What Is a Product Analyst? Job Roles, Skills & Salary

Hourly wages range from $20.00 to $62.00.Salaries and wages depend on multiple factors including geographic location, experience, seniority, industry, education etc. Product analysts help companies understand how their products are performing. They use data to analyze customer behavior, sales data, market trends, and product features in order to provide recommendations on how to improve the product. The product analyst’s job entails gathering and analyzing customer data on a particular product.

Technical skills

To be a successful product analyst, you will need strong analytical skills. You must be able to understand customer needs and requirements and how to communicate with developers. Compare product analyst salaries for individual cities or states with the national average.

• Beyond seniority, company, and location, there are other factors that can impact the salary of product analysts.
• The proposal is to have the product team manage all the product Intakes across the business.
• The majority of product analysts, around 73 percent, have a bachelor’s degree.
• In 2014, the average product analyst earned $71,019 annually, but today, they earn $79,316 a year.
• This is based on salary data submitted by Interview Query members.

Senior Product Analyst (f/h/n)

Analyzes, verifies, tracks and recommends for Project, Product and Solution implementation and maintenance. Recommends and delivers product and solution plans and training materials throughout implementation and helps ensure smooth operations post implementation. These skills are essential to work effectively with other members of the product team. Review the job openings and experience requirements for the Product Analyst job to confirm that it is the job you are seeking. Coursera’s editorial team is comprised of highly experienced professional editors, writers, and fact… Our Product Operations Analyst will be Software development an integral part of our R&D Organization.

Anteater Pest & Lawn Services

Add another dimension to your skillset by taking Udemy’s online product management courses. Product analysts, grouped under market research analysts by the U.S. Bureau of Labor Statistics, are expected to see a job increase of 19 percent by 2031.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence. Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence. Experience working with JIRA, Confluence and other Atlassian products; with Linux operating systems or Microsoft Server operating systems.

They work with the business users to understand their needs and design a system that meets those needs. The product analyst also plays a role in testing and refining the product. They must be able to identify bugs and usability issues and communicate them to the development team. You may collect, manage, and organize customer feedback using a seamless product management system like Chisel, which offers a variety of tools for user research.

• This content has been made available for informational purposes only.
• Product analyst salary is impacted by location, education, and experience.
• Product analysts are usually part of a product or IT team within a company.
• May lead a loan review or other internal committee that has oversight on credit policy.
• A product analyst is a person who analyzes and understands the needs of customers to create actionable requirements for the development team.

A product analyst’s salary is typically based on experience and skill set. Talking about product management, the primary app that product managers rely on is Chisel. It comes with a package filled with features such as building team alignment, creating product roadmaps, and collecting customer feedback. https://wizardsdev.com/en/vacancy/javascript-automation-engineer-js/ For example, product analysts may help on what new features to develop, what kind of product-specific marketing strategy may be the best, and how to retain customers. Product analyst salary is impacted by location, education, and experience. Product analysts are responsible for conducting product and user research as well as analyzing related data to support the product development process.

• Product analyst candidates are often expected to hold a bachelor’s degree in business, economics, mathematics or a similar field.
• A product analyst’s salary ranges from $56,000 a year at the 10th percentile to $111,000 at the 90th percentile.
• To be a successful product analyst, you will need strong analytical skills.
• You can become a product analyst by starting with an entry-level position and working your way up.
• Well, here’s everything you needed to know about the product analyst job.
• A marketing analyst analyzes data to understand a company’s marketing effectiveness.

If you love data and are a curious, innovative, and collaborative individual, you might want to consider a career as a product analyst. Organizations need them to gather and interpret data to design better products and services. As a product analyst, you’ll work on exciting projects throughout the product lifecycle and directly impact product strategy and business performance. A product analyst’s job is to understand the customer, market, and business to help the product team make data-driven decisions.

Firms that are experiencing rapid growth typically offer higher pay. These are some BI Developer/Analyst job technical proficiencies you’ll need to succeed as a product analyst. Learn more about what a product analyst does and how you can become one.