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Account manager hiring summary. Here are some key points about hiring account managers in the United States:
Here's a step-by-step account manager hiring guide:
Account managers are employees who act as the bridge between the company they represent and the client of the company. They are assigned to handle specific clients so that the company will be able to tailor-fit any product or service according to the clients' requirements. Account managers are responsible for maintaining a harmonious relationship between the two parties by ensuring that any agreement made is amenable to both the company and the client. They are also responsible for ensuring that the company will be able to provide the needs of the client within any limitation that the client may have. Account managers also ensure that the company's reputation and well-being are always considered in any dealings.
Before you post your account 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 manager for hire on a part-time basis or as a contractor.
Hiring the perfect account 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.
The following list breaks down different types of account managers and their corresponding salaries.
| Type of Account Manager | Description | Hourly rate |
|---|---|---|
| Account Manager | Sales managers direct organizations' sales teams. They set sales goals, analyze data, and develop training programs for organizations’ sales representatives. | $20-52 |
| 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 |
| Business Development Account Manager | A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions... Show more | $27-81 |
Including a salary range in the account manager job description is a good way to get more applicants. An account 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 manager in Florida may be lower than in Washington, and an entry-level engineer typically earns less than a senior-level account manager. Additionally, an account manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $87,739 | $42 |
| 2 | Washington | $84,793 | $41 |
| 3 | New Jersey | $81,900 | $39 |
| 4 | New York | $81,562 | $39 |
| 5 | Michigan | $79,398 | $38 |
| 6 | Massachusetts | $74,931 | $36 |
| 7 | Oregon | $74,654 | $36 |
| 8 | Connecticut | $73,757 | $35 |
| 9 | Virginia | $71,881 | $35 |
| 10 | Maine | $71,441 | $34 |
| 11 | District of Columbia | $70,905 | $34 |
| 12 | Illinois | $67,979 | $33 |
| 13 | Maryland | $67,541 | $32 |
| 14 | Indiana | $67,018 | $32 |
| 15 | Pennsylvania | $65,603 | $32 |
| 16 | Arizona | $62,798 | $30 |
| 17 | Nevada | $62,256 | $30 |
| 18 | North Carolina | $61,216 | $29 |
| 19 | Utah | $61,054 | $29 |
| 20 | Texas | $59,441 | $29 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | NVIDIA | $154,382 | $74.22 | 15 |
| 2 | Capgemini | $146,314 | $70.34 | 16 |
| 3 | VMware | $141,140 | $67.86 | |
| 4 | Thoratec Corporation | $134,284 | $64.56 | |
| 5 | Infogain | $134,282 | $64.56 | |
| 6 | Brillio | $134,206 | $64.52 | 2 |
| 7 | Infinite Computer Solutions | $134,085 | $64.46 | |
| 8 | Quinnox | $133,713 | $64.29 | |
| 9 | KPIT Technologies | $133,642 | $64.25 | |
| 10 | Infosys Public Service | $133,455 | $64.16 | 24 |
| 11 | Persistent Systems | $133,400 | $64.13 | |
| 12 | AgreeYa Solutions | $133,353 | $64.11 | 4 |
| 13 | Hexaware Technologies | $132,383 | $63.65 | |
| 14 | Tech Mahindra | $132,090 | $63.50 | |
| 15 | Birlasoft | $131,938 | $63.43 | |
| 16 | CitiusTech | $131,538 | $63.24 | |
| 17 | Renesas Electronics | $130,237 | $62.61 | 3 |
| 18 | UST Global | $130,141 | $62.57 | |
| 19 | $129,833 | $62.42 | 77 | |
| 20 | KLA | $129,596 | $62.31 | 7 |
An account manager 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. To help get you started, here's an example of an account manager job description:
To find the right account manager for your business, consider trying out a few different recruiting strategies:
Recruiting account 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 have selected a candidate for the account manager 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.
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 account manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Recruiting account managers 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.
The median annual salary for account managers is $68,535 in the US. However, the cost of account manager hiring can vary a lot depending on location. Additionally, hiring an account manager for contract work or on a per-project basis typically costs between $20 and $52 an hour.