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Market development director hiring summary. Here are some key points about hiring market development directors in the United States:
Here's a step-by-step market development director hiring guide:
A marketing development director is in charge of managing revenue metrics and targets. The responsibilities of a market development director are to evaluate and take advantage of opportunities for growth, to identify market barriers that affect sales, to establish scalable infrastructure within their market, to lead initiatives and programs recognition of the company products and services, and to track emerging trends.
First, determine the employments status of the market development director you need to hire. Certain market development director roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A market development director's background is also an important factor in determining whether they'll be a good fit for the position. For example, market development directors 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.
This list shows salaries for various types of market development directors.
| Type of Market Development Director | Description | Hourly rate |
|---|---|---|
| Market Development Director | 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. | $49-101 |
| Director Of Sales & Business Development | A director of sales business development is responsible for monitoring the business and project plans, ensuring that the sales targets are met, according to project requirements and specifications. Directors of sales business development perform data analysis to track business performance and identify opportunities to grow revenues and profits... Show more | $18-84 |
| Business Development And Marketing Manager | The business development and marketing manager is in charge of overseeing a company's marketing programs and projects. They primarily manage and coordinate teams, set goals and guidelines, organize budgets and timelines, conceptualize plans, and develop strategies to optimize operations... Show more | $24-53 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Rhode Island | $174,446 | $84 |
| 2 | District of Columbia | $168,760 | $81 |
| 3 | Massachusetts | $168,539 | $81 |
| 4 | California | $164,956 | $79 |
| 5 | Pennsylvania | $158,426 | $76 |
| 6 | New Jersey | $157,620 | $76 |
| 7 | Nevada | $155,203 | $75 |
| 8 | Maryland | $155,042 | $75 |
| 9 | New York | $151,274 | $73 |
| 10 | Oregon | $150,279 | $72 |
| 11 | Michigan | $149,180 | $72 |
| 12 | North Carolina | $148,068 | $71 |
| 13 | Minnesota | $146,545 | $70 |
| 14 | Illinois | $141,934 | $68 |
| 15 | Arizona | $141,222 | $68 |
| 16 | Virginia | $139,095 | $67 |
| 17 | Texas | $138,601 | $67 |
| 18 | Colorado | $134,984 | $65 |
| 19 | Maine | $133,206 | $64 |
| 20 | Georgia | $130,836 | $63 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Barclays | $188,678 | $90.71 | 2 |
| 2 | Superpedestrian | $176,465 | $84.84 | |
| 3 | United Therapeutics | $171,500 | $82.45 | 57 |
| 4 | Mortenson | $164,005 | $78.85 | 6 |
| 5 | Sanofi US | $163,494 | $78.60 | 49 |
| 6 | Kemper | $161,820 | $77.80 | 10 |
| 7 | UBS | $158,242 | $76.08 | 3 |
| 8 | Hca Hospital Services Of San Diego | $156,388 | $75.19 | |
| 9 | Medtronic | $154,950 | $74.50 | 54 |
| 10 | Illumina | $152,935 | $73.53 | 9 |
| 11 | Dean Health Plan | $149,853 | $72.04 | |
| 12 | Accenture | $149,189 | $71.73 | 419 |
| 13 | ARM | $146,088 | $70.23 | 7 |
| 14 | AT&T | $144,140 | $69.30 | 8 |
| 15 | Southern | $142,803 | $68.66 | 15 |
| 16 | Alvarez & Marsal | $142,354 | $68.44 | 91 |
| 17 | PCTEL | $141,863 | $68.20 | |
| 18 | BAE Systems | $141,649 | $68.10 | 58 |
| 19 | Unum | $140,765 | $67.68 | 18 |
| 20 | Carus | $134,886 | $64.85 |
A market development director job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a market development director job description:
There are various strategies that you can use to find the right market development director for your business:
During your first interview to recruit market development directors, 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.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you 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 decided on a perfect market development director 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 important to follow up with applicants who do not get the job with an email letting them know that the position is 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.
Hiring a market development director comes with both the one-time cost per hire and ongoing costs. The cost of recruiting market development directors involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of market development director recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $147,338 per year for a market development director, 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 market development directors in the US typically range between $49 and $101 an hour.