The company has been compiling salary surveys since 2002, but has only been presenting the Sales Representative survey since 2011 primarily because it took them that long to come up with a survey model that they were satisfied with that fit the mix of sales representative positions within the copier industry.
More than 10,000 sales people participated in this year’s survey, including account executives, MPS/solution sales reps, senior account executives, major account managers, government account managers, and national account managers. That type of response rate paints a valid picture of what’s going on in the industry.
Here’s some of the highlights from this year’s survey:
- The average annual base pay for all job titles was $48,804. Combined with average commissions of $68,067, total average compensation is $116,871.
- Major Account Managers reported the highest average income ($131,349 annually), followed by Government Account Managers ($126,076), MPS/Solution Sales Reps ($121,859), National Account Managers ($121,546), Senior Account Executives ($118,378), and Named Account Managers ($109,689). Account Executives had an average annual income of $89,200.
- Quotas remained stable in 2015 with only tiny increases since 2014. Account Executives report average monthly quotas of $37,655, an increase of only $10 over the past year. MPS/Solution Sales Reps report average quotas of $44,998 (up $180 since 2014) and Named Account Managers report quotas of $59,112 (up $500 since 2014).
- Many dealerships have streamlined and simplified their comp plans over the past few years. However, a separate Copier Careers poll conducted earlier this year found that more than 60 percent of sales reps think there is still room for improvement.
- As a result of MPS and MNS annuities, sales reps are staying at their current jobs longer because the cost of leaving has gotten higher and as a result do not want to leave behind their recurring income streams. In addition, it appears that they are staying in the copier channel longer. A recent poll on CopierCareers.com of more than 2,800 people found that 87 percent of respondents view copier sales as a long-term career path.
- When successful sales reps do leave their jobs, it is often a response to a dealership’s inability to provide adequate service and support.