Business Account Manager Salary
Business Account Managers in the United States can expect wages of $49K per year on average. Job satisfaction is considered about average by most people in this profession. A large number enjoy medical and dental coverage in this occupation, and most get vision benefits. Men make up a slight majority of Business Account Managers (58 percent) who responded to the survey. Participants in PayScale's salary questionnaire provided the particulars of this report.
Job Description for Business Account Manager
The position of a business account manager requires a great deal of team effort and the ability to work well with clients on a daily basis. These account managers spend their days maintaining relationships with various clients within a company and connecting key business owners and stakeholders, as well as maintaining relationships with business corporations.Read More...
Business account managers also work with a large number of customers and must ensure their satisfaction with the company. These managers must have a great deal of mental strength and be able to work with a variety of people, and they typically work indoors in an office setting with some occasional travel required.
Those in this position typically work during regular business hours, and longer hours may occasionally be necessary. A bachelor's degree in a business field is generally required for this position, and some employers may accept those with an associate's degree. The job also requires a great deal of experience in management settings and leading other staff members.
Business Account Manager Tasks
- Develop new business opportunities with existing clients by promoting company products and services.
- Improve customer satisfaction by improving responsiveness and anticipating customer needs.
- Help on-board new clients and provide customer service to assigned customer accounts.
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Pay by Experience Level for Business Account Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although individuals who have less than five years' experience earn $50K on average, people with five to 10 years benefit from a notably larger average of $70K. Business Account Managers see a median salary of $53K after reaching one to two decades on the job. Average wages for folks with more than 20 years of experience come out to around $63K.