Marketing Managers vs Financial Specialists salary

The US Bureau of Labor Statistics has reported that the average annual pay for Marketing Managers is $153,440, compared to the average annual salary of $87,350 for Financial Specialists. This indicates that Marketing Managers earn significantly more than Financial Specialists.

Nevertheless, it's worth mentioning that the salary of an employee can be influenced by factors such as location and experience. For example, Marketing Managers working in New York (with a wage of $190,760 on average) may have higher salaries than those in Mississippi ($99,060).

Marketing Managers vs Financial Specialists overview

Marketing Managers and Financial Specialists are crucial to the Professional, Scientific, and Technical Services industry. People are often interested in learning about the distinctions between these job titles, including the average earnings for each of them.

Marketing Manager job description

Marketing Managers plan, direct, or coordinate marketing policies and programs, such as determining the demand for products and services offered by a firm and its competitors, and identify potential customers. Develop pricing strategies with the goal of maximizing the firm’s profits or share of the market while ensuring the firm’s customers are satisfied. Oversee product development or monitor trends that indicate the need for new products and services.

Marketing Manager education and experience

The majority of Marketing Managers (56%) have obtained a Bachelor's Degree. However, among employees in this occupation, there are also some with a Master's Degree (24%) and a First Professional Degree (11%). When it comes to experience, about a third of Marketing Manager jobs require a 8 to 10 years of work-related experience. A smaller percentage of jobs (19%) require a previous experience of 4 to 6 years.

Marketing Manager average salary

Based on data from the US Bureau of Labor Statistics, the United States had a workforce of 278,690 Marketing Managers in 2021 and their average annual salary was $153,440. The lowest earning 10 percent made $77,680 or less, and the highest earning 10 percent made $208,000 or more per year. Compared to the previous year, the average salary has declined by 0.7%.

Do Marketing Managers make good money?

Marketing Managers usually receive good salaries, as their average salary is almost two times higher than the average wage in the United States ($58,260). Furthermore, they earn 68% more than the average wage of the Professional, Scientific, and Technical Services industry ($91,150).

Marketing Managers usually receive good salaries, as their average salary is almost two times higher than the average wage in the United States ($58,260).

Marketing Managers job growth

There has been a growth in the number of Marketing Managers being hired over the last two years. In 2021, there have been 8,490 more positions than the previous year nationwide, which marks a rise of 3.1%. The average job growth over the past 3 years has been 5.1%.

Financial Specialist average salary

Based on data from the US Bureau of Labor Statistics, 2.9M Financial Specialists were employed by the United States in 2021, and their average annual salary was $87,350. The lowest earning 10 percent made $43,720 or less, and the highest earning 10 percent made $140,710 or more per year. Compared to the previous year, the average salary has risen by 2.2%.

Do Financial Specialists make good money?

The average salary of Financial Specialists is about a half higher than the average salary in the United States ($58,260). In contrast, they earn 4% less than the average pay of the Professional, Scientific, and Technical Services industry ($91,150).

The average salary of Financial Specialists is about a half higher than the average salary in the United States ($58,260).

Financial Specialists job growth

In 2021, there have been 145,370 more Financial Specialist roles than the previous year nationwide, which marks a growth of 5.3%. Over the past 3 years, job growth has averaged 2.5%.

FAQ

Do Marketing Managers or Financial Specialists make more?

Marketing Managers make 76% more than Financial Specialists. Financial Specialists average around $87,350 per year, while Marketing Managers make $153,440 per year.