Wages & Outlook
Wages vary by the manager's level of responsibility, experience, and education. The size and location of the firm as well as the product sold also affect wages. In addition, the size of the manager's territory affects wages. Managers who are successful may earn bonuses.
Full-time sales managers usually receive benefits. Typical benefits include sick leave, paid vacation, and health insurance. In large companies, managers may also receive a retirement package.
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In Minnesota, about 7,722 sales managers work in this medium-sized occupation.
Sales managers work in almost every industry.
- Retail trade companies
- Wholesale trade companies
- Finance and insurance agencies
As the economy grows, businesses will increase their focus on new sales. Growth is expected to be stronger for sales managers who sell to businesses instead of consumers. This is because the rise of online shopping has reduced the need for sales calls to consumers.
The outlook for sales managers varies by industry. The state of the economy also affects sales managers. When it is weak, people buy fewer goods and services. During these periods, the number of jobs for sales managers drops.
Strong competition is expected for jobs because other managers and highly experienced professionals often seek these jobs.
|Seven County Mpls-St Paul, MN||7,543||8,154||611||8.1%|