Product Analyst Salary

Median pay for Product Analysts in the United States lies in the neighborhood of $56K annually. Total cash earnings of Product Analysts range from $40K on the low end to $83K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $9K and $11K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Nearly all claim medical and dental insurance and a strong majority get vision coverage. Most Product Analysts like their work and job satisfaction is high. Men make up the majority of Product Analysts (65 percent) survey respondents.

$40,375 - $80,525
(Median)
$40K
$56K
$81K
MEDIAN: $55,707
10%
50%
90%

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$13.60 - $31.12
(Median)
$14
$19
$31
MEDIAN: $19.00
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
$40,375 - $80,525  
   
Bonus
$0.00 - $8,827  
Profit Sharing
$496.64 - $10,766  
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).
)
$39,816 - $83,455  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 671
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$17$34$51
Hourly Rate
$13.60 - $31.12  
   
Overtime
$16.39 - $49.11  
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$50K$100K$150K
Bonus
$0.00 - $8,827  
   
Profit Sharing
$496.64 - $10,766  
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).
)
$39,816 - $83,455  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 42
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Job Description for Product Analyst

A product analyst is a specific type of business analyst involved in their employer's strategic review and planning process, analyzing existing products and potential new products the firm may wish to bring to market. The product analyst generally works for a single firm, though they may sometimes be hired on as independent consultants or contractors by companies seeking the viewpoint of an outsider. These professionals are found in many industries, meaning different skills and ranges of professional knowledge are required depending on the position; additionally, a product analyst may be involved at either a high level, advising upper management, or they may be deeply involved in a specific review of a product's features and uses. For example, a product analyst for a software firm may be involved in the review of the user interfaces for products to improve user experience, while a high-level product analyst for a toy manufacturer might be involved in market research and focus groups to identify market gaps in the educational toy market.

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Product Analyst Tasks

  • Create, maintain, and update product information, and act as an expert internally and externally.
  • Perform user test sessions and market surveys to inform product development teams.
  • Partner with product managers and clients to identify, document, and evaluate product requirements and roadmaps.
  • Analyze data to provide recommendations and reports on existing and prospective products.

Common Career Paths for Product Analyst


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Product Analysts might see a strong upturn in salary after transitioning into upper-level roles such as Product Manager of Software, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $92K per year. Product Analysts typically move into roles as Senior Product Analysts or Product Managers of Financial Services, and those positions pay $14K more and $30K more, respectively.

Product Analyst Job Listings

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Popular Skills for Product Analyst


Survey takers working as Product Analysts report using a large range of professional skills. Lucky workers who know Business Analysis can expect a significant pay bump, scoring salaries 36 percent above average. SQL and Product Management are also correlated to pay that is above average, with increases between 12 percent and 36 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Financial Analysis. Most people skilled in Data Analysis are similarly competent in Product Development and Project Management.

Pay by Experience Level for Product Analyst

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


Salaries for the relatively untried average out to around $55K, but survey participants with five to 10 years of experience earn a significantly higher median of $69K. The average pay reported by folks with 10 to 20 years of experience is around $75K. Product Analysts who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $64K.

Pay Difference by Location

National Average: $57,388

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

Product Analysts will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 35 percent. Product Analysts can also look forward to large paychecks in cities like New York (+14 percent), Atlanta (+10 percent), Charlotte (+7 percent), and Seattle (+6 percent). Location is a huge contributor to overall pay, with Product Analysts in San Diego earning a whopping 22 percent below the national average. Two other places where employers offer below-median salaries are Dallas (12 percent less) and Washington (4 percent less).

Related Job Salaries

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Experience Affects Product Analyst Salaries



Late-Career
up arrow 12%

National Average
$57,000


Skills That Affect Product Analyst Salaries

Business Analysis
up arrow 36%


SQL
up arrow 12%

Requirements Analysis
up arrow 11%

Product Marketing
up arrow 6%


SAS
up arrow 4%

Data Analysis
0%

National Average
$57,000

Product Development
up arrow 1%

Financial Analysis
up arrow 3%

Microsoft Excel
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 99 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
15%
1-4 years
58%
5-9 years
17%
10-19 years
9%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
medical benefits
Vision: 74%
dental benefits
None: 7%
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