How much does a Chief Sales Officer make? Are you aware of it or you’re just ignoring it? The national average salary of a Chief Sales Officer is higher than what we think of. Let’s find out.
An Overview of Chief Sales Officer
The Chief Sales Officer (CSO) is the top executive of the sales department. They are responsible for achieving the sales targets set up by the company.
The CSO is responsible for achieving the sales target set by the company. And they should be knowledgeable in marketing, accounting, finance, operations, data science, and business development.
Moreover, they have to hire the right people for this job and should be very persuasive. The CSO should also know how to negotiate with the suppliers and other people that are related to the sales of products or services.
The CSO is similar to Chief Executive Officer (CEO) but they are not equal because of their different responsibilities. The CEO is responsible for the overall performance of the company whereas the CSO focuses on improving sales performance.
The CSO usually reports to the Chief Executive Officers or Vice President of Sales or President of Business Operations. The CSO should also report to the Chief Financial Officer (CFO) because he/she will be informed about how profitable his/her team is.
Responsibility of a Chief Sales Officer
A CSO is responsible for making sure that his company achieves its set sales target. But there are many things that a CSO has to do before achieving those goals.
A Chief Sales Officer has to search for new customers and make sure that those customers are happy with what they have bought from your company. They have to make sure that there are no problems with delivery time and product quality as well as make sure that those customers can use those products properly.
Further, making sure that the company’s clients will come back again if they want something else from your company.
A CSO has to search for new clients all the time. Because it’s important for his/her team’s performance as well as for its growth in terms of revenues and profits.
How Much Does a Chief Sales Officer Make?
The average salary of a Chief Sales Officer is $170,436 annually. The hourly wage of a CSO ranges from $61 up to $97 hourly.
The median income of a CSO is $100,000 per year whereas the lowest 10% earns less than $57,000 per year and the highest 10% earns more than $201,000 per year. This means that they earn more than twice as much as the lowest 10%.
According to research conducted by BLS (Bureau of Labor Statistics), sales managers earn an average salary of $96,800 per year which means that CSO gets paid more than them due to his/her management role and responsibilities and expertise in sales and marketing fields.
In conclusion, a Chief Sales Officer’s salary is higher than the national average because he/she has to do more tasks and responsibilities to achieve the sales target set by his company.