Product Analyst Salary

Average Product Analysts in the United States make around $56K per year. Total cash compensation to Product Analysts approaches anywhere from $40K on the lower end to $83K on the higher end; in exceptional cases, this can include more than $9K from bonuses and upwards of $11K from profit sharing. Geography and experience level each impact pay for this group, with the former having the largest influence. Male Product Analysts who responded to the survey are more common than women; more than half (65 percent) are men. Work is enjoyable for Product Analysts, who typically claim high levels of job satisfaction. In this profession, almost all enjoy medical and dental coverage, and a fair number have vision insurance, as well. Respondents to the PayScale salary survey provided the data for this report.

$40,375 - $80,525
(Median)
$40K
$56K
$81K
MEDIAN: $55,707
10%
50%
90%

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$13.60 - $31.12
(Median)
$14
$19
$31
MEDIAN: $19.00
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$28K$56K$84K
Salary
$40,375 - $80,525  
   
Bonus
$0.00 - $8,827  
Profit Sharing
$496.64 - $10,766  
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).
)
$39,816 - $83,455  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 671
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
$13.60 - $31.12  
   
Overtime
$16.39 - $49.11  
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 - $8,827  
   
Profit Sharing
$496.64 - $10,766  
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).
)
$39,816 - $83,455  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 42
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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. 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 $14K and $30K higher per year.

Product Analyst Job Listings

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Popular Skills for Product Analyst


Survey respondents exploit a significant toolbox of skills in their work. Lucky workers who know Business Analysis can expect a significant pay bump, scoring salaries 36 percent above average. SQL and Product Management are also correlated to pay that is above average, with increases between 12 percent and 36 percent. Skills that pay less than market rate include Microsoft Excel and Financial Analysis. 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.


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 $69K. Product Analysts bring in $75K after working for 10 to 20 years. Product Analysts who claim more than two decades of experience actually make somewhat smaller average paychecks of $64K.

Pay Difference by Location

National Average: $57,388

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

For Product Analysts, San Francisco provides a pay rate that is 35 percent greater than the national average. Product Analysts will also find cushy salaries in New York (+14 percent), Atlanta (+10 percent), Charlotte (+7 percent), and Seattle (+6 percent). Location is a huge contributor to overall pay, with Product Analysts in San Diego earning a whopping 22 percent below the national average. Below-median salaries also turn up in Dallas and Washington (12 percent lower and 4 percent lower, respectively).

Related Job Salaries

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Experience Affects Product Analyst Salaries



Late-Career
up arrow 12%

National Average
$57,000


Skills That Affect Product Analyst Salaries

Business Analysis
up arrow 36%


SQL
up arrow 12%

Requirements Analysis
up arrow 11%

Product Marketing
up arrow 6%


SAS
up arrow 4%

Data Analysis
0%

National Average
$57,000

Product Development
up arrow 1%

Financial Analysis
up arrow 3%

Microsoft Excel
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 99 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
15%
1-4 years
58%
5-9 years
17%
10-19 years
9%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
medical benefits
Vision: 74%
dental benefits
None: 7%
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