Sales representatives can reach their dream of a six-figure income if they can land one of the highest paying sales jobs. Sales is a unique field because it rewards skill and personality over education. Even though people need to attain certain degrees to get some of the top jobs in sales, there are some that can be done without college degrees. A sales job is about passion and dedication. Those who are lazy or do not have persuasive language can not make it in this field.
The outstanding advantage of sales over other types of jobs is that an individual earns according to his or her efforts. Besides the base salary, representatives can earn commissions on the number of sales made. These are the top sales jobs.
1. Commodities, Securities and Financial Services - Sales Agents
According to the Bureau of Labor Statistics, the highest paying sales jobs are those for agents in the financial sector. Their duties include selling commodities and securities to businesses, investment firms and individuals. Those in this field earn an average annual salary of more than $99,000. This field is quite sustainable because many people are having some extra cash to invest, and there is enough information available in this area making it almost the first choice for many people.
A majority of those who work in this field hold bachelor’s degrees, with less than 10 percent having a high school education. So to enter into this lucrative field, a college education is almost essential.
2. Sales Engineers
This is one of the highest paying sales jobs available today. The reason being, it involves a unique blend of sales skills and technical knowledge, a very rare combination. Sales engineers sell engineering equipment. Selling engineering equipment requires those with a background in engineering so they can give professional advice to the buyers.
To be a sales engineer, you need to have at least a bachelor’s degree, usually in an engineering field. This will prepare you for selling engineering-related products and services. The average annual salary for sales engineers is about $97,000.
3. Sales Representatives, Technical and Scientific Products, Wholesale and Manufacturing,
Sales representatives who sell products for manufacturers and wholesalers require a level of technical knowledge in the area in which the products fall. They are like sales engineers. The representatives of these products must therefore have education in chemistry, biology or electronics.
Sales reps in these areas typically need at least a two-year associate degree with a strong grasp on the knowledge learned. But bachelor’s degree is better and will make earnings potential be higher. The average annual salary is about $86,000.
4. Real Estate Brokers
These are people who oversee transactions in real estate and sell or rent properties. Real estate brokers are the highest paying sales jobs that do not require any sort of college degree. It only requires a high school diploma or GED. The building industry is very stable and is even expanding. That is why many people look for work in this industry.
However, those who want to venture into this field must pass a licensing examination and must have worked as a licensed real estate sales agent for a certain period of time, typically one to three years. Their average salary is $84,000 per annum.
5. Supervisors of Non-Retail Sales Workers
First-line supervisors work directly above sales workers in non-retail industries. They supervise and coordinate workers while doing budgeting or accounting work. The job requires a high school diploma or equivalent for entry-level work. A bachelor’s degree is helpful to secure a position, especially since these positions are growing in availability at a slower rate than other jobs. They earn an average annual salary of over $82,000.
The sales jobs listed are those that you have potential to land. Some do not require bachelor’s degree and can be done just by having high school diploma. Nearly all can be done by those having bachelor’s degree, though some require some level of specialization.
Some high paying sales jobs are specialized and require salespeople to have advanced degrees. For example, Contact Research Organizations sales reps need master’s degrees. When pharmaceutical companies develop new devices or drugs, they contract out clinical testing to CROs to send the drug or device through the Food and Drug Administration’s approval process. Another one is the Bioinformatics Sales reps who sell data solutions within the life sciences field and work in big companies like Array Genetics, Geneva Bioinformatics and BioDiscovery.
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