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Strategic account executive hiring summary. Here are some key points about hiring strategic account executives in the United States:
Here's a step-by-step strategic account executive hiring guide:
A strategic account executive is in charge of devising strategies to improve services and build positive relationships with key clients. Their responsibilities revolve around maintaining an active communication line with clients to determine their needs, promptly responding to issues and concerns, coordinating clients with other teams, and liaising with various agencies. There are also instances when one must collaborate with analysts to develop new client opportunities, monitor the progress of the sale, and manage the workflow and the workforce.
The strategic account executive hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
You should also consider the ideal background you'd like them a strategic account executive to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a strategic account executive that fits the bill.
The following list breaks down different types of strategic account executives and their corresponding salaries.
| Type of Strategic Account Executive | Description | Hourly rate |
|---|---|---|
| Strategic Account Executive | $37-86 | |
| Business Developer | A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement... Show more | $31-75 |
| New Business Development | New business development focuses on new business opportunities and new product innovation, including product design, business model design, and marketing. This includes a wide scope of responsibilities that includes marketing planning, strategic partnerships, and increased profitability... Show more | $27-58 |
Including a salary range in your strategic account executive job description helps attract top candidates to the position. A strategic account executive salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a strategic account executive in Missouri may be lower than in California, and an entry-level strategic account executive usually earns less than a senior-level strategic account executive. Additionally, a strategic account executive with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $155,537 | $75 |
| 2 | Connecticut | $140,780 | $68 |
| 3 | Maryland | $137,657 | $66 |
| 4 | Ohio | $133,146 | $64 |
| 5 | Nevada | $129,851 | $62 |
| 6 | Washington | $127,841 | $61 |
| 7 | New York | $126,532 | $61 |
| 8 | District of Columbia | $125,600 | $60 |
| 9 | New Hampshire | $125,199 | $60 |
| 10 | Oregon | $125,029 | $60 |
| 11 | Michigan | $121,357 | $58 |
| 12 | New Jersey | $121,015 | $58 |
| 13 | Delaware | $120,967 | $58 |
| 14 | Arizona | $119,349 | $57 |
| 15 | Illinois | $119,011 | $57 |
| 16 | Virginia | $118,689 | $57 |
| 17 | Massachusetts | $116,686 | $56 |
| 18 | North Carolina | $116,338 | $56 |
| 19 | Florida | $116,110 | $56 |
| 20 | Texas | $115,187 | $55 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Mayo Clinic | $196,925 | $94.68 | 14 |
| 2 | Dotdash | $171,350 | $82.38 | |
| 3 | Citi | $168,125 | $80.83 | 5 |
| 4 | Sprinklr | $166,782 | $80.18 | |
| 5 | Okta | $166,465 | $80.03 | 50 |
| 6 | Databricks | $165,547 | $79.59 | 25 |
| 7 | Hearst | $162,066 | $77.92 | 64 |
| 8 | Thrive Global | $157,362 | $75.65 | |
| 9 | Palo Alto Networks | $155,855 | $74.93 | 82 |
| 10 | Creative Artists Agency | $152,432 | $73.28 | 15 |
| 11 | Dropbox | $152,389 | $73.26 | 1 |
| 12 | FMC | $149,100 | $71.68 | |
| 13 | Procore Technologies | $148,264 | $71.28 | 5 |
| 14 | Philips | $146,732 | $70.54 | 27 |
| 15 | $144,612 | $69.53 | 32 | |
| 16 | Asana | $143,763 | $69.12 | 8 |
| 17 | Pluralsight | $142,431 | $68.48 | 2 |
| 18 | Amazon | $142,110 | $68.32 | 438 |
| 19 | Nuance Communications | $140,428 | $67.51 | |
| 20 | DoorDash | $140,162 | $67.39 | 183 |
A job description for a strategic account executive role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a strategic account executive job description:
There are various strategies that you can use to find the right strategic account executive for your business:
Recruiting strategic account executives 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.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the strategic account executive position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize 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.
After that, you can create an onboarding schedule for a new strategic account executive. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Before you start to hire strategic account executives, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire strategic account executives pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Strategic account executives earn a median yearly salary is $119,268 a year in the US. However, if you're looking to find strategic account executives for hire on a contract or per-project basis, hourly rates typically range between $37 and $86.