How Much Do Account Managers Make

Growth Trends for Related Jobs

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Working on Relationships for Your Company

Not every relationship is a personal one, but all of them require energy to keep them strong. As a working mother, you are already engaged in developing relationships with your family members. If you decide to take those interpersonal skills into the workplace as an account manager, you will use the same type of energy to develop and manage relationships with specific customers for the business or organization you work for. The median salary in this field is between $50,000 and $100,000, depending on whom you ask.

Job Description

Account managers work for organizations or businesses and manage their relationships with specific customers. These managers develop a deep knowledge of the products and services their company offers and are prepared to pitch them to current and future clients. They also have to keep up to date on innovations and trends in their field. These managers often teach, train or mentor junior employees while following internal procedures and guidelines.

Account managers can work with consulting firms, service providers, or public relations or advertising agencies, liaising with clients. The exact job description varies widely depending on the field in which you work.

Education Requirements

While the requirements for an account manager differ from one company to another, for most, you must hold a bachelor’s degree. This might be a degree in business, communications, finance, marketing or economics. Your education should fit the kind of field or industry you want to work in. If you are interested in a career as an account manager at a tech company, for example, load up on classes in information technology and computer science.

However, this is always a position that requires direct contact with clients, so excellent communications skills are essential. Take classes to develop them as well as to assist you in making effective presentations. It’s also a good idea to obtain customer service experience before you apply for the job. You will need to demonstrate some level of computer proficiency. It is also helpful to be fluent in a second language.

According to PayScale, the median salary for account managers is $51,675. The Bureau of Labor Statistics doesn’t list data specific to account management. However, sales managers can earn a median annual salary of around $105,000, according to the BLS, and the job duties of an account manager are similar to those of an advertising or marketing manager. According to the Bureau of Labor Statistics, the median annual wage for advertising managers is $150,930, while that for marketing managers is $142,180. No statistics are immediately available showing the earnings of an account manager in relation to their education level.

Industries

Account managers work in many different industries, including IT, health care, manufacturing, sales, marketing and insurance.

Years of Experience

According to PayScale, the average salary of an account manager in this country is $59,000. Experience increases your salary. In an entry-level job, you may earn 10 percent less. After five to 10 years of experience, your salary may increase to 11 percent more than average, while after 10 years, you may earn 17 percent more.

Job Growth Trends

According to the U.S. Bureau of Labor Statistics, job growth for advertising, promotions and marketing managers is positive over the next decade. It is expected to grow 9 percent over this period, a little above the average for all occupations.