Forecast Analyst Salary

Forecast Analysts in the United States take home approximately $55K per year on average. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a fair number earn dental coverage. Job satisfaction is considered about average by most people in this profession. The majority of Forecast Analysts (60 percent) who took the survey are men. Respondents to the PayScale salary survey provided the data for this report.

$41,487 - $80,349
$41K
$55K
$80K
MEDIAN: $55,308
10%
50%
90%

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$17.72 - $29.40
$18
$20
$29
MEDIAN: $20.48
10%
50%
90%

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$0$82K
Salary $41,487 - $80,349
Bonus $970 - $7,516
Profit Sharing $2,035
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,707 - $82,262
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 154
Hourly Data $0$29
Hourly Rate $17.72 - $29.40
Overtime $8.00
Annual Data $0$82K
Bonus $970 - $7,516
Profit Sharing $2,035
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,707 - $82,262
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 11

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United States (change)

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Job Description for Forecast Analyst

Forecast analysts support their company's mission planning throughout the year to ensure that marketing, sales, supply, and production initiatives are in accordance with their target estimates. These analysts must evaluate forecast biases to identify and understand variables and root causes and adjust appropriately, and also provide analyses for the accounts, work with monthly operational and sales planning, attend meetings, and develop and maintain relationships with customers to improve forecast accuracy.

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Forecast Analyst Tasks

  • Track, analyze, and evaluate operations in order to provide accurate forecasts.
  • Suggest workflow/supply chain improvements based on analyses.
  • Create regular reports and forecasts, and evaluate past forecasts.
  • Acquire and interpret data.

Forecast Analyst Job Listings

Popular Skills for Forecast Analyst


Survey results imply that Forecast Analysts put a diverse skill set to use. Most notably, skills in Financial Analysis, Data Analysis, Forecasting, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Inventory Management. For most people, competency in Data Analysis indicates knowledge of Microsoft Excel.

Pay by Experience Level for Forecast Analyst

Pay by Experience for a Forecast Analyst has a positive trend. An entry-level Forecast Analyst with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 106 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Forecast Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 37 salaries. An experienced Forecast Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 33 salaries. A Forecast Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 5 salaries.

Pay Difference by Location

National Average: $56,758

Larger city markers indicate a job is popular in that location.

For Forecast Analysts, Atlanta provides a pay rate that is 20 percent greater than the national average. Forecast Analysts will also find cushy salaries in Houston (+6 percent) and New York (+6 percent). Dallas is the lowest-paying area, 12 percent south of the national average.

Related Job Salaries

Key Stats for Forecast Analyst

Gender

Female
40 %
Male
60 %

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 20 votes.
Less than 1 year
6%
1-4 years
56%
5-9 years
16%
10-19 years
18%
20 years or more
4%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Forecast Analyst Salaries

▲28%

▲18%

Late-Career
▲13%

National Average
$57,000

▼5%

Skills That Affect Forecast Analyst Salaries

Financial Analysis
▲14%

Data Analysis
▲3%

▲2%


National Average
$57,000

Inventory Management
▼13%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 20 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
6%
1-4 years
56%
5-9 years
16%
10-19 years
18%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 76%
vision benefits
Vision: 70%
no benefits
None: 8%
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