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Director, market research hiring summary. Here are some key points about hiring directors, market research in the United States:
Here's a step-by-step director, market research hiring guide:
A director of market research oversees and directs the market research programs of a company. They must set goals and timelines, establish budgets and strategies, liaise with internal and external parties, and develop market research plans according to company objectives and standards. They may also participate in recruiting researchers and other experts, conducting market research and interviews, identifying key participants, and reviewing findings. Moreover, they lead staff in the joint effort to reach program goals, all while implementing company policies and regulations.
First, determine the employments status of the director, market research you need to hire. Certain director, market research roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A director, market research's background is also an important factor in determining whether they'll be a good fit for the position. For example, directors, market research from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of director, market research salaries for various roles:
| Type of Director, Market Research | Description | Hourly rate |
|---|---|---|
| Director, Market Research | Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price. | $32-88 |
| Research Internship | A research intern is responsible for assisting the research team with conducting an investigation, compiling information, and analyzing results for an organized research study. Research interns' duties also include understanding the work processes and operation procedures, sharing strategies and recommendations on research methods, reaching out to appropriate research correspondents, managing clients' inquiries and concerns, keeping important client records for reference, studying current market trends, and maintaining the eagerness to learn... Show more | $12-28 |
| Research Director | Research Directors oversee the research initiatives of the company. They are usually deployed in the academe, research facilities, or companies with research and development departments... Show more | $32-82 |
Including a salary range in the director, market research job description is a good way to get more applicants. A director, market research salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a director, market research in Mississippi may be lower than in Delaware, and an entry-level engineer typically earns less than a senior-level director, market research. Additionally, a director, market research with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Delaware | $145,695 | $70 |
| 2 | New York | $138,303 | $66 |
| 3 | New Jersey | $137,678 | $66 |
| 4 | California | $137,523 | $66 |
| 5 | Colorado | $130,054 | $63 |
| 6 | Maryland | $129,538 | $62 |
| 7 | New Hampshire | $125,665 | $60 |
| 8 | Connecticut | $125,352 | $60 |
| 9 | Washington | $125,034 | $60 |
| 10 | Nevada | $121,610 | $58 |
| 11 | Texas | $119,780 | $58 |
| 12 | Arkansas | $118,916 | $57 |
| 13 | District of Columbia | $118,482 | $57 |
| 14 | Pennsylvania | $116,457 | $56 |
| 15 | Michigan | $112,248 | $54 |
| 16 | Louisiana | $109,142 | $52 |
| 17 | Massachusetts | $109,089 | $52 |
| 18 | Arizona | $108,494 | $52 |
| 19 | Georgia | $104,752 | $50 |
| 20 | Minnesota | $104,192 | $50 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Barclays | $208,696 | $100.33 | 4 |
| 2 | Koch Industries | $198,896 | $95.62 | |
| 3 | Boehringer Ingelheim | $185,437 | $89.15 | |
| 4 | Biogen | $183,508 | $88.22 | 2 |
| 5 | eBay | $176,346 | $84.78 | |
| 6 | BGC Partners | $171,896 | $82.64 | 5 |
| 7 | GLG | $162,441 | $78.10 | |
| 8 | Oculus | $159,320 | $76.60 | |
| 9 | Sanofi US | $158,900 | $76.39 | 26 |
| 10 | Alnylam Pharmaceuticals | $157,670 | $75.80 | |
| 11 | AbbVie | $157,604 | $75.77 | 57 |
| 12 | Perception Research Services International (now PRS IN VIVO) | $156,260 | $75.13 | |
| 13 | En Masse Entertainment | $155,750 | $74.88 | |
| 14 | Allergan plc | $154,418 | $74.24 | |
| 15 | Bristol-Myers Squibb | $153,883 | $73.98 | 20 |
| 16 | C Space | $152,696 | $73.41 | |
| 17 | Cantor Fitzgerald | $152,656 | $73.39 | 12 |
| 18 | Guidehouse | $143,534 | $69.01 | 21 |
| 19 | Cytokinetics | $141,982 | $68.26 | |
| 20 | Momentive | $138,115 | $66.40 | 2 |
A job description for a director, market research role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a director, market research job description:
To find the right director, market research for your business, consider trying out a few different recruiting strategies:
To successfully recruit directors, market research, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect director, market research candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting directors, market research involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $112,955 per year for a director, market research, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for directors, market research in the US typically range between $32 and $88 an hour.