Product Analyst Salary

Product Analysts in the United States pull down an average of $55K annually. 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 $82K. Career length is the biggest factor affecting pay for this group, followed by geography. Nearly all receive medical and dental insurance and a strong majority get vision insurance. For the most part, Product Analysts enjoy their work and report high levels of job satisfaction. Men make up the majority of Product Analysts (62 percent) survey respondents.

$39,973 - $79,148
(Median)
$40K
$55K
$79K
MEDIAN: $55,393
10%
50%
90%

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$14.35 - $31.23
(Median)
$14
$21
$31
MEDIAN: $21.00
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
$39,973 - $79,148  
   
Bonus
$0.00 - $7,172  
Profit Sharing
$507 - $7,000  
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).
)
$39,655 - $81,667  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 567
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
$14.35 - $31.23  
   
Overtime
$16.15 - $49.33  
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 - $7,172  
   
Profit Sharing
$507 - $7,000  
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).
)
$39,655 - $81,667  
Country: United States | Currency: USD | Updated: 20 Jun 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 do not often transition into Product Manager of Software roles. The role averages $92K per year.

Product Analyst Job Listings

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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 8 percent and 16 percent. Skills that pay less than market rate 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.


Relatively untried employees who have less than five years' experience make $55K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $67K. 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


Home to some of the best pay for Product Analysts, San Francisco offers exceptional salaries, 14 percent above the national average. Product Analysts can also look forward to large paychecks in cities like Atlanta (+10 percent), Charlotte (+8 percent), Los Angeles (+6 percent), and New York (+6 percent). The smallest paychecks in the market, 11 percent south of the national average, can be found in Dallas. Not at the bottom but still paying below the median are employers in Washington and San Diego (11 percent lower and 7 percent lower, respectively).

Related Job Salaries

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Experience Affects Product Analyst Salaries


Late-Career
up arrow 22%


National Average
$57,000


Skills That Affect Product Analyst Salaries

Product Management
up arrow 16%

SQL
up arrow 13%

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 3%

Financial Analysis
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 98 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
15%
1-4 years
57%
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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