Executives in charge of market research are accountable for the design, coordination, and administration of market research programs.
What exactly does an executive in market research do? Common employers | Education and experience requirements | Essential skill sets
The results of market research may provide light on why individuals believe, purchase, think, or act in certain ways. It is used in the testing of new products, the evaluation of client preferences, the analysis of the competition, and the monitoring of employee or customer satisfaction.
Executives in charge of market research are accountable for the following:
talking with customers on the needs and goals of the project
Developing several types of research methodologies, such as surveys and interviews
doing research of either a qualitative or quantitative kind
settling on timelines and costs for the project
monitoring the work of others
tracking the development of the work
composing reports, which may or may not include suggestions for the customer
processing, interpreting, and displaying the obtained findings
providing guidance to customers on how they may most effectively utilize the findings
The job is challenging and comes with a high degree of responsibility as well as significant chances for advancement into senior management roles.
The typical companies that hire executives in market research
Organizations that do market research
Management consultants
Government departments
Companies that deal in advertising
Organizations for commercial gain
Manufacturers
Candidates are strongly encouraged to submit their applications for opportunities as soon as possible, particularly for organized graduate training programmes with major firms. The job finder page of the Market Research Society, employment services, and national newspapers, as well as related periodicals such as Campaign, Marketing, and Marketing Week, as well as their own websites. Because so many positions get so little advertising, networking, job-shadowing, and making speculative applications are all very necessary.
Qualifications and experience are expected of applicants.
There are entry points available for those who have completed their education at a high school or a university.
For admission into the field, a bachelor's degree in any subject is sufficient; however, some companies give preference to degrees in fields that involve the study of statistics. Qualifications at the postgraduate level in marketing may be obtained at a number of different universities, which can be to one's benefit. A scientific or technical education is often required for some positions, notably those in the field of industrial market research.
Gaining relevant job experience in any business field that demands interaction with consumers or the general public, such as retailing, sales, or marketing, may be valuable. This kind of experience can be very useful. Particularly valuable is experience conducting interviews for market research or canvassing potential customers.
Competencies essential for executives working in market research
Awareness of business practices
Excellent analytical skills
Organisational skills
Interpersonal skills
Numerical skills
abilities in communicating verbally.