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Median annual earning for wage and salary
Marketing majors graduating in 2009 $ 64,000 annual
Marketing Managers (2009) $ 69,000 annual
U.S. Minimum Wage $10,712 Annually
(Source:www.indeed.com)
Marketingis a popular field to break into, so whilst employment opportunities are expected to grow, competition will be fierce. Those who have a degree in marketing will have the best opportunities. In October 2009, the average yearly income for marketing managers was $69,000. Salary levels are dependent upon location, experience, company size, level of responsibility, and duration of employment.
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Marketing Managers and those with Marketing degrees help to steer many of today's leading industries. Marketing managers learn to understand the product and service landscape involved in the consumer market. Many graduates with Marketing degrees study and understand the market demand for products and services, analyze the competitive market, and help firms and organizations identify potential customers.
Included in the Marketing field is knowledge of pricing strategies, profit margins, advertising strategies and techniques, market share analysis, customer analysis, past and future trends and more.
Marketing professionals often liaise with other marketing team members, advertising companies, web designers, writers and more, to:
- Ensure and enforce corporate and brand recognition.
- Create original designs and advertising/sales campaigns.
- Choose colors and visual accents based on current and future trends to enhance corporate brand presence.
- Work with customer retention managers.
- Work with PR managers and teams to promote corporate initiatives.
- Coordinate market research, marketing strategies, promotions and product development.
Marketing Managers are often put in charge of developing corporate identity and marketing strategy reports. They also identify the develop plans to maximize profits and market share, and also help the company grow its customer base.
A Marketing degree can land graduates in a job ranging from small business to larger business firms, retailers, government, publishing, television, radio, non-profit organizations, and any other company focused on growing, offering services and/or products. Some individuals will find opportunities to work independently, developing their own client base and consulting with individuals and individual companies.
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