A firm’s financial health and performance can impact its ability to offer competitive salaries. Firms that are experiencing rapid growth typically offer higher pay. In the United States, the reported salaries for product analysts are highest in San Francisco, Seattle, and Portland. The highest paying types of product analysts are staff analyst, product specialist, and implementation analyst.

• You can become a product analyst by starting with an entry-level position and working your way up.
• A product analyst’s salary is typically based on experience and skill set.
• This information can then help to make data inferences informed by your experience.
• You’ll understand the statistical side of data analytics, be able to make projections and infer causation and correlations from data.
• Their primary goal is to ensure the product is well-suited to meet the company’s present and future needs, resulting in increased profitability and customer satisfaction.
• By working closely with senior team members and executives, you will develop a deep understanding of product strategy, delivery processes, and stakeholder management.

Product Analyst Job Outlook

A business analyst’s job is to understand a company’s financials, assess risk, and make recommendations to improve the business. A product analyst can become a marketing analyst if they want to specialize in marketing analysis. The product analyst also plays a role in testing and refining the product. They must be able to identify bugs and usability issues and communicate them to the development team.

Product Analyst Career Path

You can also learn the basics in an Introduction to Data Analytics course on Coursera. Creating reports and presentations about data findings and insights is a frequent task as a product analyst. You’ll use charts, graphs, tables, or other visuals to represent the data in a way other stakeholders easily understand. Sometimes, you might also present and justify your findings to senior management. The Zuckerberg universe is another great company offering Software development a handsome product analyst salary. A product manager is responsible for the strategy, roadmap, and execution of a product.

Wage gap by gender, race and education

According to data from multiple job listing sites, the average annual income for a product analyst ranges from just BI Developer/Analyst job over $70,000 to more than $100,000. The following table lists the base salary ranges provided by Payscale, Glassdoor, Zippia, Indeed, and Salary.com. Product analyst salary is impacted by location, education, and experience. Product analysts employ product analytics and research to assess the performance of a new product or feature. Here’s what to know about a product analyst’s needed skills, salary and how to become one. You’ll have to find, collect, and analyse data, making conclusions based on the findings.

• This is based on salary data submitted by Interview Query members.
• This background helps you understand everything from how products are designed to meet customer needs to development from conceptualisation to the final product.
• 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.
• The highest paying types of product analysts are staff analyst, product specialist, and implementation analyst.
• However, salaries can range from $75,000 to $150,000 per year, depending on experience and location.

Skills required

Product analyst salaries in Chicago, for example, are about $\$25,000$ less than product analyst salaries in New York, but wages go further in Chicago. Product analysts will need to obtain experience https://wizardsdev.com/en/vacancy/affiliate-manager/ in business analysis, systems analysis or similar roles. Knowledge in the areas of product and user analysis, feature flagging and testing, product development, project management and effective communication are also recommended. They provide insight that drives management decisions on product direction and investment.

• Product analyst salaries in Chicago, for example, are about $\$25,000$ less than product analyst salaries in New York, but wages go further in Chicago.
• As a product analyst, you’ll monitor products’ performance over their lifecycle.
• But, we want to go one step further and help you clarify the difference between a product analyst and other roles people commonly confuse them with.
• Keep in mind again that the cities both you or the company are located in can have a big impact on how far each dollar will go.
• Actively support and service FAs by providing SMA/UMA program expertise, education and guidance surrounding features, appropriate usage, and policy/procedure requirements.

However, salaries can range from $75,000 to $150,000 per year, depending on experience and location. So, if the product analyst job description has caught your eye, you should probably read ahead to know about the product analyst’s salary. As a product manager, you must have a product management tool at your disposal always. A marketing analyst analyzes data to understand a company’s marketing effectiveness.