Marketing is a growing field where professionals can qualify for entry-level positions with as little as an undergraduate degree in the field. While there is room for growth in these low-level positions, it is common for individuals who want to work their way up the ranks to a management or executive position to pursue their MBA with a concentration in Marketing. If you are currently enrolled in an accredited MBA program or have the intentions of attaining an MBA sometime in the future, you may be interested in learning what the highest paying careers in the field are for candidates who have their MBA. Here is your guide to high-paying marketing career opportunities:
Marketing Managers for Large Firms Earn High Salaries
A marketing manager will oversee specific accounts and develop pricing strategies, deploy marketing tactic strategies, and improve customer satisfaction. In addition to managing campaigns, a marketing manager will also manage a group of professionals working on advertising campaigns, legal aspects of the campaign, and research of marketing data.
While an MBA is not always a requirement for marketing management job listings, new hires who do not work their way up the ladder from within an organization will find that the most effective way to compete is to hold an MBA. An MBA can also replace the need for years of experience in the field. Currently, the average marketing manager earns $113,000 per year with the top 10% earning $166,000 plus bonuses.
Marketing Directors Oversee Marketing Managers
If you want an executive position that is higher in ranks than a Marketing Manager, you may want to become a Marketing Director. The Director is just above the Manager and just below the Vice President. As an officer of the organization, a Marketing Director will design and implement a marketing plan for the organization in an effort to achieve company-wide goals in terms of growth or expansion. The director will also use company objectives to develop strategies that are true to the brand.
Pay for directors of marketing vary dramatically, but the average salary reported in the United States is $133,000 per year. To qualify for a director position, you will need to attain an MBA because the competition is so fierce.
Making a High Salary Consulting as a Business Development Manager
Many mid-sized businesses that can benefit from working with a consultant will hire a business development manager to develop specific aspects of the business that are failing. While the goals of every business vary, you can do anything from develop a product to market to a specific niche. Because the work covers so many different aspects of business administration, an MBA is often necessary. While salaries are dependent upon location and industry, average salaries are reported at $103,000 per year.
Attaining an MBA is an investment, and if you choose the right career path, the expense will pay for itself quickly after you become a professional. Research what it takes to become a manager, a director, or a consultant, and then set your goals to make your dreams come true. The first step is a formal education, and the next step is sifting through all of the opportunities to find the best postition.
Follow