A category analyst is responsible for reviewing the category management systems to improve efficiency. This role helps to maximize the productivity of distribution departments and improve customer satisfaction. He/She works with suppliers and third-party vendors and negotiates pricing contracts. He/She researches current market trends to aid product selection and maintains the adequacy of stock inventories. Also, he/she develops cost-reduction techniques by conducting data analysis and studying the current operational policies. Category analysts recommend ways to improve distribution and pricing.
Working as a category analyst requires a bachelor's degree in business administration, economics, or finances. You must have at least two years of experience in business or a related discipline. You must be able to build long-term customer relationships. Skills like communication, problem-solving, and multitasking are essential to this position.
The category analyst makes an average salary of $63,909 per annum or $30.73 an hour. The salary range falls between $45,000 and $89,000.
There is more than meets the eye when it comes to being a category analyst. For example, did you know that they make an average of $30.73 an hour? That's $63,909 a year!
Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.
There are certain skills that many category analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, analytical skills and communication skills.
If you're interested in becoming a category analyst, one of the first things to consider is how much education you need. We've determined that 78.6% of category analysts have a bachelor's degree. In terms of higher education levels, we found that 11.3% of category analysts have master's degrees. Even though most category analysts have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a category analyst. When we researched the most common majors for a category analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on category analyst resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a category analyst. In fact, many category analyst jobs require experience in a role such as analyst. Meanwhile, many category analysts also have previous career experience in roles such as sales representative or administrative assistant.