Product Analyst Salary

Median pay for Product Analysts in the United States comes out to approximately $60K per year, but employers in San Francisco pay the most, the average compensation in that city is around $90K. Product Analysts will also find cushy salaries in Boston (+27 percent), New York (+17 percent), Nashville (+16 percent), and Minneapolis (+16 percent).

$43,217 - $88,134
$43K
$60K
$88K
MEDIAN: $59,799
10%
50%
90%

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$13.91 - $35.00
$14
$20
$35
MEDIAN: $19.84
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
$43,217 - $88,134  
   
Bonus
$755 - $10,277  
Profit Sharing
$297.99 - $6,268  
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).
)
$41,813 - $92,817  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 491
© PayScale, Inc. @ www.payscale.com
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$16$32$48
Hourly Rate
$13.91 - $35.00  
   
Overtime
$22.50 - $47.25  
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$32K$64K$96K
Bonus
$755 - $10,277  
   
Profit Sharing
$297.99 - $6,268  
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).
)
$41,813 - $92,817  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 39
© PayScale, Inc. @ www.payscale.com

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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Advancing into a Product Manager of Software role seems to be a popular career move for Product Analysts, and folks who currently work in the latter position report a notably larger median income of $92K per year. Typical career progression for a Product Analyst involves becoming a Senior Product Analyst or a Product Manager of Financial Services, roles that pay $12K more and $27K more on average.

Product Analyst Job Listings

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Popular Employer Salaries for Product Analyst


Product Analysts flock to Kemper Insurance Company for generous paychecks, where average earnings of $62K lead the pack in compensation.

Popular Skills for Product Analyst


Product Analysts report using a deep pool of skills on the job. Most notably, facility with R, Tableau Software, and Python are correlated to pay that is significantly above average, leading to increases of 73 percent, 32 percent, and 15 percent, respectively. At the other end of the pay range are skills like Product Support and Microsoft Excel. The majority of those who know 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.


Survey participants with less than five years' experience pocket $59K on average, but those with five to 10 years of experience enjoy a much bigger median of $72K. For Product Analysts, 10 to 20 years of experience on the job amounts to an average salary of $78K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $76K.

Pay Difference by Location

National Average: $60,798

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

Related Job Salaries

Key Stats for Product Analyst

Gender

Female
35 %
Male
65 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 67 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

▲29%

▲24%

▲19%

National Average
$61,000

▼3%

Skills That Affect Product Analyst Salaries

R
▲73%

Tableau Software
▲32%

Python
▲15%


SQL
▲11%

Requirements Analysis
▲5%

Product Marketing
▲4%





Financial Analysis
▼0%

National Average
$61,000

SAS
▼1%


Product Support
▼5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 67 votes.

Gender

Female
35 %
Male
65 %

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: 72%
dental benefits
None: 9%
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