A career in marketing management can take a number of different forms, all of which have to do with the effective presentation and promotion of a particular product in a way that is calculated to increase public interest, desire and ultimately the purchase of that product. Internships are a common prerequisite in the field of marketing.
Marketing management degrees are most often associate degrees offered by two-year technical or community colleges, but many universities offer undergraduate and graduate courses in the field. Students interested in marketing management may also consider a degree program in business administration with a concentration in marketing. Internship experience may also be necessary.
|Career||Marketing Manager||Sales Manager||Market Research Analyst|
|Required Education||Varies from associate's to master's||Bachelor's usually needed||Bachelor's or master's|
|Other Requirements||Internship may be required||Internship may be required||Internship may be required|
|Projected Job Growth (2014-2024)*||9%||5%||19% for market research analysts and marketing specialists|
|Mean Annual Salary (2015)*||$140,660||$130,400||$70,030 for market research analysts and marketing specialists|
Source: *U.S. Bureau of Labor Statistics.
A degree in marketing management can pave the way to professional success in nearly any industry. Students can prepare for careers as marketing managers, sales promotions managers, marketing research analysts or related professions. Business administration degree programs help students to develop their knowledge and understanding of business practices, marketing, sales, accounting, retailing principles, business research and advertising.
Marketing managers occupy leadership positions within the marketing division of a company or firm. They direct and implement overall marketing programs with the goal of reaching certain target demographics or a broad potential customer base. Working closely with the promotions and advertising staff, marketing management professionals utilize tools such as promotional events, cross-marketing and advertising to increase awareness of a product or service. They are also involved in the pricing and development of new products, according to customer demand.
According to the U.S. Bureau of Labor Statistics (BLS), job opportunities for these professionals were expected to increase by 9% from 2014-2024. As of May 2015, the mean annual wage of marketing managers was $140,660 annually.
Sales managers work to optimize a product or service's position in the marketplace by creating, implementing and directing promotional campaigns. These campaigns typically involve advertising that may use several different media along with deals, coupons or other offerings that provide consumers with access to the product at a reduced price in order to stimulate interest. Sales promotions managers work to increase both market share and profits on sales, often coordinating their efforts with marketing, advertising and product design elements of the organization.
The BLS noted that job openings for these professionals were anticipated to grow by 5% between 2014 and 2024. Mean earnings for sales managers as of May 2015 were $130,400 per year.
Market Research Analyst
Market research analysts collect and analyze data regarding consumer preferences, buying patterns and trends in order to effectively market goods and services to target demographics. They may design and conduct surveys on products, as well as collect information about competitors. The BLS reported that these individuals earned mean wages of $70,030 per year as of May 2015.
While you may be able to secure a job as a marketing manager with as little as an associate's degree, you'll usually need at least a bachelor's or even a master's degree to land a job as a sales manager or market research analyst. In any case, you'll usually have to complete an internship to be considered for a position. Jobs for sales managers are projected to increase at about the same rate as the national average for all occupations, while jobs for marketing managers and market research analysts are projected to increase at faster rates.