While the territory manager salary is generally a high one, your total salary will naturally depend on the type of business you're in and how well you perform. For example, territory managers in the insurance business could make up to $85,667 annually. Insurance is a hot industry, especially in today's health- conscious world. However, territory managers in the tobacco industry only average around $47,437 annually. The good thing about this type of job is that it is performance based, so the pay is really up to you!