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Account development manager hiring summary. Here are some key points about hiring account development managers in the United States:
Here's a step-by-step account development manager hiring guide:
An account development manager's responsibilities revolve around securing and reaching sales targets, creating business plans, developing strategies, and building positive relationships with clients. They must also reach out to clients through calls and correspondence, offer products and services, and address any issues and concerns, resolving them promptly and efficiently. There are also instances when they have to collect and process payments, perform follow-up calls, negotiate contracts, and even open and close accounts. Furthermore, as a manager, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.
First, determine the employments status of the account development manager you need to hire. Certain account development manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
You should also consider the ideal background you'd like them an account development manager to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an account development manager that fits the bill.
This list presents account development manager salaries for various positions.
| Type of Account Development Manager | Description | Hourly rate |
|---|---|---|
| Account Development Manager | Sales managers direct organizations' sales teams. They set sales goals, analyze data, and develop training programs for organizations’ sales representatives. | $20-57 |
| 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 |
| Commercial Account Manager | A commercial account manager's role is to offer products and services to businesses and firms, building positive relationships to establish a strong client base. Their responsibilities often revolve around performing research and market analysis to find sales opportunities, devising strategies to identify client needs, and maintaining records of all data and transactions... Show more | $19-40 |
Including a salary range in the account development manager job description is a good way to get more applicants. An account development manager salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for an account development manager in Alabama may be lower than in New York, and an entry-level engineer typically earns less than a senior-level account development manager. Additionally, an account development manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $97,147 | $47 |
| 2 | New York | $95,906 | $46 |
| 3 | District of Columbia | $89,069 | $43 |
| 4 | Connecticut | $88,056 | $42 |
| 5 | Massachusetts | $87,042 | $42 |
| 6 | Virginia | $82,670 | $40 |
| 7 | Washington | $82,552 | $40 |
| 8 | Illinois | $82,287 | $40 |
| 9 | Nevada | $77,877 | $37 |
| 10 | Minnesota | $73,086 | $35 |
| 11 | Maryland | $72,638 | $35 |
| 12 | Tennessee | $66,546 | $32 |
| 13 | Ohio | $65,644 | $32 |
| 14 | North Carolina | $65,078 | $31 |
| 15 | Nebraska | $63,833 | $31 |
| 16 | Texas | $63,727 | $31 |
| 17 | Colorado | $63,398 | $30 |
| 18 | Florida | $62,193 | $30 |
| 19 | Arizona | $61,750 | $30 |
| 20 | Utah | $59,578 | $29 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | NVIDIA | $192,983 | $92.78 | 31 |
| 2 | NRC Health | $186,180 | $89.51 | 2 |
| 3 | Infineon Technologies | $146,731 | $70.54 | 2 |
| 4 | Microsoft | $141,830 | $68.19 | 65 |
| 5 | Cisco | $137,338 | $66.03 | 128 |
| 6 | Schlumberger | $135,414 | $65.10 | |
| 7 | Adobe | $130,936 | $62.95 | 45 |
| 8 | Siemens Healthineers | $117,784 | $56.63 | 18 |
| 9 | Meggitt PLC | $108,683 | $52.25 | |
| 10 | Mortenson | $106,227 | $51.07 | 8 |
| 11 | eClinicalWorks | $104,720 | $50.35 | 2 |
| 12 | AT&T | $102,510 | $49.28 | 317 |
| 13 | Siemens | $102,200 | $49.13 | 67 |
| 14 | OpenX | $98,270 | $47.25 | 7 |
| 15 | Praxair | $96,596 | $46.44 | |
| 16 | NEC Corporation of America | $96,444 | $46.37 | |
| 17 | Integration Innovation | $90,509 | $43.51 | |
| 18 | American Express | $87,760 | $42.19 | 59 |
| 19 | PPG | $82,925 | $39.87 | 16 |
| 20 | HireVue | $78,544 | $37.76 | 2 |
A good account development 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 development manager job description:
To find account development managers for your business, try out a few different recruiting strategies:
Recruiting account development managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
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 decided on a perfect account development manager candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
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.
After that, you can create an onboarding schedule for a new account development manager. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Before you start to hire account development 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 development managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Account development managers earn a median yearly salary is $72,375 a year in the US. However, if you're looking to find account development managers for hire on a contract or per-project basis, hourly rates typically range between $20 and $57.