How much does a Territory Manager make?
The role of a Territory Manager offers a competitive salary that aligns with the responsibilities and skills required in this position. On average, a Territory Manager earns about $96,101 per year. This figure can vary based on experience, location, and industry. Entry-level managers often start with salaries on the lower end of the spectrum, but as they gain more experience and improve their performance, they can see significant increases.
A detailed breakdown of salary distribution reveals the following insights: the lowest-earning 10% of Territory Managers make around $50,000 annually. About 24% earn between $87,132 and $99,509 each year. The highest earners, making up the top 10%, earn over $161,395 per year. This range highlights the potential for growth and the impact of experience and performance on earnings.
What are the highest paying cities for a Territory Manager?
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Washington, DC
Average Salary: $121,848
In Washington, DC, professionals can expect a dynamic environment. They will build strong relationships with key accounts. The city offers many opportunities in government and technology sectors.
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Denver, CO
Average Salary: $113,248
Denver provides a vibrant market for sales managers. The strong economy and focus on outdoor activities create a unique atmosphere. Companies here value growth and community engagement.
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San Francisco, CA
Average Salary: $112,646
San Francisco is a tech hub with many opportunities. Professionals will work with cutting-edge companies. Networking and innovation are key in this fast-paced city.
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San Jose, CA
Average Salary: $111,196
San Jose offers a thriving tech scene. Professionals will engage with leading firms. The city’s culture values creativity and entrepreneurship.
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Columbus, OH
Average Salary: $103,739
Columbus provides a balanced approach to sales. The city is growing and offers a mix of industries. Companies here focus on stability and growth.
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Seattle, WA
Average Salary: $102,052
Seattle's market is diverse and vibrant. Professionals will work with tech giants and innovative startups. The city values sustainability and community.
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Richmond, VA
Average Salary: $99,675
Richmond offers a blend of history and modernity. Professionals will find a supportive business environment. The city’s growth is steady and encouraging.
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Miami, FL
Average Salary: $98,839
Miami provides a lively market with a diverse business landscape. Professionals will engage with a mix of industries. The city’s warm climate and cultural diversity create a unique atmosphere.
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San Diego, CA
Average Salary: $97,646
San Diego offers a vibrant and growing market. Professionals will work in a beautiful setting. The city’s strong economy and quality of life attract many businesses.
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Sacramento, CA
Average Salary: $97,087
Sacramento provides a stable market with opportunities in government and education. Professionals will find a supportive business environment. The city's growing economy offers many possibilities.
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What are the best companies a Territory Manager can work for?
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Nationwide Mutual Insurance Company
Average Salary: $169,902
Nationwide Mutual Insurance Company offers Territory Manager jobs across the United States. These roles involve selling insurance products and maintaining relationships with clients. Candidates often manage a specific geographic area, ensuring client needs are met. Nationwide emphasizes customer service and innovative solutions.
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Biogen
Average Salary: $158,730
Biogen provides Territory Manager jobs that focus on pharmaceutical sales. These roles span several regions in the U.S. and involve promoting Biogen’s products to healthcare professionals. Territory Managers work to understand market needs and build strong professional relationships.
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Teleflex
Average Salary: $135,294
Teleflex offers Territory Manager positions in medical device sales across the country. These roles require visiting healthcare providers to promote Teleflex products. Territory Managers need strong communication skills and a deep understanding of medical technology.
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Dexcom
Average Salary: $131,681
Dexcom’s Territory Manager jobs focus on selling continuous glucose monitoring systems. These positions are available nationwide, with a focus on improving diabetes care. Candidates work closely with healthcare professionals to demonstrate product benefits.
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Liberty Mutual Insurance
Average Salary: $129,760
Liberty Mutual Insurance provides Territory Manager roles that involve selling various insurance products. These jobs are located throughout the U.S. and require understanding customer needs and providing tailored insurance solutions.
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Berkshire Hathaway GUARD Insurance Companies
Average Salary: $116,092
GUARD Insurance Companies, part of Berkshire Hathaway, offers Territory Manager positions across several states. These roles focus on selling life and health insurance. Candidates build and maintain relationships with clients to ensure they have the right coverage.
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Farmers Insurance Group
Average Salary: $106,535
Farmers Insurance Group offers Territory Manager jobs that involve selling insurance products to individuals and businesses. These positions are available in many areas across the U.S., requiring strong sales skills and customer service focus.
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NeurOptics
Average Salary: $105,294
NeurOptics provides Territory Manager jobs in the medical device sector. These roles focus on selling ophthalmic devices to healthcare providers. Positions are available in key locations, with a need for in-depth product knowledge.
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Stryker
Average Salary: $100,208
Stryker offers Territory Manager jobs in the medical device industry. These roles focus on selling surgical and medical equipment. Positions span several regions, requiring strong sales and relationship-building skills.
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BD
Average Salary: $96,798
BD provides Territory Manager jobs in the healthcare sector, focusing on medical supplies and equipment. These roles are available in various locations, requiring knowledge of medical technology and customer service.
How to earn more as a Territory Manager?
To increase earnings as a Territory Manager, it helps to focus on several key areas. These strategies require dedication and skill but can lead to higher pay and better job satisfaction. With the right approach, a Territory Manager can enhance their performance and achieve greater financial rewards.
First, developing strong relationships with clients is crucial. Building trust and rapport helps in securing repeat business and referrals. Next, managing time effectively allows for better coverage of the territory and more sales opportunities. A well-organized schedule ensures that each client receives attention and that no potential sale is overlooked. Third, continuous learning about products and industry trends keeps skills sharp and knowledge current. Attending training sessions and workshops can provide new insights and techniques. Fourth, setting clear and achievable goals helps track progress and stay motivated. Regularly reviewing and adjusting these goals can lead to better performance. Lastly, staying updated on market conditions and competitor activities ensures a competitive edge. Being aware of what others are doing allows for strategic planning and informed decision-making.
Consider these factors for increasing earnings:
- Build strong client relationships.
- Manage time effectively.
- Continuously learn about products and trends.
- Set clear and achievable goals.
- Stay updated on market conditions.
