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Marketing Managers picture    Marketing Managers image

Marketing Managers

Marketing managers plan, oversee and coordinate the marketing of a company's products and/or services. A marketing manager also identifies markets for a companies goods and/or services. Those in marketing management positions estimate the demand for products ands services provided by their employer and their competitors.

A marketing manager establishes marketing goals. They also study market trends and evaluate the need for new products and services. Marketing managers develop price strategies with the objective of maximizing a companies profits or market share.

Marketing analysis involves reviewing research data. To collect research data they utilize techniques such as focus groups, statistical surveys, test markets and on-site observation. Marketing analysis often includes the topics of customer analysis, competitor analysis, collaborator analysis, company analysis and analysis of the industry context.

They analyze the financial elements of product development, including budgets, research and development, appropriations expenditures, profit-loss projections and return on investment.

A marketing manager need to balance the company's goals and customer satisfaction while developing price strategies. Those in marketing management positions also hire and train employees, provide assignments and evaluate employee performance.

Some of the common job titles are vice president of marketing, marketing director, marketing coordinator, commercial lines manager, market development manager and product/brand manager.

Responsibilities

  • Design and manage a company's advertising and promotion activities
  • Develop and manage marketing plans
  • Research, evaluate and monitor technological, financial and demographic factors
  • Consult with outside advertising agencies regarding ongoing advertising campaigns
  • Perform marketing surveys for new products and new product concepts
  • Collaborate with artists and writers and oversee copywriting, design, layout, paste up and the production of promotional materials
  • Create and recommend pricing strategy
  • Analyze market reactions to advertising campaigns, product packaging and merchandising policies
  • Offer recommendations for the basic structure and organization of the marketing group
  • Develop marketing activity reports

Job Characteristics

Marketing managers work in an office setting and often work more than 40 hours per week. Travel may be required. They need to have good management and interpersonal abilities. They should also have the ability to communicate persuasively in person and in writing. A marketing manager benefits from having good organizing and motivational skills.

A marketing manager needs to effectively present information to high level managers and public groups. Having good creative thinking ability and being skillful at analyzing data are helpful assets for the job.

Employment Outlook

The projected employment growth rate for marketing managers from 2006 to 2016 is 14%. In 2008 the median annual wage for marketing managers was $108,580. In addition, market management jobs exist in virtually every industry.

Education, Certification, and Licensing

Many employers seek candidates with a bachelor's degree in business administration with an emphasis on marketing. A master's degree with a specialization in marketing is preferred for some positions. However some employers do not require a degree for the position. Employers often require several years of work related experience. Sales experience is beneficial.

Classes in management, business law, economics, finance, accounting, statistics and mathematics are useful for the occupation. Also, an internship while the candidate is attending school is very beneficial.

Some marketing management positions require post-secondary education that is related to the type of product or service that the company offers. In high-tech industries a bachelor's degree in engineering or science combined with a master's degree in business administration is often preferred by employers.

Resources

Major Employers

According to the Bureau of Labor Statistics the major industries for employment are management of companies and enterprises; management, scientific and technical consulting services; computer systems and design and related services; depositary credit intermediation; architectural, engineering and related services; and insurance carriers.

Other industries for employment are wholesale trade, retailers, market research organizations and advertising agencies, service sector businesses, and manufacturing.

Schools for Marketing Managers are listed in the Browse Schools Section.

Metro Areas Sorted by Total Employment for
Marketing Managers

Listed below are the 10 largest metro areas based on the total number of people employed in Marketing Managers jobs , as of 2016

     
Metro Area Total Employment Annual Mean Salary
Los Angeles-Long Beach-Anaheim 10,550 $146,440
San Francisco-Oakland-Hayward 8,710 $182,710
San Jose-Sunnyvale-Santa Clara 6,440 $201,380
Atlanta-Sandy Springs-Roswell 6,270 $137,180
Seattle-Tacoma-Bellevue 5,040 $147,030
Phoenix-Mesa-Scottsdale 3,950 $118,280
Dallas-Fort Worth-Arlington 3,770 $145,230
Miami-Fort Lauderdale-West Palm Beach 2,760 $126,910
San Diego-Carlsbad 2,620 $152,350
Houston-The Woodlands-Sugar Land 2,610 $166,830

Compare Total Employment & Salaries for Marketing Managers

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Total employment and salary for professions similar to marketing managers

Career Stories (Job Profiles) for Marketing Managers

To find out more about building a career as Marketing Managers, we spoke with professionals in the field across a variety of specialties. Learn about their experiences on the job, the steps they took to complete their education, and what it takes to excel in this industry. Click the link to see a story.

All Types

Source : 2016 Occupational Employment Statistics, Bureau of Labor Statistics, U.S. Department of Labor, BLS.gov

Most Popular Industries for
Marketing Managers

These industries represent at least 1% of the total number of people employed in this occupation.

Industry Total Employment Percent Annual Median Salary
Professional And Technical Services 32,230 19% $116,150
Business Management 22,580 13% $115,650
Electronics And Computer 9,770 5% $123,790
Banking And Credit 8,610 5% $103,300
Office Services And Staffing 7,500 4% $89,460
Insurance 7,290 4% $102,730
Durable Goods Wholesale 7,250 4% $116,940
Securities And Investment 6,910 4% $128,670
Traditional Publishing 6,280 3% $118,000
Non-durable Goods Wholesale 3,470 2% $121,070
Chemicals 3,440 2% $118,640
Machinery 3,130 1% $102,150
Nursing And Residential Care 2,810 1% $57,360
Education 2,690 1% $78,500
Telecommunications 2,660 1% $113,730
Miscellaneous Manufacturing 2,560 1% $105,940
Real Estate 2,330 1% $88,180
Construction 2,160 1% $89,780
Online Wholesale 2,040 1% $113,570
Internet Service Provider 1,780 1% $115,730
Movie And Music 1,720 1% $147,080
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Results:  10
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  • Business Administration - Marketing Specialization (MBA)
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  • A.S. in Marketing
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  • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
  • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
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  • MS in Marketing: Sports Marketing and Media
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  • Master of Business Administration: Marketing
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  • Marketing - PhD in Bus. Admin.
  • Marketing - D.B.A.
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  • Ranked among the Best Online Bachelor's Programs in 2014 by U.S. News & World Report.
  • Implements a one-to-one teaching model, partnering one student with one faculty member in each course.
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Programs
  • Master of Business Administration – Marketing
  • Master of Business Administration
  • A top Catholic university, SHC has guided students in mind, heart & spirit since 1856
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  • Seton Hall offers more than 17,000 internship opportunities to choose from
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  • Master of Business Administration, MBA - Marketing
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  • Provides a Department of Student Services and Resources that assists students with résumé preparation, interviewing skills coaching, mock interviewing, professional development workshops, and more.

We have some additional detailed pages at the state level for Marketing Managers.

Numbers in parentheses are counts of relevant campus-based schools in the state; online schools may also be available.

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