Market Development Manager Jobs
A Market Development Manager is a vital position within an organization, dedicated to expanding and optimizing marketing operations for profitable growth and a robust client base. This role encompasses overseeing marketing initiatives, evaluating current projects, identifying improvement opportunities, and formulating strategies to leverage new market prospects.
The manager collaborates with various departments, such as sales and product development, to ensure cohesive goals and effective marketing execution. Key responsibilities include budget management, training program development, and supervision of marketing staff. Additionally, they monitor market trends, implement marketing strategies, and track performance to align with organizational objectives.
In summary, Market Development Manager Jobs are essential for driving marketing success and fostering strong client relationships.
National Yearly Income Range:
$80,000 - $140,000
Why Being a Market Development Manager is Great.
A Market Development Manager is a great job because it combines strategic thinking with creative problem-solving, allowing professionals to explore new markets and drive business growth. This role involves analyzing market trends, identifying opportunities, and developing effective strategies to expand a company's reach. With the ability to work cross-functionally, a Market Development Manager collaborates with various teams, fostering innovation and ensuring alignment with overall business goals. Additionally, the dynamic nature of this position keeps the work engaging and challenging, making it ideal for those who thrive in fast-paced environments.
Market Development Manager Jobs offer the chance to make a significant impact on a company's success while also providing opportunities for personal and professional growth.
Market Development Manager Job Duties And Responsibilities
The Market Development Manager plays a crucial role in assessing and enhancing existing marketing projects while developing strategic and tactical marketing plans. This position involves coordinating with various departments to ensure aligned goals and building strong relationships with stakeholders and potential clients. Additionally, the manager conducts market research to analyze trends, manages budgets for marketing initiatives, and oversees the training and daily activities of marketing staff. By leveraging digital marketing capabilities and utilizing CRM systems, the Market Development Manager enables effective lead generation and aligns team roles with company objectives to drive business growth.
Why be a Market Development Manager with IES Residential?
Becoming a Market Development Manager with IES Residential offers a unique opportunity to be part of a respected company with over 50 years of experience in the electrical services industry, known for its commitment to quality, safety, and customer satisfaction. In this role, you will leverage your skills to drive growth and expand the company’s diversified services portfolio, while benefiting from a supportive, family-oriented culture that emphasizes employee development and community engagement.
At IESR, your contributions will not only impact the company's success but also enhance the lives of customers and communities, aligning with our mission to build a better world through collaboration and innovation.
Company Benefits
Competitive Wages
401(k) Plan with Contribution Matching
Paid Time Off (PTO)
Company Paid Life Insurance
Medical, Dental, & Vision Coverage
Short Term Disability Plans
Optional Long-Term Disability
Optional Critical Illness, Accident, Legal, & Pet Coverage.
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FAQs
What's a Market Development Manager's job description?
A Market Development Manager is responsible for expanding a company's market presence and optimizing marketing operations to drive profitable growth. Key duties include overseeing marketing initiatives, assessing existing projects, identifying improvement areas, and developing strategies for new market opportunities. This role involves collaboration with sales, product development, and external partners to ensure cohesive marketing execution. Essential skills include strategic thinking, analytical abilities, and relationship-building. Responsibilities also encompass budget management, training program development, and performance tracking of marketing strategies to align with organizational goals.
What is the average salary of a Market Development Manager?
The average salary of a Market Development Manager is approximately $111,159 per year, with a range typically between $80,000 and $140,000 annually. Hourly rates average around $53, with a range from $38 to $67 per hour. Salaries can vary based on industry, location, and employer.
How do I get a Market Development Manager job?
To secure a Market Development Manager job, start by obtaining a bachelor's degree in business, marketing, or a related field; an MBA can enhance your prospects. Gain 8-10 years of relevant experience in marketing or sales, ideally with leadership responsibilities. Consider earning certifications like Certified Sales Professional or Project Management Professional to stand out. Develop strong analytical, communication, and digital marketing skills, along with the ability to conduct market research and manage budgets. Cultivate personal traits such as high energy, independence, and strong social skills to effectively build relationships and drive results. Networking and applying to relevant job openings will also be crucial in your job search.
What are the job duties of a Market Development Manager?
A Market Development Manager is responsible for assessing and improving marketing projects, developing strategic marketing plans, and coordinating with various departments to align goals. Key duties include conducting market research, managing budgets, building relationships with stakeholders, and supervising marketing staff. They evaluate financial aspects of development, negotiate agreements, and create sales materials. Additionally, they track customer data, measure marketing program impacts, and identify new business opportunities. The role also involves planning corporate events, managing CRM systems for lead tracking, and implementing digital marketing strategies.
How much does a Market Development Manager make per hour?
A Market Development Manager typically earns between $38 and $67 per hour, with an average hourly rate of around $53.
Is a Market Development Manager job fullfilling?
A Market Development Manager job can be fulfilling for those who enjoy strategic planning, relationship building, and driving business growth. The role often involves creativity, problem-solving, and the opportunity to make a significant impact on a company's success, which many find rewarding. However, fulfillment can vary based on individual interests and company culture.
How long does it take to become a Market Development Manager?
Becoming a Market Development Manager typically takes around 8 to 10 years. This includes obtaining a bachelor's degree in a relevant field, gaining extensive experience in marketing or sales, and developing essential skills such as leadership, communication, and analytical abilities. Additional certifications can enhance qualifications and career prospects.
Is there a demand for Market Development Managers?
Yes, there is a strong demand for Market Development Managers as businesses seek to expand their market presence and drive growth. Their expertise in identifying new market opportunities and developing strategic plans is increasingly valuable in a competitive landscape.
What are Market Development Manager career paths?
Market Development Managers can pursue various career paths, including advancing to senior management roles such as Director of Marketing or Vice President of Sales. They may also transition into related fields like business development, product management, or strategic planning. Additionally, some may choose to specialize in specific industries or markets, while others might start their own consulting firms or businesses. Continuous professional development and networking can further enhance career opportunities in this field.
What are the job responsibilities of a Market Development Manager?
A Market Development Manager is responsible for assessing and improving existing marketing projects, developing and implementing strategic marketing plans, and coordinating with various departments to ensure aligned goals. Key duties include conducting market research, managing budgets, building relationships with stakeholders, and supervising marketing staff. They evaluate financial aspects of development, negotiate agreements with sales representatives, and track customer data to inform program development. Additionally, they manage the execution of national initiatives, plan corporate events, and utilize CRM systems for lead management, all while aligning team roles with company objectives.
What are the requirements to get a Market Development Manager job?
To become a Market Development Manager, candidates typically need the following requirements:
1. Education: A bachelor's degree in business, marketing, communication, management, or finance is essential. An MBA can be advantageous.
2. Experience: 8-10 years of experience in marketing, sales, or a related field is usually required, with a preference for those who have managed teams and coordinated with external partners.
3. Certifications: Relevant certifications, such as Certified Sales Professional or Professional Certified Marketer, can enhance qualifications.
4. Skills: Key skills include strong critical and creative thinking, analytical and problem-solving abilities, excellent communication and presentation skills, digital marketing expertise, and budget management capabilities.
5. Personal Characteristics: Successful candidates often exhibit high energy, maturity, independence, collaboration skills, and a results-oriented mindset. Strong social skills for relationship building are also important.
Are there entry level Market Development Manager jobs?
Yes, entry-level Market Development Manager positions exist. Typically, these roles require a bachelor's degree in marketing, business, or a related field. Essential skills include strong communication, analytical thinking, and project management abilities. Familiarity with market research tools and a basic understanding of sales strategies can also be beneficial. Internships or relevant experience in marketing or sales can enhance candidacy.
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