Whenever a person is searching for a job, his first query is about salary. Many people study marketing and finances due to the fact that it has a high scope and more compensation. In this article, we will learn about the income of a senior marketing manager and all the requirements we need to become a successful senior marketing manager who earns more than enough. Let’s learn about ‘Salaries For Senior Marketing Manager’.
Salaries For Senior Marketing Manager
Salaries of a senior marketing manager vary from state to state in the United States. The most emerging query is about how much they earn annually. The average salary of a Senior marketing manager is $100k approximately in the United States. The salary depends upon certain different factors as well which include skills and experience. They also receive additional compensation that includes health benefits, Parental leaves, Paid time off, etc. They make enough to earn their livelihood and the cost of their living. Deduction of taxes also takes place from the salary of senior marketing managers.
Senior Marketing Manager Job Description:
A senior marketing manager can be described as a person who is usually a significant person managing and looking after marketing planning, product expansion, and brand management. Senior marketing managers are also accountable for researching targets and competitors’ markets, arrangement of display marketing, and providing feedback on their product development. They must work with sales, marketing, and production employees. They aim to recognise and determine objectives and targets. They also plan marketing strategies to reach those objectives and goals.
A responsible senior marketing manager surpasses at thinking innovatively and strategically, has knowledge of marketing principles and knows how to run marketing campaigns. A senior marketing manager generally gives reports to the director of marketing. Due to this, the senior marketing manager generally works as a bridge between the marketing department and the company executives. A bachelor’s degree is required, and some companies prefer to hire employees with an MBA degree.
Average Salary of Senior Marketing Manager:
The question that arises in many people seeking a job in the marketing field is how Much Does a Senior Marketing Manager Make in the US? According to some studies, the average salary for a Senior Marketing Manager in the United States is approximately $115k annually. The average supplementary cash compensation for a Senior Marketing Manager in the United States is $13k per annum. The average compensation that is beneficial, for a Senior Marketing Manager in the United States, is approximately $128k.
Senior Marketing Manager Salary in New York:
The average salary of a senior marketing manager in New York is $121k per year. The salary range started initially from $85k per annum, reaching $200k per annum in New York City. The additional compensation is also included.
Salary Ranges of Senior Marketing Managers:
The salaries of Senior Marketing Managers in the United States range from $37k to $375k annually, with an intermediate wage of $120k per year. The average percentage of Senior Marketing Managers earn between $120k and $205k, with only some top highly experienced senior marketing managers making $375k per annum.
Factors Affecting Salary of Senior Marketing Manager:
Certain factors cause variances in the salaries of different senior marketing managers. These factors include the followings:
Experience
Likewise, other professions’ experience is significant in the salary of a senior marketing manager. An entry-level senior marketing manager earns approximately $80k per year, while a mid-career senior marketing manager earns $98k per year, which is relatively higher. In contrast, an experienced senior marketing manager who has worked more than ten years can earn up to $110k per year.
Location
Sunnyvale is the highest paying city for senior marketing managers paying an average of $127k per year to a senior marketing manager. After this, San Francisco pays a median of $126k to a senior marketing manager. This shows that location of the company matters in the average salary of a senior marketing manager. It can also be initiated by how large the company a person is working for.
Job Title
There are different levels and titles of senior marketing managers. A manager who individually plans all marketing strategies for a company is paid more than a person who governs a team. Also, there is the senior digital marketing manager and senior marketing associate. We can summarise that different job titles have different salaries in the marketing industry.
Skills
Knowledge skills affect the salary; a person with more know-how about modern techniques and software is supposed to earn more than someone with lesser knowledge. Skills like tableau software, Change management, and strategy relatively affect the salary of a senior marketing manager to a greater extent. Even if a person who is working in the field for a long time wants to get an increment, he had to learn modern techniques and upgrade his skills.
Conclusion
In a nutshell, Senior marketing managers earn enough money to live a happy life. They can increase their income by gaining more skills and learning new techniques and experiences. They can gain experience working under their seniors and guiding the newcomers.
The location and the size of the company also tend to affect the salary of senior marketing managers. The highly qualified and skilled people are relatively earning more than even experienced ones. The average salary of a senior marketing manager in recent times is $120k. With time they can make more and achieve more success if they will learn new strategies and modernize their system.
FAQs:
- Which company is on top for a senior marketing manager job?
Illumina is reported to give $200k per year to their senior marketing managers, which is higher than many other companies.
- How much tax is deducted from a senior marketing manager’s salary?
The deduction of Federal Tax is taken from the salary of a senior marketing manager, which is almost 24%.
- Does gender affect the salary of a senior marketing manager?
Most of the time, Gender does not affect the salary of the senior marketing manager. Whether male or female, his salary depends upon his skill and qualification.
