Research Analyst Salary

Compared to the national salary average for Research Analysts, those in the same line of work who choose to work for Bank of America Corp. (BOFA) enjoy much larger paychecks — $95K on average versus $51K per year. 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 figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$37,021 - $77,822
(Median)
$37K
$51K
$78K
MEDIAN: $51,121
10%
50%
90%

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$12.70 - $27.11
(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
$37,021 - $77,822  
   
Bonus
$0.00 - $13,827  
Profit Sharing
$509 - $6,145  
Commission
$1,028 - $11,792  
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).
)
$35,843 - $80,314  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 2,898
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
$12.70 - $27.11  
   
Overtime
$17.24 - $41.58  
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 - $13,827  
   
Commission
$1,028 - $11,792  
Profit Sharing
$509 - $6,145  
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).
)
$35,843 - $80,314  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 345
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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. Typical career progression for a Research Analyst involves becoming a Senior Research Analyst or a Senior Research Associate, roles that pay $18K more and $18K more on average.

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 29 percent, 11 percent, and 7 percent, respectively. Skills that seem to negatively impact pay include Windows Operating System General Use, Database Management & Reporting, and Microsoft Office. Those educated in Data Analysis tend to be well versed 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.


For many Research Analysts, more experience generally translates to higher pay. The average beginner in this position makes around $49K, but folks who have been around for five to 10 years see a markedly higher median salary of $60K. For Research Analysts, 10 to 20 years of experience on the job amounts to an average salary of $70K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $77K.

Pay Difference by Location


For Research Analysts, Houston provides a pay rate that is 16 percent greater than the national average. Research Analysts will also find cushy salaries in San Francisco (+15 percent), New York (+13 percent), Arlington (+12 percent), and Boston (+10 percent). San Diego is home to the smallest salaries in the field, lagging the national average by 4 percent.

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.

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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

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 513 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
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%
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