If you are currently working as a market research analyst or aspire to be one someday, there’s good news. According to the Bureau of Labor Statistics, the job outlook for market research analysts is expected to grow 19 percent over the next 10 years, which is much faster than the average for all occupations.
Median Annual Salary
|Marketing Career||Average Annual Salary*|
|Market Research Analyst||$71,570|
|Public Relations Manager||$132,630|
Steps to Becoming a Market Research Analyst Step 1: Earn a Bachelor’s Degree. Students can begin their paths by earning a bachelor’s in marketing , bachelor of business administration, or bachelor’s in psychology. Step 2: Build On-the-Job Experience. Step 3: Earn a Master’s Degree (Optional)
You usually need a bachelor degree in marketing , business and management, management and commerce, psychology or another related field to work as a Market Research Analyst .
Starting salaries for market researchers are in the region of £20,000 to £25,000. With experience this can rise to £25,000 to £35,000. At a senior level, once you’ve gained significant experience, you can expect to earn between £40,000 and £70,000+.
Corporate Communications Director. Average salary: $124,054. Marketing Research Director. Average salary: $111,907. Director of Email Marketing . Average salary: $102,588. Director of Digital Marketing . Content Marketing Director. Product Marketing Manager. Demand Generation Manager. Brand Marketing Manager.
You can absolutely get rich from marketing ! As an entrepreneur myself, I would say that marketing is quite possibly the best skill to have as an entrepreneur and a business person, and is valuable to everyone.
Marketing is a major jobs sector in Australia , employing approximately 269,000 workers throughout the country. With so many professionals in the industry and a market that’s rapidly changing in terms of in- demand skills and emerging technologies, there’s certainly no shortage of competition in the sector.
You can succeed in marketing with a bachelor’s degree in several fields, but a marketing degree makes it easier to land an entry-level job and rise in your field faster. There are several reasons why an undergraduate marketing degree is a good idea and why a graduate degree is even better.
To become a market researcher you usually have to complete a degree in business, management or commerce with a major in marketing . It is also possible for graduates of statistics, psychology, sociology, economics, behavioural sciences or computer science degrees to enter this occupation.
Key skills for market research analysts Ability to cope with fast-paced and pressured work. Accuracy. Strong attention to detail and a strong analytical mind. Ability to notice patterns within statistics. An interest in psychology and behaviour. Good organisational skills. Excellent (spoken and written) communication skills .
A successful marketing analyst would possess the following skills on their CV: Statistical knowledge and experience. Attention to detail . Marketing training and strategy. The ability to interpret information effectively. Knowledge of software such as Excel or SPSS. Strong written and oral communication skills .
Eligibility to become Market Research Analyst Most of the professionals in this field hold at least a Bachelor’s degree in the relevant subjects. Candidates with a degree in BBA ( Marketing & Finance), B.Sc. If one holds a master’s degree in these fields then the chances are increased even more.
Employment of market research analysts is projected to grow 18 percent from 2019 to 2029, much faster than the average for all occupations. Employment growth will be driven by an increased use of data and market research across many industries.
A market researcher is responsible for collecting and analyzing data information to make informed political, social and economic decisions. Market researchers may be employed by a company (known as client-side), where they collect information on customer opinions, investment, and marketing trends.