If you are a student and are interested in a career in sales, consider an account executive position. This position is closely related to that of a salesperson, as account executives make pitches and try to close deals. While some account executives may also prospect for new clients, the vast majority receive their clients from other representatives in the company’s new business department. Once they have sold a client, they pass it along to the account manager. Account executives may not be the highest paying sales jobs in the world, but they are among the highest-paying ones.
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Best Highest Paying Sales Jobs
Base Salary for Consulting Sales: $120,000 to $250,000
$25,000 to $3,000,000 in commissions
High-GPA students from prestigious colleges are hired by businesses that sell their skills to other businesses. They adore sports team captains and club presidents who are driven to succeed. Although it’s obvious that employers would prefer someone with accounting experience, William Gaffney, a recruiter at Amaxa Group in Dayton, notes that this isn’t always the case. The greatest commissions go to those who bring in the biggest contracts in this environment of “eat what you kill.”
Base Salary for Consumer Packaged Goods Sales: $150,000 to $180,000
$100,000 to $150,000 in commissions
According to Brian Sekandi, chief search consultant for Gilmore Partners in Toronto, the market for consumer packaged goods (CPG), which includes toys, beverages, and goods offered in supermarkets and ethnic markets, is expanding. Using a network of contacts in the consumer market, a CPG sales director places the product on a national level. You’ll need an MBA to launch your career as a junior CPG salesperson. Sekandi explains, “You’re like a brand manager, but you do many other things. “You’re not just selling the product; you’re fully engaged in the business.”
Base salary for digital media sales: $170,000 to $180,000
From $130,000 to $220,000 in commissions
While conventional print, broadcast, and cable continue to decline, the market for digital ad sales is still expanding. Rick Linde, a partner with executive search firm Battalia Winston in New York City, advises those in the media industry to move over to the digital side and focus on banners, buttons, and search engine optimization because digital firms still have money.
Be on the lookout for major clients to launch new channels of distribution, such as Internet Protocol television, projects involving video-on-demand, or the sale of goods via mobile devices. “We’re seeing a lot of new business channels, so you need to be able to sell in new platforms [such] text messaging or scanning your cell to get a promotion,” Sekandi continues.
Sell integrated bundles if you are currently selling traditional media before switching to just offering digital.
Base Salary for Medical Device Sales: $0 to $70,000
$200,000 to $300,000 in commissions
According to Mamie Rudd, a senior medical recruiter for Richard Kader and Associates in Cleveland, medical device businesses frequently select their entry-level salespeople from the ranks of business-to-business salespeople. So, if you’ve sold payroll services or equipment, you’d be a wonderful fit for this position.
The caveat is that you can’t have any qualms with seeing blood because medical device marketers frequently work alongside doctors in operating rooms and must demonstrate their products. Throughout your career, you may anticipate doing a lot of cold contacting in the beginning and developing relationships with doctors.
externalized services $150,000 to $200,000 in base pay
$200,000 to $500,000 in commissions
Any task that a business can outsource presents a lucrative compensation opportunity for salespeople. The first functions to be outsourced were call centers, but other tasks include office administration, plant maintenance, human resources, payroll, and legal compliance.
Because businesses actively seek out salespeople who originate from the industry they are selling into, Gaffney claims that this is one sales position you may enter in the middle of your career. You are aware of a company’s strengths, shortcomings, and areas of vulnerability, he claims. Remember that selling may call for a whole different set of abilities than the ones that let you succeed in your line of work. Running a call center and selling call center services, for instance, are two whole distinct jobs.
Base Salary for Software Sales: $80,000 to $100,000
$250,000 to $1,000,000 in commissions
According to Gaffney, successful salespeople in the high-end software sector know how to combine consultative sales with the ideal amount of arm-twisting.
You need a college degree plus evidence of aggression, such as participation in a varsity sport, to be hired as a junior salesperson. A major in marketing or IT will also help you get the job.
Because you are familiar with the key players in the market and the technical and functional details of the program, if you are employed in a sector that uses software, you may be able to transition into sales at some point in your career. If you want them to glance at you, you’ll still need to have an assertive demeanor, according to Gaffney.
Development of a new business Base salary: $150,000
Commissions: No cap
If you enjoy taking chances, think about using your MBA to pitch startups as a business development director. You’ll need to be an expert negotiator and be able to explain complex concepts to people who aren’t technically inclined. The remuneration frequently includes stock options that you can exercise if the business is successful. According to Sekandi, “a lot of startups don’t make it past the three- to five-year mark.” You’ll be a billionaire if your bet pays out. You’ll be looking for a new job if it doesn’t.
Sales of Telecommunications pay: between $70,000 and $100,000
$100,000 to $200,000 in commissions
You can advance into a high-paying sales position by pitching large corporations on telecommunications products like network or security services. Begin by pitching cable services to companies. Then, by networking with the appropriate people, if you’re assertive and well-groomed, you can move into network or security services, according to Gaffney. Look to connect with the sales managers of national account organizations.
Although the responsibilities of a sales job vary widely, the primary function remains the same: making sales. This is the basis of the profession, and its success relies on sales people. They are the ones who ensure that companies grow and become more profitable. Sales representatives must have strong communication and influencing skills in order to achieve this goal. However, some sales careers require more technical skills than others. The best paying jobs in the field may not be as glamorous as the ones in the tech industry, but they are highly rewarding.
If you’re a strong communicator and aren’t intimidated by competition, the highest-paying sales jobs can be very lucrative. These positions can also be fast-paced and require high levels of competitiveness. To increase your chances of landing a high-paying sales position, practice answering common interview questions. You can use these questions to sell yourself to the hiring manager. And don’t forget to practice on your own!
The top-paying sales position is the account management position at Amazon Web Services. Account managers at Amazon are responsible for selling cloud services to global enterprises. Amazon Web Services is among the most profitable companies and has reported an impressive 40% YoY growth for their fourth quarter fiscal year. This company is growing fast, as it has already reported a $18 billion revenue increase last quarter. If you’re thinking about a career in sales, consider a Salesforce or AWS rep position.
While cold-calling and presenting to clients are traditional parts of sales, inbound sales is becoming more popular. Sales reps need to connect with prospects and help them move their leads along. These jobs also require good leadership skills and push to meet sales quotas. However, these tasks can be rewarding. And most salespeople enjoy the satisfaction of making long-term relationships with clients. So if you’re looking for a challenging job, a sales rep position might be just what you’re looking for.
A sales job requires confidence and an ability to read people. A person must be confident enough to overcome rejection and win the trust of clients. While some sales jobs require hard work, the huge paychecks make it all worthwhile. A salesperson’s success can lead to a wide range of career options, from customer service to marketing. You’ll have many opportunities for growth if you have the drive and ambition. It’s also an excellent career option.
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