Product Analyst Salary

The average Product Analyst in the United States earns approximately $55K annually. Total cash compensation to Product Analysts ranges from $39K on the lower end to $81K on the higher end; the final number includes potential for approximately $7K each from bonuses and profit sharing in exceptional cases. Location is the biggest factor affecting pay for this group, followed by tenure. Most Product Analysts like their work and job satisfaction is high. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The majority of Product Analysts (62 percent) survey respondents are male. The information for this snapshot was generated by responses to the PayScale salary survey.

$39,718 - $78,249
(Median)
$40K
$55K
$78K
MEDIAN: $55,481
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
$39,718 - $78,249  
   
Bonus
$0.00 - $7,275  
Profit Sharing
$503 - $7,149  
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).
)
$39,438 - $81,323  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 525
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 - $7,275  
   
Profit Sharing
$503 - $7,149  
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).
)
$39,438 - $81,323  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 27

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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 often transition into Product Manager of Software positions, for which compensation tends to be much higher. On average, Product Managers of Software earn $92K per year.

Product Analyst Job Listings

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Popular Skills for Product Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Product Management, SQL, and SAS are correlated to pay that is significantly above average, leading to increases of 48 percent, 14 percent, and 8 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Financial Analysis. Those proficient in Data Analysis are, more often than not, also skilled 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.


Workers in their first five years can expect to earn $55K, but people who have been around for five to 10 years earn a noticeably bigger sum of $67K. Product Analysts claiming one to two decades of experience make an estimated median of $75K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $66K on average.

Pay Difference by Location


Product Analysts will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 33 percent. Product Analysts can also look forward to large paychecks in cities like Philadelphia (+16 percent), Atlanta (+10 percent), Charlotte (+9 percent), and New York (+6 percent). Compared to the national average, San Diego Product Analysts have considerably lower salaries, 21 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession.

Related Job Salaries

United States (change)

Experience Affects Product Analyst Salaries



Late-Career
up arrow 16%

National Average
$57,000


Skills That Affect Product Analyst Salaries

Product Management
up arrow 48%

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 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 108 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
13%
1-4 years
59%
5-9 years
17%
10-19 years
9%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 85%
vision benefits Vision: 72% employee benefits None: 7%