You’ll be pivotal to the success of product launches, marketing campaigns, and company growth. The experience you gain can also open up opportunities for career advancement in marketing, product, and management roles. Data analysts interpret large volumes of company data to derive actionable insights and improve business performance over time. Product analysts, while similar, focus on product-driven performance, analyzing data to better understand user interactions and measure the outcomes of product changes. Data analysts often work alongside product managers and developers.
Creating actionable items for the development team
The average total compensation for a Product Analyst in US is $87,161. Product Analyst salaries are based on responses gathered by Built In from anonymous Product Analyst employees in US. Additionally, product analyst tools may also include project management tools such as Jira and so on.
Highest paying states for product analysts
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. 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. According to Indeed.com, the average salary for a product analyst is $70,000 per year. However, salaries can range from $75,000 to $150,000 per year, depending on experience and location.
Related Product Management Careers
General Assembly’s Data Analytics Immersive is a transformative course designed for you to get the necessary skills for a data analyst role in three months. Add another dimension to your skillset by taking Udemy’s online product management courses. These skills are essential to work effectively with other members of the product team. Shadow someone who is working in a role that you’re interested in. A firm’s financial health and performance can BI Developer/Analyst job impact its ability to offer competitive salaries. Firms that are experiencing rapid growth typically offer higher pay.
- The highest-paying states for product analysts are Washington, California, and Alaska.
- Discover information about product analyst skills, salary, and job responsibilities.
- We hope this article has helped you understand what a product analyst does and what the job entails.
- They work with the product team to ensure that the product meets the customer’s needs.
- A product analyst’s salary is typically based on experience and skill set.
- The duties of a product analyst vary depending on the company and product.
Product Analyst Hard Skills
They work with the product team to ensure that the product meets the customer’s needs. Let’s break down the difference between a product analyst vs. a product manager and a product analyst vs. a business analyst. In addition to these technical skills, product analysts also need to have soft skills such as teamwork, communication, and time management. A product analyst needs to conduct detailed user research to help with product development or improvement. They also need to manage their time well, as they will often have multiple projects going on at the same time.
- Open more doors for your career by securing online product management certifications with Udacity.
- Most companies want their product analysts to have at least three years of experience.
- Product analysts, while similar, focus on product-driven performance, analyzing data to better understand user interactions and measure the outcomes of product changes.
- Product analysts work on teams, collaborating with marketing, data, and IT professionals, engineers, and designers, to deliver core insights.
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 you love data Software testing 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.
