Economische Faculteitsvereniging Rotterdam
Erasmus Universiteit Rotterdam
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Burgemeester Oudlaan 50
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Insights:
The advertising, marketing and public relations (PR) industry involves market research, product/brand development, promotion, media relations, reputation management, public affairs, direct marketing, and sponsorship.
Advertising is a creative and fast-paced industry that uses paid-for space in various media outlets to motivate people to buy products and services or change their attitudes.
Marketing is broadly concerned with promoting and selling products and services as well as changing people’s attitudes. Direct marketing is a sub-discipline of marketing which aims to establish a personalised relationship with consumers via direct mail, telemarketing or personalised e-marketing.
PR involves the management of reputation, with the objective of earning understanding and support, as well as influencing opinion and behaviour. The work often includes generating third-party endorsement of opinion formers such as politicians and celebrities.
In all three industries, graduates need to be excellent communicators, with strong organisational skills and a creative flair.
Currently, the industry is recording budget cuts at a slower rate than in 2008 and showing possible early signs of recovery from the recession with over 30% of marketing companies - including advertising and PR - reporting improved financial performance in the second quarter of 2009 (Q2 2009 Bellwether Report, 2009).
Professionals are often employed in agencies. These agencies can either be specialist (e.g. media buying or digital/online) or full-service agencies. The industry trend is towards full-service agencies which bring specialists from different disciplines (e.g. advertising, digital, design, branding, direct marketing and PR) together. The work often includes:
Many roles are ‘in-house’ and will, therefore, exclusively deal with one organisation’s marketing - usually incorporating advertising and sometimes PR. The work includes:
Opportunities exist ‘in-house’ or in consultancies/agencies. Some consultancies specialise in one sector (e.g. healthcare, IT, consumer). Work activities include:
Public affairs and lobbying is also within the PR sector, and involves persuading policy makers and/or conveying particular viewpoints to influential people such as MPs.
Included with the permission of AGCAS and Graduate Prospects. For permission to reproduce, contact copyright@agcas.org.uk.
http://www.prospects.ac.uk/industries_advertising_overview.htm