What Is a Product Analyst? Skills, Salary, and Requirements

These are some 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. We’ve negotiated thousands of offers and regularly achieve $30K+ (sometimes $300K+) increases. Get your salary negotiated or your resume reviewed by the real experts – recruiters who do it daily.

Companies Hiring Product Analysts

Knowledge in the areas of product and user analysis, feature flagging and testing, product development, project management and effective communication are also recommended. Educational requirements for a product analyst include having at least a bachelor’s BI Developer/Analyst job degree in business, engineering, information systems, or a related field. However, many companies are willing to hire candidates who have no formal education but have worked in the same role for at least three years.

• Discover information about product analyst skills, salary, and job responsibilities in this guide.
• Most data science positions fall under different position titles depending on the actual role.
• The product analyst’s job entails gathering and analysing data on how customers use a particular product.
• Overall, a Product Analyst serves as a bridge between stakeholders, development teams, and customers, ensuring that the product aligns with user needs and business goals.
• They provide insight into what the product should do, not how to make it happen.
• According to data from multiple job listing sites, the average annual income for a product analyst ranges from just over $70,000 to more than $100,000.

Learn more about how you can become a product analyst with Coursera.

Learn job-ready competencies in data analytics by earning an IBM Data Analyst Professional Certificate. A product analyst helps shape the development of new business products. You’ll be pivotal to the success of product launches, marketing campaigns, and company growth.

What is a product analyst’s salary?

Conducting thorough research and assessing market trends can help you identify sectors where your skills are in high demand. For instance, industries such as information technology offer attractive compensation for product analysts at an average of $102,874 annually 2. According to Zippia, product analysts with a master’s degree earn an average annual salary of $87,293. Those holding a bachelor’s degree earn an average of $79,941 per year, while project analysts with a doctorate can expect an average annual income of $91,669 6. 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.
• Their primary goal is to ensure the product is well-suited to meet the company’s present and future needs, resulting in increased profitability and customer satisfaction.
• Beyond seniority, company, and location, there are other factors that can impact the salary of product analysts.
• Some employers require statistics, data analytics, or product management certifications, such as CII ProdXpert Certification.

Product analyst tools

Demand for product analysts is already high, with demand for the role expected to increase. Many product analysts become product managers after they’ve gained experience in the industry, another position which is expected to see greater demand in the future. There are no specific educational requirements for product analyst jobs. Still, employers usually look for candidates with at least a bachelor’s degree in Line code business management, economics, finance, or another relevant field. The product analyst’s job entails gathering and analysing data on how customers use a particular product. This allows you to determine what product features are widely adopted and which need improvement.