Rackspace Technology
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Rackspace Technology
Rackspace Technology Mid Market Account Executive Salary
Last 12 months
Median Base Salary
Median On-Target Earnings
Top Performer Can Earn
Salary Distribution
Percent that Attain Quota?
of Mid Market Account Executives typically hit their quota here
What percent of Mid Market Account Executives hit quota at Rackspace Technology?
Approximately 34% of Mid Market Account Executives at Rackspace Technology meet or exceed their annual quota based on ratings submitted in the past year.
Employee Sentiment on Compensation at Rackspace Technology
Frequently Asked Questions
The average base salary for a Mid Market Account Executive at Rackspace Technology ranges from $80,000 to $85,000, with total on-target earnings (OTE) typically between $130,000 and $170,000. These compensation ranges vary based on experience, location, and specific territory assignment.
Rackspace Technology Mid Market Account Executives are paid on a 58/42 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 $140,000, Mid Market Account Executives at Rackspace Technology can expect between $36,000 and $81,000 in annual variable compensation.
The median base salary for Mid Market Account Executive at Rackspace Technology is $80,000 per year, which is 11% lower than the median base salary of the global salary role.
Top performer earnings for Mid Market Account Executive at Rackspace Technology ranged between $320,000 and $340,000. 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 $296,666.
We estimate the typical annual quota for Mid Market Account Executive at Rackspace Technology is approximately $700,000, which follows the common industry standard of roughly 5x on-target earnings (OTE).
The average deal size is $78,500. At that rate, a Mid Market Account Executive needs to close approximately 9 deals per year to reach the typical $700,000 quota.
Roughly 34.0% of Mid Market Account Executives at Rackspace Technology hit or exceed their annual quota, earning at least $60,000 in variable compensation; those below quota earn proportionally less.
The average sales cycle for a Mid Market Account Executive at Rackspace Technology is approximately 69 days from first conversation to closed-won.
Percent that Attain Quota?
of Mid Market Account Executives typically hit their quota here
What percent of Mid Market Account Executives hit quota at Rackspace Technology?
Approximately 34% of Mid Market Account Executives at Rackspace Technology meet or exceed their annual quota based on ratings submitted in the past year.
Explore Mid Market Account Executive Salaries
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OTE
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Salary data from 5 ratings
OTE
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Barracuda Networks
Salary data from 5 ratings
OTE
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Toshiba Business
Salary data from 6 ratings
OTE
$90,000
Avg. deal size
$78,500
Base variable split?
58% / 42%
Product - Market Fit?
2.9
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Ask a question Frequently Asked Questions
The average base salary for a Mid Market Account Executive at Rackspace Technology ranges from $80,000 to $85,000, with total on-target earnings (OTE) typically between $130,000 and $170,000. These compensation ranges vary based on experience, location, and specific territory assignment.
Rackspace Technology Mid Market Account Executives are paid on a 58/42 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 $140,000, Mid Market Account Executives at Rackspace Technology can expect between $36,000 and $81,000 in annual variable compensation.
The median base salary for Mid Market Account Executive at Rackspace Technology is $80,000 per year, which is 11% lower than the median base salary of the global salary role.
Top performer earnings for Mid Market Account Executive at Rackspace Technology ranged between $320,000 and $340,000. 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 $296,666.
We estimate the typical annual quota for Mid Market Account Executive at Rackspace Technology is approximately $700,000, which follows the common industry standard of roughly 5x on-target earnings (OTE).
The average deal size is $78,500. At that rate, a Mid Market Account Executive needs to close approximately 9 deals per year to reach the typical $700,000 quota.
Roughly 34.0% of Mid Market Account Executives at Rackspace Technology hit or exceed their annual quota, earning at least $60,000 in variable compensation; those below quota earn proportionally less.
The average sales cycle for a Mid Market Account Executive at Rackspace Technology is approximately 69 days from first conversation to closed-won.
