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Market manager hiring summary. Here are some key points about hiring market managers in the United States:
Here's a step-by-step market manager hiring guide:
A marketing manager is an executive who manages a brand or product's promotion positioning. Marketing managers analyze the trends in the industry and the demand for certain products and services. Typically, they attract more customers to purchase products and/or services and raise brand awareness through marketing campaigns. They research, identify, examine, and evaluate product demand. Also, they review advertising materials like print ads to boost the marketing strategy of the company and strengthen its campaign.
Before you post your market manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a market manager for hire on a part-time basis or as a contractor.
Hiring the perfect market manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
The following list breaks down different types of market managers and their corresponding salaries.
| Type of Market Manager | Description | Hourly rate |
|---|---|---|
| Market Manager | 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. | $25-68 |
| Manager, Field Marketing | A field marketing manager oversees a company's field marketing operations, aiming to improve brand awareness and reach sales goals. Their responsibilities primarily revolve around devising marketing strategies, participating in organizing campaigns and trade shows, setting objectives for the team, and monitoring the progress of marketing programs, ensuring they are functioning effectively and efficiently... Show more | $32-61 |
| 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 |
Including a salary range in your market manager job description helps attract top candidates to the position. A market manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a market manager in Wyoming may be lower than in New York, and an entry-level market manager usually earns less than a senior-level market manager. Additionally, a market manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $120,574 | $58 |
| 2 | Pennsylvania | $116,702 | $56 |
| 3 | California | $116,102 | $56 |
| 4 | New Jersey | $110,644 | $53 |
| 5 | Virginia | $108,615 | $52 |
| 6 | Massachusetts | $104,162 | $50 |
| 7 | Connecticut | $102,611 | $49 |
| 8 | Ohio | $100,812 | $48 |
| 9 | North Carolina | $96,441 | $46 |
| 10 | District of Columbia | $96,038 | $46 |
| 11 | Tennessee | $93,555 | $45 |
| 12 | Illinois | $84,620 | $41 |
| 13 | Indiana | $81,195 | $39 |
| 14 | Maine | $80,724 | $39 |
| 15 | Washington | $80,355 | $39 |
| 16 | Texas | $78,356 | $38 |
| 17 | Missouri | $78,101 | $38 |
| 18 | Michigan | $77,764 | $37 |
| 19 | Oregon | $76,948 | $37 |
| 20 | Florida | $73,234 | $35 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | BP America Inc | $175,849 | $84.54 | 12 |
| 2 | VMware | $153,424 | $73.76 | 1 |
| 3 | Accenture | $153,139 | $73.62 | 1,290 |
| 4 | Meta | $152,888 | $73.50 | 480 |
| 5 | Crown Castle International | $151,892 | $73.03 | |
| 6 | Biogen | $151,761 | $72.96 | 1 |
| 7 | Incyte | $145,730 | $70.06 | |
| 8 | $145,289 | $69.85 | 444 | |
| 9 | Shell Trading | $144,969 | $69.70 | 1 |
| 10 | Sigma-Aldrich | $142,259 | $68.39 | |
| 11 | Citi | $141,847 | $68.20 | 23 |
| 12 | CIBC World Markets | $140,796 | $67.69 | |
| 13 | Ernst & Young | $140,328 | $67.47 | 231 |
| 14 | Airbnb | $137,223 | $65.97 | 6 |
| 15 | Northern Trust | $135,588 | $65.19 | 3 |
| 16 | Barclays | $135,188 | $64.99 | 3 |
| 17 | Apple | $134,006 | $64.43 | 77 |
| 18 | IBM | $133,707 | $64.28 | 48 |
| 19 | Vertafore | $133,425 | $64.15 | |
| 20 | AbbVie | $131,842 | $63.39 | 130 |
A good market manager 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 market manager job description:
To find market managers for your business, try out a few different recruiting strategies:
To successfully recruit market managers, 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 found the market manager 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 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 market manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring market managers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new market manager employee.
The median annual salary for market managers is $88,058 in the US. However, the cost of market manager hiring can vary a lot depending on location. Additionally, hiring a market manager for contract work or on a per-project basis typically costs between $25 and $68 an hour.