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 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 Web development trend and company sizes.
- Note that these figures only represent base pay and may not include additional compensation, such as stocks, commissions, or bonuses 4.
- This compensation could come as a percentage of your sales, or your company may use another structure, like a territory volume commission, which considers your geographic region.
- With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
- Marketing is the development of ideas to reach people and sell products.
- Sales managers have a positive job outlook and often earn a competitive salary.
Wage gap by gender, race and education
- Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
- Companies also need sales managers to create strategies that will help them grow.
- Duties might include recruiting, hiring, and onboarding new employees and coaching current staff on improving their sales techniques.
- Bureau of Labor Statistics estimates the number of people working as sales managers will increase from 469,800 to 493,600.
- Sales manager salary is impacted by location, education, and experience.
- 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.
The BLS expects sales manager positions to grow 6 percent from 2023 to 2033, a rate on par with the national average for all occupations. Organizations and industries are expected to add 48,600 positions to the field during the decade leading up to 2032 17. Sales manager positions will continue to grow as workers leave the profession for other positions or retire. Companies also need sales managers to create strategies that will help them grow.
Salaries of Jobs Related to Sales Manager
Factors such as your experience in 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.
Tools and Programs Sales Managers Use
- Sales managers direct training programs for sales representatives and work with them on employing effective sales strategies and techniques.
- A marketing manager is responsible for generating interest in products.
- Learners are advised to conduct additional research to ensure that courses and other credentials pursued meet their personal, professional, and financial goals.
- Sales manager positions will continue to grow as workers leave the profession for other positions or retire.
- Coursera’s editorial team is comprised of highly experienced professional editors, writers, and fact…
- It’s important to factor in commissions when it comes to a position as a sales manager.
The highest-paying states for sales managers are New Jersey, New York, and Delaware. The lowest average sales manager salary states are North Dakota, Nebraska, and South Dakota. According to the US Bureau of Labor Statistics (BLS), sales managers make an average annual income of $135,160 1. An entry-level Sales Manager with less than 1 year of experience earns about $130,786. With 1-2 years of experience, the average salary increases to $131,653.
Job Openings of Sales Manager
Sales managers can work in various industries, such as wholesale trade, retail, manufacturing, technology, or finance. Many factors, including location, education, commission structures, and industry, can impact their salary. Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider. Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence. Sales managers lead teams of sales representatives https://wizardsdev.com/en/vacancy/ios-developer/ and usually answer to a sales director or VP of sales.
Sales Manager Salary and Job Outlook
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence. Sales managers handle a variety of duties, from directing training programs and establishing sales budgets to tracking metrics and setting individual and team quotas. Coursera’s editorial team is comprised of highly experienced professional editors, writers, and fact… With the most extensive online, real-time compensation Sales Manager (outstaff/outsource) job data available, Salary.com helps you pinpoint your exact pay target.
What is the Pay by Experience Level for Sales Managers?
Becoming a sales manager usually requires a bachelor’s degrees along with multiple years of sales experience, which should include leadership responsibilities. The highest paying types of sales managers are senior sales manager, technical sales manager, and general sales manager. You may also strengthen your skills through the Sales Training for High Performing Teams Specialization from Hubspot. The program aims to help you build your sales career and learn more about sales team management.
It’s important to factor in commissions when it comes to a position as a sales manager. Your education, experience, industry, and location may influence your salary, but you may also earn more in addition to your annual salary based on sales or other goals. For instance, Glassdoor reports a sales manager’s average annual base salary as $85,713, but with extra pay, the annual salary rises to as much as $169,730 4. This compensation could come as a percentage of your sales, or your company may use another structure, like a territory volume commission, which considers your geographic region. Sales Manager manages the sales teams and supporting operations to implement the organizational sales strategy and drive revenue growth. Researches and promotes techniques, tools, and structures to support the sales process and meet defined sales metrics.
