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Marketing is a form of communication between you and your customers with the goal of selling your product or service to them. Communicating the value of your product or service is a key aspect of marketing.
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Marketing promotes product awareness to the public Marketing helps boost product sales Marketing builds company reputation Helps in communicating with key stake holders Helps in desscribing and explains the importance and authenticity of your product and services
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Curious about a career in marketing? Here's a snapshot of a typical day: Position a company's brand in the marketplace, competing for customers across mobile, web, social media and print channels Research customer behavior to uncover the trends: where they are, what they do, and what they value most Turn market research into actionable business insights and goals Create and strategize multi-channel marketing campaigns, from print pieces to interest Experiment with emerging technology to cultivate loyal customers and brand enthusiasts
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Depending upon your chosen career path, people in marketing engage in a wide variety of job duties. Here are some of the tasks that marketing professionals perform: Negotiate contracts, advertising media or products to be advertised Research and plan advertising campaigns Decide which media to advertise in, such as radio, television, print, online and billboards Develop pricing strategies for products to be marketed, keeping the client’s budget balanced with the firm’s needs Meet with clients to present campaigns and offer advice and strategies
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Data-driven Creative Great storyteller Collaborative Customer-focused Flexible Forward-thinking Curious Well-rounded Humble
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A bachelor's degree is the usually preferred degree type to enter the world of marketing and there are many degree options available for students who wish to attend a traditional school or an online school. If you want to move into a management position however, you’ll have the best opportunities if you earn a master's degree or a Master in Business Administration (MBA). Certification is not required in general in a marketing career, but there are some professional credentials available. These certifications indicate that you are flexible to changes and a qualified professional in your field. Too, completing these programs may give prospective job candidates a competitive advantage.
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The marketing field covers a broad range of career paths, from the creative to the analytical: At the entry level, you find media buyers responsible for purchasing advertising time and materials. At smaller companies, marketing specialists handle that task, and they also provide promotional copy and package design and help with marketing strategy. Public relations assistants help relate a company's goals to the public, through press releases, research, press coordination and events.
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Advertising managers create interest for products and services and work with sales staff to design advertising campaigns for clients. They also prepare the budgets for these campaigns. Public relations managers are responsible for maintaining a positive public image for their client base and generate press releases and programs to promote that image. Marketing managers estimate the demand for a product and identify markets in which the product will best thrive and prosper, as well as develop pricing strategies to help maximize market share. Promotions managers direct and plan programs by using direct mail, Internet advertising, store displays, special events, sweepstakes and contests, social media and endorsements to increase sales and profits. Brand managers are responsible for creating and instituting brand assets for a company or product. Sales managers direct sales force and set goals and enforce profit projections for the team and for the organization. Market research analysts study market conditions to explore the potential sales of a product or service and estimate its profitability; gather data about who will buy a product and at what price.
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Course work for a marketing bachelor's degree covers such specialized subjects as these: Current trends and practices in marketing products and services Applied marketing research Sales and sales management issues Marketing communication
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Jobs directly related to your degree include: Advertising account executive Advertising account planner Advertising art director Advertising copywriter Market researcher Marketing executive Media buyer Media planner
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Marketing Career Median Annual Salary* Marketing Specialist$61,290 Market Research Analyst $61,290 Advertising Manager$123,450 Public Relations Manager $101,510 Marketing Manager$123,450
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The job market for those in marketing is intensely competitive and where at one time a bachelor's degree might have been sufficient to enter the field, more and more employers are looking for master's degree-or MBA-holders. In some fields, such as market research analyst, a master's degree may be required. Advertising managers who can navigate the digital world should have an advantage when it comes to finding a job, says the BLS.
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Depending upon your level of dedication, marketing majors can take the following time to complete: Associate's degree programs, which provide entry-level opportunity, usually take two years A bachelor's degree program takes four years Master's degree programs and MBAs generally require one to two years
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The cost of bachelor's degree programs varies depending upon the type of institution you attend. According to College Board's Trends in College Pricing 2015-2016, the average annual cost* for a four-year, public institution runs around $9,400 for in-state tuition and $23,400 for out-of-state tuition. The average annual cost for a four-year private non-profit school is $32,405 and $15,610 for a private for-profit school. Master's degree program tuition at in-state public institutions costs an average of $8,225 per year, and doctorate program tuition costs $10,354 per year at in-state public institutions. Attending an accredited school may allow you to apply for financial aid, whether the school you select is a traditional classroom or an online program.
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Indian Institute of Management, Ahmedabad (IIM A) Indian Institute of Management, Kolkata (IIM K) Indian Institute of Management, Bangalore (IIM B) Indian Institute of Management, Lucknow (IIM L) XLRI – Xavier Labour Research Institute, Jamshedpur
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1 Northwestern University 708 2 Harvard Business School 730 3 The Wharton School, University of Pennsylvania 725 4 INSEAD (Singapore) 704 5 IE Business School 680
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Group Members- Muskaan Sahoo Divya Labru Gunpreet Singh Ravee Yadav Naman Awal Kshitij Sawhney
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