Territory Business Manager Salary
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Territory Business Manager Salary
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What can you do with a business degree? quite a lot What is a doctorate: everything you need to know What can you do with a marketing degree? What degree do you need for HR career and advancement? Big difference between RN and BSN
Technology has changed the marketing landscape. This creates opportunities for more personalized, tailored marketing for consumers and more interactive and targeted capabilities for marketers. In this highly competitive space, marketers need to be at the top of their game to stand out from the competition and drive revenue for their organizations.
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The demand for highly-skilled marketers is one of the primary reasons why master’s degrees in marketing are growing in popularity. According to labor marketing analytics firm EMSI, from August 2019 to August 2020, there were 262,103 unique job postings for advertising, marketing, promotion and sales managers with master’s degrees.
With high demand, comes high pay. Many marketing professionals are turning to master’s degrees to increase their salary expectations and long-term earning potential. However, these professionals don’t want to put their careers on pause to earn their degrees. With a staggering 127.3% increase in completion between 2012 and 2019, online master’s degrees in marketing continue to fuel growth.
When it comes down to hard numbers, how much can a master’s degree in marketing affect your salary? Let’s look at the return on investment of a marketing master’s degree.
There is a direct correlation between education and salary in the field of marketing. A master’s degree in marketing pays 53% more than an associate’s degree and 17% more than a bachelor’s degree.
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However, education is not the only factor that increases your salary. In addition to a high level of education, these 4 factors play a major role in the salary you can expect to earn:
Determining ROI is not about short-term gains. While the immediate salary increase is tempting, you need to think about the long-term benefits of earning your master’s degree in order to make an informed decision.
In strictly monetary terms, your master’s degree will help propel you into higher income brackets. Looking at the total picture of experience, skills and credentials, a Masters in Marketing puts you in the 75th or 95th percentile for expected earnings. This particular certification is also in high demand, making it easier to find positions that match your desired salary.
However, when weighing ROI, you need to go beyond monetary measures and think about the other effects a marketing master’s degree will have on your career (and how important these considerations are to you).
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Determine how much value these additional variables bring to the ROI equation. For some, these additional benefits outweigh the salary increase.
What is the most important thing when choosing a master’s program? Compare features, benefits and costs to find the right school for you.
Marketing has become increasingly specialized, giving marketers the opportunity to choose from a variety of career paths. Whether you’re interested in working in corporate marketing or an agency, creative or technical, there are endless opportunities to put your master’s degree in marketing to work.
Let’s take a look at the industry’s most popular roles and the salaries they command. Salaries quoted are based on The Creative Group’s Creative and Marketing Salary Guide for 2021. It’s an annual publication from one of the world’s largest staffing firms that reports hiring trends and salary forecasts specifically for creative and marketing professionals.
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A marketing manager is responsible for promoting and positioning a company’s brand or selling products and services. They usually work in a corporate setting and are hired to attract more customers and increase brand awareness through marketing campaigns.
Marketing directors are responsible for the overarching marketing and communications strategy, as well as the company’s branding and image. They are big picture thinkers – preparing annual marketing plans, creating campaign calendars, setting marketing budgets and analyzing their markets and competitors.
Demand generation managers oversee the strategies used to develop and build long-term customer relationships. They help business and agency clients enter and succeed in new markets, advertise and sell new products, and fine-tune their customer experience programs.
Marketing analytics managers lead teams responsible for tracking the effectiveness of marketing campaigns. This role can be found in both agencies and corporate environments, as it involves determining key performance metrics, collecting and analyzing data and reporting on campaign success.
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A digital marketing manager is responsible for developing, implementing and managing online marketing campaigns that cut through the noise. They are employed to differentiate companies and increase brand awareness within the digital space, as well as drive website traffic and acquire leads or customers.
Public relations managers create and maintain a favorable public image of a company. They achieve these goals by interacting with the media and communicating the company’s important programs, achievements, and vision. They may work in corporate settings or at a PR agency.
If you want to increase your salary and get the best return on investment, you need to find the best marketing master’s degree for your goals. For working professionals who want to upgrade their skills without stalling their careers, a high-quality online program is an excellent fit.
The University’s Masters in Marketing is designed to provide the flexibility working professionals need. Our courses are taught by industry experts who turn theory into practice, giving you in-demand skills you can apply from day one. Our curriculum is also regularly evaluated and updated for industry best practices to keep you ahead of the curve.
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Find out more about our Masters Degree in Marketing and Communications and how it can help you advance your career. If you’ve ever found yourself wondering… “What’s the difference between TM and RSM?” we get There is confusion and overlap between different sales titles used in different organizations. What’s more, titles are often changing and adapt to industry trends.
The fast-growing, competitive nature of the SaaS industry has created an environment where new titles need to be adjusted for entirely new positions. What’s more, the (slightly) different titles – à la sales development representative vs. business development representative – are made more relevant, modern, and in line with the company’s values and culture.
If you’re new to all this sales jargon, look no further! We’ve got you covered. Continue reading to find out what a field manager does, average salary for TMs, career outlook, and available TM jobs.
In sales, the abbreviation TM usually stands for Territory Manager. TMs often work in field sales, where they are responsible for meeting customers outside the office and closing sales deals.
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Territory managers (TM) are key players in outbound sales, especially territory sales. Their duties vary, but generally speaking, these sales people are traveling for part of their job – pitching their sales proposition to various decision makers and organizations. Going out of the office to meet clients at a conference or trade show, at their office, or in a certain region of the country, plays a large part of their responsibilities.
TMs typically manage an entire geographic area of an organization’s sales operations, and are responsible for a team of sales people within that area. They work closely with upper management, such as sales directors, to create and implement sales strategy for the region, with the ultimate goal of expanding the consumer base in a particular region.
The average base salary for field managers in the United States is $71,136, with an average additional $20,000 in annual commission (source: Indeed).
With the abundance of automation, software, and marketing tools available on the market today, it might be worth thinking that the sales position will still be growing in a few years.
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If you are looking to start your career in the sales industry, don’t worry – the market outlook for sales professionals is positive! The Bureau of Labor Statistics projects a 7% increase for sales manager roles by 2030.
The right sales role for you depends on your experience and expertise, but sales can be a great industry
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