There are many different types of account managers to choose from and the amount of money you make will be determined by a variety of factors, one of which is your knowledge of accounting regulations. This article will discuss the average salary that an account manager should make based on his or her education and experience in the field.
The first thing to understand is the basic concept of how salaries are paid for certain positions. While there is not a national association for accounting jobs, most accounting jobs will be paid by a commission. This means that the more you make, the more they pay you.
A portion of your earnings are tax deductible, which means that if you have one of these positions, then your earnings will be taxed as income. In order to get this money back, you will have to file IRS forms and statements in order to figure out how much you should be paying back to the government. A good rule of thumb is to pay at least ten percent of your earnings to the government, which should give you enough to cover any taxes that you owe.
Education is another basic factor in determining an account manager salary. For example, someone with a Bachelors degree in Accounting will make about $50K a year, while someone with an Associates degree will make about $55K. You may also have to pay a price for being a graduate with the title “Accountant,” but it shouldn’t be overly high. Some employers may also require your current job title to be “Accountant” in order to protect their investment.
Finally, there are people who work in accounting for the same or similar income levels. These are called “associate level” positions. An associate level position can earn a base salary of about $40K or more depending on their education, experience, and type of account the company is offering.
Now that you understand how much someone with an average account manager salary should make, the next step is to find an employer who is willing to pay a higher salary. Most companies will pay the top salary that they feel is fair, but they may not be willing to pay more than a few hundred thousand dollars, or even a few million. However, if you are willing to take a lower salary, then do so, as you can usually negotiate and get it reduced.
Making a decision to take a lower salary will allow you to be able to afford to buy a house, start a family, and take on more responsibilities. Even though being a manager at a large company is great, you can still learn the skills that you need and develop new ones in order to move up to higher positions. Being able to grow in this industry is one of the greatest benefits.
The company’s needs, goals, and employees are all considered when choosing your salary. By knowing the average salary you should be paid, you can find the position that best fits your financial needs.