Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Data research analyst hiring summary. Here are some key points about hiring data research analysts in the United States:
Here's a step-by-step data research analyst hiring guide:
The job of a data research analyst focuses on the interpretation of research results. The results data research analysts gather is turned into information offering ways for business improvement. They collect data information from different sources then interpret their patterns and trends. These professionals prepare investigative reports on assets and securities for a client or in-house use. They need to develop skills in a good organization, excellent communication, attention to detail, and accuracy.
First, determine the employments status of the data research analyst you need to hire. Certain data research analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect data research analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
The following list breaks down different types of data research analysts and their corresponding salaries.
| Type of Data Research Analyst | Description | Hourly rate |
|---|---|---|
| Data Research Analyst | 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. | $19-38 |
| Analyst Sales | Analyst sales, or a sales analyst, is a professional 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... Show more | $22-47 |
| Analyst | Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more | $25-47 |
Including a salary range in the data research analyst job description is a good way to get more applicants. A data research analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a data research analyst in West Virginia may be lower than in Washington, and an entry-level engineer typically earns less than a senior-level data research analyst. Additionally, a data research analyst with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $80,580 | $39 |
| 2 | New Jersey | $75,555 | $36 |
| 3 | California | $71,617 | $34 |
| 4 | District of Columbia | $71,502 | $34 |
| 5 | New York | $71,296 | $34 |
| 6 | Virginia | $64,671 | $31 |
| 7 | Minnesota | $64,457 | $31 |
| 8 | Massachusetts | $62,090 | $30 |
| 9 | Oregon | $60,637 | $29 |
| 10 | Texas | $59,585 | $29 |
| 11 | Georgia | $59,259 | $28 |
| 12 | Colorado | $58,842 | $28 |
| 13 | Illinois | $58,462 | $28 |
| 14 | Arkansas | $57,577 | $28 |
| 15 | North Carolina | $57,498 | $28 |
| 16 | Utah | $56,081 | $27 |
| 17 | Maryland | $54,508 | $26 |
| 18 | Pennsylvania | $54,249 | $26 |
| 19 | Tennessee | $52,359 | $25 |
| 20 | Ohio | $51,678 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Microsoft | $100,350 | $48.25 | 387 |
| 2 | $92,790 | $44.61 | 381 | |
| 3 | The Citadel | $86,643 | $41.66 | 15 |
| 4 | Bloomberg | $86,139 | $41.41 | 69 |
| 5 | Meketa Investment Group | $84,675 | $40.71 | 2 |
| 6 | Douglas Elliman | $83,715 | $40.25 | |
| 7 | Mesirow | $81,416 | $39.14 | |
| 8 | Evercore | $80,778 | $38.84 | 7 |
| 9 | Moody's | $78,922 | $37.94 | 3 |
| 10 | Two Sigma | $78,674 | $37.82 | |
| 11 | Activision Blizzard | $77,608 | $37.31 | 7 |
| 12 | QuintilesIMS | $75,461 | $36.28 | 122 |
| 13 | Stanford University | $73,423 | $35.30 | 169 |
| 14 | Oak Ridge National Laboratory | $72,348 | $34.78 | 35 |
| 15 | Los Alamos National Laboratory | $72,316 | $34.77 | 57 |
| 16 | SC Johnson | $71,675 | $34.46 | 1 |
| 17 | Merrill Lynch | $70,588 | $33.94 | |
| 18 | Munich Reinsurance America, Inc. | $70,510 | $33.90 | 3 |
| 19 | U.S. Bank | $70,476 | $33.88 | 57 |
| 20 | Datadog | $69,983 | $33.65 | 14 |
A good data research analyst job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a data research analyst job description:
To find the right data research analyst for your business, consider trying out a few different recruiting strategies:
Recruiting data research analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the data research analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
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 data research analyst. 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.
There are different types of costs for hiring data research analysts. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new data research analyst employee.
You can expect to pay around $57,865 per year for a data research analyst, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for data research analysts in the US typically range between $19 and $38 an hour.