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The differences between key account managers and corporate account managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a key account manager and a corporate account manager. Additionally, a key account manager has an average salary of $102,315, which is higher than the $90,069 average annual salary of a corporate account manager.
The top three skills for a key account manager include account management, customer service and patients. The most important skills for a corporate account manager are healthcare, account management, and customer relationships.
| Key Account Manager | Corporate Account Manager | |
| Yearly salary | $102,315 | $90,069 |
| Hourly rate | $49.19 | $43.30 |
| Growth rate | 5% | 5% |
| Number of jobs | 160,992 | 170,741 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 79% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A key account manager is primarily in charge of handling key clients that produce the most profit for a company or business, ensuring that they remain with them. They are mainly responsible for understanding their clients' needs and long-term goals, ensuring that the key clients get to receive all the necessary services and products in time, and promptly address and resolve any issues and concerns. Furthermore, a key account manager may prepare reports and proposals to team members, all while adhering to the company's policies and standards.
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. They may also resolve issues and concerns, answer inquiries, process payments, and create billing plans as necessary. Furthermore, as a corporate account manager, it is essential to lead and encourage team members, all while implementing the company's policies and regulations.
Key account managers and corporate account managers have different pay scales, as shown below.
| Key Account Manager | Corporate Account Manager | |
| Average salary | $102,315 | $90,069 |
| Salary range | Between $75,000 And $138,000 | Between $54,000 And $147,000 |
| Highest paying City | San Francisco, CA | Voorhees, NJ |
| Highest paying state | Maine | New Jersey |
| Best paying company | Quidel | Clean Harbors |
| Best paying industry | Pharmaceutical | - |
There are a few differences between a key account manager and a corporate account manager in terms of educational background:
| Key Account Manager | Corporate Account Manager | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 79% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between key account managers' and corporate account managers' demographics:
| Key Account Manager | Corporate Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 68.1% Female, 31.9% | Male, 63.9% Female, 36.1% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |