Research Analyst Salary

Bank of America Corp. (BOFA) is a desirable employer for Research Analysts where the median salary comes in around $95K, beating the field's national median of $51K per year. Those in search of high salaries should also consider Wood Mackenzie, Booz, Allen, and Hamilton, and NERA Economic Consulting, top-paying firms where Research Analysts rake in a comfortable $79K, $75K, or $72K, respectively. The information for this snapshot was generated by responses to the PayScale salary survey.

$37,034 - $77,530

Add this chart to your site: 640px    300px

$12.73 - $27.25

Add this chart to your site: 640px    300px

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$27K$54K$81K
Salary
$37,034 - $77,530  
   
Bonus
$0.00 - $12,551  
Profit Sharing
$511 - $6,128  
Commission
$1,500 - $11,000  
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).
)
$35,880 - $79,902  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 2,948
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$14$28$42
Hourly Rate
$12.73 - $27.25  
   
Overtime
$18.44 - $41.32  
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$28K$56K$84K
Bonus
$0.00 - $12,551  
   
Commission
$1,500 - $11,000  
Profit Sharing
$511 - $6,128  
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).
)
$35,880 - $79,902  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 356
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Research Analyst

Research analysts must carefully examine data and produce meaningful information for their employer. This can involve not only drawing meaning from the data, but also checking to make sure the data is correct and using it to validate ideas and theories. When not examining or verifying information, a research analyst must work with their superiors to demonstrate what they have learned from their data and how it can be applied in the future for their business.

Read More...

Research Analyst Tasks

  • Present results in written and oral formats.
  • Interview clients or team members to identify information needs and deliverables.
  • Use a variety of sources to research and analyze topics, becoming an expert in a field.
  • Collect and analyze quantitative data.

Common Career Paths for Research Analyst


Add this chart to your site:   640px 640px    300px 300px


There are some Research Analysts — though it's uncommon — that transition into Analytics Managers, where earnings are an average $97K annually. A common career progression for a Research Analyst is to become a Senior Research Analyst or a Senior Research Associate. Compared to Research Analysts, the first group earns $18K more on average, and the second group earns $18K more.

Research Analyst Job Listings

Search for more jobs:

Popular Employer Salaries for Research Analyst

Popular Skills for Research Analyst


Research Analysts seem to require a rather large skill set. Most notably, facility with Financial Analysis, SAS, and Statistical Analysis are correlated to pay that is significantly above average, leading to increases of 29 percent, 10 percent, and 7 percent, respectively. Skills that seem to negatively impact pay include Windows Operating System General Use, Database Management & Reporting, and Microsoft Office. For most people, competency in Data Analysis indicates knowledge of Microsoft Excel and Market Research.

Pay by Experience Level for Research Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The average worker who claims fewer than five years of experience earns around $49K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $60K. People with 10 to 20 years of experience make an average of about $70K in this role. Research Analysts with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $76K.

Pay Difference by Location


For Research Analysts, busy Houston offers a higher-than-average pay rate, 16 percent above the national average. Research Analysts will also find cushy salaries in San Francisco (+15 percent), New York (+12 percent), Arlington (+12 percent), and Boston (+9 percent). San Diego is the lowest-paying area, 4 percent south of the national average.

Research Analyst Reviews

What is it like working as a Research Analyst?

Research Analyst in Overland Park:
"Great job, low pay."
Pros: Flexible, able to do different projects on different days. Tight knit team and good co-workers.
Cons: Low pay, I have many responsibilities and and am trusted with highly classified info, more so than what the pay scale would suggest.

Research Analyst in Chicago:
Pros: Assisting with executive search projects. Being in charge of the recruitment process for new data analyst.

Research Analyst in Honolulu:
Pros: I enjoy being able to learn all aspects of real estate and work with many different people in all areas of the business.
Cons: Management does not communicate to each other or me and the department which causes a lot of inefficiency and disconnect.

What is it like working as a Research Analyst at Jones Lang LaSalle?

Research Analyst in Dallas:
"Great Company."
Pros: I've very much enjoyed the atmosphere, the wide array of service lines they operate in, and the people. Definitely a great work/life balance. Good compensation.
Cons: Nothing bad to say about the company as of yet.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Research Analyst Salaries




National Average
$51,000


Skills That Affect Research Analyst Salaries


SAS
up arrow 10%



Policy Analysis
up arrow 2%

Research Analysis
up arrow 1%

Data Analysis
0%

Market Research
0%

National Average
$51,000

SPSS
up arrow 2%

Microsoft Excel
up arrow 3%

Online Research
up arrow 3%





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 521 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
13%
1-4 years
61%
5-9 years
18%
10-19 years
6%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 77%
vision benefits Vision: 62% employee benefits None: 9%
ADVERTISEMENT