The average salary for a Relationship Manager is $63,348.
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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 wh…Read more
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.
Job Satisfaction for Relationship Manager
Popular Employer Salaries for Relationship Manager
The top respondents for the job title Relationship Manager are from the companies Bank of America Corp. (BOFA), Bank of America Corporation and Fidelity Investments. Reported salaries are highest at Wells Fargo & Co. where the average pay is $97,392. Other companies that offer high salaries for this role include U.S. Bank and J.P. Morgan Chase & Co. (JPMCC), earning around $83,070 and $75,923, respectively. Bank of America Corp. (BOFA) pays the lowest at around $46,424. Bank of America Corporation and Fidelity Investments also pay on the lower end of the scale, paying $48,134 and $56,308, respectively.
Relationship Manager Job Listings
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Popular Skills for Relationship Manager
Skills in Account Management are correlated to pay that is above average. Skills that pay less than market rate include Client Interaction, Sales, Customer Relations and Customer Relationship Management (CRM).
Pay by Experience Level for Relationship Manager
An entry-level Relationship Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $48,131 based on 115 salaries. An early career Relationship Manager with 1-4 years of experience earns an average total compensation of $53,516 based on 934 salaries. A mid-career Relationship Manager with 5-9 years of experience earns an average total compensation of $66,238 based on 738 salaries. An experienced Relationship Manager with 10-19 years of experience earns an average total compensation of $79,111 based on 668 salaries. In their late career (20 years and higher), employees earn an average total compensation of $92,892.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Relationship Manager in their job title in San Francisco, California earn an average of 31.7% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (31.6% more) and New York, New York (28.7% more). The lowest salaries can be found in Houston, Texas (6.4% less).
Years of Experience
This data is based on 2,729 survey responses.
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