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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. Wood Mackenzie, Booz, Allen, and Hamilton, and Corporate Executive Board (CEB) also offer top salaries for Research Analysts. Workers at these firms can expect to earn about $79K, $75K, and $57K, respectively. The numbers in this rundown were provided by PayScale's salary survey participants.
$36,590 - $78,002
(Median)
$37K
$51K
$78K
MEDIAN: $50,857
10%
50%
90%

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$12.77 - $27.27
(Median)
$13
$19
$27
MEDIAN: $19.00
10%
50%
90%

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Show Annual Salary Show Hourly Rate
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
$36,590 - $78,002  
   
Bonus
$0.00 - $12,070  
Profit Sharing
$791 - $6,112  
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).
)
$35,468 - $80,597  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 2,209
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
$12.77 - $27.27  
   
Overtime
$19.28 - $41.51  
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 - $12,070  
   
Commission
$1,008 - $7,122  
Profit Sharing
$791 - $6,112  
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).
)
$35,468 - $80,597  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 267
United States (change)

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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Research Analysts do not often transition into Analytics Manager roles. The role averages $97K per year. It is quite typical for Research Analysts to transition into roles as Senior Research Analysts or Senior Research Associates, where reported median earnings are $17K and $18K higher per year.

Research Analyst Job Listings

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Popular Employer Salaries for Research Analyst

Popular Skills for Research Analyst


Survey takers working as Research Analysts report using a large range of professional skills. Most notably, facility with Financial Analysis, SAS, and Statistical Analysis are correlated to pay that is significantly above average, leading to increases of 30 percent, 11 percent, and 7 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Database Management & Reporting, Windows Operating System General Use, and Microsoft Access. Most people skilled in Data Analysis are similarly competent in 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 with a lot of experience tend to enjoy higher earnings. Respondents with less than five years' experience take home $49K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $60K. Research Analysts bring in $73K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $77K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


For those looking to make money, Research Analysts in Houston enjoy an exceptional pay rate, 20 percent above the national average. Research Analysts can also look forward to large paychecks in cities like San Francisco (+14 percent), New York (+14 percent), Seattle (+12 percent), and Arlington (+10 percent). Philadelphia is the lowest-paying area, 4 percent south of the national average. Not at the bottom but still paying below the median are employers in Austin and San Diego (3 percent lower and 2 percent lower, respectively).

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

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%

Market Research
up arrow 1%

Data Analysis
0%

National Average
$51,000

Online Research
up arrow 1%

Microsoft Excel
up arrow 3%

SPSS
up arrow 3%






Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 446 votes.

Gender

Female
52 %
Male
48 %

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: 78%
vision benefits Vision: 62% employee benefits None: 9%