Competitive intelligence analysts are responsible for helping their organization or company make effective decisions about future actions. They do this by gathering relevant data to determine the likely course of action that others will take. For example, if they work for a company that provides network television to customers, they will investigate the potential business strategies of their competitors. They determine the best way for their company to develop, expand their market share, and provide more desirable services than their competitors.
More than half of the business intelligence analysts have at least a bachelor's degree. Employers tend to seek applicants who have studied business administration or other business-oriented disciplines, such as marketing, and a master's degree may be an asset. Since competitive intelligence analysts perform many tasks on computers, they should be familiar with a range of software used to analyze data and enhance images. They should also be familiar with social media platforms.
Competitive intelligence analysts can expect an average annual salary of $79,330.
There is more than meets the eye when it comes to being a competitive intelligence analyst. For example, did you know that they make an average of $42.25 an hour? That's $87,883 a year!
Between 2018 and 2028, the career is expected to grow 5% and produce 37,500 job opportunities across the U.S.
There are certain skills that many competitive intelligence 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 empathy, good judgment and leadership skills.
When it comes to the most important skills required to be a competitive intelligence analyst, we found that a lot of resumes listed 19.8% of competitive intelligence analysts included market research, while 10.0% of resumes included powerpoint, and 8.6% of resumes included competitive analysis. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the competitive intelligence analyst job title. But what industry to start with? Most competitive intelligence analysts actually find jobs in the technology and manufacturing industries.
If you're interested in becoming a competitive intelligence analyst, one of the first things to consider is how much education you need. We've determined that 47.9% of competitive intelligence analysts have a bachelor's degree. In terms of higher education levels, we found that 42.0% of competitive intelligence analysts have master's degrees. Even though most competitive intelligence 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 competitive intelligence analyst. When we researched the most common majors for a competitive intelligence analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on competitive intelligence analyst resumes include doctoral degree degrees or associate degree degrees.
You may find that experience in other jobs will help you become a competitive intelligence analyst. In fact, many competitive intelligence analyst jobs require experience in a role such as internship. Meanwhile, many competitive intelligence analysts also have previous career experience in roles such as market research analyst or research assistant.