Forecast Analyst Salary

The average Forecast Analyst in the United States earns approximately $54K annually. Total cash compensation to Forecast Analysts varies from $41K to $76K; higher pay grades include potential for bonuses and profit sharing as high as $7K each. Career length is the biggest factor affecting pay for this group, followed by geography. Male Forecast Analysts who responded to the survey are more common than women; more than half (64 percent) are men. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most Forecast Analysts like their work and job satisfaction is high. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$40,527 - $74,112

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Salary
$40,527 - $74,112  
   
Bonus
$198.66 - $7,278  
Profit Sharing
$1,007 - $7,450  
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).
)
$40,589 - $75,843  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 150
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Job Description for Forecast Analyst

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

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Popular Skills for Forecast Analyst


Forecast Analysts who responded to the survey report just a handful of professional skills. Most notably, skills in Microsoft Excel, Forecasting, Data Analysis, and Inventory Management are correlated to pay that is above average. At the other end of the pay range are skills like Inventory Management and Data Analysis. Most people experienced in Data Analysis also know Microsoft Excel.

Pay by Experience Level for Forecast Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $52K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $59K. People with 10 to 20 years of experience make an average of about $65K in this role. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $58K.

Pay Difference by Location


Atlanta offers some of the highest pay in the country for Forecast Analysts, 14 percent above the national average. Forecast Analysts will also find cushy salaries in Houston (+11 percent). Trailing the national average by 9 percent, Dallas is the market with the smallest paychecks.

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Experience Affects Forecast Analyst Salaries

Experienced
up arrow 18%


Late-Career
up arrow 6%

National Average
$55,000


Skills That Affect Forecast Analyst Salaries

National Average
$55,000

Microsoft Excel
up arrow 1%

Forecasting
up arrow 2%

Data Analysis
up arrow 4%

Inventory Management
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
5%
1-4 years
54%
5-9 years
23%
10-19 years
15%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 83%
vision benefits Vision: 62% employee benefits None: 4%
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