Logistics Analyst Salary
Job Description for Logistics Analyst
Logistics is a catch-all term used by businesses to describe the means by which they get their goods or services to market. A logistics analyst studies all aspects of this supply chain, from manufacturing capacities to storage facilities (and, with perishable goods, shelf life) to shipping and distribution. Usually, logistics analysts are employed by larger companies, which charge them with adjusting the supply chain in such a way that it operates at peak efficiency.Read More...
A logistics analyst's skills rely on a foundation of high-level mathematics and statistics. The analyst models manufacturing capabilities, quotas, and optimal outputs; they also work with market research and engineering teams to help assess demand by demographic and location. He or she then works with plant managers to help optimize production and with warehouse and storage managers to ensure necessary space is available. Additionally, working with sales departments, the analyst helps optimize the efficiency of bringing goods to either specific customers or the general marketplace.
To work in this field, a specialized bachelor's degree in operations analysis, operations engineering, or a related field. Larger companies are likely to prefer candidates with post-bachelor's degrees in analysis, business management, or a related field as well. Many companies also require three to five years of experience in middle management in logistics systems. Analysts must be organized, able to process information from multiple threads, and be fluent in interdepartmental communication.
The analyst normally works in an office setting regular business hours, although, for many individuals in this field, 50- or 55-hour work weeks are common. There also may be some travel involved for the hands-on assessment of plants, storage, and shipping facilities.
Logistics Analyst Tasks
- Support negotiations with vendors, carriers and suppliers, providing information and analyses as needed.
- Maintain databases, including their structure, input, and accuracy.
- Conduct data mining and data analysis to find trends, patterns and opportunities.
- Collect data from internal and external sources, verifying its accuracy.
- Analyze carrier bids, rates, costs, and tariffs to identify savings or best options.
Common Career Paths for Logistics Analyst
Logistics Analysts sometimes assume positions such as Logistics Program Managers. That role pays $76K per year on average. When Logistics Analysts are ready for the next step in their careers, they often become Senior Logistics Analysts or Logistics Managers. Those roles pay an additional $15K and $7K, respectively.
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Popular Employer Salaries for Logistics Analyst
Logistics Analysts flock to Science Applications International Corporation (SAIC), Caci International Inc, Penske Logistics, Lockheed Martin Corp, and The Home Depot Inc., highly regarded companies that employ a generous number of people in this profession. Logistics Analysts flock to Northrop Grumman Corporation for generous paychecks, where average earnings of $73K lead the pack in compensation. Other big spenders include BAE Systems Inc., The Home Depot Inc., and Caci International Inc, top-paying firms where Logistics Analysts see paychecks nearing $64K, $62K, or $62K.
The lowest salaries can be found at Penske Logistics — median pay is $46K — and there is little variation in compensation, with paychecks starting at $40K and only reaching $56K. Other low-paying employers include C. H. Robinson Worldwide, Inc. at $47K and Lockheed Martin Corp at $55K, though some Logistics Analysts there earn up to $81K.
Popular Skills for Logistics Analyst
Survey takers working as Logistics Analysts report using a large range of professional skills. Most notably, skills in Logistics Support Analysis, Project Management, SAP Enterprise Resource Planning, and Supply Chain are correlated to pay that is above average, with boosts in pay of 8 percent. Customer Service, on the other hand, is typically associated with much lower pay. Most people who know Data Analysis also know Microsoft Excel.
Pay by Experience Level for Logistics Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Logistics Analysts — those with more experience do not necessarily bring in higher earnings. The average worker who claims fewer than five years of experience earns around $51K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $58K. For Logistics Analysts, 10 to 20 years of experience on the job amounts to an average salary of $59K. Veterans who have acquired more than 20 years report a median income of $65K, which is generally higher than the pay reported by other tenure groups.
Pay Difference by Location
For Logistics Analysts, busy Stafford offers a higher-than-average pay rate, 39 percent above the national average. Logistics Analysts will also find cushy salaries in Huntsville (+29 percent), Washington (+22 percent), San Diego (+11 percent), and Atlanta (+8 percent). Logistics Analysts in Cleveland make 29 percent less than the national average, proving that location is a major factor in pay. Greenville and Boston are a couple other places where companies are known to pay below the median — salaries are 28 percent lower and 14 percent lower, respectively.
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