What is Market Research?
Want to travel, work with big brands, build new concepts or create social change? Sounds pretty good, right? Then a role in the data, research and insights industry could be for you…
To really define it, market research is about listening and understanding people’s views, and interpreting this information to guide brands, organisations or governments when making decisions. It can be used to predict future events, actions or behaviours. From the everyday products you use, the films you watch in the cinema, the food you eat – research has played a part in its journey from concept to you.
But, enough from us – watch this, you’ll get the picture.
Market research, which includes social and opinion research, is the systematic gathering and interpretation of information about individuals or organisations using the statistical and analytical methods and techniques of the applied sciences to gain insight or support decision making. The identity of respondents will not be revealed to the user of the information without explicit consent and no sales approach will be made to them as a direct result of their having provided information.
(Source: ICC/ESOMAR International Code on Market and Social Research)
Market Research Impact
Are you aware of the impact Market Research has on your life? On the products you love? On your government?
Market, social and opinion research impacts organisations, companies, society. It plays an important role in supporting the development of new social services, products and laws aimed at improving our daily lives.
Market research is key in guiding decision makers to meet society and consumer needs.
To truly understand the important and vast impact this industry has, have a look at a snippet of Market Research Success Stories (Eureka’s) we have prepped here for you.Read Eureka's in Market Research
So, does this sound like you?
The data, insights and research industry is big, with countless opportunities to work within it. The Young ESOMAR Society, an initiative created by ESOMAR (more about us here), helps you grow within the market research industry. Gain practical experience, make connections, get published, grow your CV, and ultimately, progress your market research career! What are you waiting for?Find Out More Join us
Careers in Market Research
The MR Industry has many exciting opportunities for young people coming from various backgrounds....