What's the Employment Outlook for Marketing and Advertising Careers?

<p>According to data released in 2021 by the U.S. Bureau of Labor Statistics (BLS, <i>www.bls.gov</i>), there were 278,690 people holding jobs as marketing managers and 22,520 individuals employed as advertising and/or promotions managers. From 2021 to 2031, jobs for marketing and advertising managers are expected to grow by 10% (or 33,700 new jobs) which is faster than the average growth rate for all occupations. Most of this job growth, according to the BLS, is attributable to competition for products and services as well as Internet advertising. </p> <h3 id="section---ImportantFactsAboutThisCareer">Important Facts about this Career</h3> <p /> <table border="1"><tr><th> </th><th>Advertising and Promotions Managers</th><th>Marketing Managers</th></tr> <tr><td>Median Pay (2021)</td><td>$127,150</td><td>$135,030</td></tr> <tr><td>Job Outlook (2021-2031)</td><td>7% job growth (faster than average)</td><td>10% (faster than average)</td></tr> <tr><td>Work Environment</td><td>Most are employed by advertising, public relations, or related services; some work over 40 hours a week</td><td>Most are employed by professional, scientific, and technical services or are in management of companies and enterprises</td></tr> <tr><td>Similar Occupations</td><td>Advertising Sales Agents, Fundraising Managers</td><td>Market Research Analysts, Public Relations Specialists</td></tr> </table><p><i>Source: U.S. Bureau of Labor Statistics</i> </p> <h3 id="section---IndustrySpecifics">Industry Specifics</h3> <p>The employment outlook for jobs in marketing and advertising varies by a specific industry. For example, a decline of about 10% is expected for advertising and promotions managers in the newspaper publishing industry. But, it is predicted that jobs will increase in digital and social media marketing. </p> <h3 id="section---JobCompetition">Job Competition</h3> <p>The BLS notes that competition for marketing and advertising positions will be intense. There are many highly qualified people looking for these positions, so candidates with college degrees, creativity, and excellent communication skills will have the best chances. Computer skills will also be important for Internet-related marketing and advertising positions.</p>