Marketing is the lifeblood of every business. To get customers for your business, you have to first attract them to your business. The way to do that is through marketing. However, before you attract customers to your business through marketing, you have to first attract marketers to your business.
What better way to attract marketers to your business than by paying them the right price for their services?
If you’ve been looking to flesh out or revamp your marketing department, then this marketing executive salary guide is right for your business.
The following are the people who will fill C-level and senior executive positions in your marketing department:
So, let’s discuss how much you would have to shell out to retain top talent for your marketing department.
The Chief Marketing Officer is responsible for creating and executing the broad sales and marketing strategy for your company. Chief Marketing Officers are usually utilized in large corporations that are usually publicly listed.
Your Chief Marketing Officer is also responsible for managing the sales and marketing team for your company or organization. This means that he’s where the buck stops when it comes to hiring and firing members of these teams. He/she should be able to evaluate senior executives in the marketing and sales departments.
According to Payscale, the average salary of a Chief Marketing Officer is about $174,662 per year. When hiring a Chief Marketing Officer, ensure that he has had a minimum of between 6 to 8 years of experience.
The Chief Sales Officer is a position that happens in companies that want to separate the marketing and the sales departments at the C-level. The Chief Sales Officer is the equivalent of the Chief Marketing Officer, but he is in charge of sales.
The Chief Sales Officer crafts the broad sales strategy for your company and would evaluate senior sales executives on their sales performance and metrics. He should also be able to evaluate prospective employees during interviews.
The median salary for a Chief Sales Officer is about $170,567 per year. This is just the average, as the salary ranges from a low of $97,000 to a high of about $250,000. Of course, if you’re the CEO of a Fortune 500 company, you should expect to shell out more money for the hiring of a Chief Sales Officer.
The Director of Marketing is the head of the marketing arm of the company. Small businesses, private and medium sized companies make use of a Director of Marketing. In larger companies that have a CMO, the Director of Marketing could be in charge of marketing for sub-sections of the company. This could be different regions, or different products.
The average salary for a Director of Marketing is usually around $107,332. When hiring a Director of Marketing, you should ensure the person has a minimum experience of 6 years.
The Director of Brand Marketing is responsible for crafting the brand image for your company. This is something that requires subtlety and as such, you need to have someone who is refined enough to carry out a task like this.
The Director of Brand Marketing is usually in charge of ensuring that there are smooth brand to customer interactions, and oversees the success of brand campaigns.
The average salary for a Director of Brand Marketing is about $121,759 per year. This is a point from a low of $63,000 to a high of $156,000 per year. While you can always use the average salary as a benchmark, the realities of your industry and unique brand position would also play a huge role in determining how much you pay.
The Director of Product Marketing is the alternative to the Director of Brand Marketing. While the Director of Brand Marketing is focused on ensuring that the brand gets a good image, the Director of Product Marketing is more concerned with the marketing strategy for the goods and services of your company.
The Director of Product Marketing handles things like product pricing, product strategy and analysis, developing your sales messaging, and so on. In essence, your Director of Product Marketing handles the pricing , positioning and packaging experience for your product.
The average salary you can expect for a Director of Growth Marketing is about $144,097 per year.
The Marketing Manager is one or two steps below the director of marketing. The Marketing Manager is responsible for the narrow marketing strategy connected with specific products and campaigns.
This means that the marketing manager handles things like positioning, and selling a specific product in your product line. If you’re a company that offers one product or service, the marketing manager is usually the person in charge of different marketing campaigns for your company.
The Marketing Manager is usually broadly responsible for supervising employees handling:
The average salary for a Marketing Manager in the United States is about $65,834 per year. Of course, how much this will finally be depends on your industry, location, and the specific needs of your business.
Social Media Marketing should be a very important part of your marketing strategy. However, while it might seem straightforward, it isn’t. It goes beyond creating an account and asking your customers to follow you.
To truly harness the power of social media, you need to hire a Social Media Marketer. This would be the person responsible for crafting your social media campaigns. They would also be in charge of ensuring that you grow your social media following and engage your customers.
The average salary for a Social Media Marketer is 53,460 per year.
Search Engine Optimization is a way for your company to get free traffic from Google by providing great content for users. However, you can always up the game by paying for Google Ads. This is what your SEO/SEM/PPC specialist would be doing for your company.
This is a very sensitive part of your company’s operations. If your SEM/PPC Specialist isn’t skilled enough, you’ll essentially be throwing money at Google and Facebook. Well, with the right salary, you can be sure to get the right SEO/SEM/PPC specialist for your company.
Generally, the average salary for a SEO/SEM/PPC specialist is $49,202 per year.
Trying to find the right talent to fill in the marketing roles at your company could be overwhelming. You can make things easy with Cowen Partners. At Cowen Partners, our skilled marketing and sales executive recruiters connect companies with top C-Level and Senior Executive talent who contribute their fair share to the growth of your company.
Check out our industry-leading resources, created by 5-star executive search consultants, to see why Cowen Partners is a nationally ranked sales and marketing executive search firm in New York City, Chicago, Portland, Seattle, Dallas, Los Angeles, and beyond: