Research Analyst Salary

Bank of America Corp. (BOFA) lures Research Analysts with larger-than-average paychecks: Research Analysts at this company make a median salary of $95K, much more than the $51K annually-national average for those in this area of work. Other employers shelling out big bucks include Wood Mackenzie, Booz, Allen, and Hamilton, and NERA Economic Consulting, where Research Analysts typically earn around $79K, $75K, or $72K, respectively. The data in this summary comes from the PayScale salary survey.

$36,991 - $77,979
(Median)
$37K
$51K
$78K
MEDIAN: $51,089
10%
50%
90%

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$12.70 - $26.97
(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
$36,991 - $77,979  
   
Bonus
$0.00 - $13,724  
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).
)
$35,798 - $80,438  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 2,855
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 - $26.97  
   
Overtime
$17.15 - $41.24  
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 - $13,724  
   
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).
)
$35,798 - $80,438  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 344
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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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Though it's uncommon, some Research Analysts move into roles as Analytics Managers, where pay is an average $97K per year. Career advancement for the typical Research Analyst often leads to becoming a Senior Research Analyst or a Senior Research Associate; median salaries in these positions are $18K higher and $18K higher, respectively.

Research Analyst Job Listings

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Popular Employer Salaries for Research Analyst

Popular Skills for Research Analyst


Survey respondents exploit a significant toolbox of skills in their work. 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 proficient in Data Analysis are, more often than not, also skilled 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. Relatively untried employees who have less than five years' experience make $49K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $60K. Research Analysts who work for 10 to 20 years in their occupation tend to earn about $70K. 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


Home to some of the best pay for Research Analysts, Houston offers exceptional salaries, 16 percent above the national average. Research Analysts can also look forward to large paychecks in cities like San Francisco (+15 percent), New York (+14 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 510 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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