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Product Analyst Salary

Product Analysts in the United States pull down an average of $56K per year. Including potential for bonuses and profit sharing, each hitting highs of $7K, total cash payment to Product Analysts can bottom out at $39K or peak near $82K. Geography and years of experience each impact pay for this group, with the former having the largest influence. Male Product Analysts who responded to the survey are more common than women; more than half (62 percent) are men. Job satisfaction is reported as high by the vast majority of workers. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$39,717 - $78,863
(Median)
$40K
$56K
$79K
MEDIAN: $55,515
10%
50%
90%

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$14.14 - $30.98
(Median)
$14
$19
$31
MEDIAN: $19.00
10%
50%
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$28K$56K$84K
Salary
$39,717 - $78,863  
   
Bonus
$0.00 - $7,297  
Profit Sharing
$505 - $7,047  
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).
)
$39,460 - $81,876  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 544
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
$14.14 - $30.98  
   
Overtime
$16.00 - $49.44  
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 - $7,297  
   
Profit Sharing
$505 - $7,047  
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).
)
$39,460 - $81,876  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 27

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United States (change)


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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 who advance into the role of a Product Manager of Software are fairly uncommon. Product Managers of Software on average earn $92K per year.

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, facility with Product Management, SQL, and SAS are correlated to pay that is significantly above average, leading to increases of 39 percent, 14 percent, and 8 percent, respectively. Skills that seem to negatively impact pay include Financial Analysis. Most people familiar with Data Analysis also know 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.


The average beginner in this position makes around $55K, but folks who have been around for five to 10 years see a markedly higher median salary of $67K. Product Analysts who work for 10 to 20 years in their occupation tend to earn about $75K. For some reason, Product Analysts with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $66K.

Pay Difference by Location


Surpassing the national average by 35 percent, Product Analysts in San Francisco receive some of the highest pay in the country. Product Analysts will also find cushy salaries in Charlotte (+12 percent), New York (+6 percent), Los Angeles (+5 percent), and Cleveland (+5 percent). With compensation 14 percent below the national average, San Diego is not known for hefty paychecks and actually represents the lowest-paying market. Employers pay around 13 percent less in Raleigh and 10 percent less in Washington, below-median salaries for those in this field.

Related Job Salaries

United States (change)

Experience Affects Product Analyst Salaries



Late-Career
up arrow 15%

National Average
$57,000


Skills That Affect Product Analyst Salaries

Product Management
up arrow 39%

SQL
up arrow 14%

SAS
up arrow 8%


Product Marketing
up arrow 6%

Business Analysis
up arrow 2%

Data Analysis
0%

National Average
$57,000

Product Development
up arrow 1%

Microsoft Excel
up arrow 2%

Financial Analysis
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 106 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
14%
1-4 years
58%
5-9 years
17%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 86%
vision benefits Vision: 73% employee benefits None: 6%
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