$61,453
Avg. Salary
$21.04
Avg. Hourly Rate

Average additional compensation:

$4,530

Bonus

$2,067

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Product Analyst is $21.04 per hour.

The average pay for a Product Analyst is $61,453 per year.

10%
$14.49
10%
$21.04
50%
$35.97
90%
90%
MEDIAN $21.04
10%
$45k
10%
$61k
50%
$91k
90%
90%
MEDIAN $61,453
$45,177 - $90,962
$45K
$61K
$91K
MEDIAN: $61,453
10%
50%
90%

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$14.49 - $35.97
$14
$21
$36
MEDIAN: $21.04
10%
50%
90%

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$0$94K
Salary $45,177 - $90,962
Bonus $980 - $10,242
Profit Sharing $306 - $7,257
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).
)
$43,965 - $94,771
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 1,086
Hourly Data $0$41
Hourly Rate $14.49 - $35.97
Overtime $26.42 - $41.71
Annual Data $0$94K
Bonus $980 - $10,242
Profit Sharing $306 - $7,257
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).
)
$43,965 - $94,771
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 94

Job Description for Product Analyst

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 professional knowledge are required depending on the position; additionally, a product analyst may be involved at either a high level, advising upper management, or they may be deeply involved in a specific review of a product's features and uses. For example, a product analyst for a software firm may be involved in the review of the user interfaces for products to improve user experience, while a high-level product analyst for a toy manufacturer might be involved in market research and focus groups to identify market gaps in the educational toy market.

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.

Product Analyst Pay By Employer

$0$78K

$69,500

Allstate
9 profiles
$53,825

$56,038

$62,006

Common Career Paths for Product Analyst


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Advancing into a Product Manager of Software role seems to be a popular career move for Product Analysts, and folks who currently work in the latter position report a notably larger median income of $92K per year. When Product Analysts are ready for the next step in their careers, they often become Senior Product Analysts or Product Managers of Financial Services. Those roles pay an additional $11K and $27K, respectively.

Product Analyst Job Listings

Popular Skills for Product Analyst


Product Analysts report using a large range of skills on the job. Most notably, facility with R, Tableau Software, and Python are correlated to pay that is significantly above average, leading to increases of 71 percent, 30 percent, and 14 percent, respectively. Skills that seem to negatively impact pay include Product Support and Microsoft Excel. Those familiar with Data Analysis also tend to know Product Development and Project Management.

Pay by Experience Level for Product Analyst

Pay by Experience for a Product Analyst has a positive trend. An entry-level Product Analyst with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 414 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $72,000 based on 118 salaries. An experienced Product Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $78,000 based on 58 salaries. A Product Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $76,000 based on 9 salaries.

Pay Difference by Location

23%

13%

1%

-2%

-4%

-5%

-5%

-20%

National Average: $62,568

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

Product Analyst Reviews

Q: What is it like working as a Product Analyst?

Product Analyst in Madison:
"Work environment is very friendly."
Pros: The people I work with
Cons: Pay

Product Analyst in Minneapolis:
"Great Place with Strong Market."
Pros: Innovation meets the Midwest
Cons: Nothing

Product Analyst:
Good collaborative working environment with fair pay, management that seeks to empower their employees, and a culture that is centered around making Farmers Insurance a great place to work. Flexible work schedule with ability to work remote.

Product Analyst in Dallas:
Pros: Atmosphere, and the opportunity to learn and interact with upper management.
Cons: The salary.

Product Analyst in Miramar:
Pros: The people.
Cons: The pay is too low.

Product Analyst in Dallas:
"Great people, growing company."
Pros: The people. Dedicated, friendly, helpful people at all levels.
Cons: Unclear leadership, too many priorities, very late nights required nearly weekly, poor pay, little growth opportunity, no grooming/trianing.

Related Job Salaries

Key Stats for Product Analyst

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 200 votes.
Less than 1 year
13%
1-4 years
62%
5-9 years
16%
10-19 years
8%
20 years or more
2%

Experience Affects Product Analyst Salaries

▲25%

▲21%

▲15%

National Average
$63,000

▼6%

Skills That Affect Product Analyst Salaries

R
▲68%

Tableau Software
▲28%

Python
▲12%


SQL
▲8%

Requirements Analysis
▲2%

Product Marketing
▲1%


National Average
$63,000




Financial Analysis
▼3%

SAS
▼4%


Product Support
▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 200 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
13%
1-4 years
62%
5-9 years
16%
10-19 years
8%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 84%
vision benefits
Vision: 73%
no benefits
None: 10%