,117
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 4 Aug 2018
  • Individuals Reporting: 389

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.

Relationship Manager Pay By Employer

$0$155K

$45,805

$59,617

$68,712

U.S. Bank
29 profiles
$81,422

$74,453

$43,587

$101,454

Wells Fargo Bank
15 profiles
$98,658

Citibank
14 profiles
$92,432

Chase Bank
12 profiles
$60,500

Relationship Manager Job Listings

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 ₤32,000 based on 94 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 ₤41,000 based on 68 salaries. An experienced Relationship Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤43,000 based on 52 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 ₤48,000 based on 17 salaries.

Pay Difference by Location

National Average: £37,029

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

Related Job Salaries

Key Stats for Relationship Manager

Gender

Female
47 %
Male
53 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.
Less than 1 year
3%
1-4 years
36%
5-9 years
31%
10-19 years
22%
20 years or more
8%

Experience Affects Relationship Manager Salaries

Late-Career
▲30%

▲17%

▲10%

National Average
₤37,000

▼13%

Skills That Affect Relationship Manager Salaries

Project Management
▲47%

Financial Analysis
▲41%

▲2%

National Average
₤37,000


Business Analysis
▼5%

Account Management
▼16%

Banking
▼40%

Job Satisfaction

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

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
3%
1-4 years
36%
5-9 years
31%
10-19 years
22%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 60%
dental benefits
Dental: 23%
vision benefits
Vision: 25%
no benefits
None: 34%