OVERVIEW
What Is a Client Success Manager?
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A client success manager (CSM), sometimes referred to as a 鈥渃ustomer success manager,鈥� acts as a bridge between the business and the client. They focus on customer retention and building long-term relationships. Once a business acquires a new client, it is the responsibility of a client success manager to monitor the client鈥檚 happiness and proactively find solutions to concerns before they become complaints. Client success managers utilize a strong sense of customer awareness, problem-solving, mediation, and communication to help businesses reach their goals.听
In the tech industry, the revenue of software as a service (SaaS) products, like Dropbox or Salesforce, is just one example of how important client retention can be. Currently,听听of SaaS revenue comes from renewals and upsells of existing clients. These satisfied clients renew and enhance their relationships with a product or service as a result of the dedicated work of client managers.听
RESPONSIBILITIES
What Does a Client Success Manager Do?
The day-to-day duties of a client success manager can range from nurturing client relationships to collaborating with team members. A typical workday may include:听
- Bridging the gap between sales and customer support:听Once a business gains a new client, it鈥檚 the responsibility of the CSM to set up and support that client鈥檚 experience. A large majority of a client success manager鈥檚 time is spent educating and onboarding clients.
- Ensuring customers get fast time-to-value:听A key factor in client management is securing a 鈥渨in鈥� for the client. For example, if a client purchases an invoice management subscription to help them better organize their business expenses, a client success manager will work to ensure the client achieves a more organized invoice system within the first 30 days after purchase to reinforce the value added for the client.听
- Keeping clients engaged and regularly using products:听Client success managers regularly check in with their clients to keep engagement high. Some clients can lose interest quickly, and a vital part of the CSM and client relationship is keeping the product or service a top priority for the client.听
- Building customer loyalty and reducing churn:听Understanding a customer鈥檚 needs and fostering relationships helps to build trust and loyalty to a business鈥檚 product or service. Cross-selling and upselling products or services to meet those needs is an important aspect of retaining client loyalty and reducing turnover.听
- Keeping a "high-level view" of the entire support process:听It鈥檚 important for CSMs to gain insight from looking at the client experience process as a whole. With this perspective, they can troubleshoot concerns before they become issues and perceive areas of growth in the client-business relationship.听
- Advocating for customers to the business:听Once a client success manager has a strong relationship with the client, they are able to predict what their needs are and how best to meet them. For instance, a CSM might notice that a handful of clients would benefit from an update or additional service and relay that knowledge to product managers.听
- Resolving customer issues:听As they develop a relationship with the client, CSMs are often the ones to hear about and mediate concerns. It鈥檚 important that they are proactive in solving these issues to keep the client relationship healthy and thriving.听
- Fostering a customer-centered team environment:听Client success managers act as representatives for the client and their needs. By doing this, they keep the customer as the center of conversations amongst the sales team, development team, support team, and so on.
EDUCATION & BEST DEGREES
How Do I Become a Client Success Manager?
The first step to becoming a client success manager is to earn a bachelor鈥檚 degree in听business听or听marketing. Either of these programs of study will provide you with knowledge and skills in business communication, project management, marketing, and strategic planning鈥攁ll of which are important for a career as a client success manager. Next, gaining experience in customer service through internships and working your way up the ranks will develop your knowledge, skills, and hiring potential. If you鈥檙e interested in advancing further, then earning an听MBA,m aster鈥檚 in听management听(MIM) or a听master's degree in marketing听degree can increase your expertise and earning potential. Additionally, frequently pursuing professional development opportunities allows you to specialize and show your commitment as a constant learner of the latest trends and changes in management.
Best Degrees for a Client Success Manager
Business
Business Management 鈥� B.S. Business Administration
Hone your business acumen and garner added respect:...
Hone your business acumen and garner added respect:
- Time: 61%听of graduates finish within 19 months
- Tuition:听$3,755 per 6-month term
- Courses: 40 total courses in this program
Skills for your r茅sum茅 this program will teach you include:听
- Business communication
- Product development
- Decision making models
- Project management strategies
- Budgeting for business
This online degree program is an excellent choice for kick-starting your organizational management career.
Business
Marketing 鈥� M.S.
Two online marketing master's degree options with a focus on either...
Two online marketing master's degree options with a focus on either digital marketing or marketing analytics.
- Time:听61%听of graduates finish 黑料传送门 master's programs in 18 months
- Tuition:听$4,755 per 6-month term
- Courses:听10 total courses in this program
- Specialization:听Students choose from two specializations to focus their marketing studies on digital marketing or marketing analytics
Skills for your r茅sum茅 that you will learn in this program:
- Management
- Strategic Planning
- Digital Marketing Analytics
- Presentations
- Market Research
- Communications
A marketing master's degree will help you prepare for a wide range of exciting marketing careers.
Business
Management and Leadership 鈥� M.S.
An online master's degree focused on change management, innovation, and...
An online master's degree focused on change management, innovation, and leading teams:
- Time: 60%听of graduates can finish in 17 months.
- Tuition:听$4,755 per 6-month term.
- Courses: 10 total courses in this program
Skills for your r茅sum茅 that this program will teach you:
- Leadership
- Management
- Coordinating
- Communications
- Performance Management听
- Planning
Develop a comprehensive suite of leadership skills and your confidence to navigate changing business structures.
Business
Master of Business Administration
The flexible MBA program you need, focused on business management,...
The flexible MBA program you need, focused on business management, strategy, and leading teams:
- Time:听Graduates can finish in 12 months
- Tuition:听$4,755 per 6-month term
- Courses: 11 total courses in this program
Skills for your r茅sum茅 you will learn in this program include:听
- Leadership strategies
- Talent management
- Communication
- Data collection and interpretation
- Financial statements
Our competency-based model gives you an innovative learning experience you won't find anywhere else鈥攁nd our MBA grads tell us they loved accelerating their program to see a faster ROI.
Business
Marketing 鈥� B.S.
For those who want to lead brands and steer consumer markets:...
For those who want to lead brands and steer consumer markets:
- Time: 60%听of graduates finish within 19 months.
- Tuition:听$3,755 per 6-month term.
- Courses: 37 total courses in this program.
Skills for your r茅sum茅 you will learn in this program include:听
- Communication
- Marketing
- Sales
- Management
- Project Management
- Product Management
Marketing is a creative and exciting field鈥攁nd one where an undergraduate degree will open better opportunities.
Business
Leadership Certificate 鈥� School of Business
Enhance your r茅sum茅 and take a step in your educational journey with the...
Enhance your r茅sum茅 and take a step in your educational journey with the help of a leadership certificate from the School of Business.
- Time: 4听months from start to finish.
- Cost:听$2,250 for the certificate.
- Courses: 3 courses total in this program.
This program is for emerging leaders, however this program does not require a bachelor鈥檚 degree, and provides transferable credit towards a 黑料传送门 degree program.
Whether you aspire to work for a Fortune 500 organization, a government agency, a non-profit organization, or a fast-paced start-up, this certificate can give you the keys to success in a variety of industries, including:
- Finance and Banking
- Healthcare
- Manufacturing
- IT
- Consulting
- Nonprofit
- Government
How Much Does a Client Success Manager Make?
$73,044
According to PayScale, the median annual salary for a client success manager is听听with the lowest 10% earning $50,000 and the highest 10% earning $113,000. Salary is largely dependent on one鈥檚 industry and years of experience, with a mid-career CSM (who has five to nine years of experience) earning on average $20,000 more per year than an entry-level CSM.
What Is the Projected Job Growth?
5%
According to the Bureau of Labor Statistics, the field of client management is projected to increase by听听from 2021 to 2031, with 41,900 new jobs expected during that time frame.
SKILLS
What Skills Does a Client Success Manager Need?
A client success manager needs a variety of professional and interpersonal skills, most importantly:
- Customer awareness
- Product knowledge
- Data integration
- Cross-selling and upselling
- Creative problem-solving听
- Active listening
- Strong digital and in-person communication skills
- Time management听
- Strategic planning
- Adaptability听
- Empathy and patience
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No need to wait for spring or fall semester. It's back-to-school time at 黑料传送门 year-round. Get started by talking to an Enrollment Counselor today, and you'll be on your way to realizing your dream of a bachelor's or master's degree鈥攕ooner than you might think!
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