A Product Analyst with Product Support skills earns an average salary of $57,638 per year.
|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).)
|$29,320 - $101,592|
|Total Pay (||$29,320 - $101,592|
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...
Most product analysts spend the majority of their time in an office environment, working closely with many different groups within the organization such as marketing, product development, and finance. However, certain markets (for instance, those who supply commercial construction tools) may spend some time in the field, interviewing and observing the most common users of their company’s products.
A bachelor's degree in a relevant field is typically the minimum educational requirement for this position. However, some product analysts are promoted from within their organization, often based upon their knowledge of the firm’s products and their overall abilities to think laterally and strategically. (Copyright 2018 PayScale.com)
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 Job Listings
Key Stats for Product Analyst
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