What Does it Take to Be a Marketing Manager?
Occupation Description Plan, direct, or coordinate marketing policies and programs, such as determining the demand for products and services offered by a firm and its competitors, and identify potential customers. Develop pricing strategies with the goal of maximizing the firm’s profits or share of the market while ensuring the firm’s customers are satisfied. Oversee product development or monitor trends that indicate the need for new products and services.
A Day in the Life of a Marketing Manager
- Confer with legal staff to resolve problems, such as copyright infringement or royalty sharing with outside producers or distributors.
- Negotiate contracts with vendors or distributors to manage product distribution, establishing distribution networks or developing distribution strategies.
- Identify, develop, or evaluate marketing strategy, based on knowledge of establishment objectives, market characteristics, and cost and markup factors.
- Use sales forecasting or strategic planning to ensure the sale and profitability of products, lines, or services, analyzing business developments and monitoring market trends.
- Develop pricing strategies, balancing firm objectives and customer satisfaction.
- Develop business cases for environmental marketing strategies.
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Things a Marketing Manager Should Know How to Do
These are the skills Marketing Managers say are the most useful in their careers:
Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Social Perceptiveness: Being aware of others’ reactions and understanding why they react as they do.
Related Job Titles
- Market Research Manager
- Strategist
- Market Analysis Director
- Product Marketing Manager
- Product Line Manager (PLM)
Is There Going to be Demand for Marketing Managers?
There were about 218,300 jobs for Marketing Manager in 2016 (in the United States). New jobs are being produced at a rate of 10.1% which is above the national average. The Bureau of Labor Statistics predicts 22,100 new jobs for Marketing Manager by 2026. Due to new job openings and attrition, there will be an average of 21,300 job openings in this field each year.
The states with the most job growth for Marketing Manager are Washington, Utah, and Florida. Watch out if you plan on working in Wyoming, Maine, or Alaska. These states have the worst job growth for this type of profession.
How Much Does a Marketing Manager Make?
The typical yearly salary for Marketing Managers is somewhere between $69,840 and $208,000.
Marketing Managers who work in New York, Virginia, or Colorado, make the highest salaries.
Below is a list of the median annual salaries for Marketing Managers in different U.S. states.
| State | Annual Mean Salary |
|---|---|
| Alabama | $118,200 |
| Alaska | $101,750 |
| Arizona | $117,700 |
| Arkansas | $155,020 |
| California | $167,910 |
| Colorado | $169,630 |
| Connecticut | $154,810 |
| Delaware | $163,090 |
| District of Columbia | $165,640 |
| Florida | $119,450 |
| Georgia | $143,660 |
| Hawaii | $112,800 |
| Idaho | $105,210 |
| Illinois | $130,110 |
| Indiana | $108,750 |
| Iowa | $109,450 |
| Kansas | $142,740 |
| Kentucky | $116,140 |
| Louisiana | $97,540 |
| Maine | $99,450 |
| Maryland | $150,830 |
| Massachusetts | $143,400 |
| Michigan | $137,900 |
| Minnesota | $139,440 |
| Mississippi | $93,930 |
| Missouri | $128,810 |
| Montana | $125,860 |
| Nebraska | $101,520 |
| Nevada | $142,730 |
| New Hampshire | $141,630 |
| New Jersey | $177,330 |
| New Mexico | $100,320 |
| New York | $187,860 |
| North Carolina | $145,180 |
| North Dakota | $111,880 |
| Ohio | $133,730 |
| Oklahoma | $117,940 |
| Oregon | $116,020 |
| Pennsylvania | $154,700 |
| Rhode Island | $159,400 |
| South Carolina | $111,460 |
| South Dakota | $145,400 |
| Tennessee | $118,740 |
| Texas | $146,640 |
| Utah | $115,230 |
| Vermont | $123,910 |
| Virginia | $171,870 |
| Washington | $155,580 |
| West Virginia | $95,380 |
| Wisconsin | $125,100 |
| Wyoming | $100,000 |
Tools & Technologies Used by Marketing Managers
Below is a list of the types of tools and technologies that Marketing Managers may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Hypertext markup language HTML
- JavaScript
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Python
- Microsoft Access
- MySQL
- Data entry software
- SAP
- Microsoft Project
- Adobe Systems Adobe Acrobat
- Microsoft Visio
- Microsoft SharePoint
- Adobe Systems Adobe Photoshop
- Structured query language SQL
- The MathWorks MATLAB
How do I Become a Marketing Manager?
Are there Marketing Managers education requirements?
How Long Does it Take to Become a Marketing Manager?
Marketing Managers Sector
Marketing Managers work in the following industries:
Similar Careers
Those thinking about becoming a Marketing Manager might also be interested in the following careers:
References:
Image Credit: Nick Youngson via Creative Commons 3 - CC BY-SA 3.0
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