Masters Degree in Marketing
A masters degree in marketing can be pursued either as a masters in marketing or as a specialization within an MBA program depending on your needs and the type of classes offered at the university or college you choose. In any form, a masters in marketing will prepare you to excel at developing an image or brand awareness for the products or services your company offers to consumers. The goal of marketing is to package whatever you are selling in the best possible way to sell it to the public.
The responsibilities of an individual using a marketing masters degree can range from doing consumer research to developing proper packaging and advertising campaign to entice buyers. In many instances you will also be involved in the initial design or creation of a product in order to ensure it meets the expectations of the target audience. Understanding consumer behavior and responding to it appropriately are crucial to the success of any business, and marketing professionals are key to this process.
What is the Core of a Masters in Marketing Program?
The primary focus of a masters of marketing program is learning how to understand the needs and desires of consumers and translate that information into effective sales processes. Coursework which include principles of marketing, market research and analysis, supply and demand economics, buyer dynamics, consumer psychology, cost and profit relationships, pricing theory, strategic planning, marketing development, sales management, consumer relations, retail sales theory and application, advertising essentials, statistical analysis, marketing research methods and a variety of marketing techniques that may vary depending on product, service and market segment.
In most programs for a masters of marketing degree, you will do extensive market research as well as classroom work on theoretical models of sales and marketing. Developing a campaign of your own, from test markets to final sales pitch, is often a prerequisite for graduation. A combination of creativity and perceptiveness of the wants and needs of others will give you the edge in pursuit of a master of science in marketing. If you enjoy writing and creating new concepts that will catch the eye and excite the senses as well as having a flair for communication, marketing may be the perfect business degree for you.
The Excitement of Putting a Masters in Marketing to Work
There are a number of career opportunities for the individual with a marketing masters degree, all of which can put you into the thick of influencing public opinion. As a marketing executive with a large business, you can determine how to reach the consumer and influence his purchasing decisions through sales campaigns and marketing strategies designed by you and your team.
Market research organizations also hire specialists to do independent research for companies, government agencies and websites that provide product reviews. These positions require excellent analytical skills and a rapport with the public as well as good communications skills in order to put together market analysis reports that will indicate what survey participants think about anything from the cost of a particular product to whether they have a positive response to a specific style of advertisement. With a marketing masters degree, you can put together everything needed to understand the public consumer.