Product Analyst Salary

Median pay for Product Analysts in the United States is around $55K per year. Overall incomes of Product Analysts generally bottom out at around $40K and peak near $82K; the final number can, in exceptional cases, include upwards of $7K each for bonuses and profit sharing proceeds. Career length and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction for Product Analysts is high. Almost all receive medical and dental insurance and a fair number get vision plans. More than half of Product Analysts (63 percent) survey respondents are men. Respondents to the PayScale salary survey provided the data for this report.

$39,981 - $79,378
(Median)
$40K
$55K
$79K
MEDIAN: $55,357
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
$39,981 - $79,378  
   
Bonus
$0.00 - $7,150  
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).
)
$39,696 - $81,936  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 573
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 - $7,150  
   
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).
)
$39,696 - $81,936  
Country: United States | Currency: USD | Updated: 2 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 who move on to become Product Managers of Software may enjoy significant pay raises, as Product Managers of Software get paid an average of $92K per year.

Product Analyst Job Listings

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Popular Skills for Product Analyst


Product Analysts report using a diverse set of skills on the job. 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 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.


The average worker who claims fewer than five years of experience earns around $55K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $67K. On average, Product Analysts make $76K following one to two decades on the job. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $70K by contrast.

Pay Difference by Location


For Product Analysts, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Product Analysts will also find cushy salaries in Atlanta (+12 percent), Charlotte (+8 percent), Los Angeles (+7 percent), and New York (+5 percent). Dallas is the lowest-paying area, 11 percent south of the national average. Employers also pay below the national average in Washington (8 percent lower) and San Diego (7 percent lower).

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 14%

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 96 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
15%
1-4 years
56%
5-9 years
17%
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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