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Business account manager hiring summary. Here are some key points about hiring business account managers in the United States:
Here's a step-by-step business account manager hiring guide:
Business Account Managers are experienced employees who manage client accounts. Companies usually employ them as distributors, retailers, manufacturers, or any other company with various business partnerships or dealings. They are in charge of managing the company's relationship with a specific client or group. They are the point of contact for these clients regarding requests or concerns related to company products or services. Business account managers ensure that the clients' concerns are properly addressed. They also ensure client loyalty and build harmonious working relationships with their assigned clients.
First, determine the employments status of the business account manager you need to hire. Certain business account 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 a business account 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 a business account manager that fits the bill.
Here's a comparison of business account manager salaries for various roles:
| Type of Business Account Manager | Description | Hourly rate |
|---|---|---|
| Business Account Manager | Sales managers direct organizations' sales teams. They set sales goals, analyze data, and develop training programs for organizations’ sales representatives. | $21-50 |
| Account Development Manager | 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... Show more | $20-57 |
| Account Services Manager | An account services manager is in charge of overseeing account procedures and building positive relationships with clients. They typically reach out to clients by performing calls and correspondence to offer products and services, discuss product specifications, perform follow-up calls, and resolve issues promptly and professionally... Show more | $22-53 |
Including a salary range in your business account manager job description is one of the best ways to attract top talent. A business account manager can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $90,112 | $43 |
| 2 | Virginia | $86,916 | $42 |
| 3 | District of Columbia | $84,011 | $40 |
| 4 | California | $82,615 | $40 |
| 5 | New York | $79,219 | $38 |
| 6 | Pennsylvania | $78,950 | $38 |
| 7 | Massachusetts | $78,846 | $38 |
| 8 | Maryland | $77,922 | $37 |
| 9 | Vermont | $77,172 | $37 |
| 10 | Illinois | $74,102 | $36 |
| 11 | Nevada | $69,831 | $34 |
| 12 | Arizona | $67,551 | $32 |
| 13 | Minnesota | $66,036 | $32 |
| 14 | Nebraska | $65,543 | $32 |
| 15 | Texas | $63,819 | $31 |
| 16 | Hawaii | $63,321 | $30 |
| 17 | Ohio | $61,612 | $30 |
| 18 | Georgia | $61,306 | $29 |
| 19 | North Dakota | $60,849 | $29 |
| 20 | Kentucky | $58,914 | $28 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $126,545 | $60.84 | 237 |
| 2 | $122,898 | $59.09 | 58 | |
| 3 | PitchBook Data | $118,213 | $56.83 | 7 |
| 4 | Yelp | $115,347 | $55.46 | 13 |
| 5 | Conga | $98,794 | $47.50 | |
| 6 | Takeda Pharmaceuticals U.S.A., Inc. | $98,104 | $47.17 | 81 |
| 7 | Egnyte | $96,297 | $46.30 | 9 |
| 8 | Queens Health Systems | $83,156 | $39.98 | 3 |
| 9 | Best Buy | $82,084 | $39.46 | 7 |
| 10 | Colgate-Palmolive | $81,273 | $39.07 | 17 |
| 11 | RubinBrown | $79,320 | $38.13 | 8 |
| 12 | Firmenich | $75,564 | $36.33 | |
| 13 | EPIC Insurance Brokers & Consultants | $75,508 | $36.30 | 38 |
| 14 | CDK Global | $73,644 | $35.41 | 21 |
| 15 | AssuredPartners | $72,825 | $35.01 | |
| 16 | Modine Manufacturing | $72,382 | $34.80 | |
| 17 | NBT Bancorp Incorporated | $71,775 | $34.51 | 16 |
| 18 | Better Business Bureau | $71,188 | $34.23 | 4 |
| 19 | Olympus | $71,114 | $34.19 | 20 |
| 20 | Gallagher | $71,036 | $34.15 |
A good business account 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 a business account manager job description:
There are various strategies that you can use to find the right business account manager for your business:
Your first interview with business account manager 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. You can move on to the technical interview if a candidate is good enough for the next step.
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 business 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.
After that, you can create an onboarding schedule for a new business account 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.
Hiring a business account manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting business account managers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of business account manager recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $68,498 per year for a business account 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 business account managers in the US typically range between $21 and $50 an hour.