Among product analysts, the preferred major is business, chosen by 29 percent of professionals. Finance, marketing, and economics are other popular major options for product analysts 6. According to Zippia, product analysts with a master’s degree earn an average annual salary of $87,293. Those holding a bachelor’s degree earn an average of $79,941 per year, while project analysts with a doctorate can expect an average annual income of $91,669 6. programmer According to data from multiple job listing sites, the average annual income for a product analyst ranges from just over $70,000 to more than $100,000.
What state pays Product Analysts the most?
In addition, it is helpful to have experience in product management, user research, and software development. Product analysts help to translate user needs into product needs, ensuring products are being created for the highest success rate possible among its audience. Without product analysts, new products may not perform, function or sell as intended upon release. Compare product analyst salaries for individual cities or states with the national average. The highest paying types of product analysts are staff analyst, product specialist, and implementation analyst.
- A marketing analyst analyzes data to understand a company’s marketing effectiveness.
- Some employers require certifications in data analytics and product management.
- This content has been made available for informational purposes only.
- A product analyst needs to conduct detailed user research to help with product development or improvement.
Product Analyst Responsibilities
General Assembly’s Data Analytics Immersive is a transformative course designed for you to get the necessary skills for a data analyst role in three months. Add another dimension to your skillset by taking Udemy’s online product management courses. Product analysts, grouped under market research analysts by the U.S.
- However, salaries can range from $75,000 to $150,000 per year, depending on experience and location.
- A product manager is responsible for the strategy, roadmap, and execution of a product.
- A product analyst must be thorough with the product analysis process and capture the needs and requirements of the customers.
- As the demand for product analysts continues to increase, it’s essential to understand what this job entails and what skills you need to succeed.
Business Analyst
These are some technical proficiencies you’ll need to succeed as a product analyst. Product analysts need to have strong analytical and problem-solving skills. Product analyst skills also include communicating effectively with different departments in an organization. My experience expands to managing social media coordination and branding campaigns while working with micro-influencers for better brand promotion. Analyze the market and your qualifications to negotiate your salary with confidence.
Highest paying states for product analysts
We hope this article has helped you understand what a product analyst does and what the job entails. A business analyst’s job is to understand a company’s financials, assess risk, and make recommendations to improve the business. Well, here’s everything you needed to know about the product analyst job.
However, there are some common duties that all product analysts perform. Then keep reading to discover the responsibilities of a product analyst. The duties of a product analyst vary depending on BI Developer/Analyst job the company and product. Product analysts assist product teams in making important decisions about their products by providing quantitative data to guide the following stages.
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