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If you're just starting out in marketing/advertising you'd likely be doing a lot of different things. At the agency I work for, our new associates are generally doing a lot of research and learning. But we also give them opportunities to join client meetings often and as they get comfortable, they are encouraged to contribute to client meetings as well.
You may be asked to help put together client pitches, do market research to be shared with your account teams or managers, help with creative like copywriting or design - the needs are going to vary depending on what industry you work in and the type of agency.
As far as pay I would say an entry-level marketing/advertising position would start anywhere from $35,000 to $40,000 for a yearly salary. $40,000 would be on the higher end and would be achievable if you've done an internship or have had some previous professional experience.