Median annual earnings in the industries employing the largest numbers of marketing managers in May 2004 were as follows:
Computer systems design and related services |
$107,030 |
Management of companies and enterprises |
98,700 |
Insurance carriers |
86,810 |
Architectural, engineering, and related services |
83,610 |
Depository credit intermediation |
76,450 |
Median annual earnings in the industries employing the largest numbers of sales managers in May 2004 were as follows:
Computer systems design and related services |
$119,140 |
Wholesale electronic markets and agents and brokers |
101,930 |
Automobile dealers |
97,460 |
Management of companies and enterprises |
95,410 |
Machinery, equipment, and supplies merchant wholesalers |
84,680 |
According to a National Association of Colleges and Employers survey, starting salaries for marketing majors graduating in 2005 averaged $33,873; starting salaries for advertising majors averaged $31,340.
Salary levels vary substantially, depending upon the level of managerial responsibility, length of service, education, size of firm, location, and industry. For example, manufacturing firms usually pay these managers higher salaries than do nonmanufacturing firms. For sales managers, the size of their sales territory is another important determinant of salary. Many managers earn bonuses equal to 10 percent or more of their salaries.
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