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Account and product manager hiring summary. Here are some key points about hiring account and product managers in the United States:
Here's a step-by-step account and product manager hiring guide:
Account and Product Managers are responsible for managing key account relationships, developing new business opportunities, and overseeing product planning and marketing. Their duties include establishing product strategy, producing market requirements document (MRD) and product requirements document (PRD), evaulating enterprise partnerships, and undertaking product demos. They are also involved in contract negotiation, increasing sales pipeline, acting as the point of contact to key accounts, and tracking key performance metrics. Account and product managers also set product pricing, produce revenue forecasts, and prepare an overall budget. They assist in sales staff training and help create sales tools.
Before you post your account and product manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find an account and product manager for hire on a part-time basis or as a contractor.
Hiring the perfect account and product manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents account and product manager salaries for various positions.
| Type of Account And Product Manager | Description | Hourly rate |
|---|---|---|
| Account And Product Manager | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $29-63 |
| Sales Representative And Account Manager | A sales representative/account manager is responsible for supervising client portfolio accounts and maintaining long-lasting relationships with business partners. Sales representatives/account managers meet with existing and potential clients to discuss new services offered by the company, as well as addressing their requests for review... Show more | $19-50 |
| Inside Sales Account Manager | An inside sales account manager oversees the operations and workforce performance within an inside sales team, ensuring efficiency and profit growth. Their duties revolve around monitoring sales progress, devising new strategies to identify new business and marketing opportunities, maintaining records of all transactions, identifying inconsistencies and errors, performing corrective measures, producing sales forecasts, and supervising accounts... Show more | $19-43 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $114,362 | $55 |
| 2 | New York | $111,634 | $54 |
| 3 | Washington | $105,211 | $51 |
| 4 | Ohio | $102,801 | $49 |
| 5 | Pennsylvania | $100,841 | $48 |
| 6 | New Jersey | $98,856 | $48 |
| 7 | Nevada | $95,521 | $46 |
| 8 | Massachusetts | $93,860 | $45 |
| 9 | Connecticut | $93,803 | $45 |
| 10 | Delaware | $93,161 | $45 |
| 11 | Maryland | $90,630 | $44 |
| 12 | Illinois | $89,716 | $43 |
| 13 | North Carolina | $89,218 | $43 |
| 14 | South Carolina | $88,284 | $42 |
| 15 | Georgia | $87,536 | $42 |
| 16 | West Virginia | $86,760 | $42 |
| 17 | Texas | $86,037 | $41 |
| 18 | Florida | $85,636 | $41 |
| 19 | Arizona | $81,504 | $39 |
| 20 | New Hampshire | $80,092 | $39 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $147,620 | $70.97 | 938 |
| 2 | $140,460 | $67.53 | 284 | |
| 3 | Quidel | $139,985 | $67.30 | |
| 4 | Sprinklr | $127,440 | $61.27 | |
| 5 | BMC Software | $116,707 | $56.11 | |
| 6 | Amazon | $114,577 | $55.09 | 877 |
| 7 | Enerpac Tool Group | $109,669 | $52.73 | |
| 8 | Visa | $107,569 | $51.72 | 128 |
| 9 | Kforce | $98,163 | $47.19 | 32 |
| 10 | Canon | $94,830 | $45.59 | 143 |
| 11 | Energy Transfer | $92,766 | $44.60 | 1 |
| 12 | FactSet | $92,475 | $44.46 | 5 |
| 13 | Oracle | $90,139 | $43.34 | 3,304 |
| 14 | Johnson Controls | $89,911 | $43.23 | 171 |
| 15 | Westlake Chemical | $89,761 | $43.15 | 5 |
| 16 | U.S. Bank | $87,207 | $41.93 | 91 |
| 17 | Freelance Computer Services | $86,882 | $41.77 | |
| 18 | Inmar | $86,820 | $41.74 | 5 |
| 19 | East West Manufacturing | $86,677 | $41.67 | 2 |
| 20 | CarringtonRES | $86,612 | $41.64 | 172 |
A good account and product manager job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an account and product manager job description:
To find the right account and product manager for your business, consider trying out a few different recruiting strategies:
To successfully recruit account and product managers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the account and product manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire account and product managers, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire account and product managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $89,942 per year for an account and product manager, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for account and product managers in the US typically range between $29 and $63 an hour.