Forecast Analyst Salary

Median pay for Forecast Analysts in the United States is around $57K annually. Total incomes of Forecast Analysts incorporate potential for, in a few cases, more than $8K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $41K and $83K. Career length is the biggest factor affecting pay for this group, followed by geography. Men account for the majority of Forecast Analysts who responded to the questionnaire — 63 percent to be exact. Most people on this career path report moderate levels of job satisfaction. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.

$41,448 - $80,641
$41K
$57K
$81K
MEDIAN: $56,576
10%
50%
90%

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$18.46 - $29.40
$18
$20
$29
MEDIAN: $20.48
10%
50%
90%

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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$28K$56K$84K
Salary
$41,448 - $80,641  
   
Bonus
$970 - $7,767  
Profit Sharing
$-0.50 - $9,933  
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).
)
$40,593 - $82,687  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 147
National Hourly Rate 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$14$28$42
Hourly Rate
$18.46 - $29.40  
   
Overtime
$18.25  
National Annualized 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$28K$56K$84K
Bonus
$970 - $7,767  
   
Profit Sharing
$-0.50 - $9,933  
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).
)
$40,593 - $82,687  
Country: United States | Currency: USD | Updated: 25 Mar 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

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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 Financial Analysis, Data Analysis, Forecasting, and Microsoft Excel are correlated to pay that is above average. Skills that seem to negatively impact pay include Inventory Management. The majority of those who know Data Analysis also know 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: $58,779

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

For Forecast Analysts, busy Atlanta offers a higher-than-average pay rate, 16 percent above the national average. Forecast Analysts will also find cushy salaries in Houston (+3 percent) and New York (+2 percent). Dallas ranks last in the field for pay, reporting salaries 15 percent below the national average.

Related Job Salaries

Key Stats for Forecast Analyst

Gender

Female
37 %
Male
63 %

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 17 votes.
Less than 1 year
4%
1-4 years
57%
5-9 years
16%
10-19 years
20%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Forecast Analyst Salaries

▲23%

▲13%

Late-Career
▲9%

National Average
$59,000

▼8%

Skills That Affect Forecast Analyst Salaries

Financial Analysis
▲10%

Data Analysis
▼0%

National Average
$59,000

▼2%


Inventory Management
▼16%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 17 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
4%
1-4 years
57%
5-9 years
16%
10-19 years
20%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 78%
vision benefits
Vision: 67%
no benefits
None: 8%