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The differences between retail 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 retail account manager and a corporate account manager. Additionally, a corporate account manager has an average salary of $90,069, which is higher than the $71,641 average annual salary of a retail account manager.
The top three skills for a retail account manager include customer service, customer relationships and account management. The most important skills for a corporate account manager are healthcare, account management, and customer relationships.
| Retail Account Manager | Corporate Account Manager | |
| Yearly salary | $71,641 | $90,069 |
| Hourly rate | $34.44 | $43.30 |
| Growth rate | 5% | 5% |
| Number of jobs | 208,971 | 170,741 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 79% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A retail account manager is primarily in charge of liaising with retail accounts and suppliers, establishing positive business relationships. Among their responsibilities include researching new business and client opportunities, communicating with key accounts to identify and meet their needs, and develop sales strategies. They may also perform clerical tasks such as preparing and processing documentation, handling calls and correspondence, and maintaining extensive records. Furthermore, as a retail account manager, it is essential to lead and serve as a mentor to staff while implementing the company's policies and regulations.
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.
Retail account managers and corporate account managers have different pay scales, as shown below.
| Retail Account Manager | Corporate Account Manager | |
| Average salary | $71,641 | $90,069 |
| Salary range | Between $42,000 And $120,000 | Between $54,000 And $147,000 |
| Highest paying City | - | Voorhees, NJ |
| Highest paying state | - | New Jersey |
| Best paying company | - | Clean Harbors |
| Best paying industry | - | - |
There are a few differences between a retail account manager and a corporate account manager in terms of educational background:
| Retail Account Manager | Corporate Account Manager | |
| Most common degree | Bachelor's Degree, 77% | 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 retail account managers' and corporate account managers' demographics:
| Retail Account Manager | Corporate Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 60.9% Female, 39.1% | 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% |