The average salary for a Product Analyst at Farmers Insurance Group is $67,750.
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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.
Popular Employer Salaries for Product Analyst
The top respondents for the job title Product Analyst are from the companies Visa, Inc., American Express Co. (AMEX) and Nationwide Mutual Insurance Company. 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 Tyler Technologies, Inc., earning around $74,032 and $64,862, respectively. American Greetings Corporation pays the lowest at around $53,920. Quicken Loans and Allstate also pay on the lower end of the scale, paying $54,604 and $54,666, respectively.
Product Analyst Job Listings
What Are Popular Skills for Product Analysts?
Skills in Data Analysis and Product Management are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel.
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 $64,000 based on 6 salaries. An early career Product Analyst with 1-4 years of experience earns an average total compensation of $69,342 based on 9 salaries.
Pay Difference by Location
Years of Experience
This data is based on 15 survey responses.