What does an account manager do?
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Do they make good money?

Best Answer:
ok Salaries earned by account managers start at a minimum of around $35,000 a year and go up to about $75,000 a year. As they become more experienced and gain seniority, they earn more. The salary range available can vary from bank to bank. In the future, earnings of account managers will likely be based more on commissions than fixed salaries (as is currently the case). In addition to a salary, account managers usually receive benefits such as health and dental insurance, paid vacations, paid sick days, and contributions to pension plans. Many financial institutions also offer lower interest rates on loans and mortgages to their staff. Banks make money by providing services to their clients. For instance, when a bank makes a loan, sells an investment product (such as stocks, bonds, or mutual funds) or handles the bookkeeping for a company’s payroll, it charges fees for the services provided. Clients and businesses with a lot of money and banking needs are important sources of income for banks. To make sure these clients continue to do business with the bank, an account manager is assigned to personally handle all of their banking needs. One of the main responsibilities of an account manager is to help clients through the process of securing a loan. At first, this might involve analyzing a client’s financing needs to help determine what type of loan will best suit him or her. Then, the account manager helps the client to write up a loan application to be reviewed by the bank’s credit managers. If the loan is approved, the account manager’s job is far from over. To protect the bank’s interests, he or she must continue to monitor the client’s financial health. If clients have difficulty making payments, the account manager helps them work around these difficulties. If clients default on a loan, account managers will try to get the money back by liquidating their assets. Account managers also help clients with their investments. Often, this means analyzing a client’s investment portfolio and making suggestions for improvements. For example, an account manager might advise a client to sell bonds and invest in the stock market. Account managers can also notify clients of any new investment opportunities that emerge. To play the role of an investment advisor, account managers must maintain an extensive knowledge of financial products.
because i know
Answered by jacob s

account manager is a broad term. i see it as a basic sales position....exactly what it is....somebody that manages accounts...be it current clients or prospective clients.
Answered by smodes