Account Manager: Who They Are, What They Do, and How Much They Earn

Account Manager: A Key Figure in the Business World

Among the most popular and in-demand professions out there, you can find that of the account manager.
This is indeed one of the most sought-after jobs in 2024, and there are numerous companies willing to hire professionals in this role.

What Does an Account Manager Do?

The account manager is a key figure within a company’s organization.
They are constantly in direct contact with clients, suppliers, and project managers.
The account manager is responsible for both internal relationships among different areas within the company and external relationships with clients, utilizing their communication, marketing, and image skills in the best interest of their employer.

Understanding the needs of the individuals they interact with, the account manager does their best to meet those needs, all for the benefit of the company.
This role has evolved from a simple intermediary between clients and the company to a more multi-faceted position, actively participating in business strategies and analyzing available data to identify areas for improvement.

Roles Related to Account Manager

Roles related to the account manager include Client Account Manager, Account Leader, Business Account Manager, and Account General Manager.
Each of these positions has specific responsibilities but shares similarities and complements each other.

How to Become an Account Manager?

Becoming an account manager requires a specialized educational path focusing on economics, marketing, and communication sciences, complemented by on-the-job experience.
Further studies in financial management, sales, communication, and marketing are also recommended for a comprehensive skill set.

In addition to academic qualifications, gaining practical experience in the field is essential.
An entry-level account manager is usually considered a junior figure and is often mentored by a senior account manager to learn practical skills that go beyond theoretical knowledge.

Salary Expectations for an Account Manager

An account manager’s salary is influenced by the company, individual skills, and level of experience.
On average, a junior account manager can earn around €15,000 per year, with the possibility of higher earnings in prestigious roles.
Senior account managers, with extensive experience and notable achievements, can earn up to €60,000 per year or more in certain circumstances.

Overall, the role of an account manager is pivotal for a company’s profit and success, justifying the attractive compensation packages offered in recognition of the responsibilities and contributions associated with this profession.