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Territory account manager hiring summary. Here are some key points about hiring territory account managers in the United States:
Here's a step-by-step territory account manager hiring guide:
Territory account managers are sales professionals who take responsibility for the maintenance of customer relationships. These managers learn how clients do business and establish a better understanding of customer interaction. They generate sales with client accounts using techniques such as cross-selling and upselling. It is their job to ensure that their clients receive the requested services and products on time. They also maintain long-term account relationships. The core skills for this job include strong communication skills, leadership skills, and attention to detail.
First, determine the employments status of the territory account manager you need to hire. Certain territory account manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect territory account manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents territory account manager salaries for various positions.
| Type of Territory Account Manager | Description | Hourly rate |
|---|---|---|
| Territory Account Manager | Sales managers direct organizations' sales teams. They set sales goals, analyze data, and develop training programs for organizations’ sales representatives. | $21-47 |
| Sales Manager | Sales managers are responsible for leading the organization's sales team. They oversee the progress and performance of the whole team, set area assignments to team members, and set weekly or monthly quotas... Show more | $20-62 |
| Business Development Account Manager | A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions... Show more | $27-81 |
Including a salary range in the territory account manager job description is a good way to get more applicants. A territory account manager salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a territory account manager in Arkansas may be lower than in New Jersey, and an entry-level engineer typically earns less than a senior-level territory account manager. Additionally, a territory account manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $88,346 | $42 |
| 2 | New York | $83,897 | $40 |
| 3 | Washington | $80,185 | $39 |
| 4 | Virginia | $79,722 | $38 |
| 5 | Pennsylvania | $73,751 | $35 |
| 6 | Massachusetts | $73,289 | $35 |
| 7 | Maryland | $73,138 | $35 |
| 8 | Utah | $69,019 | $33 |
| 9 | Nevada | $68,990 | $33 |
| 10 | Wisconsin | $68,344 | $33 |
| 11 | Arizona | $67,409 | $32 |
| 12 | Minnesota | $65,800 | $32 |
| 13 | Texas | $65,603 | $32 |
| 14 | Illinois | $61,238 | $29 |
| 15 | Georgia | $60,318 | $29 |
| 16 | Ohio | $59,394 | $29 |
| 17 | Michigan | $59,110 | $28 |
| 18 | Indiana | $58,910 | $28 |
| 19 | Colorado | $57,130 | $27 |
| 20 | Iowa | $56,604 | $27 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Hitachi Vantara | $102,889 | $49.47 | 8 |
| 2 | Cisco | $98,498 | $47.35 | 102 |
| 3 | Avid | $93,001 | $44.71 | |
| 4 | Zebra Technologies | $92,890 | $44.66 | 8 |
| 5 | Check Point Software Technologies | $91,518 | $44.00 | 31 |
| 6 | Arkema | $85,829 | $41.26 | 6 |
| 7 | Fortinet | $85,569 | $41.14 | 115 |
| 8 | Informatica | $84,498 | $40.62 | 4 |
| 9 | Rockwell Automation | $83,941 | $40.36 | 22 |
| 10 | Foxit | $83,699 | $40.24 | |
| 11 | Infoblox | $83,035 | $39.92 | 10 |
| 12 | Qumulo | $82,653 | $39.74 | 2 |
| 13 | Valent U.S.A | $82,507 | $39.67 | 1 |
| 14 | Johnson & Johnson | $82,109 | $39.48 | 75 |
| 15 | Descartes Systems Group | $81,869 | $39.36 | |
| 16 | Arista Networks | $80,518 | $38.71 | 41 |
| 17 | Gigamon | $78,771 | $37.87 | 21 |
| 18 | Sun Pharmaceutical Industries Inc. | $78,675 | $37.82 | 22 |
| 19 | CECO Environmental | $77,237 | $37.13 | 5 |
| 20 | Quidel | $76,566 | $36.81 |
A job description for a territory account manager 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 territory account manager job description:
There are a few common ways to find territory account managers for your business:
To successfully recruit territory account managers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect territory account manager candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new territory account manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire territory account managers, 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 territory account managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $65,808 per year for a territory account manager, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for territory account managers in the US typically range between $21 and $47 an hour.