How Much Does Someone With A Marketing Degree Make?

How Much Does Someone With A Marketing Degree Make?
How Much Does Someone With A Marketing Degree Make?

Students with a bachelor’s degree may pursue a variety of marketing careers. Students with marketing degrees often start as marketing assistants or coordinators and work their way up to top positions like marketing director or vice president. Because of the significance of sales and marketing inside a company, marketing management positions are among the most sought and respected, according to the Bureau of Labor Statistics. According to the Bureau of Labor Statistics, the average pay for marketing managers in the United States was $142,170 in May 2020.

Marketing Coordinators

Candidates with a marketing degree who want to work as a marketing coordinator are typically entry-level and have less than two years of experience. Coordinators help with the development of sales proposals, marketing presentations, and event materials, whereas marketing assistants may just do administrative tasks for their team. They provide presentations, set up registration booths at events, and carry out market research. According to a Salary.com study from September 2021, the median projected salary for marketing coordinators was $57,500.

Marketing Managers

Marketing Managers
Marketing Managers

Though some marketing degree candidates become marketing managers after two to three years in the business, marketing manager positions typically need five to seven years of experience. Employers may prefer to recruit individuals with at least seven years of experience since some marketing managers are responsible for the creation and execution of complete marketing strategies. Internal communications, event planning, competition research, and product pricing are some of the other responsibilities of a marketing manager. According to Salary.com, the median estimated salary for marketing manager jobs in the United States in September 2021 was $108,272.

Marketing Directors

Depending on the size and structure of their company, directors typically supervise whole marketing departments and develop marketing policies at the executive level. Marketing directors establish the marketing strategy for their company, set goals, and track the success of projects. While smaller businesses may only have one marketing strategy, directors in larger companies may be in charge of developing marketing strategies for many product lines or business units. Professionals with a marketing degree who work in this position usually have at least 10 years of experience. According to a Salary.com study from September 2021, the median salary for marketing directors was $149,075.

Education

Marketing Education
Marketing Education

According to the Bureau of Labor Statistics, students with marketing degrees may expect a good job market in the 2020 to 2030 decade. Marketing degree experts with significant work experience will have the best employment prospects during this time, in addition to having strong creative talents and technological capabilities. Furthermore, postgraduate degrees in marketing and business administration, as well as continuing education, may help professionals earn more money.

Considerations

Marketing graduates should be aware that income potential is affected by variables such as location and industry. According to the BLS, marketing managers in the computer design sector earn an average of $137,040 a year. Workers in the insurance sector earned an average of $118,860 a year. The average pay for marketing managers working in financial investment companies was $153,150. New York had the highest concentration of marketing managers, with employees earning an average of $150,130, California $136,990, and Virginia $131,610. Workers in New Hampshire made the least income, with an average annual salary of $96,640.