What Does a Key Account Manager Do?

We looked at the average key account manager annual salary and compared it with the average of a manager, account executive. Generally speaking, managers, account executive receive $35,040 lower pay than key account managers per year.

While their salaries may differ, one common ground between key account managers and managers, account executive are a few of the skills required in each craft. In both careers, employees bring forth skills like account management, customer service, and business development.

There are some key differences in responsibilities as well. For example, a key account manager responsibilities require skills like "patients," "crm," "customer relationships," and "excellent interpersonal." Meanwhile a typical manager, account executive has skills in areas such as "sales process," "virtualization," "post sales," and "account executives." This difference in skills reveals how truly different these two careers really are.

Managers, account executive tend to make the most money in the technology industry by averaging a salary of $87,422. In contrast, key account managers make the biggest average salary of $102,173 in the pharmaceutical industry.

On average, managers, account executive reach similar levels of education than key account managers. Managers, account executive are 2.4% less likely to earn a Master's Degree and 0.0% more likely to graduate with a Doctoral Degree.

Next up, we have the product manager/sales profession to look over. This career brings along a higher average salary when compared to a key account manager annual salary. In fact, product managers/sales salary difference is $6,177 higher than the salary of key account managers per year.

Not everything about these jobs is different. Take their skills, for example. Key account managers and product managers/sales both include similar skills like "account management," "customer service," and "crm" on their resumes.

In addition to the difference in salary, there are some other key differences that are worth noting. For example, key account manager responsibilities are more likely to require skills like "patients," "customer relationships," "excellent interpersonal," and "kam." Meanwhile, a product manager/sales might be skilled in areas such as "product sales," "product management," "cycle management," and "customer support." These differences highlight just how different the day-to-day in each role looks.

Product managers/sales may earn a higher salary than key account managers, but product managers/sales earn the most pay in the education industry with an average salary of $108,541. On the other side of things, key account managers receive higher paychecks in the pharmaceutical industry where they earn an average of $102,173.

When it comes to the differences in education between the two professions, product managers/sales tend to reach similar levels of education than key account managers. In fact, they're 1.2% less likely to graduate with a Master's Degree and 0.0% more likely to earn a Doctoral Degree.

The third profession we take a look at is outside sales manager. On an average scale, these workers bring in lower salaries than key account managers. In fact, they make a $17,907 lower salary per year.

Using key account managers and outside sales managers resumes, we found that both professions have similar skills such as "account management," "customer service," and "crm," but the other skills required are very different.

As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from key account managers resumes, they are more likely to have skills like "patients," "customer relationships," "excellent interpersonal," and "kam." But a outside sales manager might have skills like "sales process," "increase sales," "general contractors," and "cold calls."

Additionally, outside sales managers earn a higher salary in the finance industry compared to other industries. In this industry, they receive an average salary of $78,067. Additionally, key account managers earn an average salary of $102,173 in the pharmaceutical industry.

Outside sales managers typically study at lower levels compared with key account managers. For example, they're 5.7% less likely to graduate with a Master's Degree, and 0.3% less likely to earn a Doctoral Degree.

The fourth career we look at typically earns lower pay than key account managers. On average, territory managers earn a difference of $28,587 lower per year.

While their salaries may vary, key account managers and territory managers both use similar skills to perform their jobs. Resumes from both professions include skills like "account management," "customer service," and "patients. "

While some skills are shared by these professions, there are some differences to note. "customer relationships," "kam," "project management," and "distributors" are skills that have shown up on key account managers resumes. Additionally, territory manager uses skills like territory sales, sales process, sales quota, and product sales on their resumes.

Now, let's take a closer look at the financials in each career. The pharmaceutical industry tends to pay more for territory managers with an average of $100,016. While the highest key account manager annual salary comes from the pharmaceutical industry.

In general, territory managers reach similar levels of education when compared to key account managers resumes. Territory managers are 3.9% less likely to earn their Master's Degree and 0.0% less likely to graduate with a Doctoral Degree.