Minneapolis ranks high for number of marketing managers by city.
Marketing managers plan and direct policies and programs intended to maximize a company's profits. They analyze demand for products and services, identify potential customers, research competitors, determine effective pricing and formulate promotional strategies. Keen competition exists for these prestigious and lucrative jobs. More than half of all marketing managers in the Minneapolis, Minnesota, area earn more than $116,000 per year as of 2010.
Average Salary
The U.S. Bureau of Labor Statistics includes Minneapolis with the greater metropolitan area including St. Paul, Bloomington and parts of Wisconsin. The average salary for marketing managers in this region as of May 2010 was $59.79 per hour, or $124,360 per year. The median annual salary, or the number in the exact middle of all the salary figures for this occupation, was about $116,580. The average salary was a bit higher than the Minnesota statewide average for marketing managers of $121,570 per year, and the nationwide average of $122,720.
Salary Range
The middle 50 percent of Minneapolis marketing managers on the earnings scale had salaries of $95,950 to $143,160 per year in 2010. The nationwide middle 50 percent range was wider, at $80,900 to $151,260 per year.
Statewide Comparisons
The Minneapolis-St. Paul area was the highest-paying location in Minnesota for marketing managers in 2010. The next-highest average pay was in Rochester, at $113,610 per year, and in the southwest nonmetropolitan area of the state at $111,840. The lowest-paying area for marketing managers in Minnesota was in the southeast nonmetropolitan area of the state, where the average annual salary was $90,720 and in St. Cloud at $93,670.
National Ranking
By metropolitan region in the United States, the greater Minneapolis area ranked seventh in employment level for marketing managers, with New York City in first place. The southeast Minnesota nonmetropolitan area ranked first for employment level of marketing managers in nonmetropolitan regions.
Tags: marketing managers, nonmetropolitan area, annual salary, area ranked, area state