Pay for Forecast Analysts in the United States sits in the ballpark of $56K 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 $40K and $83K. 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 (66 percent) are men. Work is reasonably fulfilling for most Forecast Analysts — the majority report average levels of job satisfaction. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. This overview is based on answers to PayScale's salary questionnaire.

$40,181 - $80,541
(Median)
$40K
$56K
$81K
MEDIAN: $56,430
10%
50%
90%

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$18.51 - $27.44
(Median)
$19
$20
$27
MEDIAN: $20
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
$40,181 - $80,541  
   
Bonus
$507 - $7,990  
Profit Sharing
$-0.50 - $9,863  
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).
)
$39,992 - $82,803  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 160
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
$18.51 - $27.44  
   
Overtime
$28.50  
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
$507 - $7,990  
   
Profit Sharing
$-0.50 - $9,863  
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).
)
$39,992 - $82,803  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 12
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Job Description for Forecast Analyst

Forecast analysts are tasked with receiving and processing incoming data such as sales analytics, marketing information, and product costs, as well as providing useful marketing and sales models. They are expected to provide the most optimal path forward to generate revenue for a given period of time and use this data to organize and create projects as well as set their schedules. The analyst will then lead teams in the implementation of these tasks.

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Forecast Analyst Tasks

  • 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 indicated only a few skills that they use on the job. 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. For most people, competency in Data Analysis indicates knowledge of Microsoft Excel.

Pay by Experience Level for Forecast Analyst

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


Salaries for the relatively untried average out to around $52K, but survey participants with five to 10 years of experience earn a significantly higher median of $65K. People with 10 to 20 years of experience make an average of about $73K in this role. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $64K.

Related Job Salaries

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Experience Affects Forecast Analyst Salaries



Late-Career
up arrow 11%

National Average
$58,000


Skills That Affect Forecast Analyst Salaries

Financial Analysis
up arrow 12%

National Average
$58,000

Data Analysis
up arrow 1%

Forecasting
up arrow 2%

Microsoft Excel
up arrow 2%

Inventory Management
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
5%
1-4 years
52%
5-9 years
20%
10-19 years
19%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 78%
medical benefits
Vision: 65%
dental benefits
None: 7%
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