Research Analyst Salary

The national average salary for Research Analysts is $51K per year; by contrast, Bank of America Corp. (BOFA) pays at a significantly higher rate, offering average pay of $95K. Soaring salaries can also be found at Wood Mackenzie, Booz, Allen, and Hamilton, and NERA Economic Consulting, where earnings of $79K, $75K, or $72K are standard for Research Analysts. The data for this synopsis comes from respondents who took the PayScale salary survey.

$36,858 - $78,109
(Median)
$37K
$51K
$78K
MEDIAN: $51,092
10%
50%
90%

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$12.60 - $27.19
(Median)
$13
$19
$27
MEDIAN: $19.00
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$27K$54K$81K
Salary
$36,858 - $78,109  
   
Bonus
$0.00 - $12,990  
Profit Sharing
$802 - $6,204  
Commission
$1,008 - $7,122  
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).
)
$35,773 - $80,617  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 2,578
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$14$28$42
Hourly Rate
$12.60 - $27.19  
   
Overtime
$17.24 - $41.23  
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$28K$56K$84K
Bonus
$0.00 - $12,990  
   
Commission
$1,008 - $7,122  
Profit Sharing
$802 - $6,204  
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).
)
$35,773 - $80,617  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 309

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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.

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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


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There are some Research Analysts — though it's uncommon — that transition into Analytics Managers, where earnings are an average $97K annually. When Research Analysts are ready for the next step in their careers, they often become Senior Research Analysts or Senior Research Associates. Those roles pay an additional $18K and $18K, respectively.

Research Analyst Job Listings

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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 28 percent, 11 percent, and 7 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Windows Operating System General Use, Database Management & Reporting, and Microsoft Office. Most people who know Data Analysis also know 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.


For many Research Analysts, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Salaries for the relatively untried average out to around $49K, but survey participants with five to 10 years of experience earn a significantly higher median of $60K. The average pay reported by folks with 10 to 20 years of experience is around $71K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $77K.

Pay Difference by Location


For Research Analysts, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Research Analysts will also find cushy salaries in Houston (+16 percent), New York (+14 percent), Arlington (+12 percent), and Boston (+10 percent). With compensation 5 percent below the national average, Austin is not known for hefty paychecks and actually represents the lowest-paying market.

Research Analyst Reviews

What is it like working as a Research Analyst?

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.

Related Job Salaries

United States (change)

Experience Affects Research Analyst Salaries




National Average
$51,000


Skills That Affect Research Analyst Salaries


SAS
up arrow 11%



Policy Analysis
up arrow 2%

Research Analysis
up arrow 1%

Data Analysis
0%

Market Research
0%

National Average
$51,000

Online Research
up arrow 2%

Microsoft Excel
up arrow 3%

SPSS
up arrow 3%





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 500 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
13%
1-4 years
60%
5-9 years
18%
10-19 years
7%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 77%
vision benefits Vision: 62% employee benefits None: 9%