Business Relationship Manager salary ranges widely. It is important to note that different companies offer different salaries for BRMs. If you are an experienced Business Relationship Manager and are interested in earning more, you may want to consider moving to a new company. Additionally, you can also increase your pay by earning a higher education or gaining experience as a manager.
The average business relationship manager salary varies depending on the city you live in. In Saint Helena, CA, you can expect to make $83,923 a year, which is about $9,809 higher than the national average. In fact, California is the 11th highest paying state for Business Relationship Managers.
According to the PayScale website, a Business Relationship Manager salary can range anywhere from PS46,267 to $125,000. The salary is higher if you have additional skills such as strategic planning, people management, IT management, or business analysis. If you have a bachelor’s degree or master’s degree in any of these fields, then you can expect to earn a higher salary.
Depending on your experience and location, you can earn anywhere from $72,420 to $184,289. However, you should note that these figures are averages and may vary greatly. You should also consider other important factors such as education, certifications, additional skills, and years of experience to determine the average salary for your position.
Most relationship managers have prior sales experience and are not entry-level positions. They typically started out as assistant relationship managers, account executives, or sales professionals. In addition to having sales experience, you should have excellent communication skills. It is also important to be comfortable in front of a crowd and presenting yourself in front of potential clients.