Business Account Executive Salary
Annual compensation for Business Account Executives is typically heavily supplemented by bonuses and commissions and totals around $69K (including $59K from bonuses and commissions). The particular firm is the biggest factor affecting pay for this group, followed by tenure. Men make up the vast majority of Business Account Executives (80 percent) who took the survey. Nearly all receive medical and dental insurance and a strong majority get vision insurance. Most workers in this position report moderate levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$34,268 - $62,920|
|Bonus||$4,966 - $52,851|
|Commission||$22,000 - $45,781|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$35,712 - $88,716|
Job Description for Business Account Executive
Generally speaking, business account executives sell products and services to other companies. Many companies offer commission to these executives based on sales revenue, and there may also be sales goals to be achieved.Read More...
Business account executives must present periodic sales and activity reports to management to demonstrate their success, and advanced computer skills are important to create effective, eye-catching presentations and reports. In some cases, these executives will already have leads which simply need to be followed; in other cases, it is essential to conduct research in order to find, and reach out to, new customers.
Those in this position should have strong public speaking skills in order to carry out presentations regarding company offerings and how they benefit consumers. After purchased products are distributed, it is also important to follow-up to make sure clients are satisfied. Business account executives must have advanced knowledge of company offerings so any and all questions or concerns posed by consumers can be answered. Though it is important to meet sales goals, it is equally important to ensure that all procedures are in line with company policies and any laws and regulations which may apply. A bachelor’s degree in a business- or marketing-related field is often required for this position, and prior sales experience is highly beneficial.
Business Account Executive Tasks
- Talk with prospective and current clients to identify needs and products that meet those needs.
- Identify and reach out to new customer segments and groups.
- Explain and obtain signatures on product contracts and service agreements.
- Build strong customer service relationships with clear expectations.
Business Account Executive Job Listings
Popular Employer Salaries for Business Account Executive
Verizon Wireless offers the largest salaries in town ($75K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $44K to $105K.
Pay by Experience Level for Business Account Executive
Pay by Experience for a Business Account Executive has a positive trend. An entry-level Business Account Executive with less than 5 years of experience can expect to earn an average total compensation of $50,000 based on 36 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Account Executive with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $68,000 based on 18 salaries. An experienced Business Account Executive which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $71,000 based on 19 salaries. A Business Account Executive with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $76,000 based on 11 salaries.
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