If you love working with people, there’s probably nothing better than being a Relationship Manager. And while this job is challenging and rewarding, it also has some of the best pay. Get more information on what it takes to be a relationship manager, including salary and qualifications.
The Relationship Manager is responsible for working with individual clients to solve day-to-day business problems, helping them achieve their goals and ensure that project requests are moving forward.
The job market can be competitive, especially in the big cities. Someone with the right skills, however, can land a decent job in just a few months. In this article we’ll show you how to prepare for and dominate your job search as a Relationship Manager.
Relationship managers in this role typically earn a salary between $43,692 and $61,946 per year. The more experienced she is, the higher her salary will be.
Salary For Relationship Manager Overview
As a relationship manager, you’ll be responsible for managing the day-to-day relationships between your company and your clients. You’ll also help your clients solve their problems and provide valuable advice to them on how they can improve their business.
A relationship manager is a type of employee in the banking industry that is responsible for managing relationships between clients, customers and other employees. They are often referred to as “relationship officers” or “relationship managers.” The salary for this position depends on the specific institution and its location.
The American Bankers Association (ABA) lists an average annual salary for a relationship manager at $101,590, which is $48 per hour. However, these numbers vary widely depending on location and experience level of the employee.
The National Credit Union Administration reports that credit union relationship managers earn an average annual salary of $83,000. While this number may seem low when compared to large banks like JPMorgan Chase or Bank of America, it is actually quite high when compared with other industries in the United States such as retail sales (which averaged $28,750 annually).
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $123,000 | $10,250 | $59 |
| 75th Percentile | $104,000 | $8,667 | $50 |
| Average | $86,206 | $7,184 | $41 |
| 25th Percentile | $71,000 | $5,917 | $34 |
| 10th Percentile | $60,000 | $5,000 | $29 |
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $123,000 | $10,250 | $59 |
| 75th Percentile | $104,000 | $8,667 | $50 |
| Average | $86,206 | $7,184 | $41 |
| 25th Percentile | $71,000 | $5,917 | $34 |
| 10th Percentile | $60,000 | $5,000 | $29 |
