Product Analyst

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The following article discusses the career of Product Analyst highlighting what they do, the work environment, how to become, training and certification, education, job and salary outlook.

What We Do

As a product analyst, you will be responsible for the creation, updating and maintenance of product information, as you are an internal and external expert on the product. You will also develop test sessions and survey the market, with which you will inform the product development department. You will work together with clients and product managers alike in order to identify new product requirements and you will make recommendations about this based on solid data.

Work Environment

As a product analyst, you will mainly work in an office, together with other professionals who focus on finance, product development and marketing. You may also spend time in the field, observing a product in use and performing field tests. Some unsocial hours may be required.

How to Become

To become a product analyst, you will need a relevant bachelor’s degree. In very rare occasions, people who don’t have such a degree will grow to the position through promotions. They do have to show a very good ability to think strategically and laterally, however.

Training & Certification Requirements

A bachelor’s degree in a field such as marketing is required.

Education Requirements

Bachelor’s

Job Outlook

The U.S. Bureau of Labor Statistics reports that market research analysts can expect a growth in demand of 19% between 2014 and 2024, which is much faster than average.

National Salary

The national average salary estimate for Product Analyst was $74,349. This number is estimated from over 2,453 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $38.72 and monthly of $6,196.

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$22,000

$157,000

Salary Distribution

Salary by State

The following section lists Product Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Connecticut had the largest quoted salary of $92,000 while Hawaii had the smallest quoted salary of $25,420.

Alaska$59,000 Rank: 49th

The average salary ranks 49th among states in the country. There were no current job openings from employers in this state.

Alabama$81,000 Rank: 12th

The average salary ranks 12th among states in the country. There were no current job openings from employers in this state.

Arkansas$57,251 (▼23% Below national average) Rank: 13th

The average salary ranks 13th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and Arkansas Blue Cross & Blue Shield.

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$29,000

$91,000

Salary Distribution
Arizona$66,000 Rank: 44th

The average salary ranks 44th among states in the country. There were no current job openings from employers in this state.

California$81,973 (▲10% Above national average) Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like Zl Technologies, Inc., Google, CyberCoders, and Visa U.S.A. Inc..

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$25,000

$170,000

Salary Distribution
Colorado$71,000 Rank: 33rd

The average salary ranks 33rd among states in the country. There were no current job openings from employers in this state.

Connecticut$92,000 Rank: 4th

The average salary ranks 4th among states in the country. There were no current job openings from employers in this state.

DC$87,850 (▲18% Above national average) Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like CyberCoders.

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$39,000

$156,000

Salary Distribution
Delaware$72,486 (●Meets national average) Rank: 39th

The average salary ranks 39th among states in the country. There were also job openings from employers like Bank Of America.

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$29,000

$135,000

Salary Distribution
Florida$35,232 (▼31% Below national average) Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like Gulfstream Property & Casualty Insurance, PersonnelOne, and Robert Half Technology.

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$7.25

$40.10

Salary Distribution
Georgia$70,563 (●Meets national average) Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like Optomi, The Home Depot, AT&T, and GSS InfoTech.

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$14,000

$175,000

Salary Distribution
Hawaii$25,420 (▼50% Below national average) Rank: 52nd

The average salary ranks 52nd among states in the country. There were also job openings from employers like Staffing Solutions of Hawaii and Remedy Intelligent Staffing.

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$7.25

$20.00

Salary Distribution
Iowa$78,000 Rank: 19th

The average salary ranks 19th among states in the country. There were no current job openings from employers in this state.

Idaho$52,000 Rank: 51st

The average salary ranks 51st among states in the country. There were no current job openings from employers in this state.

Illinois$70,688 (●Meets national average) Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like CyberCoders and e.biT Consulting.

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$24,000

$142,000

Salary Distribution
Indiana$77,000 Rank: 21st

The average salary ranks 21st among states in the country. There were no current job openings from employers in this state.

Kansas$73,000 Rank: 31st

The average salary ranks 31st among states in the country. There were no current job openings from employers in this state.

Kentucky$69,000 Rank: 42nd

The average salary ranks 42nd among states in the country. There were no current job openings from employers in this state.

Louisiana$71,000 Rank: 34th

The average salary ranks 34th among states in the country. There were no current job openings from employers in this state.

Massachusetts$69,987 (▼6% Below national average) Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like Fanning Personnel, Liberty Mutual, ICONSTAFF, and Gables Search Group.

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$34,000

$118,000

Salary Distribution
Maryland$65,948 (▼11% Below national average) Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like CyberCoders.

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$24,000

$128,000

Salary Distribution
Maine$71,000 Rank: 35th

The average salary ranks 35th among states in the country. There were no current job openings from employers in this state.

Michigan$72,714 (●Meets national average) Rank: 14th

The average salary ranks 14th among states in the country. There were also job openings from employers like Kforce, RGBSI, and TTi Global.

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$27,000

$140,000

Salary Distribution
Minnesota$52,108 (●Meets national average) Rank: 40th

The average salary ranks 40th among states in the country. There were also job openings from employers like Manpower and Caterpillar.

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$7.25

$68.15

Salary Distribution
Missouri$63,663 (▼14% Below national average) Rank: 20th

The average salary ranks 20th among states in the country. There were also job openings from employers like The Judge Group.

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$24,000

$122,000

Salary Distribution
Mississippi$84,000 Rank: 9th

The average salary ranks 9th among states in the country. There were no current job openings from employers in this state.

Montana$67,000 Rank: 43rd

The average salary ranks 43rd among states in the country. There were no current job openings from employers in this state.

North Carolina$71,898 (●Meets national average) Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like Bank Of America, Robert Half Technology, and The Creative Group.

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$25,000

$141,000

Salary Distribution
North Dakota$71,000 Rank: 36th

The average salary ranks 36th among states in the country. There were no current job openings from employers in this state.

Nebraska$58,000 Rank: 50th

The average salary ranks 50th among states in the country. There were no current job openings from employers in this state.

New Hampshire$79,000 Rank: 17th

The average salary ranks 17th among states in the country. There were no current job openings from employers in this state.

New Jersey$76,799 (●Meets national average) Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like Execu|Search, Robert Half Technology, and Confidential Retailer.

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$26,000

$154,000

Salary Distribution
New Mexico$70,000 Rank: 41st

The average salary ranks 41st among states in the country. There were no current job openings from employers in this state.

Nevada$61,000 Rank: 47th

The average salary ranks 47th among states in the country. There were no current job openings from employers in this state.

New York$88,016 (▲18% Above national average) Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like Robert Walters, Huxley Associates, Green Key Resources, and Citi.

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$27,000

$184,000

Salary Distribution
Ohio$74,896 (●Meets national average) Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like Farmers Group, Inc. and Safe Auto Insurance Company.

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$16,000

$178,000

Salary Distribution
Oklahoma$74,000 Rank: 29th

The average salary ranks 29th among states in the country. There were no current job openings from employers in this state.

Oregon$77,000 Rank: 22nd

The average salary ranks 22nd among states in the country. There were no current job openings from employers in this state.

Pennsylvania$52,822 (▼29% Below national average) Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like StraussGroup, Inc., Gateway Financial Group, and Contemporary Staffing Solutions.

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$14,000

$118,000

Salary Distribution
Rhode Island$73,000 Rank: 32nd

The average salary ranks 32nd among states in the country. There were no current job openings from employers in this state.

South Carolina$79,000 Rank: 18th

The average salary ranks 18th among states in the country. There were no current job openings from employers in this state.

South Dakota$60,000 Rank: 48th

The average salary ranks 48th among states in the country. There were no current job openings from employers in this state.

Tennessee$64,968 (▼13% Below national average) Rank: 30th

The average salary ranks 30th among states in the country. There were also job openings from employers like ITAC Solutions, LLC, ITAC Solutions, and Robert Half Technology.

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$23,000

$128,000

Salary Distribution
Texas$68,239 (▼8% Below national average) Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like Diedre Moire and Bank Of America.

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$21,000

$142,000

Salary Distribution
Utah$62,000 Rank: 46th

The average salary ranks 46th among states in the country. There were no current job openings from employers in this state.

Virginia$75,811 (●Meets national average) Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like CyberCoders, Comscore, and MicroStrategy Incorporated.

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$32,000

$137,000

Salary Distribution
Vermont$71,000 Rank: 37th

The average salary ranks 37th among states in the country. There were no current job openings from employers in this state.

Washington$90,570 (▲22% Above national average) Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like Liberty Mutual, etailz, Inc., and Edifecs, Inc..

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$30,000

$182,000

Salary Distribution
Wisconsin$71,000 Rank: 38th

The average salary ranks 38th among states in the country. There were no current job openings from employers in this state.

West Virginia$75,000 Rank: 27th

The average salary ranks 27th among states in the country. There were no current job openings from employers in this state.

Wyoming$66,000 Rank: 45th

The average salary ranks 45th among states in the country. There were no current job openings from employers in this state.

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Product Analyst. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary

References

*Indicates number of job postings as of June, 2017.

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