Account Manager Salary: How much can you earn?

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If you’re considering a career as an Account Manager, or if you’re looking to negotiate your current salary, you’re likely curious about the current market trends. This post is perfect for you, whether you’re a job seeker exploring opportunities, an HR professional benchmarking salaries, or an account manager contemplating your next career move.

Average Salaries Across the Globe

Account Manager Salaries in the US

Based on Glassdoor, the average base salary for an Account Manager in the US is $67,474 per year. The additional compensation averages $50,855, bringing the median total compensation to $118.329 annually.

Account Manager Salaries in Germany

In Germany, according to Glassdoor, Account Manager base salaries vary from €45,575 to €70,000, with an average commission of €13,100. Together, the total median is €68.000, or around $71.600.

AM Salaries in the UK

Based on data from Glassdoor you’ll find that base salaries range from £27,000 to £42,800, with an average commission of £7,700. This brings the total median to £41,700 or $52,600.

AM Salaries in Europe

Salaries for Account Managers in Europe can differ significantly, and we’re here to guide you through these variations. Generally, Western Europe offers higher compensation compared to Eastern and Southern regions. According to Glassdoor, here are some examples of median total compensation:

  • France: €52,700 or ~ $55,500
  • Ireland: €70,000 or ~ $73,700
  • Italy: €41,000 or ~ $43,200
  • Spain: €37,000 or ~ $39,000
  • Switzerland: CHF 111,000 or ~ $125,000
  • Poland: PLN 108,000 or ~ $26,300

AM Salaries in Asia

Asian markets present a vibrant and diverse landscape, with countries such as Japan and Singapore offering competitive salaries on a par with Western standards. In developing markets, salaries tend to vary more. To illustrate this, here are some examples of median total compensation from Glassdoor:

  • Japan: ¥8,500,000 or ~ $55,100
  • Singapore: SGD 68,000 or ~ $50,700
  • India: ₹ 1,000,000 or ~ $11,800
  • Philippines: PHP 580,000 or ~ $9,900
  • China: CN¥ 220,000 or ~ $30,400

While we aimed to include more countries, limited Glassdoor sample sizes in some Asian and European regions may result in figures that significantly differ from national averages which is why we did not include those numbers.

US Tech Sales AM Salaries

According to Repvue, the median base salary for an AM is $95,000, with a median On-Target Earnings (OTE) of $165,000. We regard Repvue as a premier source for US CSM salary data and tech sales company reviews. While RepVue covers salaries across various industries, the strong emphasis on tech companies at this point of time makes it a leading indicator for tech sales salaries. Here is a brief list of the top five tech companies offering the highest OTEs for Account Managers, as reported by Repvue:

  • Cleo: $375,000 OTE
  • Mulesoft (Salesforce): $360,000 OTE
  • Blue Prism $350,000 OTE
  • Here (formerly OpenFin): $350,000 OTE
  • Sprinklr: $340,000 OTE

Factors Influencing Account Manager Salaries

When discussing account manager salaries, it’s essential to consider several factors that can impact compensation:

1. Industry

Different industries can offer varied salary ranges for account managers. For instance, account managers in the tech sector might earn more than those in non-profit organizations due to higher revenue potential and competitive markets.

2. Location

Geographical location plays a significant role in salary differences. Major cities or regions with a high cost of living, like San Francisco or New York City, often come with higher salaries compared to smaller towns or rural areas.

3. Experience

Experience level is a key determinant of salary. Entry-level account managers may start with a lower salary, while those with years of experience and a proven track record can command higher pay.

4. Education and Certifications

Higher education and certifications specific to the industry can also impact salary potential. A bachelor’s degree is typically required, but a MBA can give candidates an edge.

5. Company Size

Larger companies tend to have bigger budgets for salaries and may offer more competitive compensation packages compared to startups or small businesses.

Conclusion

In conclusion, account manager salaries vary widely across different regions, industries, and experience levels. While Western countries generally offer higher compensation, emerging markets in Asia are also becoming competitive. Factors such as industry sector, location, experience, education, and company size all play significant roles in determining an account manager’s earning potential. Understanding these dynamics can empower professionals to make informed career decisions and negotiate effectively for better compensation. Whether you’re starting your career or considering a new opportunity, being aware of these factors can help you navigate the job market successfully. Feel free to check out our Tech Sales Temple Forum, where you can discuss salaries with other professionals.