Marketing Managers in Guam
Thinking about a career as a Marketing Managers in Guam? Below are the key facts. 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.
What do Marketing Managers Make in Guam?
The marketing managers working in Guam, wages run about $60,320 per year (or about $29.00/hour).Pay can range from $36,110 at the 10th percentile to $113,520 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $36,110 | $17.36 |
| 25th percentile | $47,230 | $22.71 |
| Median (50th) | $60,320 | $29.00 |
| 75th percentile | $84,720 | $40.73 |
| 90th percentile | $113,520 | $54.58 |
The location quotient — a measure of how concentrated this occupation is in Guam nationwide is 1.06.
National Wage Comparison
Nationally, marketing managers earn a median of $90,143 per year ($43.34/hour), below the Guam median.
Employment Outlook
There are roughly 271,208 marketing managers across the United States. In Guam alone, about 160 people work in this role. That trails the typical state, which employs around 3,650 marketing managers.
Top States for Marketing Managers Employment
View the states that employ the most marketing managers work.
| State | Number Employed |
|---|---|
| California | 56,300 |
| New York | 49,480 |
| Texas | 43,920 |
| Illinois | 21,670 |
| Florida | 20,630 |
| Massachusetts | 13,520 |
| Pennsylvania | 12,700 |
| New Jersey | 11,750 |
| North Carolina | 11,020 |
| Washington | 9,770 |
| Georgia | 9,180 |
| Ohio | 8,690 |
| Minnesota | 8,610 |
| Tennessee | 8,320 |
| Connecticut | 7,440 |
| Virginia | 7,170 |
| Maryland | 6,880 |
| Utah | 6,560 |
| Colorado | 6,230 |
| Michigan | 6,220 |
Highest-Paying States for Marketing Managers
These states pay the most for marketing managers.
| State | Annual Median Salary |
|---|---|
| Massachusetts | $192,480 |
| California | $178,160 |
| Virginia | $177,250 |
| Colorado | $173,390 |
| New Jersey | $173,310 |
| New York | $172,590 |
| Rhode Island | $171,250 |
| Washington | $168,800 |
| District of Columbia | $168,080 |
| Minnesota | $167,250 |
Skills
Top marketing managers skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
The abilities that matter most for marketing managers, rated on an importance scale of 0 to 5:
Daily Tasks
Marketing Managers typically:
- Identify, develop, or evaluate marketing strategy, based on knowledge of establishment objectives, market characteristics, and cost and markup factors.
- Formulate, direct, or coordinate marketing activities or policies to promote products or services, working with advertising or promotion managers.
- Evaluate the financial aspects of product development, such as budgets, expenditures, research and development appropriations, or return-on-investment and profit-loss projections.
- Develop pricing strategies, balancing firm objectives and customer satisfaction.
- Compile lists describing product or service offerings.
- Direct the hiring, training, or performance evaluations of marketing or sales staff and oversee their daily activities.
- Consult with product development personnel on product specifications, such as design, color, or packaging.
- Use sales forecasting or strategic planning to ensure the sale and profitability of products, lines, or services, analyzing business developments and monitoring market trends.
- Negotiate contracts with vendors or distributors to manage product distribution, establishing distribution networks or developing distribution strategies.
- Coordinate or participate in promotional activities or trade shows, working with developers, advertisers, or production managers, to market products or services.
- Initiate market research studies, or analyze their findings.
- Confer with legal staff to resolve problems, such as copyright infringement or royalty sharing with outside producers or distributors.
Work Activities
- Communicating with Supervisors, Peers, or Subordinates
- Establishing and Maintaining Interpersonal Relationships
- Working with Computers
- Organizing, Planning, and Prioritizing Work
- Making Decisions and Solving Problems
- Getting Information
- Thinking Creatively
- Selling or Influencing Others
- Identifying Objects, Actions, and Events
- Communicating with People Outside the Organization
- Developing and Building Teams
- Developing Objectives and Strategies
Tools & Technology
Common tools and software used in this occupation include: Hot technologies: Adobe Acrobat, Adobe After Effects, Adobe Creative Cloud software, Adobe Illustrator, Adobe InDesign, Adobe Photoshop, Amazon Redshift, Amazon Web Services AWS software, Apache Cassandra In-demand technologies: Atlassian JIRA
What Major Will Prepare You For This Career?
Programs that train for this career include:
- Marketing
- Specialized Sales
- Textile & Apparel Studies
- Human Sciences Business Services
- Pharmacy/Pharmaceutical Sciences
Featured schools near , edit
Related Careers
Careers similar to marketing managers include:
- Purchasing Managers
- Wholesale and Retail Buyers, Except Farm Products
- Logisticians
- Project Management Specialists
- Management Analysts
- Market Research Analysts and Marketing Specialists
Also Known As
Account Supervisor, Brand Manager, Business Developer, Business Development Director, Business Development Manager, Category Manager, Channel Manager, Commercial Director, Commercial Lines Manager, Digital Marketing Manager, Digital Product Manager, Fashion Coordinator, Fashion Marketer, Internet Marketing Manager, Market Analysis Director.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 11-2021.00
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