Salaries for territory sales managers depend on different factors and due to this dependency, the salaries are divided into various ranges. A few ranges may be considered too low and a few can prove to be very high, but all this again depends on the factors which will be described in this article.Let us know more about Salaries for Territory Sales Manager in this article!
Salaries of territory sales manager have a few ranges in which the lower range has an average salary of $60-$80, which is provided to the freshies, but the higher range salaries of territory sales managers are almost $120,000-$150,000, which is paid to well-educated and experienced managers.
The article contains some descriptions of territory sales managers; who they are, and what they do, and then it proceeds to the details about the salaries of territory sales managers. All the details are given step by step as under:
The Function of Territory Sales Managers
A territory sales manager oversees all the duties related to sales of a company in a particular area or territory. The main task of the territory sales manager is to prepare strategies for representing the company, its policies, and its benefits to the people of the territory.
The territory sales managers also arrange and conduct training for representing and coordinating sales strategies for that particular area.
Requirements for territory sales managers:
There are many requirements for a person to become a territory sales manager because it is a very high-level and critical post in a company. Those requirements include a few things, like education level, skills, and experience.
When it comes to education level, a person must have completed his bachelor’s or master’s degree with a specialization in marketing, supply chain, business administration, or management. While talking about the skills required to become a territory sales manager, the most important thing is communication.
Because when a person is serving as a salesperson in any company, he must convince the people to choose his firm over others, this communication skill will prove to be a useful weapon.
Along with communication skills, there are many other skills required for becoming a territory sales manager, which is problem-solving techniques and being better at multi-tasking and planning.
Now the most important thing that is considered to be the main requirement for being hired at this post is experience. To get a handsome salary, one must possess at least 2-3 years of experience.
Salaries of territory sales managers are scaled in a few portions depending upon a few factors, which are given as under:
- Salaries are based on education level. Salaries are based on experience level. Salaries are based on the area or company where the manager is being hired.
Salaries based on education level:
When a person has only a bachelor’s degree, he can get a lesser amount as compared to those who are more qualified. Along with degrees, certifications also matter, so if you have only a bachelor’s degree but you have a better certification or internship, you can earn much better salaries.
The salaries for bachelor’s degree holders can be up to $60,000-$80,000 per year. When you have a better level of education, i.e., greater than a bachelor’s, you are likely to get a promotion with more salary and benefits.
Salaries based on experience level:
The day a person enters professional life is a day when experience becomes thirsty. Every leading organization looks for an experienced person to handle their sales in a better way with remarkable strategies and policies.
So we have three basic levels of experience:
Salaries of an entry-level territory sales manager:
The employees with experience of 0–1 year can get a salary of almost $166,000 per year, which is the highest range, but when it is looked at generally, it can be a minimum of $58,000 per year with a few other benefits. With those benefits, it can reach $91,000.
Salary of a seasoned territory sales manager:
Employees with more experience, like 3–4 years, are likely to get handsome salaries. According to professional research, the average annual salary of $189,000, which is mostly the observed salary of a territory sales manager, The minimum salary of managers can be taken on average as $64,000.
Salaries are based on the area or company where the manager is being hired:
Territory sales managers are paid differently according to the different regions and companies. On the other hand, if any city in the United States is having a trend of high salaries in the sales department, then the people being hired there will get a much higher salary than others, and on the other hand, if a company is not very stable or is a low-scale company, it will pay the employees less.
Below are discussed a few companies that hire territory sales managers and pay them. Their salaries are also discussed separately.
- Ecolab
- Altria
- Mars
- US foods
- Medtronic
Salaries of territory sales managers at Ecolab:
Ecolab is a well-known company. The salary of territory sales managers at Ecolab is not too good because it is even below average as compared to other companies. The average salary of a territory sales manager per year is found to be $54,540, which is almost 23% less than the national average.
Salaries of territory sales managers at Altria:
The salaries of territory sales managers at Altria are comparatively better than many others, with lots of other benefits besides salary. The average salary for this post at Altria is almost $66,394 per year, an average salary.
Salaries of territory sales managers at Mars:
Mars is a company that provides higher salaries as compared to trending salary packages. The average salary per year at Mars is 10% higher than the national average. According to research, the average salary of territory sales managers per year at Mars is almost $77,000.
Salaries of territory sales managers at US Foods:
The salaries provided by US Foods to territory sales managers are equal to the average national salary range, so the average salary per year a sales manager gets is $68,247. Along with this salary, a few benefits are also added.
Salaries of territory sales managers at Medtronic:
Medtronic is a high-level and well-developed company in the US. It offers its territory sales managers much higher salaries than the national average. The average salary per year at Medtronic was found to be $95,659, which is almost 36% greater than the national average.
Conclusion
Salaries of territory sales managers depend on their education and experience level, along with the company where the manager is being hired, so the salaries of territory sales managers are different for every sector.
Frequently asked questions (FAQs):
What is the typical salary range of territory sales managers?
According to different websites, the typical salary range for territory sales managers in the United States is $79,085 to $122,764.
Do territory sales managers get paid for online jobs?
Yes, territory sales managers can also get handsome salaries while working from their homes.
