5 Highest Paying Sales Jobs of This YearJanuary 24, 2020 0 By insyncfamilies
When examining the highest paying sales jobs, I have listed them based on the job nature like long term career prospects and obviously pays high that other sales jobs. So these are not like that traditional door to door sales job.
This list I have created to point out some of the most popular and respected with the best salary sales professions in existence so that you can choose a career that fits best for you.
So let’s get into it.
01. Software Sales
The software sales industry is challenging, provides the potential for excellent compensation and has terrific benefits. Software sales compensation and companies that hire compensation in the software sales world can vary depending upon your specific role. Account executives, account managers, sales engineers, sales development representatives all get paid in different ways. The most common structure for direct sales positions or software account executives is 50/50 compensation, meaning 50% of your compensation comes in the form of a base salary and the other 50% comes in the form of variable commissions. While some entry level professionals in the software sales space might start off with compensation in the $45,000 to $60,000 based salary range with an additional 45 to 60 in variable commissions, more seasoned enterprise professionals can easily double or triple those type of earnings, according to headhunter Paul McHugh and in a recent interview. Overall, a top paying enterprise software companies like Oracle A.S.A.P, HP, Microsoft and IBM, the top 20 percenters, the 20% of salespeople in the company who consistently sell the most make $50,000 a year.
Head hunters and enterprise salespeople tell us the top 10 percenters make from the high 200s the low for hundreds and are cranking in that zone year after year, McEwan says. Mentioned in the article, their big name, software companies Oracle, SCDP, HP, Microsoft and IBM that are constantly hiring and paying top dollar for sales reps. However, compensation and growth aren’t just limited to Fortune 500 type technology companies. For even more details on this, I covered a list of companies that are typically hiring for software sales talent as well as platforms to find these types of opportunities in how and why to start a career in software sales. Long term career prospects for software sales jobs while some sales professions are become phased out by technology and automation. The demand for software sales professionals who can execute complex deal cycles continues to grow significantly. Examining long term trends and the difficulty that many companies currently face in finding and filling roles for software sales positions, I believe that the long term prospects in this industry are highly favorable towards job candidates. Medical device sales Gelb’s medical device sales jobs are coveted by many professionals for high compensation packages and the potential to truly provide value in the healthcare field. In addition to the perks of extremely competitive base salaries, bonus structures and comprehensive benefits packages, medical sales representatives can enjoy the work for a number of other reasons, according to Robin Melleuish of Med Rapscallion.
02. Medical Sales
Employees feel as though they are running their own small business. Another perk of working in medical sales is having a real opportunity to contribute to the field of health care. Medical sales representatives are educating doctors about the cutting edge of medical innovation and technology by bringing their products into hospitals and doctor’s offices. They have a tangible effect on patient care. Knowing you helped drive medicine forward every day can make a powerful impact. You did parade high pay entrepreneurial spirit and the potential to contribute actual good to society. Not a bad combination for a reason to get into medical device sales, medical device sales compensation and companies that hire as previously stated. One of the most attractive things about a career in medical device sales is competitive compensation. Let’s take Stryker, for example, a Fortune 500 medical technologies company that also happens to be on Fortune’s list of 100 best places to work. The average total compensation of a Stryker medical device sales representative is $116,000 according to Glassdoor, with base salaries ranging up to $140,000 and commissions sharing plans hitting even more than that amount in personal conversations with professionals in the medical device sales space. I’ve heard compensation ranges that can easily exceed $200,000 and range up to $400,000 to $500,000 depending upon years of experience, company, territory, products, etc..
03. Pharmaceutical Sales Jobs
Pharmaceutical sales jobs had become a popular career path for recent college graduates seeking competitive compensation packages, excellent benefits and long term growth potential due to the continued aging of the population and one can argue, the increasing obesity epidemic. The pharmaceutical and health care industry has been moving at a steady pace somewhat regardless of other macro trends because of many of the Balo reasons. Careers in pharmaceutical sales are often considered some of the best sales jobs to work in pharmaceutical sales compensation and companies that hire most commonly.
Pharmaceutical sales representatives are paid on a base salary plus bonus commission structure. For example, at a company like Pfizer, sales reps are paid a base salary between $55,000 to $125,000 per year as self-reported on Glassdoor, with additional compensation coming in the form of structured bonuses and commissions. The bonus commission plans are often vary depending upon individual and company performance. Below is information directly from Glassdoor containing the average salary for sales representatives within the most popular or largest pharmaceutical companies. Not only is this helpful in terms of understanding the type of compensation you can expect from a base salary perspective, but also some of the top companies hiring for these pharma sales rep jobs, long term career prospects for pharmaceutical sales jobs, pharmaceutical sales is sometimes discussed to be a recession proof job because there is typically a steady demand for the medicine offered in health care in general. Wall Street might crash, the bubble might pop in tech, but people will still need medicine regardless. This usually lends itself to strong long term career prospects in pharmaceutical sales, although the industry is susceptible to mergers, acquisitions and the layoffs that are associated with mergers and acquisitions. Financial sales jobs, you might have a specific image of a financial sales representative in your head. You might envision Jordan Belfort blindly cold calling and a schmuck with a phone and selling pink sheet stocks.
04. Financial Sales
Those days have largely disappeared thanks to the invention of the Internet and the ability for any layman to research stocks. But the financial sales industry is still a thriving one. Today, financial sales representatives meet with their clients to discuss new investment strategies, plus both short and long term financial goals, with the hope of providing a solution to meet their client’s needs. There’s still cold calling involved, typically to find new potential client relationships. But once a client is found, a financial sales representative needs to possess great personal skills, knowledge of the financial markets, and actually be able to match your client’s needs with a solution that can add value long term career prospects for financial sales jobs. The financial industry as a whole is rapidly becoming disrupted by fintech financial technology companies that can automate significant portions of the investment process i.e. betterment Wealthfront and personal capital. However, hiring growth is still occurring within the sector, according to the United States Department of Labor. The job outlook between 2014 and 2024 is estimated to grow at 10%. You might also take note of the median pay for securities, commodities and financial services sales agents at $77,550 per year, which is two times the national average wage, consumer packaged goods, CPG sales jobs.
05. Consumer Packaged Goods (CPG) Sales Job
A popular post-college graduate career path can be found in CPG sales, otherwise known as consumer packaged goods. As companies fight for shelf space in supermarkets and the demand for products becomes more complex, CPG sales professionals are required by some of the world’s most well-known companies. Take PepsiCo as an example. In the video linked below PepsiCo’s campus, recruiting manager Tony STF discusses why he thinks PepsiCo has some of the best sales opportunities for CPG professionals on the market. In the video, Tony details the benefits of the career, which include flexibility to move between roles in business lines, opportunities for growth, ability to gain true business to business sales experience and a structured interview process. Another company that hires in the space RB parent organization of household brands including Lysol Airwing Mucinex and many more is well-known within the space for hire. Both recent college graduates and experienced professionals, according to Arby’s sales career page. When it comes to our trading partners, our sales team is the face of Arbi from large supermarkets to smaller pharmacies and outlets, online or in-store. The key to our success is the team with a thorough understanding of stores and consumer behaviors and a strong focus on PNL. We concentrate on excellent in-store activation and consistently and speedily executing best practices.
Everywhere we sell a conclusion, there are many sales careers in which someone can make it comfortable or excellent living. However, the previous 5AA in my opinion, the best sales jobs at this point in time. Due to their high compensation, future outlook and career sustainability. If you think another position deserves consideration, then please let us know in the comment box.