Business Banking Relationship Manager Salary
The average salary for a Business Banking Relationship Manager is $80,194 per year. A skill in Financial Analysis is associated with high pay for this job.
|Salary||$50,282 - $120,960|
|Bonus||$4,055 - $32,081|
|Commission||$6,000 - $40,000|
|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).)
|$51,438 - $146,764|
Job Description for Business Banking Relationship Manager
Business banking relationship managers are responsible for facilitating and creating strong banking business relationships with clients on behalf of their company. They are in charge of managing customer expectations and maintaining a great rapport with banking clients.Read More...
These managers are organized and pay close attention to detail. They possess strong interpersonal skills to solve issues and communicate with a variety of banking professionals, clients, and vendors. They use a personal computer to send emails, record their interactions, and modify spreadsheets. One of their main responsibilities is setting up ongoing communication with customers to tailor specific objectives and strategies, using banking processes to facilitate their goals. These managers analyze clients' financial outlooks to recommend products or services that can increase their net worth and facilitate their businesses. They have strong leadership skills to motivate banking professionals and solve any interpersonal issue as soon as it happens. They report usually their progress to the banking relationship liaison in their organization. They work in an office setting with a regular 9-5 weekday schedule. These managers are proficient with banking regulations and can fill out complex paperwork on behalf of their clients. Business banking relationship managers are independent performers, but they can also work in groups to reach all organizational goals. Another one of their main duties is performing financial analysis in the credit and cash departments. They have excellent customer service skills to increase brand loyalty and customer satisfaction. They write specific reports based on their observations to present during executive meetings.
A bachelor's degree in economics, finance, banking management, or a related field is required for this position. In addition, previous years of experience in a relationship manager capacity can be helpful. Banking certifications are a plus. (Copyright 2017 PayScale.com)
Business Banking Relationship Manager Tasks
- Identify potential bank clients and develop proposals detailing how the bank can benefit them.
- Analyze client's cash, capital, and investment needs.
- Establish relationships with a bank's business clients.
- Monitor the performance of client accounts and suggest ways to improve returns.
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Pay by Experience Level for Business Banking Relationship Manager
Pay by Experience for a Business Banking Relationship Manager has a positive trend. An entry-level Business Banking Relationship Manager with less than 5 years of experience can expect to earn an average total compensation of $64,000 based on 33 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Banking 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 $92,000 based on 44 salaries. An experienced Business Banking Relationship Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $109,000 based on 43 salaries. A Business Banking 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 $110,000 based on 15 salaries.
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