For professionally qualified business management graduates, there’s high demand for careers in market research which is becoming increasingly sophisticated T he numbers-crunching back-room boys of high-flying marketing strategists of industry — especially of the glamorous FMCG (fast moving consumer goods) industry — are low-profile market researchers who provide the vital demographic, qualitative research and other data, based on which marketing whiz kids and advertising agencies conceptualise and design multi-crore multimedia advertising and sales promotion campaigns. Market researchers collect information about markets and customers in a scientifically organised manner. For every business organisation, information and data gathered through market research is the prerequisite of planning business development and marketing strategies. Continuous field research data inflow enables business managers and executives to keep abreast of changing trends in the marketplace, diverse geographical locations and to gauge consumer preferences and effectiveness of marketing, sales and public relations campaigns on an on-going basis. A bachelor’s degree is the minimum requirement for most market research jobs. A strong background in English and working knowledge of marketing, economics, statistics, psychology, sociology and political science is useful, as are good communication skills. Most freshers in market research start as trainee coders or tabulators, then become interviewers or research assistants, before moving up the firm’s hierarchy. STUDY PROGRAMMES. However, specialised certification is increasingly being preferred by employers. Most B-schools and business management institutes in India offer special market research modules in the standard Bachelor of Business Administration (BBA) programme, while a Master of Business Administration (MBA) is the preferred postgraduate course for aspiring market research professionals. There’s also an option of Master of Marketing Research (MMR). The eligibility for undergrad programmes is Plus Two whereas for admission into postgrad degree and diploma programmes, students should be graduates of any recognised college or university. Some of the more prominent institutes offering market research study programmes in India are the Apeejay School of Management (Delhi); RA Podar Institute of Management (Jaipur); IIMs (Ahmedabad, Bangalore, Kolkata, Lucknow and Indore); Jamnalal Bajaj Institute of Management Studies; SP Jain Institute of Management and Research, among others. Moreover, market research is now available as a postgraduate programme in India. AC Nielsen — the premier market research agency in India — has joined hands with the Northpoint Centre of Learning, Mumbai to offer an 11-month fast-track course and culminates in an internship with placement opportunities. REMUNERATION PROSPECTS. For professionally qualified business management graduates, there’s high demand for placements in market research. A B-school graduate starts as a research associate or research executive and moves up the ladder as market research manager, senior research manager, research director, associate vice president, vice president and executive director, depending on performance. Career progression tends to be fast. Salaries keep pace with field executives commanding Rs.5.6-8.5 lakh plus benefits per year; data processing analysts between Rs.5.5-10 lakh and senior managers earning between Rs.9.5- 15 lakh with attractive benefits. PROFESSIONAL PROFILE. “There is no lack of opportunities in the fast-track market research industry. The usual entry routes are to sign up…
