Sales and marketing managers may play a dual role, as sales and marketing are usually two different departments or functions. Marketing is the development of ideas to reach people and sell products. Sales is the actual implementation and use of those ideas developed by marketing to sell the product. Sales and marketing managers must possess a high level of knowledge and insight into what customers want and need, as well as what customers don’t even know they want or need yet. Sales manager salaries at Capgemini and Google are the highest-paying according to our most recent salary estimates. In addition, the average sales manager salary at companies like NVIDIA and Boehringer Ingelheim are highly competitive.
What is the lowest pay for Sales and Marketing Managers?
- The average sales manager salary has risen by $17,134 over the last ten years.
- A sales representative sells products to businesses, government agencies, and other organizations.
- That works out to a 12% change in pay for sales managers over the last decade.
- The lowest average sales manager salary states are North Dakota, Nebraska, and South Dakota.
- Depending on the industry, sales manager positions have a positive projected growth rate, particularly as current sales managers retire or transfer to other jobs.
- Sales managers may also monitor customer trends, coordinate a sales staff, and develop plans for their staff to sell products to businesses and consumers.
Factors such as your experience in Full stack developer roadmap the field or your level of education may boost your potential earnings as a sales manager. Where you live may also impact your salary, including the demand for sales managers or the cost of living in a particular location. Depending on your specialties or interests, working in some industry sectors may earn you more income than others. Sales managers may also monitor customer trends, coordinate a sales staff, and develop plans for their staff to sell products to businesses and consumers.
What is the lowest pay for Sales Manager?
In 2014, the average sales manager earned $56,818 annually, but today, they earn $73,952 a year. That works out to a 12% change in pay for sales managers over the last decade. Sales managers have a positive job outlook and often earn a competitive salary. Specific industries may offer more income for sales managers compared to others. Working in professional, scientific, or technical services may earn you a median annual income of $165,050. Sales managers in finance and insurance earn slightly less, with $164,990 in median annual income, according to the BLS 14.
Wage gap by gender, race and education
- Sales managers lead teams of sales representatives and usually answer to a sales director or VP of sales.
- According to the US Bureau of Labor Statistics (BLS), sales managers make an average annual income of $135,160 1.
- Ensures that project/department milestones/goals are met and adhering to approved budgets.
- Researches and promotes techniques, tools, and structures to support the sales process and meet defined sales metrics.
- The highest-paying states for sales managers are New Jersey, New York, and Delaware.
Sales manager salary is impacted by location, education, and experience. Bureau of Labor Statistics estimates the number of people working as sales managers will increase from 469,800 to 493,600. The highest-paying cities for sales managers are Jersey City, NJ, New https://wizardsdev.com/en/news/future-in-it-conference/ York, NY, and Washington, DC. The salary of a Sales Manager in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
- Sales manager salaries at Capgemini and Google are the highest-paying according to our most recent salary estimates.
- The full compensation package for a sales manager depends on a variety of factors, including but not limited to the candidate’s experience and geographic location.
- Organizations and industries are expected to add 48,600 positions to the field during the decade leading up to 2032 17.
- In contrast, sales manager positions in the San Jose, Sunnyvale, and Santa Clara areas earn an average of $214,590 in median yearly salaries 13.
- Sales manager salaries typically range between $42,000 and $129,000 yearly.
- Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
Being a Sales Manager monitors customer feedback and insights and collaborates with internal stakeholders to identify and suggest new products. Conducts long-term and short-term goal setting Sales Manager (outstaff/outsource) job for teams and individuals and uses data to measure and monitor sales processes, identify issues, and enhance performance. Additionally, Sales Manager monitors the industry, business environment, competitors, and customers to develop action plans for expanding and retaining the customer base. The Sales Manager manages subordinate staff in the day-to-day performance of their jobs. Ensures that project/department milestones/goals are met and adhering to approved budgets.