Program Codes: 
30627,04179
Employment Percentage: 
18.950189567264
SOC ID: 
11-2021
SOC Title: 
Marketing Managers
ONET ID: 
11-2021.00
ONET Concat ID: 
11202100
Median Salary: 
136929.74
Interest Area Term: 
Ed Level High School: 
3.53
Ed Level Certificate: 
0
Ed Level Some College: 
2.8
Ed Level Associates: 
3.03
Ed Level Bachelors: 
55.759998
Ed Level Masters: 
34.880001
Ed Level Doctor: 
0
Typical Ed Level: 
a Bachelor's degree
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.

Core Tasks: 

<ul><li>Identify, develop, or evaluate marketing strategy, based on knowledge of establishment objectives, market characteristics, and cost and markup factors.</li><li>Formulate, direct, or coordinate marketing activities or policies to promote products or services, working with advertising or promotion managers.</li><li>Evaluate the financial aspects of product development, such as budgets, expenditures, research and development appropriations, or return-on-investment and profit-loss projections.</li><li>Develop pricing strategies, balancing firm objectives and customer satisfaction.</li><li>Compile lists describing product or service offerings.</li><li>Direct the hiring, training, or performance evaluations of marketing or sales staff and oversee their daily activities.</li><li>Consult with product development personnel on product specifications such as design, color, or packaging.</li><li>Use sales forecasting or strategic planning to ensure the sale and profitability of products, lines, or services, analyzing business developments and monitoring market trends.</li><li>Negotiate contracts with vendors or distributors to manage product distribution, establishing distribution networks or developing distribution strategies.</li><li>Coordinate or participate in promotional activities or trade shows, working with developers, advertisers, or production managers, to market products or services.</li><li>Initiate market research studies or analyze their findings.</li><li>Confer with legal staff to resolve problems, such as copyright infringement or royalty sharing with outside producers or distributors.</li></ul>

Start Annual Earnings: 
69937.17
Top Annual Earnings: 
302620.68
Title Slug: 
marketing-manager