That works out to a 8% change in pay for product analysts over the last decade. This person is responsible for Coding understanding customers’ needs and translating them into actionable requirements for the development team. Work experience and seniority are important factors in determining the salary of product analysts. Going deep might mean becoming a lead or principal product analyst, owning analytics for a high-impact product area or developing advanced modeling skills. Going wide could mean transitioning into a product manager, growth manager, or data product manager, depending on your interests and strengths.
What is the Pay by Experience Level for Product Analysts?
A systems analyst specializes in analyzing and designing information systems within an organization. They work with the business users BI Developer/Analyst job to understand their needs and design a system that meets those needs. You may collect, manage, and organize customer feedback using a seamless product management system like Chisel, which offers a variety of tools for user research. 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.
- The lowest average product analyst salary states are West Virginia, Kansas, and Kentucky.
- Now that we know what a product analyst does let’s look at the tools they use to get the job done.
- A marketing analyst analyzes data to understand a company’s marketing effectiveness.
- The product analyst’s job entails gathering and analyzing customer data on a particular product.
Platform Product Manager: Job Description, Challenges & Tips
Most companies want their product analysts to have at least three years of experience. Let’s see the product analyst salary in some of the top companies for a product analyst. According to Indeed.com, the average salary for a product analyst is $70,000 per year.
What does a product analyst do?
You can do this through user interviews, surveys, focus groups, etc. For example, product analysts may help on what new features to develop, what kind of product-specific marketing strategy may be the best, and how to retain customers. The product analyst role requires strong analytical skills and an understanding of software development and how to communicate with developers. 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. Product analysts are responsible for conducting product and user research as well as analyzing related data to support the product development process.
Product Manager
Here are the base salaries of a Product Analyst grouped into 4 seniority categories. A product analyst is the person who digs into the data to answer these kinds of questions. The big piece of the puzzle here is the role of product analyst. A product analyst’s salary ranges from $56,000 a year at the 10th percentile to $111,000 at the 90th percentile.
