Product Analyst Salary

Product Analysts in the United States take home approximately $55K per year on average. Cash earnings of Product Analysts can occasionally include $7K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $40K to almost $81K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Almost all get medical and dental insurance, and a fair number get vision plans, too. Men account for the majority of Product Analysts who responded to the questionnaire — 64 percent to be exact.

$39,967 - $79,246

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$14.35 - $30.76

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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$28K$56K$84K
Salary
$39,967 - $79,246  
   
Bonus
$0.00 - $7,155  
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).
)
$39,633 - $81,485  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 571
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$17$34$51
Hourly Rate
$14.35 - $30.76  
   
Overtime
$16.15 - $49.33  
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
$0.00 - $7,155  
   
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).
)
$39,633 - $81,485  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 31
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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 might see a strong upturn in salary after transitioning into upper-level roles such as Product Manager of Software, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $92K per year. A common career progression for a Product Analyst is to become a Senior Product Analyst or a Product Manager of Financial Services. Compared to Product Analysts, the first group earns $14K more on average, and the second group earns $29K more.

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Popular Skills for Product Analyst


Survey results show that Product Analysts use a fair number of skills. Most notably, skills in Product Management, SQL, SAS, and Product Marketing are correlated to pay that is above average, with boosts between 9 percent and 18 percent. Skills that are correlated to lower pay, on the other hand, include Financial Analysis and Microsoft Excel. Skill sets containing Microsoft Excel also tend to include Project Management and Product Development. Most people skilled in Data Analysis are similarly competent 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 $54K, but people who have been around for five to 10 years earn a noticeably bigger sum of $66K. For Product Analysts, 10 to 20 years of experience on the job amounts to an average salary of $76K. Survey participants with more than twenty years of experience only make around $70K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location


With a pay rate for Product Analysts that is 14 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Product Analysts will also find cushy salaries in Atlanta (+13 percent), Charlotte (+8 percent), Los Angeles (+7 percent), and Seattle (+4 percent). In Dallas, salaries are 11 percent below the national average and represent the lowest-paying market. Workers in Washington and San Diego earn salaries that trail the national average for those in this profession (8 percent less and 7 percent less, respectively).

Related Job Salaries

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Experience Affects Product Analyst Salaries


Late-Career
up arrow 23%


National Average
$57,000


Skills That Affect Product Analyst Salaries

Product Management
up arrow 18%

SQL
up arrow 13%

SAS
up arrow 9%

Product Marketing
up arrow 7%


Business Analysis
up arrow 2%

National Average
$57,000

Data Analysis
up arrow 1%

Product Development
up arrow 1%

Microsoft Excel
up arrow 4%

Financial Analysis
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 97 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
15%
1-4 years
57%
5-9 years
16%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 86%
vision benefits Vision: 73% employee benefits None: 7%
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