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Business development account manager hiring summary. Here are some key points about hiring business development account managers in the United States:
Here's a step-by-step business development account manager hiring guide:
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. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
First, determine the employments status of the business development account manager you need to hire. Certain business development account manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A business development account manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, business development account managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of business development account managers and their corresponding salaries.
| Type of Business Development Account Manager | Description | Hourly rate |
|---|---|---|
| Business Development Account Manager | Sales managers direct organizations' sales teams. They set sales goals, analyze data, and develop training programs for organizations’ sales representatives. | $27-81 |
| Director Of Sales & Business Development | A director of sales business development is responsible for monitoring the business and project plans, ensuring that the sales targets are met, according to project requirements and specifications. Directors of sales business development perform data analysis to track business performance and identify opportunities to grow revenues and profits... Show more | $18-84 |
| Corporate Account Manager | The duties of a corporate account manager depend on one's line of work or industry of employment. Typically, they are responsible for building a company's client base by devising strategies to identify market opportunities, reaching out to clients through calls and correspondence, and securing sales by offering products and services... Show more | $25-70 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $140,571 | $68 |
| 2 | Michigan | $121,937 | $59 |
| 3 | District of Columbia | $121,613 | $58 |
| 4 | Ohio | $118,828 | $57 |
| 5 | Virginia | $114,016 | $55 |
| 6 | Massachusetts | $112,218 | $54 |
| 7 | Illinois | $104,830 | $50 |
| 8 | Wisconsin | $103,354 | $50 |
| 9 | Texas | $102,177 | $49 |
| 10 | Pennsylvania | $99,811 | $48 |
| 11 | Maryland | $99,255 | $48 |
| 12 | New York | $97,886 | $47 |
| 13 | New Jersey | $96,994 | $47 |
| 14 | Washington | $96,060 | $46 |
| 15 | Louisiana | $93,605 | $45 |
| 16 | Colorado | $92,555 | $45 |
| 17 | North Carolina | $82,936 | $40 |
| 18 | Georgia | $82,478 | $40 |
| 19 | Arkansas | $77,394 | $37 |
| 20 | Tennessee | $72,605 | $35 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $192,805 | $92.69 | 235 |
| 2 | Koch Industries | $192,451 | $92.52 | 7 |
| 3 | Amcor | $182,926 | $87.95 | 33 |
| 4 | United Natural Foods | $181,447 | $87.23 | 14 |
| 5 | Methode Electronics | $172,969 | $83.16 | 4 |
| 6 | Systemax | $169,124 | $81.31 | |
| 7 | Pacific Investment Management Company LLC | $167,684 | $80.62 | 11 |
| 8 | PepsiCo | $162,812 | $78.28 | 1 |
| 9 | PitchBook Data | $159,057 | $76.47 | 3 |
| 10 | Parsons | $153,390 | $73.75 | 8 |
| 11 | Siemens | $151,265 | $72.72 | 78 |
| 12 | Masters Building Solutions, Inc. | $147,131 | $70.74 | 4 |
| 13 | Polaris Software Lab India Limited | $146,409 | $70.39 | |
| 14 | Ricoh | $146,322 | $70.35 | 18 |
| 15 | Airgas | $145,507 | $69.96 | 132 |
| 16 | Leidos | $144,612 | $69.53 | 84 |
| 17 | Intelliswift | $144,427 | $69.44 | 7 |
| 18 | AgreeYa Solutions | $143,803 | $69.14 | 10 |
| 19 | Bosch USA | $137,703 | $66.20 | 15 |
| 20 | Jacobs Engineering Group | $135,991 | $65.38 |
A business development 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. Below, you can find an example of a business development account manager job description:
There are a few common ways to find business development account managers for your business:
Recruiting business development 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.
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've selected the best business development account manager candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new business development account manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Recruiting business development 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.
Business development account managers earn a median yearly salary is $99,209 a year in the US. However, if you're looking to find business development account managers for hire on a contract or per-project basis, hourly rates typically range between $27 and $81.