Relationship Manager Salary
In India Relationship Manager Salary differs considerably based on location and employer or based on some other factors. The aspirants selected for this profile, could work in either Retail or Wholesale Banking and is required to help and advice clients. So, according to the latest survey, we’re providing you the details about pay scale or starting salary for Relationship Manager Positions.
The range and extent of this designation would range from helping clients with their account details to giving advice on financial investments and you can fetch the entire information related to Relationship Manager Salary from below section of this page which is developed by team members of recruitmentresult.com.
Relationship Manager Salary
|Assets||National Salary Data|
|Salary||Rs 179,113 – Rs 850,621|
|Bonus||Rs 2,436 – Rs 195,675|
|Profit Sharing||Rs -21.63 – Rs 484,790|
|Commission||Rs 10,050 – Rs 346,451|
|Total Pay||Rs 182,688 – Rs 915,805|
The average compensate for a Relationship Manager is Rs 375,471 per year. The maximum paying skills linked with this job are Investment Management, Banking, and Channel Sales etc. Communities in this designation generally don’t have more than ten years of experience. Salary for this job increases progressively for more experienced workers, but goes down considerably for the few employees with more than twenty years of experience.
Pay scale according to Organizations for Relationship Manager:
|Organization Name||Pay Scale|
|ICICI Bank||Rs. 6,35,231|
|HDFC Bank||Rs. 5,54,524|
|Indusland Bank||Rs. 7,25,000|
|Kotak Mahindra||Rs. 6,80,000|
|HSBC Holdings||Rs. 5,06,250|
|Bajaj Allianz General Insurance Co||Rs. 2,98,750|
A Relationship Manager is projected to have sound financial knowledge as well as thorough information about his/her company’s a range of offerings in order to identify the need of the customer and suggestion him accordingly. They needs to have an considerate of banking policy, latest products and services, specific markets related to the clients he/she is handling. An applicant’s is working on this profile should have the following skills, please have a look:
- Excellent interpersonal skills, able to communicate with a wide range of people
- Strong customer service ethic
- Work well in a team setting
- Reliable and ethical, respecting customers’ confidentiality
- Strong negotiation skills
- Strong decision making skills and the ability to take the lead
- Ability to manage risk
- Proactive and highly self-motivated
- Flexibility as there might be lots of travel involved
- Confident selling and marketing products
- Comfortable approaching people
- Good numeracy skills
- Ability to explain complex information in simple terms
Retail Relationship Manager would principally deal with individual trade clientele and advice them on a variety of banking and financial products and services offered by the bank. A extensive Relationship Manager would be catering to the corporate clients like SME’s or large corporations. Occasionally a Relationship Manager may also be requisite to administer other bank workers who converse with his/her clients like loan officers etc.
As a relationship manager you will require to have continual training to keep up to date with new financial products and procedures. So dear visitors, you may need to follow us on Facebook or Google plus to get latest information on your timeline directly, thank you…!!
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