For the accounts that, in no way, can be lost, an account manager devises numerous strategies to make customers keep coming back. Whether your company's sales cross billions or not, customers and their accounts make for at least half the revenue. An account manager studies, understands, and dedicates a crucial part of his life in his customer's business, and as a result, gives his company years and years of success. Interesting, huh? Accounting, finances, assets, property... all keywords that wrap up the job of an account manager. And if you talk money, considering the amount of education they have with them, their salaries exceed many other jobs of similar degree.
From what an account manager's responsibilities reveal, it is absolutely clear that he is in charge of the company's association with the clients. With the help of an amalgamation of sales and customer service, an account manager acts as a contact between the company as well as the clients, thereby fulfilling the requirements of both. The job might appear a tad tougher than the rest, but the results are undoubtedly lucrative.
Account Manager Pay Scale
Note that, you cannot really expect a phenomenal start right from the day you join. What you can expect, however, is lots of knowledge and learning with regards to the many account management skills that will lay the brass-tacks to attaining higher earnings after a course of time. As far as the average salary figures for an account manager having an experience of at least 5 years go, it is somewhere around $45,000 - $100,000 per annum, depending upon the city he chooses to work in, and the industry that hires him as an account executive.
While New York is one state in the US where account manager salaries even cross the $100,000 mark, states such as Ohio and Florida pay under $80,000 to account managers. With that said, the following tabular data represents account manager salaries in terms of geographical region, as well as the number of years of work experience that an account manager has. Salaries are approximate and depend on various factors though. Take a look.
|State/City||Salary (in USD)|
|Experience||Salary (in USD)|
|Less than 1 Year||$25,000 - $70,000|
|1 - 4 Years||$35,000 - $70,000|
|5 - 9 Years||$40,000 - $90,000|
|10 Years or More||$45,000 - $100,000|
As mentioned above, for an account manager, the minimum requisite is an associate's degree that can at least help you get into working as an intern in a firm. However, aspirants are usually expected to have a bachelor's or master's degree in Business Administration. Along with it, a strong hold on accounting, writing, social science, economics, etc., are required from the very beginning.
An aspirant having essential communication as well as computer skills can go a long way in this field, because this is the ultimate duty of an account manager - communicate with clients. After you fetch your degree, and get a recognition in computer skills, you can very well apply for a job in firms all over the country. Either you can find out yourself if there are vacancies in those firms, or you can submit your resume on job boards on the Internet, which will keep you updated with the latest offerings.
The job of an accounting manager requires account management skills and proficiencies. Account managers are often expected to be detail-oriented, and responsible at communication. If you think you're good at decision making, and think of yourself working as a successful account manager in a reputed firm few years from now, then this job could be a perfect fit for you. All you need to do is enlist all your weaknesses, and try working on them, till you get the job you always wished for.