Licensing Manager Salary
Licensing Managers in the United States take home an average $64K per year. Including potential for bonuses and profit sharing — peaking near $12K and $25K, respectively — total cash payment to Licensing Managers can bottom out near $43K or peak near $103K depending on individual performance. Geography and years of experience each impact pay for this group, with the former having the largest influence. Most Licensing Managers survey respondents are women (72 percent). Job satisfaction for Licensing Managers is high. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.
Job Description for Licensing Manager
Licensing managers are responsible for ensuring that either their company's customers or employees have the necessary licenses for the work that they are performing. In order to do this, they must be well-organized and detail-oriented. Licensing managers must have knowledge of their industry and keep up with all of the requirements needed by their company's employees. They will need to have or develop an expertise about the specific licenses so that they can ensure all of the requirements are met. These skills will enable them to keep track of all of the license requirements for each employee and project and ensure that all of the requirements are satisfied.Read More...
Generally, licensing managers work in an office setting, and no physical labor is expected. They need to be comfortable interacting with their coworkers in order to help keep track of their licensing requirements. If the requirements relate to customers, they need to prepare and negotiate contracts with those customers. They generally work full-time and typical daytime office hours. They are usually in a lower-level management position and report to upper-level management.
Licensing managers must be comfortable using Microsoft Office or similar software. The necessary expertise for licensing managers will vary based on the industry and position held. They will be expected to have at least a few years of experience in their industry. Industries that might employ licensing managers include information technology, engineering, product development, and restaurants. A company in any industry may consider hiring a licensing manager if they need help keeping track of the status and requirements of all of their necessary licenses.
Licensing Manager Tasks
- Develop brand and marketing programs for awareness and expansion opportunities with long term growth strategy.
- Solicit and expand business for new and current accounts.
- Participate in business presentations to current and potential customers.
- Manage existing business relationships.
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Popular Skills for Licensing Manager
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Contract Negotiation, Powerpoint, Microsoft Office, and Microsoft Word are correlated to pay that is above average. Skills that pay less than market rate include Windows Operating System General Use, Microsoft Excel, and Microsoft Word. For most people, competency in Microsoft Word indicates knowledge of Powerpoint.
Pay by Experience Level for Licensing Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Respondents with less than five years' experience take home $56K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $68K. Licensing Managers who work for 10 to 20 years in their occupation tend to earn about $67K. Licensing Managers who have spent more than 20 years on the job report earning a significantly higher median of $71K.
Pay Difference by Location
For Licensing Managers, Boston provides a pay rate that is 24 percent greater than the national average. Licensing Managers will also find cushy salaries in Chicago (+23 percent) and Los Angeles (+18 percent). Atlanta ranks last in the field for pay, reporting salaries 6 percent below the national average.
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Key Stats for Licensing Manager
Rated 5 out of 5
based on 28 votes.