Forecast Analyst Salary

For Forecast Analysts, annual average wages total $55K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Among folks in this role, job satisfaction levels approximately match the national average. Medical benefits are awarded to a large number, and a fair number earn dental coverage. There are more male Forecast Analysts than female among those who completed the questionnaire, making up 62 percent. This snapshot results from replies to PayScale's salary survey.

$43,108 - $80,232
$43K
$56K
$80K
MEDIAN: $55,602
10%
50%
90%

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$17.81 - $29.29
$18
$24
$29
MEDIAN: $23.75
10%
50%
90%

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$0$82K
Salary $43,108 - $80,232
Bonus $991 - $7,698
Profit Sharing $-0.50 - $9,933
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).
)
$42,159 - $82,827
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 158
Hourly Data $0$43
Hourly Rate $17.81 - $29.29
Overtime $36.00
Annual Data $0$82K
Bonus $991 - $7,698
Profit Sharing $-0.50 - $9,933
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).
)
$42,159 - $82,827
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 12

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Forecast Analyst

Forecast analysts support their company's mission planning throughout the year to ensure that marketing, sales, supply, and production initiatives are in accordance with their target estimates. These analysts must evaluate forecast biases to identify and understand variables and root causes and adjust appropriately, and also provide analyses for the accounts, work with monthly operational and sales planning, attend meetings, and develop and maintain relationships with customers to improve forecast accuracy.

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Forecast Analyst Tasks

  • Track, analyze, and evaluate operations in order to provide accurate forecasts.
  • Suggest workflow/supply chain improvements based on analyses.
  • Create regular reports and forecasts, and evaluate past forecasts.
  • Acquire and interpret data.

Common Career Paths for Forecast Analyst


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Forecast Analyst Job Listings

Popular Skills for Forecast Analyst


Survey results suggest that Forecast Analysts put a wide range of professional skills to use. Most notably, skills in Financial Analysis, Data Analysis, Forecasting, and Microsoft Excel are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Inventory Management. For most people, competency in Data Analysis indicates knowledge of Microsoft Excel.

Pay by Experience Level for Forecast Analyst

Pay by Experience for a Forecast Analyst has a positive trend. An entry-level Forecast Analyst with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 106 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Forecast Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 37 salaries. An experienced Forecast Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 33 salaries. A Forecast Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 5 salaries.

Pay Difference by Location

National Average: $57,690

Larger city markers indicate a job is popular in that location.

For Forecast Analysts, busy Atlanta offers a higher-than-average pay rate, 20 percent above the national average. Forecast Analysts will also find cushy salaries in Houston (+7 percent) and New York (+7 percent). Dallas ranks last in the field for pay, reporting salaries 11 percent below the national average.

Related Job Salaries

Key Stats for Forecast Analyst

Gender

Female
41 %
Male
59 %

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 20 votes.
Less than 1 year
5%
1-4 years
56%
5-9 years
16%
10-19 years
17%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Forecast Analyst Salaries

▲26%

▲16%

Late-Career
▲11%

National Average
$58,000

▼7%

Skills That Affect Forecast Analyst Salaries

Financial Analysis
▲12%

Data Analysis
▲2%

▼0%


National Average
$58,000

Inventory Management
▼15%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 20 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
5%
1-4 years
56%
5-9 years
16%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 77%
vision benefits
Vision: 72%
no benefits
None: 8%
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