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Account executive hiring summary. Here are some key points about hiring account executives in the United States:
Here's a step-by-step account executive hiring guide:
An account executive is responsible for supporting existing clients, closing client deals, and developing sales strategies to increase the company's sales and satisfaction. An account executive must be competitive enough to keep up with the constant changes in the sales industry, including the high demands of digital marketing, a different approach to product advertising, effective negotiation, and presentation skills. An account executive also requires excellent communication skills for the successful acquisition of client accounts and immediately resolve possible complaints as they arise.
The account executive hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
Hiring the perfect account executive 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.
Here's a comparison of account executive salaries for various roles:
| Type of Account Executive | Description | Hourly rate |
|---|---|---|
| Account Executive | Account Executives are responsible for looking after the company's client as well as keeping the company-client relationships at a high standard. Their goal is to increase the amount of business a company does with those clients. | $21-52 |
| Marketing/Sales Representative | The job of marketing/sales representatives is to pitch a company's products and services to potential customers. They work to drive brand awareness through face-to-face consumer interaction... Show more | $20-44 |
| Territory Sales Representative | A territory sales representative is responsible for selling goods and services, assisting customers with their inquiries and concerns, and monitoring the assigned area's sales reports. Territory sales representatives coordinate with the rest of the sales team to develop effective marketing strategies and promotional techniques to increase revenues and profitability... Show more | $7-37 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Oregon | $86,549 | $42 |
| 2 | California | $82,643 | $40 |
| 3 | Washington | $79,091 | $38 |
| 4 | Rhode Island | $76,941 | $37 |
| 5 | District of Columbia | $74,998 | $36 |
| 6 | Connecticut | $74,956 | $36 |
| 7 | Nevada | $74,135 | $36 |
| 8 | Michigan | $73,531 | $35 |
| 9 | New York | $72,869 | $35 |
| 10 | Illinois | $72,786 | $35 |
| 11 | Maryland | $72,783 | $35 |
| 12 | Kansas | $72,532 | $35 |
| 13 | Utah | $71,994 | $35 |
| 14 | Minnesota | $71,719 | $34 |
| 15 | Maine | $71,545 | $34 |
| 16 | Wisconsin | $71,451 | $34 |
| 17 | Massachusetts | $71,048 | $34 |
| 18 | Missouri | $70,650 | $34 |
| 19 | Indiana | $69,703 | $34 |
| 20 | Virginia | $69,589 | $33 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Hitachi Vantara | $141,895 | $68.22 | 10 |
| 2 | Databricks | $141,107 | $67.84 | 24 |
| 3 | $139,637 | $67.13 | 81 | |
| 4 | IBM | $134,367 | $64.60 | 54 |
| 5 | Microsoft | $128,688 | $61.87 | 51 |
| 6 | Dynatrace | $127,961 | $61.52 | 14 |
| 7 | STMicroelectronics | $127,558 | $61.33 | |
| 8 | VMware | $127,116 | $61.11 | |
| 9 | Tableau | $126,258 | $60.70 | |
| 10 | PayPal | $125,530 | $60.35 | 17 |
| 11 | Cadence Design Systems | $125,273 | $60.23 | 8 |
| 12 | Intel | $124,920 | $60.06 | 1 |
| 13 | SAP | $124,728 | $59.97 | 145 |
| 14 | Workday | $118,722 | $57.08 | 18 |
| 15 | Daysmart | $118,570 | $57.00 | |
| 16 | Apple | $118,320 | $56.88 | 24 |
| 17 | Cloudflare | $118,252 | $56.85 | 38 |
| 18 | Yahoo | $117,637 | $56.56 | |
| 19 | Dell | $117,574 | $56.53 | 13 |
| 20 | TripActions | $116,980 | $56.24 |
An account executive job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an account executive job description:
To find account executives for your business, try out a few different recruiting strategies:
Your first interview with account executive candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the account executive position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
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.
Recruiting account executives involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $69,618 per year for an account executive, 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 executives in the US typically range between $21 and $52 an hour.