The Average Salary of Assistant Account Executives
Assistant account executives create, handle and maintain account information for a business or organization. They assist senior or mid-level account executives in recruitment of customers. Assistant account executives work in fields such as banking, brokerage firms (financial and non-financial), real estate investment firms, technology and sales and marketing corporations.
The Position
Assistant account executives traditionally work under the supervision of an account manager or senior account executive. The assistant account executive's responsibility is to engage customers concerning new, existing or overdue accounts. Many assistant account executives market financial products or services to individual or corporate clients. Many assistant account executives make up to 10 percent residual income on sales that lead to long-term accounts.
Outlook and Growth Percentage
According to the U.S. Bureau of Labor Statistics, the job outlook for assistant account administrators is expected to grow 12 percent annually until the year 2016. The Internet provides a way for assistant account executives to handle accounts by telecommuting or working from home, which means there is more opportunity for employment. Internet assistant account executives are usually paid by the hour.
Salary Levels
Salary levels depend on various factors. According to the 2009 Department of Labor occupational handbook, salary levels vary for assistant account executives. Traditionally, positions in a large metropolitan statistical area (MSA) tend to pay more than positions in rural areas. Factors also taken into consideration are length of service, education, certification and size of the firm or businesses.
Salary and Commissions
The 2008 Occupational and Wages report states the median average hourly wage of an assistant account executive is $22.64 and the annual salary wage is between $36,000 to 45,000. The report also shows the larger corporations hire assistant account executives at a higher salaried rate than smaller companies or businesses; however, small companies provide larger bonuses and commissions for assistant account executives.
Geographical Information Concerning Salaries
Assistant account executive job positions are found all over America, but statistics from the Department of Labor show that most metropolitan cities on the East Coast offer higher salaries to assistant account executives. For example, New York is a major financial hub of the United States, and because the cost of living index is higher than the national average, assistant account executives can obtain a starting salary of $52,000.
The same position in the southern part of the United States, in a city like Charlotte, North Carolina, starts off at $38,000.
Career Considerations
Even though assistant account executives are a broad career field, an individual seeking employment as an assistant account executive should ensure they have the right motivation to handle the work. Many positions in the career field come with pressure to manage accounts and portfolios while constantly communicating with customers and management.
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