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NYC VS BOSTON By: Brynn Jackel
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CAREER: MARKETING MANAGER City:New York City (Manhattan), NYBoston, MA Monthly Salary$61,000$56,000 Rent for 1-Bedroom Apartment$2932$1943 Budget for Groceries$250$300 Car Insurance$4122$1681 Utilities*$205$264 Health Insurance**$357$437 State Income Tax4-8.82% (depending on tax bracket) 6.24% based on salary 5.2% (flat rate) *Utilities = electricity, heating, water, garbage, and internet **Health Insurance = average monthly premium for individual plan
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GRAD SCHOOL? Not necessary A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
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HOWEVER, IT CAN HAVE SOME BENEFITS… If you do chose to get an MBA (with a concentration in marketing) it can advance your career in these ways: Your Professors are valuable industry contacts Having an MBA increases your credibility You can attend interesting events through your MBA course Having and MBA makes your more suitable for leadership roles Having an MBA can increase your earning potential According to US News & World Report, in 2013 the average cost of the top 10 business schools in the U.S. was $111,418 for tuition in a two-year MBA program.
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ADVANCEMENT OPPORTUNITIES If you were to get promoted from a Marketing Manager to a Marketing Director, your salary would increase to ~$133, 000. An MBA could help you to get this raise. Learned in Informational Interview: Ms. Wessleman worked her way up from Marketing Manager to VP of Brand Design Operations in the span of 18 years
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JOB TITLES AND EARNINGS OPTIONS ASSOCIATED WITH MBA IN MARKETING Job TitleSalary Brand Manager$121,790 Managing Director$133,000 Sales Produce Manager$153,045 Senior Marketing Manager$160,783 VP of Brand Design Operations$192,288
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SOURCES http://www.robertwalters.co.uk/marketing/CareerAdvice/is-an-mba-important-for- marketing-professionals.html http://www.robertwalters.co.uk/marketing/CareerAdvice/is-an-mba-important-for- marketing-professionals.html http://www.onetonline.org/link/summary/11-2021.00 http://www.onetonline.org/link/summary/11-2021.00 http://www.investopedia.com/articles/professionaleducation/09/mba-real- costs.asp http://www.investopedia.com/articles/professionaleducation/09/mba-real- costs.asp http://career-advice.monster.com/salary-benefits/salary-information/best-paying- mbas/article.aspx http://career-advice.monster.com/salary-benefits/salary-information/best-paying- mbas/article.aspx http://www.mba-online-program.com/marketing-mba.html http://www.mba-online-program.com/marketing-mba.html http://www.payscale.com/research/US/Degree=Master_of_Business_Administratio n_(MBA),_Marketing_%26_Management/Salary http://www.payscale.com/research/US/Degree=Master_of_Business_Administratio n_(MBA),_Marketing_%26_Management/Salary
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