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Analyst sales hiring summary. Here are some key points about hiring analyst sales in the United States:
Here's a step-by-step analyst sales hiring guide:
Analyst sales, or a sales analyst, is an individual who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses. They develop and provide market intelligence data solutions for the sales team to maximize territory sales efforts. Sales analysts must also maintain a business relationship with key account top management to deliver outstanding customer service and assistance.
Before you start hiring an analyst sales, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
An analyst sales's background is also an important factor in determining whether they'll be a good fit for the position. For example, analyst sales from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of analyst sales salaries for various roles:
| Type of Analyst Sales | Description | Hourly rate |
|---|---|---|
| Analyst Sales | Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price. | $22-47 |
| Business Development Analyst | A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers... Show more | $18-43 |
| Marketing Research Analyst | The primary role of a market research analyst is to collect and analyze data on competitors and consumers. Market research analysts have to study market conditions and investigate probable service or product sales... Show more | $17-38 |
Including a salary range in your analyst sales job description helps attract top candidates to the position. An analyst sales salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for an analyst sales in Louisiana may be lower than in Washington, and an entry-level analyst sales usually earns less than a senior-level analyst sales. Additionally, an analyst sales with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $94,223 | $45 |
| 2 | California | $88,672 | $43 |
| 3 | New York | $80,827 | $39 |
| 4 | New Jersey | $75,876 | $36 |
| 5 | District of Columbia | $73,752 | $35 |
| 6 | Pennsylvania | $73,130 | $35 |
| 7 | Virginia | $72,966 | $35 |
| 8 | Minnesota | $67,109 | $32 |
| 9 | Massachusetts | $65,323 | $31 |
| 10 | Illinois | $65,234 | $31 |
| 11 | North Carolina | $64,112 | $31 |
| 12 | Colorado | $62,574 | $30 |
| 13 | Indiana | $60,961 | $29 |
| 14 | Maryland | $60,529 | $29 |
| 15 | Arkansas | $60,505 | $29 |
| 16 | Texas | $59,129 | $28 |
| 17 | Arizona | $58,681 | $28 |
| 18 | Michigan | $58,409 | $28 |
| 19 | South Carolina | $58,235 | $28 |
| 20 | Ohio | $56,535 | $27 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $112,922 | $54.29 | 42 | |
| 2 | NVIDIA | $112,251 | $53.97 | 4 |
| 3 | BMO Capital Markets | $105,706 | $50.82 | 10 |
| 4 | Amazon | $103,971 | $49.99 | 38 |
| 5 | Goldman Sachs | $102,032 | $49.05 | 62 |
| 6 | Microsoft | $101,715 | $48.90 | 8 |
| 7 | Workday | $98,928 | $47.56 | 1 |
| 8 | Citi | $98,623 | $47.41 | 45 |
| 9 | Jefferies | $98,579 | $47.39 | 1 |
| 10 | Invesco | $98,496 | $47.35 | 9 |
| 11 | Intuitive Surgical | $98,312 | $47.27 | 2 |
| 12 | Mesirow | $97,082 | $46.67 | 2 |
| 13 | MUFG EMEA | $96,999 | $46.63 | |
| 14 | Visa | $96,486 | $46.39 | 27 |
| 15 | Synopsys | $96,189 | $46.24 | |
| 16 | Santander Bank | $96,052 | $46.18 | 7 |
| 17 | Barclays | $95,569 | $45.95 | 5 |
| 18 | Mattel | $95,037 | $45.69 | 3 |
| 19 | Constellation Brands | $93,722 | $45.06 | 19 |
| 20 | JPMorgan Chase & Co. | $92,116 | $44.29 | 110 |
A job description for an analyst sales role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an analyst sales job description:
There are various strategies that you can use to find the right analyst sales for your business:
Your first interview with analyst sales candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect analyst sales candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
After that, you can create an onboarding schedule for a new analyst sales. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Hiring an analyst sales comes with both the one-time cost per hire and ongoing costs. The cost of recruiting analyst sales involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of analyst sales recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for analyst sales is $69,093 in the US. However, the cost of analyst sales hiring can vary a lot depending on location. Additionally, hiring an analyst sales for contract work or on a per-project basis typically costs between $22 and $47 an hour.