High-paying salaries in various industries often revolve around technology, but there’s a profession that silently commands a 6-figure income, and it’s not in the tech world. Marketing managers, a vital component of the business landscape, are making their mark as some of the highest earners in 2023. According to U.S. News, marketing management ranks 15th among the best-paying jobs this year, boasting a median salary of $135,030, with the top 25% of professionals earning an impressive $192,520 annually.
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The Role of a Marketing Manager
Marketing managers play a pivotal role in shaping a company’s marketing strategies. Their responsibilities encompass market research, advertising campaigns, and budget allocation to drive the achievement of business objectives. In a recent report, LinkedIn recognized “growth marketing managers” and “customer marketing managers” as two of the top 25 growing industries in the U.S. for 2023, both offering salaries that comfortably exceed the six-figure mark.
Flexibility and Earnings
What sets marketing management apart is its flexibility. You don’t necessarily need to be tied to ad full-time job to earn a substantial income in this field. Freelance platforms like Fiverr have witnessed a significant surge in the demand for “digital marketing managers.” Between April and September of this year, searches for this profession skyrocketed by 640%, as per CNBC.
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Users offering verified “pro services” on Fiverr, a badge indicating their skills and quality, charge anywhere from $100 to over $3,000, depending on the duration and nature of the project. Additionally, CNBC reported that some marketing managers on platforms like Freelancer.com are commanding fees of up to $250 per hour.
The Bureau of Labour Statistics states that prospective marketing managers have a bright future. Over the next ten years, there is expected to be a 6.6% growth in the demand for marketing managers. This steady increase in demand for marketing expertise indicates that this career will remain a high-earning and rewarding profession.
In a world where technology often dominates discussions of high-paying careers, marketing management quietly stands as a thriving, six-figure profession. With its diverse opportunities, flexible work arrangements, and promising job growth, becoming a marketing manager can be a lucrative and fulfilling career choice.