$71,370
Avg. Salary
$21.23
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$11,881

Profit Sharing

$6,500

Commission

$9,930

The average pay for a Relationship Manager with Business Development skills is $21.23 per hour.

The average pay for a Relationship Manager with Business Development skills is $71,370 per year.

$15
10%
$21
50%
$26
90%
MEDIAN $21
$44k
10%
$71k
50%
$124k
90%
MEDIAN $71,370
$43,666 - $123,879
$44K
$71K
$120K
MEDIAN: $71,370
10%
50%
90%

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$15.36 - $26.06
$15
$21
$26
MEDIAN: $21.23
10%
50%
90%

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$0$140K
Salary $43,666 - $123,879
Bonus $3,058 - $41,101
Profit Sharing $1,163 - $15,547
Commission $1,115 - $48,722
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).
)
$44,070 - $140,968
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2018
  • Individuals Reporting: 626
Hourly Data $0$51
Hourly Rate $15.36 - $26.06
Overtime $24.24 - $51.03
Annual Data $0$140K
Bonus $3,058 - $41,101
Commission $1,115 - $48,722
Profit Sharing $1,163 - $15,547
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).
)
$44,070 - $140,968
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2018
  • Individuals Reporting: 39

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

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 $61,000 based on 156 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 $76,000 based on 131 salaries. An experienced Relationship Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $90,000 based on 147 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 $112,000 based on 33 salaries.

Pay Difference by Location

National Average: $76,817

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 Salt Lake City:
"Satisfying but not fairly paid."
Pros: Helping clients and positively impacting their business.
Cons: Management not understanding internally how much effort this position requires. Thus pay is much lower than what it should be.

Relationship Manager in Kansas City:
Pros: Working with the clients and helping them update their current services and selling them new services to help them improve their processes.
Cons:

Relationship Manager in Houston:
"Be in touch with the clients in the assigned portfolio."
Learn the aspects of the role and the various team members that you must work with to facilitate client requests.

Relationship Manager in Jacksonville:
"Pay Gap."
I wish I knew my Company's promotion practices.

Relationship Manager in Seattle:
"What I wish I knew."
Unorganized, out of scope of job description duties, not fully utilizing potential.

Relationship Manager in San Diego:
"Excellent Culture And Brand."
Pros: I like the freedom and trust that management gives employees, especially compared to other financial companies.
Cons: Seems like the salaries are a little lower than most in the industry.

Relationship Manager in Dayton:
"High Stress, Long Hours, Big Egos."
Pros: The Responsibilities I am entrusted with.
Cons: My lack of ability to manage my own schedule or workload.

Key Stats for Relationship Manager

Gender

Female
43 %
Male
57 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 135 votes.
Less than 1 year
2%
1-4 years
29%
5-9 years
25%
10-19 years
33%
20 years or more
12%

Experience Affects Relationship Manager Salaries

Late-Career
▲46%

▲17%

National Average
$77,000

▼1%

Entry-Level
▼21%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 135 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
2%
1-4 years
29%
5-9 years
25%
10-19 years
33%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 80%
vision benefits
Vision: 74%
no benefits
None: 11%