Sales Manager Overview Sales Managers are not only in charge of the management of a store, they are also in charge of ...
Sales Manager Overview
Sales Managers are not only in charge of the management of a store, they are also in charge of planning the movement and distribution of a product. They do much more than give orders to sales associates. Their jobs entail doing everything from analyzing sales statistics and establishing quotas and goals to setting up training programs for sales associates. They also monitor customer preferences and inventory. Because Sales Managers are responsible for managing a team of people and interacting with the public, they are expected to have good communication skills and be apt decision-makers as well. Similar sales jobs include positions such as retail sales manager.
Sales Manager Education Requirements
Typically, the educational requirement to be a Sales Manager is a Bachelor's Degree in Business Administration and Management, Consumer Merchandising Management, Marketing or other related field. Although some individuals work their way up to the position of Sales Manager through experience and with only a high school diploma, in today's modern world where more value is placed upon education, employers generally prefer candidates who have at least a bachelor's degree to be Sales Managers. With a bachelor's degree, candidates may have less than five years of experience to qualify for a position as a Sales Manager.
Sales Manager Job Market
The job market for Sales Manager positions is projected to rise by approximately 8 percent from 2012 through 2022. Statistical data suggests that approximately 106,900 job openings will arise in the Sales Management field each year due to growth of businesses and net replacement. Therefore, obtaining employment in Sales Management seems to be promising for those who are qualified.
Sales Manager Salary
Sales Managers' median percentile earns approximately $105,260. The highest percentile earns as much as $216,300 annually and tends to work in securities and commodity exchanges. Other high-paying industries for Sales Managers include financial investment companies, financial pools, funds and apparel, piece goods and notions merchant wholesalers. The industries that employ the most Sales Managers are the beer, wine and distilled alcoholic beverage industries, automobile dealers and wholesale electronic markets.