Ritchie Bros
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Ritchie Bros
Ritchie Bros Account Executive Salary
Last 12 months
Median Base Salary
Median On-Target Earnings
Top Performer Can Earn
Salary Distribution
Percent that Attain Quota?
27%of team members typically hit their quota
Employee Sentiment on Compensation at Ritchie Bros
Frequently Asked Questions
The average base salary for a Account Executive at Ritchie Bros ranges from $60,000 to $80,000, with total on-target earnings (OTE) typically between $124,000 and $125,000. These compensation ranges vary based on experience, location, and specific territory assignment.
Ritchie Bros Account Executives are paid on a 60/40 base-to-variable split. The variable compensation is primarily tied to typical sales performance metrics like bookings, revenue, deals closed, or annual recurring revenue. Typically accelerators will kick in after achieving 100% quota attainment.
Assuming a median OTE of $125,000, Account Executives at Ritchie Bros can expect between $30,000 and $67,500 in annual variable compensation.
The median base salary for Account Executive at Ritchie Bros is $75,000 per year, which is 25% lower than the median base salary of the global salary role.
Top performer earnings for Account Executive at Ritchie Bros ranged between $300,000 and $360,000. These high achievers typically exceed quota by 130-150%, benefiting from accelerators that increase commission rates after achieving quota. The highest reported total compensation for this role last year was $293,333.
We estimate the typical annual quota for Account Executive at Ritchie Bros is approximately $625,000, which follows the common industry standard of roughly 5x on-target earnings (OTE).
The average deal size is $205,000. At that rate, a Account Executive needs to close approximately 3 deals per year to reach the typical $625,000 quota.
Roughly 27.0% of Account Executives at Ritchie Bros hit or exceed their annual quota, earning at least $50,000 in variable compensation; those below quota earn proportionally less.
The average sales cycle for a Account Executive at Ritchie Bros is approximately 70 days from first conversation to closed-won.
Percent that Attain Quota?
27%of team members typically hit their quota
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Avg. deal size
$205,000
Base variable split?
60% / 40%
Product - Market Fit?
3.9
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Frequently Asked Questions
The average base salary for a Account Executive at Ritchie Bros ranges from $60,000 to $80,000, with total on-target earnings (OTE) typically between $124,000 and $125,000. These compensation ranges vary based on experience, location, and specific territory assignment.
Ritchie Bros Account Executives are paid on a 60/40 base-to-variable split. The variable compensation is primarily tied to typical sales performance metrics like bookings, revenue, deals closed, or annual recurring revenue. Typically accelerators will kick in after achieving 100% quota attainment.
Assuming a median OTE of $125,000, Account Executives at Ritchie Bros can expect between $30,000 and $67,500 in annual variable compensation.
The median base salary for Account Executive at Ritchie Bros is $75,000 per year, which is 25% lower than the median base salary of the global salary role.
Top performer earnings for Account Executive at Ritchie Bros ranged between $300,000 and $360,000. These high achievers typically exceed quota by 130-150%, benefiting from accelerators that increase commission rates after achieving quota. The highest reported total compensation for this role last year was $293,333.
We estimate the typical annual quota for Account Executive at Ritchie Bros is approximately $625,000, which follows the common industry standard of roughly 5x on-target earnings (OTE).
The average deal size is $205,000. At that rate, a Account Executive needs to close approximately 3 deals per year to reach the typical $625,000 quota.
Roughly 27.0% of Account Executives at Ritchie Bros hit or exceed their annual quota, earning at least $50,000 in variable compensation; those below quota earn proportionally less.
The average sales cycle for a Account Executive at Ritchie Bros is approximately 70 days from first conversation to closed-won.