The average salary for a Product Analyst is $66,122.
Tell us about your job and pay factors like skills and education Find your market worth with a report tailored to you Negotiate your pay with confidence
What Do Product Analysts Do?
A product analyst is a specific type of business analyst involved in their employer's strategic review and planning process, analyzing existing products and potential new products the firm may wish to bring to market. The product analyst generally works for a single firm, though they may sometimes be hired on as independent consultants or contractors by companies seeking the viewpoint of an outsider. These professionals are found in many industries, meaning different skills and ranges of profess…Read more
Product Analyst Tasks
- Partner with product managers and clients to identify, document, and evaluate product requirements and roadmaps.
- Analyze data to provide recommendations and reports on existing and prospective products.
- Create, maintain, and update product information, and act as an expert internally and externally.
- Perform user test sessions and market surveys to inform product development teams.
Job Satisfaction for Product Analyst
Popular Employer Salaries for Product Analyst
The top respondents for the job title Product Analyst are from the companies Farmers Insurance Group, American Express Co. (AMEX) and Visa, Inc.. Reported salaries are highest at Visa, Inc. where the average pay is $95,000. Other companies that offer high salaries for this role include American Express Co. (AMEX) and Farmers Insurance Group, earning around $73,407 and $67,750, respectively. Allstate pays the lowest at around $54,666. Nationwide Mutual Insurance Company and UnitedHealth Group also pay on the lower end of the scale, paying $54,963 and $64,000, respectively.
Explore the most common career paths for Product Analyst. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
to research other job paths.
Product Manager, Software
Somewhat common (8 - 20%)
Product Analyst Job Listings
What Are Popular Skills for Product Analysts?
Skills in Data Analysis, Business Analysis and SQL are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Product Management.
What is the Pay by Experience Level for Product Analysts?
An entry-level Product Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $59,387 based on 150 salaries. An early career Product Analyst with 1-4 years of experience earns an average total compensation of $65,705 based on 894 salaries. A mid-career Product Analyst with 5-9 years of experience earns an average total compensation of $72,180 based on 190 salaries. An experienced Product Analyst with 10-19 years of experience earns an average total compensation of $73,235 based on 79 salaries. In their late career (20 years and higher), employees earn an average total compensation of $78,742.
Pay Difference by Location
Employees with Product Analyst in their job title in San Francisco, California earn an average of 52.4% more than the national average. These job titles also find higher than average salaries in New York, New York (9.8% more) and Boston, Massachusetts (9.6% more). The lowest salaries can be found in Austin, Texas (8.8% less), Dallas, Texas (7.9% less) and Chicago, Illinois (6.8% less).
Years of Experience
This data is based on 1,336 survey responses.