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Research Analyst Salary

The national average salary for Research Analysts is $51K annually; Bank of America Corp. (BOFA) pays the most in this field, though, offering a median salary of $95K. Other leaders in compensation levels are Wood Mackenzie at $79K, Booz, Allen, and Hamilton at $75K, and NERA Economic Consulting, where Research Analysts annually earn $72K. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$36,891 - $78,475
(Median)
$37K
$51K
$78K
MEDIAN: $51,255
10%
50%
90%

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$12.58 - $27.08
(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
$36,891 - $78,475  
   
Bonus
$0.00 - $13,527  
Profit Sharing
$507 - $6,163  
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).
)
$35,700 - $80,926  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 2,672
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
$12.58 - $27.08  
   
Overtime
$18.00 - $41.11  
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 - $13,527  
   
Commission
$1,008 - $7,122  
Profit Sharing
$507 - $6,163  
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).
)
$35,700 - $80,926  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 327

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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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It's not very common for Research Analysts to move on to become Analytics Managers. Average pay for an Analytics Manager is $97K annually. Research Analysts typically move into roles as Senior Research Analysts or Senior Research Associates, and those positions pay $18K more and $18K more, respectively.

Research Analyst Job Listings

Jobs by Simply Hired
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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, 10 percent, and 7 percent, respectively. At the other end of the pay range are skills like Windows Operating System General Use, Database Management & Reporting, and Microsoft Office. Most people familiar with 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.


Research Analysts who reported more years of relevant experience also reported higher earnings. Survey participants with less than five years' experience pocket $49K on average, but those with five to 10 years of experience enjoy a much bigger median of $60K. Research Analysts see a median salary of $71K after reaching one to two decades on the job. 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, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Research Analysts can also look forward to large paychecks in cities like New York (+15 percent), Houston (+15 percent), Boston (+12 percent), and Arlington (+12 percent). The lowest-paying market is San Diego, which sits 4 percent below the national average.

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

 
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United States (change)

Experience Affects Research Analyst Salaries




National Average
$51,000


Skills That Affect Research Analyst Salaries


SAS
up arrow 10%



Research Analysis
up arrow 2%

Policy Analysis
up arrow 2%

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 505 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
12%
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: 78%
vision benefits Vision: 62% employee benefits None: 9%
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