Career Path: Market Research

“Be willing to learn, constantly learn, and re-learn.” - Sian Cunningham’16

Description

Market research analysts perform research and gather data to help a company market its products or services. They gather data on consumer demographics, preferences, needs, buying habits and evaluate them using statistical techniques and software. Their aim is to interpret what the data means for their clients and forecast future trends. They often make charts, graphs, and other visual aids to present the results of their research.

Facts & Figures

Figures taken from Forbes, GlassDoor, PayScale, and the Bureau of Labor Statistics.

  • Number of Jobs in 2020: 740,900
  • Job outlook: 22% (2020-2030)
  • Starting salary: $70,079/yr
  • Mid-career salary: $84,236/yr
  • Typical Entry-Level Education: Bachelor’s Degree

Soft Skills

  • Capability to cope with fast-paced and pressured work
  • Accuracy
  • Strong attention to detail and a strong analytical mind
  • Ability to notice patterns within
    statistics

How to Get Started

  1. Connect with Beloit Alumni in market research careers.
  2. Pursue internship in market research.
  3. Join Belmark Associates (student-run market research firm under CELEB).
  4. Take Beloit College courses in quantitative and qualitative research methods (e.g. Marketing Research Workshop).
  5. Talk with your advisor and Economics & Business faculty:
  6. Visit Career Works.

Alumni Stories

Joseph Weishaar ’03

Acquiring as much hands-on experience as possible

Joseph Weishaar ’03 is currently the Director of Asset Management at an affordable housing firm in NYC, whose interest was fuelled by various involvement with city development projects in his time at Beloit College.

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Georgia Armitage ’19

Pursuing passion for Research

Georgia Armitage ’19 knew Beloit was “the right place” thanks to her engagement from taking an Economics class with Professor Diep Phan. Beloit helped her realize how to learn and how to think about questions from multiple angles, which prepared Georgia for a career in Research.

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