As a product analyst, you must be able to share your findings with others, both verbally and in written reports. You’ll also need to explain technical information and data-driven insights to non-technical colleagues. Check out the information we’ve uncovered about product analyst skills, salary, and job responsibilities to determine if this is the right career for you.
- Learn more about what a product analyst does and how you can become one.
- You’ll need These technical proficiencies to succeed as a product analyst.
- Why This Role MattersThis role serves as a critical link between business needs and technical execution, ensuring successful project outcomes.
- For instance, industries such as information technology offer attractive compensation for product analysts at an average of $102,874 annually 2.
- Certifications like Certified Analytics Professional (CAP) and Certified Business Analysis Professional (CBAP) are highly regarded by employers.
- The experience you gain can also open up opportunities for career advancement in marketing, product, and management roles.
- Most companies want their product analysts to have at least three years of experience.
Average product analyst salary over time
They work with stakeholders to understand their needs and develop requirements for the product. They also work with the development team to ensure that the product is delivered on time and within budget. The majority of product analysts, around 73 percent, have a bachelor’s degree. The second most common qualification is a master’s, held by 15 percent of professionals in the field. Among product analysts, the preferred major is business, chosen by 29 https://wizardsdev.com/en/vacancy/project-manager/ percent of professionals. Finance, marketing, and economics are other popular major options for product analysts 6.
Common Health Benefits for a Product Analyst
Certifications like Certified Analytics Professional (CAP) and Certified Business Analysis Professional (CBAP) are highly regarded by employers. Product analysts observe how people use products and analyze the data they collect. Product analysts work on teams, collaborating with data and IT professionals, engineers, designers, and marketing to deliver core insights.
- Product analysts observe how people use products and analyze the data they collect.
- The cost of living and regional demand for specific skills, among other factors, can influence your potential earnings as a product analyst.
- Factors such as education level and skills contribute to a product analyst’s earning potential.
- Demand for product analysts is already high, with demand for the role expected to increase.
- Data analysts interpret large volumes of company data to derive actionable insights and improve business performance over time.
- Compare product analyst salaries for individual cities or states with the national average.
Creating actionable items for the development team
As an analytics professional, BI Developer/Analyst job you must be able to think creatively and outside the norm, mainly when tasked with finding solutions to complex issues. Shadow someone who is working in a role that you’re interested in. However, some companies will hire you with less experience if you have the required skill set. Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends. Coursera’s editorial team is comprised of highly experienced professional editors, writers, and fact… Product analysts need to have strong analytical and problem-solving skills.
No specific educational requirements for product analyst jobs exist. If you love data and are curious, innovative, and collaborative, you might want to consider a career as a product analyst. Organisations need them to gather and interpret data to design better products and services.
Testing and refining the product
Organizations need them to Software engineering gather and interpret data to design better products and services. The product analyst’s job entails gathering and analysing data on how customers use a particular product. That data allows you to determine what product features are widely adopted and which need improvement.