Channel Account Manager Salary
Commissions constitute a big slice (slightly less than one-half on average) of overall compensation for Channel Account Managers, and the median take-home for this group lies near $86K. Residence and career duration 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 working as Channel Account Managers who took the survey just slightly outnumber women at 53 percent. Work is enjoyable for Channel Account Managers, who typically claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$43,803 - $116,175|
|Bonus||$2,993 - $51,355|
|Commission||$17,879 - $81,703|
|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).)
|$49,409 - $151,528|
Job Description for Channel Account Manager
Channel account managers are responsible for maintaining strong relationships with clients for various businesses. Generally, these account managers must arrange situations which allow for colleagues within their businesses to meet and converse for the greater good of the company; be it selling a product or brainstorming ways to increase revenue, the channel account manager is responsible for overseeing this creation.Read More...
These managers will present a company’s product to a range of business professionals, sometimes from the same sector of business and other times another field entirely, and securing new partners for their business is also an important responsibility. A four-year degree and at least a few years of business sales experience are generally required for this position, and computer skills are also required. Travel is often necessary, so candidates should be prepared to be away home for designated periods of time.
Channel account managers must be outgoing and personable in order to work well with sales representatives and report to their own vice presidents on a regular basis. Communication skills are highly recommended, as well. (Copyright 2017 PayScale.com)
Channel Account Manager Tasks
- Identify, recruit and develop channel partners.
- Develop key KPIs and track progress.
- Facilitate product and sales training.
- Establish and maintain account plans to promote sales growth.
Channel Account Manager Job Listings
Pay by Experience Level for Channel Account Manager
Pay by Experience for a Channel Account Manager has a positive trend. An entry-level Channel Account Manager with less than 5 years of experience can expect to earn an average total compensation of $65,000 based on 58 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Channel Account Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $100,000 based on 39 salaries. An experienced Channel Account Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $122,000 based on 45 salaries. A Channel Account Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $126,000 based on 19 salaries.
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Key Stats for Channel Account Manager
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