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Senior territory business manager vs account manager

The differences between senior territory business managers and 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 senior territory business manager and an account manager. Additionally, a senior territory business manager has an average salary of $69,751, which is higher than the $68,535 average annual salary of an account manager.

The top three skills for a senior territory business manager include neurologists, business development and oncology. The most important skills for an account manager are customer service, account management, and healthcare.

Senior territory business manager vs account manager overview

Senior Territory Business ManagerAccount Manager
Yearly salary$69,751$68,535
Hourly rate$33.53$32.95
Growth rate5%5%
Number of jobs112,398152,261
Job satisfaction-4
Most common degreeBachelor's Degree, 84%Bachelor's Degree, 70%
Average age4646
Years of experience88

What does a senior territory business manager do?

A senior territory business manager is responsible for overseeing the business functions and operations under the assigned district. Senior territory business managers strategize project management techniques to handle the company's key accounts efficiently. They also identify business opportunities by conducting data and statistical analysis to generate more revenue resources and increase profits for the business. A senior territory business manager coordinates with clients, negotiates contracts and agreements, and maintain healthy business relationships with business partners.

What does an account manager do?

Account managers are employees who act as the bridge between the company they represent and the client of the company. They are assigned to handle specific clients so that the company will be able to tailor-fit any product or service according to the clients' requirements. Account managers are responsible for maintaining a harmonious relationship between the two parties by ensuring that any agreement made is amenable to both the company and the client. They are also responsible for ensuring that the company will be able to provide the needs of the client within any limitation that the client may have. Account managers also ensure that the company's reputation and well-being are always considered in any dealings.

Senior territory business manager vs account manager salary

Senior territory business managers and account managers have different pay scales, as shown below.

Senior Territory Business ManagerAccount Manager
Average salary$69,751$68,535
Salary rangeBetween $47,000 And $101,000Between $42,000 And $110,000
Highest paying City-San Francisco, CA
Highest paying state-Washington
Best paying company-NVIDIA
Best paying industry-Technology

Differences between senior territory business manager and account manager education

There are a few differences between a senior territory business manager and an account manager in terms of educational background:

Senior Territory Business ManagerAccount Manager
Most common degreeBachelor's Degree, 84%Bachelor's Degree, 70%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Senior territory business manager vs account manager demographics

Here are the differences between senior territory business managers' and account managers' demographics:

Senior Territory Business ManagerAccount Manager
Average age4646
Gender ratioMale, 51.5% Female, 48.5%Male, 54.8% Female, 45.2%
Race ratioBlack 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 Percentage7%7%

Differences between senior territory business manager and account manager duties and responsibilities

Senior territory business manager example responsibilities.

  • Utilize on-line agency managing software which aides in conformation of patient progress note submission to Medicare regulation standards.
  • Accomplish this by actively prospecting new business, maintaining accountability on all sales efforts, and actualizing attentiveness to detail.
  • Certify compliant with product knowledge, BMS behaviors, assign learning modules, and hands-on defensive driving.
  • Service hospitals by educating and selling the benefits of BMS products in the institutional setting.
  • Review physician notes and operative reports to determine appropriate coding for patients on Medicare and other private insurance companies.
  • Set up and train production staff to utilize QuickBooks for assembly company inventory system for accurate information provide to commercial customers.
  • Show more

Account manager example responsibilities.

  • Manage financial departments with responsibility for managing payroll, bank re-consolidations, bank deposits, budgeting and cost control.
  • Manage $4 million territory encompassing three Mid-Atlantic states.
  • Manage new business and renewals for leading Saas legal solution.
  • Manage an inside sales territory of multiple states with Avaya technology solutions.
  • Negotiate and manage all contracts and pricing for IDN's in the territory.
  • Manage customers' accounts utilizing laptop and internet base CMS reporting software and ADM field guide.
  • Show more

Senior territory business manager vs account manager skills

Common senior territory business manager skills
  • Neurologists, 16%
  • Business Development, 15%
  • Oncology, 13%
  • BMS, 11%
  • Disease State, 11%
  • Sales Performance, 8%
Common account manager skills
  • Customer Service, 19%
  • Account Management, 8%
  • Healthcare, 6%
  • CRM, 6%
  • Product Knowledge, 5%
  • PowerPoint, 5%

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