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Market research manager hiring summary. Here are some key points about hiring market research managers in the United States:
Here's a step-by-step market research manager hiring guide:
A market research manager is responsible for identifying goals, products, or services through market research. You will lead and oversee a team of researchers, collecting information and data about market segments and reporting them to marketing managers. Your duties will include assisting in the design and evaluation of a marketing campaign in collaboration with other marketing staff, researching and developing strategies on customer retention. Other duties include investigating market conditions, defining and measuring key performance indicators on customer satisfaction.
Before you post your market research 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 research manager for hire on a part-time basis or as a contractor.
A market research manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, market research managers 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 market research manager salaries for various roles:
| Type of Market Research Manager | Description | Hourly rate |
|---|---|---|
| Market Research Manager | 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. | $26-67 |
| Marketing Internship | Marketing interns are usually marketing students or fresh graduates who are interested in getting actual work experiences before taking on a full-time job. They usually have an interest or academic background related to marketing... Show more | $11-18 |
| Marketing Consultant | A marketing consultant is responsible for utilizing their extensive retail expertise to develop strategies on how to strengthen client base and achieve better sales. Furthermore, a marketing consultant must perform research and analysis to determine opportunities for financial gains, devise plans to improve client satisfaction, assess the competition, look out for any risks, and develop its brand and image... Show more | $21-53 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $126,164 | $61 |
| 2 | Washington | $124,928 | $60 |
| 3 | California | $111,457 | $54 |
| 4 | District of Columbia | $109,357 | $53 |
| 5 | New York | $105,427 | $51 |
| 6 | Pennsylvania | $103,248 | $50 |
| 7 | Colorado | $103,222 | $50 |
| 8 | Oregon | $100,312 | $48 |
| 9 | Illinois | $99,773 | $48 |
| 10 | New Hampshire | $96,881 | $47 |
| 11 | Massachusetts | $95,642 | $46 |
| 12 | Texas | $94,174 | $45 |
| 13 | Nevada | $87,238 | $42 |
| 14 | Virginia | $80,938 | $39 |
| 15 | Ohio | $79,380 | $38 |
| 16 | Indiana | $79,369 | $38 |
| 17 | North Carolina | $78,256 | $38 |
| 18 | Georgia | $76,380 | $37 |
| 19 | South Carolina | $75,188 | $36 |
| 20 | Michigan | $74,580 | $36 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Credit Karma | $184,845 | $88.87 | |
| 2 | Apple | $164,416 | $79.05 | 81 |
| 3 | PayPal | $158,875 | $76.38 | |
| 4 | Intuit | $151,252 | $72.72 | 11 |
| 5 | Microsoft | $147,091 | $70.72 | 223 |
| 6 | Genentech | $144,235 | $69.34 | 16 |
| 7 | $142,110 | $68.32 | 3 | |
| 8 | GLG | $140,629 | $67.61 | |
| 9 | Unisys | $140,099 | $67.36 | |
| 10 | Uber Technologies | $139,642 | $67.14 | |
| 11 | AMAG Pharmaceuticals | $138,497 | $66.59 | |
| 12 | AbbVie | $137,276 | $66.00 | 78 |
| 13 | Bristol-Myers Squibb | $135,524 | $65.16 | 16 |
| 14 | Adobe | $131,728 | $63.33 | 23 |
| 15 | Zoetis | $131,477 | $63.21 | 2 |
| 16 | Autodesk | $129,956 | $62.48 | 9 |
| 17 | AIG | $128,810 | $61.93 | |
| 18 | WebMD | $127,223 | $61.16 | 4 |
| 19 | JPMorgan Chase & Co. | $126,443 | $60.79 | 207 |
| 20 | Thomson Reuters | $125,580 | $60.38 | 6 |
A good market research 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 research manager job description:
There are various strategies that you can use to find the right market research manager for your business:
During your first interview to recruit market research managers, 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 have selected a candidate for the market research manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the 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 research manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting market research managers 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 research manager recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $89,450 per year for a market research manager, 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 research managers in the US typically range between $26 and $67 an hour.