nyc vs boston by: brynn jackel. career: marketing manager city:new york city (manhattan), nyboston,...

NYC VS BOSTON By: Brynn Jackel

CAREER: MARKETING MANAGER

City: New York City (Manhattan), NY

Boston, MA

Monthly Salary $61,000 $56,000

Rent for 1-Bedroom Apartment

$2932 $1943

Budget for Groceries $250 $300

Car Insurance $4122 $1681

Utilities* $205 $264

Health Insurance** $357 $437

State Income Tax 4-8.82% (depending on tax bracket)6.24% based on salary

5.2% (flat rate)*Utilities = electricity, heating, water, garbage, and internet

**Health Insurance = average monthly premium for individual plan

GRAD SCHOOL?

Not necessary

A considerable amount of work-related skill, knowledge, or experience is needed for these occupations.

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

HOWEVER, IT CAN HAVE SOME BENEFITS…If you do chose to get an MBA (with a concentration in marketing) it can advance your career in these ways:Your Professors are valuable industry contactsHaving an MBA increases your credibilityYou can attend interesting events through your MBA courseHaving and MBA makes your more suitable for leadership rolesHaving an MBA can increase your earning potential

According to US News & World Report, in 2013 the average cost of the top 10 business schools in the U.S. was $111,418 for tuition in a two-year MBA program.

ADVANCEMENT OPPORTUNITIESIf you were to get promoted from a Marketing Manager to a Marketing Director, your salary would increase to ~$133, 000. An MBA could help you to get this raise.

Learned in Informational Interview:•Ms. Wessleman worked her way up from Marketing Manager to VP of Brand Design Operations in the span of 18 years

JOB TITLES AND EARNINGS OPTIONS ASSOCIATED WITH MBA IN MARKETINGJob Title Salary

Brand Manager $121,790

Managing Director $133,000

Sales Produce Manager $153,045

Senior Marketing Manager $160,783

VP of Brand Design Operations $192,288

SOURCES

http://www.robertwalters.co.uk/marketing/CareerAdvice/is-an-mba-important-for-marketing-professionals.html

http://www.onetonline.org/link/summary/11-2021.00

http://www.investopedia.com/articles/professionaleducation/09/mba-real-costs.asp

http://career-advice.monster.com/salary-benefits/salary-information/best-paying-mbas/article.aspx

http://www.mba-online-program.com/marketing-mba.html

http://www.payscale.com/research/US/Degree=Master_of_Business_Administration_(MBA),_Marketing_%

26_Management/Salary