Factors such as education level and skills contribute to a product analyst’s earning potential. The highest-paying states for product analysts are Washington, California, and Alaska. The lowest average product analyst salary states are West Virginia, Kansas, and Kentucky. If you love data and are a curious, innovative, and collaborative individual, BI Developer/Analyst job you might want to consider a career as a product analyst.
Companies Hiring Product Analysts
You may collect this data through various techniques, such as surveys, interviews, and automated polling tools. Your role as a product consultant would include educating businesses about product management responsibilities. You’ll typically help an organization better connect its product management teams to business needs. Various factors, including your education and skill set, can affect your potential wages.
Tools and Programs Product Analysts Use
Product analysts are responsible for conducting product and user research as well as analyzing related data to support the product development process. They largely ensure a product is reaching the right audiences and meeting both user and business needs. Product analysts tend to be involved in the pre-launch and post-launch stages of product development.
What Is a Product Analyst? Job Roles, Skills & Salary
- They also need to manage their time well, as they will often have multiple projects going on at the same time.
- They also work with the development team to ensure that the product is delivered on time and within budget.
- Talking about product management, the primary app that product managers rely on is Chisel.
- The average Product Analyst salary in the United Kingdom is £35,827 as of March 03, 2021, but the range typically falls between £28,568 and £42,455.
- Product analysts, while similar, focus on product-driven performance, analyzing data to better understand user interactions and measure the outcomes of product changes.
- Add another dimension to your skillset by taking Udemy’s online product management courses.
In addition to core workplace skills, you’ll need specific technical proficiencies to get a product manager job and succeed in the role. You’ll draw insights about products from the data you’ve gathered. This information can then help to make data Programming language implementation inferences informed by your experience. The day-to-day role of a product analyst involves using data to understand customer perception of products.
Workplace skills required for a career as a product analyst
Gain valuable insights into the elements that shape product analysts’ pay, along with some vital details about the skills and qualifications that can boost your earning potential. This is based on salary data submitted by Interview Query members. Keep in mind again that the cities both you or the company are located in can have a big impact on how far each dollar will go. Learn job-ready competencies in data analytics by earning an IBM Data Analyst Professional Certificate. When building your resume for a product analyst role, knowing the product analyst skills and experience employers are looking for is helpful. You’ll want to list your technical skills but demonstrate your workplace skills implicitly in interviews.
- If not starting as a product analyst, professionals may begin their career beforehand as a business analyst, data analyst, systems analyst or a similar role.
- Without product analysts, new products may not perform, function or sell as intended upon release.
- Well, here’s everything you needed to know about the product analyst job.
- A business analyst helps a company improve its business operations by identifying problems and recommending solutions.
- The average total compensation for a Product Analyst in US is $87,161.
- Product analyst salary is impacted by location, education, and experience.
You’ll gather and analyse data, refine insights, formulate suggestions, and present your findings. The demand for product analysts is expected to grow by 21% from 2020 to 2028, much faster than the average for all occupations. You can become a product analyst by starting with an entry-level position and working your way up. Alternatively, you can also get a master’s degree in business administration or management information systems. A business analyst helps a company improve its business operations by identifying problems and recommending solutions. They are responsible for understanding customer needs and requirements and translating them into actionable items for the development team.
- Some of these product analyst tools include SQL, Tableau, Excel, and SAS.
- If you love data and are curious, innovative, and collaborative, you might want to consider a career as a product analyst.
- You’ll want to list your technical skills but demonstrate your workplace skills implicitly in interviews.
- Product analyst salaries at Meta and Apple are the highest-paying according to our most recent salary estimates.
- To be a successful product analyst, you will need strong analytical skills.
They also need to manage their time well, as they will often have multiple projects going on at the same time. A product analyst’s salary is typically based on experience and skill set. A product analyst is a person who analyzes and understands the needs of customers to create actionable requirements for the https://wizardsdev.com/en/vacancy/middle-business-analyst/ development team.
Product Analyst Salaries By Experience Level
We hope this article has helped you understand what a product analyst does and what the job entails. Well, here’s everything you needed to know about the product analyst job. But, we want to go one step further and help you clarify the difference between a product analyst and other roles people commonly confuse them with. Most companies want their product analysts to have at least three years of experience. According to Indeed.com, the average salary for a product analyst is $70,000 per year.
Product analysts are usually part of a product or IT team within a company. They may collaborate with marketing analysts, software developers and UX designers to accomplish their work. They also tend to report to senior product analysts or product managers.