Strategic Marketing Analyst

Career Area: Marketing and Public Relations

Occupation Group: Marketing Specialists

Salary

Percentile wages tell how much a certain percentage of an overall population in a geographic area or within a given industry or field makes. The percentile wage estimate is the value of a wage below which a certain percent of workers fall.

An example would be the 25th percentile, 25 percent of workers employed in that occupation earn less and 75 percent earn more than the estimated wage value. At the 75th percentile, 75 percent of workers employed in that occupation earn less and 25 percent earn more than the estimated wage value.

A typical Strategic Marketing Analyst earns the following wages (national and state):

State

The average salary in North Carolina for those pursuing this career is $79,110

National

The average salary in the United States for those pursuing this career is $79,447

What Does a Professional in this Career Do?

Responsible for collection and analysis of information including market data, competitive intelligence, commodity price data, competitors and competitive products, market share and market segmentation.

Employment Trends

The job demand and job growth statistics shown here were derived from job posts over the past year. Expected job growth projections are extrapolated from year-over-year job post listing history.

Job demand and job growth is expected at the following rates:

Skills

A professional in this position typically utilizes the following skills in the course of everyday work in this exciting and challenging field:

Baseline Skills

The following are baseline skills every Strategic Marketing Analyst is expected to have in order to experience success in this field:

• Communication Skills: The ability to convey information to another effectively and efficiently.
• Teamwork / Collaboration: Experience working in collaborative efforts with a team to achieve a common goal or to complete a task in the most effective and efficient way.
• Research: Experience performing creative and systematic work to understand a product, market, or customer, either before building a new solution, or to troubleshoot an existing issue
• Microsoft Excel: Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.
• Creativity: Mental characteristic that allows a person to think outside of the box, which results in innovative or different approaches to a particular task.

Specialized Skills

These skills are specific to working in this career:

• Marketing: Marketing is the study and management of exchange relationships.
• Market Strategy: Marketing strategy includes all basic, short-term, and long-term activities in the field of marketing that deal with the analysis of the strategic initial situation of a company and the formulation, evaluation and selection of market-oriented strategies that contribute to the goals of the company and its marketing objectives.
• Go-to-market Strategy: A go-to-market strategy (GTM strategy) is an action plan that specifies how a company will reach customers and achieve competitive advantage.
• Strategic Marketing: Experience defining and performing marketing activities that are consistent with a company s plans and use of resources over time to achieve it's communicated objectives
• Growth Strategies: Strategy aimed at winning larger market share, even at the expense of short-term earnings. Four broad growth strategies are diversification, product development, market penetration, and market development.

Distinguishing Skills

Any Strategic Marketing Analyst that possesses the following skills will stand out against the competition:

• Google Analytics: Google Analytics is a freemium web analytics service offered by Google that tracks and reports website traffic.
• Consumer Research: Consumer research is the research done on consumers preferences, attitudes, loyalty, usage and behavior in a market. It helps in understanding customers so that the marketing campaigns can be designed accordingly.
• Marketing Communications: Marketing communications (MC, marcom, marcomm) uses different marketing channels and tools in combination: Marketing communication channels focuses on any way a business communicates a message to its desired market, or the market in general.
• Corporate Marketing: Corporate marketing is the means by which a corporation or organization attracts potential customers.
• Marketing Development: Market development is a growth strategy that identifies and develops new market segments for current products. A market development strategy targets non-buying customers in currently targeted segments. It also targets new customers in new segments.

Salary Boosting Skills

A professional who wishes to excel in this career path may consider developing the following highly valued skills:

• Financial Modeling: Financial modeling is the task of building an abstract representation (a model) of a real world financial situation.
• Pricing Strategy: Experience optimizing the price of a product or service to fulfill a stated corporate strategy. This could be maximizing profitability, defend an existing market from new entrants, to increase market share within a market, or to enter a new market.
• Strategic Recommendations: Working experience of Strategic Recommendations, which refers to a systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Experience

This position typically requires the following level of experience. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list experience requirements.

Common Job Titles

It is possible to find work in this field in positions commonly listed as the following job titles:

• Business Development Associate
• Marketing Analyst
• Product Marketing Lead
• Corporate Finance Business Development Analyst Inside Sales
• Senior Marketing Data Analyst

Similar Occupations

If you are interested in exploring similar occupations, you may want to research the following job titles:

• Marketing Analyst
• Marketing Automation Analyst
• Product Marketing Analyst
• Marketing Campaign Analyst
• Digital Marketing Analyst
• Trade Marketing Analyst