Description

A market research manager works in the field of marketing and advertising to collect data on consumer behavior and help brands and companies understand how to better appeal to customers. Modern businesses need this information to create better products, address problems and issues with existing products, and offer high quality and value to consumers, so it is essential for a market research manager to understand effective communication and to possess excellent interpersonal skills.

Market research managers usually spend their work days developing strategies to collect and interpret data from consumers, typically through online surveys, in-person focus groups, and other research methods. Once the information has been aggregated, the manager is responsible for implementing a plan of interpretation that provides helpful conclusions for the brand or company.

Market research managers should have a bachelor's degree in communication, marketing, or a similar field. They should also be comfortable with using computers to record, sort, and analyze collected data. Most managers begin their career working as part of market research staff and work their way up to a supervisory position. It is often preferred that individuals have considerable experience in market research prior to taking a management position. In most cases, market research staff work in an office environment, though sometimes research is carried out in the field (i.e., in a large public setting, such as a shopping mall or busy street).

Roles & Responsibilities

As a Market Research Manager with 0-3 years of experience in Singapore, your main responsibilities include:

  • Collecting and analyzing market data to identify trends and opportunities for the company's products or services.
  • Assisting in the development and implementation of market research strategies and methodologies.
  • Conducting competitor analysis and monitoring industry trends to provide insights for business decision-making.
  • Creating reports or presentations to communicate research findings and recommendations to stakeholders within the organization.

Qualifications & Work Experience

For a Market Research Manager job role, the following qualifications are required:

  • Extensive experience in conducting market research studies, including designing research methodologies, collecting data, and analyzing insights to support business decision-making.
  • Strong analytical skills to interpret market trends, competitor analysis, and customer behavior, and effectively communicate findings to senior management.
  • Proficiency in using market research tools and software to gather and analyze data, such as survey platforms, statistical analysis software, and data visualization tools.
  • Excellent project management abilities to plan, execute, and oversee market research projects, ensuring timelines, budgets, and deliverables are met efficiently.

Essential Skills For Market Research Manager

1

Research Analysis

Skills That Affect Market Research Manager Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Research Analysis

8%

Career Prospects

The Market Research Manager role is a vital position that requires 0-3 years of experience in Singapore. For professionals looking for alternative career options, here are following possibilities:

  • Data Analyst: A role that involves analyzing market data to identify trends, patterns, and opportunities for business growth.
  • Product Manager: A position focused on developing and launching new products, conducting market research, and defining product strategies.
  • Marketing Coordinator: A role that supports marketing campaigns by coordinating research activities, analyzing consumer behavior, and assisting in the development of marketing strategies.
  • Business Development Associate: A position that involves generating leads, conducting market research, and identifying new business opportunities to support company growth.

How to Learn

According to recent data, the job role of Market Research Manager in Singapore is expected to witness significant growth in the market. Over the past 10 years, the demand for professionals in this position has steadily increased. It is projected that this trend will continue in the future, creating a substantial number of employment opportunities. With Singapore's thriving business environment and focus on data-driven decision making, companies are increasingly valuing the expertise of Market Research Managers. As such, this role is expected to experience a positive and promising outlook in the coming years, making it a promising career path for individuals interested in this field.