Sales Estimator Salary
Median pay for Sales Estimators in the United States is around $50K annually. Overall cash earnings for Sales Estimators stretch from $32K on the lower end to $75K near the top, and the heftiest packages can encompass around $10K from bonuses and $8K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by tenure. Most Sales Estimators report high levels of job satisfaction. Among survey respondents, men are more common than women; 81 percent of Sales Estimators are male. Unfortunately, some people in this line of work are without benefits — one in three lack coverage. On the flip side, a majority have medical insurance and about one-half receive dental plans. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Job Description for Sales Estimator
Sales estimators typically works with sales and customer service departments to improve processes and procedures, providing managers with data to help companies improve their business models. There are several types of companies that employ sales estimators, but these roles are generally found in companies that sell a service or goods to customers. Typical duties performed by sales estimators include forecasting costs for new projects, studying current economic conditions that may affect the organization's ability to sell its products or services, estimating job costs, analyzing vendor pricing, and negotiating costs with vendors. These professionals typically work with sales and customer service staff, although sometimes a sales estimator may interact with customers depending on their role within the company. Sales estimators typically work during regular business hours, although overtime may be required to meet deadlines.Read More...
The minimum educational requirement for sales estimators typically includes a high school diploma or equivalent. One to three years of related experience or training in business services is generally needed as well. Some sales estimator positions - for example, in technical fields such as aerospace and defense - a bachelor's degree in accounting, business management, or another related field may be required. In addition, sales estimators should have excellent interpersonal and communication skills to work effectively with colleagues in their organization.
Sales Estimator Tasks
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Set up cost monitoring and reporting systems and procedures.
Sales Estimator Job Listings
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Popular Skills for Sales Estimator
Sales Estimators usually report a few specific skills. Most notably, skills in Construction Estimating, Blueprints, Project Management, and Sales are correlated to pay that is above average, with boosts between 5 percent and 9 percent. Skills that pay less than market rate include Microsoft Excel. Most people skilled in Construction Estimating are similarly competent in Blueprints and Project Management.
Pay by Experience Level for Sales Estimator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Sales Estimators do not generally earn higher incomes from more experience in the field. In this position, someone who has worked for fewer than five years can expect a median salary of $42K. The median for people with five to 10 years of experience is only a little bit higher at $45K. For Sales Estimators, 10 to 20 years of experience on the job amounts to an average salary of $56K. Sales Estimators who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $61K.