Rate Analyst Salary
The average Rate Analyst in the United States earns approximately $50K annually. Some workers in this field — roughly a fourth — are not awarded benefits. Medical coverage is reported by a strong majority and dental plans are enjoyed by just over a half. Among folks in this role, job satisfaction levels approximately match the national average. Women make up a slight majority of Rate Analysts (57 percent) survey respondents. This report is based on answers to PayScale's salary questionnaire.
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
- Evaluate and analyse existing rates across multiple industries.
- Draft proposals and present findings to a panel of reviewers.
- Research and recommend changes to the current rate calculation or structure.
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.
Salaries of relatively inexperienced workers fall in the neighborhood of $48K, but folks who have racked up five to 10 years see a notably higher median of $63K. Rate Analysts with one to two decades of relevant experience report an average salary of approximately $62K. Rate Analysts with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.
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Key Stats for Rate Analyst
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