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What does a Market Research Manager earn?
Market Research Managers typically earn around £31,700 each year in the UK. Often they work with companies and organisations to gather data and insights, which allows them to identify business and market trends. Additionally, they may oversee research studies, analyse data, and interpret results to help inform strategic decisions, support product launches, and manage pricing strategies. Market Research Managers may also be responsible for developing strategies to improve customer engagement, satisfaction and loyalty.
How to earn more as a Market Research Manager
To become a Market Research Manager, you will need a degree in market research or business analytics. Alternatively, you could look at a degree apprenticeship. To achieve higher earnings in the role, you could move into a specific area such as customer insight, or take on the responsibility of a manager within a market research business. You could even become self-employed or establish your own market research firm. Highly regarded Market Research Managers are able to make over £59,800 a year.
Min: £18,117.00 Max: £59,800.00
Average Market Research Manager Salary in UK : £31,661.76
Read about Market Research Manager salaries, related jobs and salary information across the UK
Market Research Manager Salary data from the ONS
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Average Salary for Market Research Manager compared to similar jobs
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| Job Title | UK Average |
|---|---|
| Analyst Salary in UK | £38,950.34 |
| Marketing Analyst Salary in UK | £40,403.18 |
Salary by Region
Compare Market Research Manager salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £31,506.83 |
| Wales | £30,769.14 |
| East Midlands | £28,628.01 |
| Eastern | £27,696.20 |
| London | £31,908.54 |
| North East | £21,727.30 |
| North West | £25,828.17 |
| South East | £28,813.60 |
| South West | £26,878.50 |
| West Midlands | £26,430.08 |
| Yorkshire and the Humber | £27,466.43 |
Annual Job Ads by Region
Understanding the Average Market Research Manager Salary in the UK
As a Market Research Manager in the UK, it is important to have a clear understanding of the average salary in this field. According to average Marketing salaries, the average salary for a Market Research Manager in the UK is £31,700 per year. This figure can vary depending on factors such as location, industry, and level of experience.
Salary Expectations for Newly Qualified Market Research Manager
If you are a newly qualified Market Research Manager, it is essential to have realistic salary expectations. Entry-level positions in this field typically offer a starting salary of around £18,100 to £59,800 per year. To explore job opportunities for newly qualified Market Research Managers in the UK, you can visit job search websites.
Salaries for Experienced Market Research Manager
Experienced Market Research Managers in the UK can expect higher salaries compared to their entry-level counterparts. With several years of experience, the average salary for a Market Research Manager can range from £18,100 to £59,800 per year. This increase in salary is a reflection of the expertise and knowledge gained over time.
Creating a Market Research Manager CV
When applying for a Market Research Manager position, having a well-crafted CV is crucial. To ensure your CV stands out from the competition, you can use a CV template specifically designed for Market Research Analysts. This template will help you highlight your skills, experience, and qualifications in a professional and organized manner.
Career Development Opportunities for Market Research Manager
As a Market Research Manager, there are various career development opportunities available to further enhance your skills and advance your career. To explore these opportunities and gain valuable insights, you can refer to career advice specifically tailored for Market Research Managers in the UK.
Comprehensive Compensation for Market Research Manager
Aside from the base salary, Market Research Managers in the UK may also receive comprehensive compensation packages. These packages can include bonuses, profit-sharing, healthcare benefits, retirement plans, and other perks. The specific details of the compensation package will vary depending on the employer and industry.
Strategies for Increasing Your Salary as a Market Research Manager
If you aspire to increase your salary as a Market Research Manager, there are several strategies you can employ. These include continuously updating your skills and knowledge, seeking additional certifications or qualifications, taking on leadership roles, and demonstrating exceptional performance in your current position. By consistently striving for excellence, you can position yourself for salary advancements and promotions.
Professional Development and Earnings
Investing in professional development can significantly impact your earnings as a Market Research Manager. By attending industry conferences, workshops, and training programs, you can expand your knowledge base and stay updated with the latest trends and techniques in market research. This continuous learning can lead to increased job opportunities and higher earning potential.
Capitalising on Extra Hours and Duties
As a Market Research Manager, there may be opportunities to take on extra hours or duties that can contribute to your overall earnings. This can include participating in special projects, conducting additional research, or providing consulting services. By capitalizing on these opportunities, you can not only increase your income but also showcase your dedication and commitment to your role.
