Sales Manager salary

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Basic Salary Information:

Sales managers direct organizations’ sales teams. Their job is to analyze data, set sales goals, and develop training programs for the organization. The sales manager salary is around $98,530. The lowest 10 percent earn less than $49,960, and the top 10 percent earn more than $166,400. There the profession is quite lucrative. The salary is due to the high demand of the job. The job outlook of this profession is at 12% which is faster than the average. This change in salary of a sales manager is also because of a lot of factors and one of them in the geographical location.  How much does a sales manager make is  shown in the table below.

State

Hourly mean wage

Annual mean wage

New York

$83.76

$174,210

Delaware

$77.91

$162,060

Massachusetts

$66.83

$139,000

New Jersey

$66.44

$138,200

Rhode Island

$64.72

$134,610

The salary also increases with time. As you get more experienced you will a lot more salary. For the first 4 years you salary will be around $30,000 to $50,000. This increase by a lot as you get more experienced. And as you get over 10 years of experience you will end up earning around $50,000 to $120,000. That is a lot of money.

Other Factors and Influences that determine Sales Manager salary:

One of the biggest things that influence the salary of a sales manager is the industry setting of the profession. Some industries pay a lot more than others. The top paying industries are

  • Manufacturing – $49,215 – $110,630
  • Software Development – $44,180 – $104,487
  • Food Manufacturing – $48,910 – $111,086
  • Specialty Chemical Manufacturing – $51,741 – $116,361
  • Telecommunications – $47,986 – $108,889

The average salary of Sales Manager  is often compared to the salary of a Investment Banker. Other factors include education and employee type. This is fairly simple. The more educated you are, the better you will get paid. Also different type of employee tends to pay you differently. Government companies will pay you less than private companies, but private companies will have fewer benefits than governments companies. So this is totally up to you. The last thing that matters is the type of sales manager you are. You can be an executive sales manager, a regional sales manager or a district sale manager. All this titles have different salary attached to them.

Sales manager has a lot of future for higher rankings and better remunerations. It has huge pay rate and is seen as one of the better jobs.