Median pay for Product Analysts in the United States lies in the neighborhood of $59K annually. In the world of Product Analysts, total cash compensation can vary between $42K and $92K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $6K, respectively. This group's pay is mainly influenced by geography, followed by experience level and the individual firm. Men account for the majority of Product Analysts who responded to the questionnaire — 66 percent to be exact. Most enjoy medical and dental coverage in this occupation, and a strong majority get vision benefits. The majority of Product Analysts claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.

$42,999 - $87,144
$43K
$59K
$87K
MEDIAN: $59,421
10%
50%
90%

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$13.91 - $35.00
$14
$20
$35
MEDIAN: $20
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$31K$62K$93K
Salary
$42,999 - $87,144  
   
Bonus
$758 - $10,220  
Profit Sharing
$400.00 - $6,194  
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).
)
$41,953 - $91,999  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 534
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$19$38$57
Hourly Rate
$13.91 - $35.00  
   
Overtime
$21.64 - $56.72  
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
$758 - $10,220  
   
Profit Sharing
$400.00 - $6,194  
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).
)
$41,953 - $91,999  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 39

Find Out Exactly What You Should Be Paid

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

  • 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.
  • 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.

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. It is quite typical for Product Analysts to transition into roles as Senior Product Analysts or Product Managers of Financial Services, where reported median earnings are $12K and $27K higher per year.

Product Analyst Job Listings

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Popular Employer Salaries for Product Analyst


Those at Kemper Insurance Company can expect to make the most, with the company offering a median salary of $62K.

Popular Skills for Product Analyst


Survey results imply that Product Analysts deploy a substantial tool kit of skills at work. Most notably, facility with Tableau Software, Python, and Business Analysis are correlated to pay that is significantly above average, leading to increases of 39 percent, 20 percent, and 14 percent, respectively. Those listing Research Analysis as a skill should be prepared for drastically lower pay. Product Support and Microsoft Excel also typically command lower compensation. For most people, competency in Data Analysis indicates knowledge of 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 $59K, but folks who have been around for five to 10 years see a markedly higher median salary of $73K. Product Analysts bring in $77K after working for 10 to 20 years. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $75K.

Pay Difference by Location

National Average: $60,470

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

With a pay rate for Product Analysts that is 42 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Product Analysts can also look forward to large paychecks in cities like Boston (+21 percent), New York (+17 percent), Nashville (+16 percent), and Washington (+9 percent). In Dallas, salaries are 16 percent below the national average and represent the lowest-paying market. Workers in Los Angeles and Cleveland earn salaries that trail the national average for those in this profession (5 percent less and 4 percent less, respectively).

Related Job Salaries

Key Stats for Product Analyst

Gender

Female
34 %
Male
66 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.
Less than 1 year
13%
1-4 years
57%
5-9 years
18%
10-19 years
10%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Analyst Salaries




National Average
$60,000


Skills That Affect Product Analyst Salaries

Tableau Software
up arrow 39%

Python
up arrow 20%


SQL
up arrow 10%

Requirements Analysis
up arrow 6%




Data Analysis
0%

Financial Analysis
0%

SAS
0%

National Average
$60,000

Product Marketing
up arrow 1%


Product Support
up arrow 5%

Research Analysis
up arrow 41%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
13%
1-4 years
57%
5-9 years
18%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 85%
vision benefits
Vision: 73%
dental benefits
None: 9%
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