Rate Analyst Salary
Earnings for Rate Analysts in the United States come in at around $51K annually on average. Among folks in this role, job satisfaction levels approximately match the national average. The majority of Rate Analysts (62 percent) who took the survey are female. Medical benefits are awarded to a strong majority, and the larger part earn dental coverage. This report is based on responses to the PayScale salary survey.
Job Description for Rate Analyst
A rate analyst will usually do many different tasks for a company. One of the tasks a rate analyst will be asked to complete is to research and analyze data. A rate analyst may be asked to coordinate with other departments. The work a rate analyst will do is mostly mental and does not usually require physical strain. Rate analysts will spend most of their time indoors.Read More...
Many different kinds of companies can employ rate analysts. A rate analyst is expected to seek out learning opportunities to meet the needs of the workplace. A rate analyst will be required to submit monthly reports on their work and make sure that they are meeting his or her company’s expectations. They are also expected to be adept at customer service. Rate analysts are expected to respond to customers in a timely manner and handle them with care. Rate analysts are speaking with customers, which means they are directly responsible for the impact that the company leaves on the consumer.
Rate analysts are usually expected to have a bachelor's degree in a related field. Most rate analysts will work standard daytime hours, but they can expect to have to stay late sometimes to finish reports or meet the monthly requirements their companies have set for them.
Rate Analyst Tasks
- Research and recommend changes to the current rate calculation or structure.
- Draft proposals and present findings to a panel of reviewers.
- Evaluate and analyse existing rates across multiple industries.
Rate Analyst Job Listings
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Pay by Experience Level for Rate Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have less than five years' experience have a median salary of $48K. Those who have been around for five to 10 years can expect to take home more — $51K on average. Rate Analysts bring in $51K after working for 10 to 20 years. Rate Analysts who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $62K.