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Director of market analysis hiring summary. Here are some key points about hiring directors of market analysis in the United States:
Here's a step-by-step director of market analysis hiring guide:
A Market Analysis Director manages projects to create technology ecosystems, company risk profiles, industry trends, and product lines. They handle all operational aspects such as aviation, medical transportation, medical and insurance meeting planning. A Market Analysis Director also evaluates company production quality that increases ROI. They also price all deals as per the ROI objectives and maintains competitive offers that match the internal risk prototype.
First, determine the employments status of the director of market analysis you need to hire. Certain director of market analysis roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A director of market analysis's background is also an important factor in determining whether they'll be a good fit for the position. For example, directors of market analysis 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 of market analysis salaries for various roles:
| Type of Director Of Market Analysis | Description | Hourly rate |
|---|---|---|
| Director Of Market Analysis | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $36-105 |
| Consultant/Marketing Director | A consultant/marketing director is responsible for conducting data and statistical analysis of the current market trends to identify opportunities that would strengthen the company's brand image on the market. Consultant/marketing directors evaluate the company's marketing techniques and determine methods to improve promotional campaigns and media presence... Show more | $37-76 |
| Business Development Manager | A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client... Show more | $32-72 |
Including a salary range in your director of market analysis job description is one of the best ways to attract top talent. A director of market analysis can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $188,031 | $90 |
| 2 | Connecticut | $168,045 | $81 |
| 3 | Virginia | $165,126 | $79 |
| 4 | Michigan | $161,317 | $78 |
| 5 | New York | $157,366 | $76 |
| 6 | California | $156,396 | $75 |
| 7 | Delaware | $150,052 | $72 |
| 8 | New Hampshire | $143,936 | $69 |
| 9 | North Carolina | $143,662 | $69 |
| 10 | Illinois | $140,847 | $68 |
| 11 | Maryland | $133,827 | $64 |
| 12 | District of Columbia | $132,609 | $64 |
| 13 | Washington | $131,526 | $63 |
| 14 | Florida | $125,251 | $60 |
| 15 | Kentucky | $124,510 | $60 |
| 16 | Oregon | $120,489 | $58 |
| 17 | Nevada | $120,235 | $58 |
| 18 | Ohio | $120,224 | $58 |
| 19 | South Carolina | $117,819 | $57 |
| 20 | Louisiana | $117,404 | $56 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Parkland Hospital | $200,903 | $96.59 | 1 |
| 2 | Garnet Health | $180,427 | $86.74 | |
| 3 | UMiami Health System | $175,569 | $84.41 | |
| 4 | Congressional Budget Office | $173,264 | $83.30 | |
| 5 | Boston Scientific | $162,981 | $78.36 | 6 |
| 6 | RingCentral | $161,297 | $77.55 | 2 |
| 7 | Natixis North America LLC | $161,291 | $77.54 | |
| 8 | UBS | $156,676 | $75.33 | 2 |
| 9 | Salesforce | $153,529 | $73.81 | 65 |
| 10 | BlackRock | $148,864 | $71.57 | 17 |
| 11 | Wsp USA Buildings Inc. | $143,921 | $69.19 | 87 |
| 12 | IESC | $137,716 | $66.21 | |
| 13 | Amerigroup | $136,563 | $65.66 | |
| 14 | Walmart | $129,539 | $62.28 | 171 |
| 15 | Charles Schwab | $124,036 | $59.63 | 7 |
| 16 | Markel | $122,649 | $58.97 | 14 |
| 17 | Capital One | $121,299 | $58.32 | 371 |
| 18 | Dunnhumby USA, LLC | $121,207 | $58.27 | |
| 19 | The Coca-Cola Company | $119,484 | $57.44 | 22 |
| 20 | Ryder System | $117,795 | $56.63 |
A good director of market analysis job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a director of market analysis job description:
To find the right director of market analysis for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit directors of market analysis, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the director of market analysis candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
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.
After that, you can create an onboarding schedule for a new director of market analysis. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Before you start to hire directors of market analysis, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire directors of market analysis pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Directors of market analysis earn a median yearly salary is $128,913 a year in the US. However, if you're looking to find directors of market analysis for hire on a contract or per-project basis, hourly rates typically range between $36 and $105.