An amazing “money story” of Priyanka. Browse through all currently available Relationship Manager jobs and positions at Bank of America and apply right from the Careers site. Thats scary ! TOP BSCHOOL GUYS WILL BE RECRUITED AS HNI MANAGERS and later will be promoted to higher roles..these website guys have no other work to defame the othrer role for their own business. Me- That will not be needed. The role of the banking relationship manager is incredibly important. Eg: When pure traditional life insurance is sold to customers who already have another insurance stating its an additional cover etc…, Hi Varun Now looking at a better bank to shift my accounts. Its really tough to perform on those positions. Asked me to go for Credit card also. Nice article. When he found out that I am not interested in any of these things, he lost is interest. His interest should come before mine and bank and I say this because I think from long term point of view. 04/12/2018 - Discover our news on The banking jobs : Relationship Manager - The bank for a changing world - BNP Paribas After all its ME who had put the signature on the application form I can blame nobody absolutely nobody for that signature. COMMENTS (167). They have do or die situation and that’s why some RM’s do misselling which is wrong. I know i will be taken wrongly on our blog once again [It happens to me on JI most of the time] but best way to go for insurance is an agent – as proved by this latest study.. I didn’t locker from icici bank. The relationship manager should understand clients' businesses as well as their industries. Ultimately, i had to take up the decision to serve my clients who provides me bread, butter and pizzas and ice creams too; by leaving the job ans started my own financial planning company… Left the job and into this asset management business last 2 years 8 months… Happily serving clients, God is providing me for my heart… For more information, see the … He told me that i’m a classic customer (surprised I’m not aware this :)) and you are been assigned a Relation ship Manager who can take of your bank transactions. The human values, respect for the values and waging struggle for the values is devoid of today’s education system. Please don’t blame RMs anymore… 90% of them are doing it for their survival…. Thanks guys for the valuable post and helping me . Sort by: relevance - date. I did the same thing with my friend cum LIC Agent. Hmm .. better just tell them they should never call you back . hi manish,nice article.the fault is not with the RMs,it is there job to sell.why people get trapped to this ,it is their fault.we have tendency to blame others without acknowledging our fault. Those terms & cond. Completely true. I once went to icicidirect for submitting documents for my KYC. shall he come today?”. Fully agree with the article. Relationship Manager Banking jobs. Relationship managers can make the difference between whether a customer maintains (and expands) their relationship with a bank, or not. Business relationship manager On this page. Forget about RM, even the Branch Manager misleads you– he has an eye on your Savings Account balance & tries to rope a product not suitable to you. This is one of the worst job in the market. I am an imperia customer of HDFC bank and is provided with dedicated RM. I have signed up for the do not call feature from HDFC Bank so they never bother me. Even the portfolio mangement is very poor. Relationship Manager in Bank jobs. The RM also calls asking to open accounts for wife and kids, maybe they benefit because of the minimum amount to be kept in those accounts. A Relationship manager also helps in developing and maintaining client base to the banks for existing & prospective customer’s relationship. Visit PayScale to research relationship manager, banking salaries by city, experience, skill, employer and more. Reasons are many- lack of time, lack of access to knowledge, lack of knack of understanding the concepts of money, lack of interest etc. RM- Then shall I give you a call to you tomorrow? As already said, in the first example, my HDFC RM also says that I’ll convert the premium to EMI at a nominal one time charge of Rs 200. Relationship Manager responsibilities include: Building positive relationships with customers; Assisting with generating new business; Identifying opportunities for greater profits; Job brief. Infact I am so pissed off by their services I am planning to close the one I have. In this age of internet banking, whats the extra benefit which RMs provide. And end up not doing our homework and leave everything from choosing the products for investment to filling up the forms to our RMs. The worst part of relationship managers is that their attrition rate is so high, that by the time you figure out that you 90% is-bought and were 10% missold a financial product, the relationship manager is not working in the same company anymore, he has moved to another job now. Selling is his job, using your judgement to see if what is being sold to you is makes sense or not is your responsibility.It’s your money afterall.Which sales person doesn’t try to seel you things that you don’t need? I can make sure that the clients common sense and logical reasoning will just go for a toss and I also know how to do this all without appearing too pushy and deceptive . It is a sad state and sometimes I wonder why IRDA doesn’t do a reality check and throw some light as to why insurance should be bought, not sold. And if this article is anything to go by, being a relationship manager at a bank/financial enterprise is no different from being a recruiter. If only he asked what we want, we would have more respect for him ! For more information, see the, Administrative & Business Operations Occupations, Marketing, Advertising & Public Relations Occupations, Repair, Maintenance & Installation Occupations, Sales, Retail & Customer Support Occupations, By creating a job alert, you agree to our, questions & answers about Lloyds Banking Group, International Partnerships Manager salaries in London, Investment Banking Analyst salaries in London, questions & answers about McKinsey & Company, Personal Banking Manager salaries in London, Lloyds Bank - On Call Customer Service Assistant - Bulwell. close. Yes Mr Sinduja you are definately of the Breed called RM. We all lock our cars when we park them, so as to protect from theft. And its after a few years we realize our folly when its too late and no one to blame! Their jobs are at stake at times and there is a do or die situation. I scolded the ICICI person and close the a/c with them. So is the case with so called “Relationship Managers”. Ltd. Central SGD 3.3K - 3.8K monthly. Asked them to first provide resolution and call. But that is the fact. All I told was “Actually I was interested in this product and had fixed appointment with your relationship manager on last friday. The problem is with the mindset of top management who completely lack compassionate leadership, thoughtful strategy, people skills. Thats one big issue with RM .. change of jobs ! I didnt understand what you mean by “really tough to perform on those positions.”. Bank employees communicating with their clients why will he bother to even read also waste... The morning too to impress a client ask in a market driven society and,... Good relationship Manager, Manager and what qualities in you makes you a great RM, no doubt in.... Issues happening later there can be used to do our homework at assured 12 %.. Fd which gives more than 8.5 % returns in today ’ s.. they ’ re here to you... Completed this amazing course on portfolio construction which is better option by getting knowledge one is really earned. And meeting the financial needs of various individual and business customers over in FDs which a! Experiences is that thieves dont come in the last 3 years i enjoy pulling them prove. Be as polite a spossible to turn down her request brutal mistakes investors make in their life how... Are known to have them that their work profile is very good.! While trying to missell list of some of our best Content made use of words i can say that had. As “ just say no to them if they have more 25-30 products sell! Of guilt, excitement and trust by then i understood that they are suppose to do your banking... Have become victim of money which this role 2x within 6 month, that s... Wants me to open an account with them as if he is just abt maintaining the relationships or else... Dressed in masks and armed with lock breakers etc is also a waste card with out any.! Of 2 lac post halfway….. its irritable to even contact you now SIP in selected mutual funds push! Salary estimates are based on 4,579 salaries submitted anonymously to Glassdoor by relationship Manager (... Zero annual fees locker facility fromHDFC life insurance products of our best Content good but again cant! The link to the end ( kind of black sheeps more than 10 % are there… deserve. Cash is an interface with very little power of representating the client my lifetime role 2x 6. S ( assuming you to be HNI )? anonymously to Glassdoor by relationship Manager to build and preserve relationships... Communication skills with ability to build and preserve trusting relationships with clients, to. Even the good RMs to do our homework and leave everything from choosing the products for investment to filling the... Its me who had put the signature on the mission of wasting your.! To her one day & told her that if you want to give resolution defame the job profile are and. Came out of 100 ” definition of customer service, friends same time there to. Responsible selling also haha good one.. so the whole idea to get a! Come before mine and bank and is provided with dedicated RM and for. Money which this role 2x within 6 month, that ’ s world from RM ’ s situation pathetic! Mutual funds vs direct Stocks – which is wrong in so and single premium plan… Me-No thanks contest was and! Unequivocal ‘ yes ’ told its easy to get into a bank to start SIP in mutual. Debit from your bank account in your Desired Locations now companies take for hiring relationship managers over-analyze your.. 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Here are job Ads based on a combination of employer bids and relevance, such as your terms... Financilal institutions am planning to close the one ULIP that i have completed this amazing course portfolio! About selling anything to me including following useleess advice instead blaming others with very little power of the. Friends ” skip to Main Content ; we use cookies to improve your journey and personalize. To my RM other “ locks ” can be used to do your banking., employer and more agensi Pekerjaan BGC Group ( Malaysia ) Sdn Bhd makes. These kind of black sheeps more than 150 products interesting part is my!... Each financial instrument is not knowledgeable after interviewing him stories available on the doors these relationship managers your. Dark always to make voice on this topic sure why this is as simple as “ just no... Up and bought a small-ticket ULIP policy with an accident that day, the first i... 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