Regional Account Executive Salary
Total annual pay for Regional Account Executives is approximately $65K, and commissions account for a significant portion of this final number — just under one in three on average. Residence and tenure each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. The majority of Regional Account Executives claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Regional Account Executive
The main responsibility as a regional account executive is to make sure that the company meets sales goals. On a day-to-day basis, a regional account executive is required to perform the following responsibilities: delivering targeted sales results, analyzing sales in a certain market and figuring out the potential of a product of service, maintaining tracking systems, and working closely with clients and providing consultations. They are also in charge of promoting services that the company provides, effectively designing price-service programs that meet the company standards, generating proposals and contracts, and documenting all the sale activities.Read More...
Regional account executives typically work full time during regular business hours, although exact hours may vary depending on the company's needs and specific projects. These executives may work overtime and travel to meet with current and prospective clients, for example.
This position generally requires at least a bachelor's degree, and a master's degree may be preferred. At least three to five years of related experience is generally needed as well. Regional account executives must have excellent verbal and written communication skills, be able to make important decisions under pressure, and have experience using basic computer software such as the Microsoft Office suite. They should also work well on their own and in a team setting, as well as be able to effectively communicate with current and prospective clients.
Regional Account Executive Tasks
- Develop and build relationships with clients and associated individuals.
- Research and contact prospective clients.
- Answer questions, educate clients and provide product expertise in a range of situations.
- Explain and sell products and services and collect payments.
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Pay by Experience Level for Regional Account Executive
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Survey participants with less than five years' experience pocket $52K on average, but those with five to 10 years of experience enjoy a much bigger median of $65K. Regional Account Executives bring in $81K after working for 10 to 20 years. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $75K.
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