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Product Analyst Salary

Median pay for Product Analysts in the United States lies in the neighborhood of $55K per year. Total cash compensation for Product Analysts runs from $39K to $81K depending on bonuses that can occasionally exceed $7K and profit sharing that can reach almost $11K. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Most people who answered the questionnaire are men; 60 percent of Product Analysts are male. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Most workers in this position report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
$39,598 - $77,843
(Median)
40K
46K
55K
65K
78K
MEDIAN: $54,771
10%
25%
50%
75%
90%

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$14.09 - $30.42
(Median)
14
19
26
30
MEDIAN: $18.00
10%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
Salary
$39,598 - $77,843  
   
Bonus
$0.00 - $7,477  
Profit Sharing
$533 - $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).
)
$39,239 - $80,890  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 461
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17$34$51
Hourly Rate
$14.09 - $30.42  
   
Overtime
$15.71 - $49.55  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $7,477  
   
Profit Sharing
$533 - $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).
)
$39,239 - $80,890  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 26
United States (change)

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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Though some Product Analysts move into positions like Product Manager of Software (where the average salary is $92K), this progression is not the norm.

Product Analyst Job Listings

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Popular Skills for Product Analyst


Survey results imply that Product Analysts put a diverse skill set to use. Most notably, skills in SAS, SQL, Project Management, and Product Marketing are correlated to pay that is above average, with boosts between 11 percent and 17 percent. Skills that are correlated to lower pay, on the other hand, include Financial Analysis and Microsoft Excel. Those educated in Data Analysis tend to be well versed 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.


Survey participants with less than five years' experience pocket $54K on average, but those with five to 10 years of experience enjoy a much bigger median of $66K. On average, Product Analysts make $75K following one to two decades on the job. For some reason, Product Analysts with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $61K.

Pay Difference by Location


San Francisco is home to an above-average pay rate for Product Analysts, 28 percent higher than the national average. Product Analysts will also find cushy salaries in Philadelphia (+18 percent), Atlanta (+12 percent), Seattle (+9 percent), and Cleveland (+8 percent). Location is a huge contributor to overall pay, with Product Analysts in San Diego earning a whopping 21 percent below the national average. Employers pay around 13 percent less in Charlotte and 8 percent less in Washington, below-median salaries for those in this field.

Related Job Salaries

Experience Affects Product Analyst Salaries



Late-Career
up arrow 9%

National Average
$56,000


Skills That Affect Product Analyst Salaries

SAS
up arrow 17%

SQL
up arrow 15%


Product Marketing
up arrow 8%

Business Analysis
up arrow 3%

Product Development
up arrow 1%

National Average
$56,000

Data Analysis
up arrow 1%

Microsoft Excel
up arrow 4%

Financial Analysis
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 113 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
13%
1-4 years
58%
5-9 years
16%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 86%
vision benefits Vision: 72% employee benefits None: 6%