New Business Specialist Salary
New Business Specialist Salary – At Bain & Company, entry-level consultants can earn up to $120,000 a year, while senior ones have salaries up to $230,000 (bonuses and profit sharing included). The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000.
This incredibly high salary is one of the main attractions of Bain, like any other major consulting firm. In this article, let’s find out and compare Bain salaries in different positions in 12 countries.
New Business Specialist Salary
Bain Associate Consultants in the United States can make up to $122,500 annually, with $90,000 from base salary, $22,500 from bonuses, and $10,000 from shared profits. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included).
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(Profit Sharing is not counted in this table due to inconsistent data; one-off/irregular payments such as signing bonus and relocation are not included)
Bain Consultants in the United States can make up to $226,500 annually, with $165,000 from base salary, $41,500 from bonuses, and $20,000 from shared profits. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included).
Bain Associate Consultants in the United States can make up to $242,000 annually, with $175,000 from base salary, $37,000 from bonuses, and $30,000 from shared profits. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included).
Bain Principals and Partners in the United States can make up to $1,000,000 annually, with $400,000 in base salary, and $600,000 in bonuses. At McKinsey, the salary for entry-level consultants (Analysts ) ranges from $90,000 to $110,000 per year, while the figure for Associates at the MBA/experience level can go up to $233,000. Engagement Managers typically earn around $250,000, while the Partners and Directors can earn up to $ 1, 300, 000.
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Those six-figure salaries are a major point of attraction for the best and brightest candidates out there, and also the reason you’re reading this article; so let’s find out how much McKinsey pays its consultants in 12 different countries.
McKinsey Analysts in the US can earn up to $100,000 a year in salary, with a base $88,000 and a $15,000 performance bonus. In other developed countries, the salary ranges around $80,000, while in developing nations like India, the number is roughly $25,000-$30,000 (profit sharing not included).
(Profit Sharing is not counted in this table due to inconsistent data; one-off/irregular payments such as signing bonus and relocation are not included)
McKinsey Associates in the US can earn up to $200,000 a year in salary, with a $168,000 base and $35,000 performance bonus. In other developed countries, the salary ranges between $110,000 to $140,000, while in developing nations, the number is roughly $40,000-$50,000 (profit sharing not included).
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McKinsey Engagement Managers in the US can earn up to $250,000 a year in salary, with a $175,000 base and $77,000 performance bonus. In other developed countries, the salary ranges between $170,000 to $200,000, while in developing nations, the number is approximately $80,000 to $100,000 (profit sharing not included).
McKinsey Partners and Directors in the United States can earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus. It’s no secret that experienced sales representatives can earn a lot of money. But what about entry-level sellers? Can a salesperson fresh out of college earn a ton of cash in sales, and if so, at what companies?
Analyzed over ten thousand compensation data points to find which companies and roles offer the highest paying entry-level sales opportunities.
We ranked the best entry-level sales jobs with the highest average total compensation package, which is based on the sum of base salary, 100% quota commission, and signing and the stock bonus.
Business Specialist Salary Apple
There are several different ways you can find yourself landing one of these top income sales jobs. Some of the best ways to get in include employee referrals, networking with the hiring manager, and connecting with recruiters. Make sure your resume is tailored to sales roles and your LinkedIn profile lists your relevant skills and experience. Regardless of which method you follow, you will need patience and persistence due to the high volume of candidates applying for these coveted jobs.
An entry-level salesperson typically starts in a role known as a sales development representative, also known as an SDR (note: other companies may refer to an SDR as a BDR, MDR, ADR, DGR, etc.). Typical day-to-day job responsibilities of an SDR include cold calling, cold emailing, social selling via LinkedIn, and market and customer research for the Account Executive team. The main objective of the SDR role is to source qualified opportunities for the Account Executives that the SDR supports. In layman’s terms, this means setting up as many relevant meetings as possible for the Account Executive. Successful SDRs generally move up into an SMB Account Executive role after 1-2 years, which can pay more than $150,000 per year in some companies.
The following entry-level sales jobs require no sales experience. Our data shows that most of the people in these jobs have 0-2 years of experience.
The AWS Demand Generation Representative role, also known as an Associate Account Executive or Lead Development Representative at AWS, is the highest paid entry-level sales job in -United States. The huge median signing and stock bonus of $46,000 and generous base salary of $74,000 makes it easy for AWS Demand Generation Reps to top this list.
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AWS Demand Generation Reps are responsible for building a quality pipeline and sending quality leads to Account Managers who end up closing deals. You will work within a defined list of accounts to generate qualified leads through cold calling and cold emailing specifically for AWS cloud services platform solutions. The DGR will not have much issue setting up quality meetings due to AWS’s stellar reputation in the cloud market.
Like all other big tech companies, AWS sales training is top notch and geared toward setting you up for a long-term sales career. If you are successful in this role, you can move into a closing role as an account manager, where you can earn upwards of $500,000.
Google Cloud Customer Development Representatives earn the third highest median base salary of all entry-level sales jobs in the US, but due to solid commission and signing potential plus stock bonus they rank second overall on our list.
CDR’s in Google Cloud lead the charge on prospecting out to potential customers who may be a good fit for the growing Google Cloud cloud platform. Your work will involve calling out, emails, and contacting on LinkedIn.
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Google Cloud, based in Mountain View, CA, has CDR’s located in New York City, Austin, and other major technology centers.
Google Cloud Account Executives are some of the highest paid in the Sales Tech industry, which is the next step for a high performing CDR.
LiveRamp’s Sales Development Representatives rank number three on our list of the best entry-level sales jobs for 2022. The role offers the highest median commission potential of $55,000 to meet your annual goal.
LiveRamp Sales Development Representatives (SDR’s), cold call and cold email companies to drive interest in LiveRamp’s data connectivity platform. When they have developed a strong enough lead, the SDR will pass the lead on to the LiveRamp Account Executive they are aligned with and the Account Executive will close the deal.
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LiveRamp, headquartered in San Francisco, has Sales Development Representatives located in both San Francisco and New York City.
If the $118,000 entry-level compensation package isn’t a strong enough incentive for you, if you’re promoted to a LiveRamp Account Executive role you could earn over $300,000.
Sales Development Representatives at Lacework see an average total compensation package of $107,500, which ranks them 4th overall on the list.
Lacework’s Sales Development Representatives (SDR’s) are paid by Lacework to consistently bring in Account Executive leads who are interested in the company’s upcoming cloud security platform . To find these moves, you’ll be tasked with a phone and email search abroad.
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Lacework’s SDR program is an excellent starting point for anyone interested in cloud cybersecurity, and top performers from the program will move on to lucrative account executive roles.
Zoom, the video conferencing giant, offers the fifth highest paid entry-level sales job with its Business Development Representative role. The generous signing and stock bonus puts Zoom’s entry-level role as the fifth best on our list for 2022.
As a Business Development Representative at Zoom, headquartered in San Francisco (although BDR roles exist in other offices such as Denver, CO), you will be required to find and qualify leads for the video conferencing platform and hand them over to the Account Executives who will finish the sales cycle. To find these leads, you will be responsible for both inbound and outbound cold prospecting
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