According to data from the US Bureau of Labor Statistics, the average salary for Sales Managers is $142,390 per year, while Marketing Managers earn an average of $153,440 per year. This indicates that the salaries for these two occupations are similar.
However, the salary of an employee can be influenced by factors such as location and experience. For example, Sales Managers working in New York (with a salary of $195,580 on average) may earn more than those in Mississippi ($90,330). To provide another instance, Marketing Managers in New York have an average salary that is 93% higher than those in Mississippi.
Sales Managers vs Marketing Managers overview
Sales Managers and Marketing Managers are two important roles in the Professional, Scientific, and Technical Services industry. Many people are interested in understanding the distinctions between these jobs, including the average salary for each of them.
Sales Manager job description
Sales Managers plan, direct, or coordinate the actual distribution or movement of a product or service to the customer. Coordinate sales distribution by establishing sales territories, quotas, and goals and establish training programs for sales representatives. Analyze sales statistics gathered by staff to determine sales potential and inventory requirements and monitor the preferences of customers.
Sales Manager education and experience
The majority of Sales Managers (65%) have obtained a Bachelor's Degree. However this occupation also includes some employees who have an Associate's Degree (13%) and a Post-Baccalaureate Certificate (9%). Regarding experience, about a third of Sales Manager jobs require a 6 to 8 years of experience in the field. A smaller percentage of jobs (26%) require a previous experience of 4 to 6 years.
Sales Manager average salary
As stated by the US Bureau of Labor Statistics, the United States employed 453,800 Sales Managers in 2021, and the mean income they earned annually was $142,390. The bottom 10 percent had earnings of $61,090 or less, and the top 10 percent had earnings of $208,000 or more. The average salary has decreased by 3.5% compared the previous year.
Do Sales Managers make good money?
Sales Managers are usually paid well, as their average salary is 144% higher than the average wage in the United States ($58,260). Moreover, they earn 56% more than the average wage of the Professional, Scientific, and Technical Services industry ($91,150).
Sales Managers are usually paid well, as their average salary is 144% higher than the average wage in the United States ($58,260).
Sales Managers job growth
In 2021, there have been 63,630 more Sales Manager positions than the previous year nationwide, which marks a rise of 16.3%. The average job growth over the past 3 years has been 6.5%.
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
Most Marketing Managers (56%) have completed a Bachelor's Degree. But this field also includes some employees who have a Master's Degree (24%) and a First Professional Degree (11%). With regard to experience, about a third of Marketing Manager occupations require a 8 to 10 years of previous work-related experience. A smaller number of roles (19%) require a previous experience of 4 to 6 years.
Marketing Manager average salary
Based on data from the US Bureau of Labor Statistics, 278,690 Marketing Managers were employed by the United States in 2021, and their average annual wage 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 mean salary has declined by 0.7%.
Do Marketing Managers make good money?
Marketing Managers usually receive good salaries, since their mean salary is almost two times above the average wage in the United States ($58,260). Furthermore, they make 68% more than the mean earnings of the Professional, Scientific, and Technical Services industry ($91,150).
Marketing Managers usually receive good salaries, since their mean salary is almost two times above the average wage in the United States ($58,260).
Marketing Managers job growth
Marketing Managers have seen growth in employment over the past two years. In 2021, there have been 8,490 more positions than the previous year across the nation, and that marks a rise of 3.1%. Over the past 3 years, job growth has averaged 5.1%.
FAQ
Do Sales Managers or Marketing Managers make more?
These two jobs have similar salaries. Sales Managers average around $142,390 per year, while Marketing Managers make $153,440 per year.
How long does it take to become a Sales Manager vs Marketing Manager?
Both Sales Manager and Marketing Manager occupations typically require a Bachelor's Degree. Completing a Bachelor's Degree most often takes around 4 years of study.
Is it harder to become a Sales Manager vs Marketing Manager?
It is not harder to become a Sales Manager versus a Marketing Manager, as they both require the same level of education.
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