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Automation Risk Analysis

Will “Pricing Manager” be Automated?

Historical Context: Oxford Study (2013)

Ranked #61 of 702. Estimated risk: 1.4%

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AI Exposure Risk

57%

“Pricing Manager” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 57% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

23%

“Pricing Manager” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 23% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Marketing Managers, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Plan, direct, or coordinate marketing policies and programs, such as determining the demand for products and services offered by a firm and its competitors, and identify potential customers. Develop pricing strategies with the goal of maximizing the firm's profits or share of the market while ensuring the firm's customers are satisfied. Oversee product development or monitor trends that indicate the need for new products and services.

Avg. Annual Salary $171,520
Avg. Hourly Wage $82.46
Available Jobs (US) 384,980
Job Title & Hierarchy Code (SOC) Marketing Managers #11-2021
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Marketing Managers”

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Core Skills & Abilities

  • Initiate market research studies, or analyze their findings.

  • Consult with product development personnel on product specifications, such as design, color, or packaging.

  • Consult with buying personnel to gain advice regarding the types of products or services expected to be in demand.

  • Identify, develop, or evaluate marketing strategy, based on knowledge of establishment objectives, market characteristics, and cost and markup factors.

  • Advise business or other groups on local, national, or international factors affecting the buying or selling of products or services.

  • Develop business cases for environmental marketing strategies.

  • Integrate environmental information into product or company marketing strategies, policies, or activities.

  • Use sales forecasting or strategic planning to ensure the sale and profitability of products, lines, or services, analyzing business developments and monitoring market trends.

  • Consult with buying personnel to gain advice regarding environmentally sound or sustainable products.

  • Evaluate the financial aspects of product development, such as budgets, expenditures, research and development appropriations, or return-on-investment and profit-loss projections.

  • Develop pricing strategies, balancing firm objectives and customer satisfaction.

  • Direct the hiring, training, or performance evaluations of marketing or sales staff and oversee their daily activities.

  • Recommend modifications to products, packaging, production processes, or other characteristics to improve the environmental soundness or sustainability of products.

  • Confer with legal staff to resolve problems, such as copyright infringement or royalty sharing with outside producers or distributors.

  • Negotiate contracts with vendors or distributors to manage product distribution, establishing distribution networks or developing distribution strategies.

  • Formulate, direct, or coordinate marketing activities or policies to promote products or services, working with advertising or promotion managers.

  • Select products or accessories to be displayed at trade or special production shows.

  • Compile lists describing product or service offerings.

  • Conduct economic or commercial surveys to identify potential markets for products or services.

  • Coordinate or participate in promotional activities or trade shows, working with developers, advertisers, or production managers, to market products or services.

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