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Become A Development Research Analyst

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Working As A Development Research Analyst

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Interpreting the Meaning of Information for Others
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Make Decisions

  • $72,594

    Average Salary

What Does A Development Research Analyst Do

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.

Duties

Market research analysts typically do the following:

  • Monitor and forecast marketing and sales trends
  • Measure the effectiveness of marketing programs and strategies
  • Devise and evaluate methods for collecting data, such as surveys, questionnaires, and opinion polls
  • Gather data on consumers, competitors, and market conditions
  • Analyze data using statistical software
  • Convert complex data and findings into understandable tables, graphs, and written reports
  • Prepare reports and present results to clients and management

Market research analysts research and gather data to help a company market its products or services. They gather data on consumer demographics, preferences, needs, and buying habits. They collect data and information using a variety of methods, such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, and literature reviews.

Analysts help determine a company’s position in the marketplace by researching their competitors and analyzing their prices, sales, and marketing methods. Using this information, they may determine potential markets, product demand, and pricing. Their knowledge of the targeted consumer enables them to develop advertising brochures and commercials, sales plans, and product promotions. 

Market research analysts evaluate data using statistical techniques and software. They must interpret what the data mean for their client, and they may forecast future trends. They often make charts, graphs, infographics, and other visual aids to present the results of their research. 

Workers who design and conduct surveys are known as survey researchers.

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How To Become A Development Research Analyst

Most market research analysts need at least a bachelor’s degree. Top research positions may require a master’s degree. Strong math and analytical skills are essential. 

Education

Market research analysts typically need a bachelor’s degree in market research or a related field. Many have degrees in fields such as statistics, math, and computer science. Others have backgrounds in business administration, the social sciences, or communications.

Courses in statistics, research methods, and marketing are essential for these workers. Courses in communications and social sciences, such as economics or consumer behavior, are also important.

Some market research analyst jobs require a master’s degree. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). A master’s degree is often required for leadership positions or positions that perform more technical research. 

Licenses, Certifications, and Registrations

Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Candidates qualify based on experience and knowledge; they must pass an exam, be a member of a professional organization, and have at least 3 years working in opinion and marketing research. Individuals must complete 20 hours of industry-related continuing education courses every 2 years to renew their certification.

Important Qualities

Analytical skills. Market research analysts must be able to understand large amounts of data and information. 

Communication skills. Market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients. 

Critical-thinking skills. To determine what marketing strategy would work best for a company, market research analysts must assess all available information.

Detail oriented. Market research analysts must be detail oriented because they often do precise data analysis.

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Average Length of Employment
Analyst 2.4 years
Associate Analyst 2.4 years
Research Analyst 2.0 years
Assistant Analyst 1.9 years
Analyst Internship 0.5 years
Top Careers Before Development Research Analyst
Internship 10.7%
Manager 4.5%
Consultant 3.6%
Secretary 2.7%
Volunteer 2.7%
Top Careers After Development Research Analyst
Owner 5.6%
Analyst 4.7%
Consultant 3.7%

Do you work as a Development Research Analyst?

Development Research Analyst Demographics

Gender

Male

50.4%

Female

45.0%

Unknown

4.6%
Ethnicity

White

55.2%

Asian

17.1%

Hispanic or Latino

12.9%

Black or African American

11.2%

Unknown

3.6%
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Foreign Languages Spoken

Spanish

22.2%

Chinese

14.8%

Mandarin

14.8%

German

11.1%

Cantonese

7.4%

Hindi

7.4%

Bosnian

3.7%

Japanese

3.7%

French

3.7%

Kannada

3.7%

Urdu

3.7%

Italian

3.7%
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Development Research Analyst Education

Schools

University of Phoenix

8.8%

Harvard University

7.0%

DePaul University

7.0%

University of California - Berkeley

7.0%

Carnegie Mellon University

7.0%

University of Rochester

5.3%

Temple University

5.3%

Drexel University

5.3%

Baylor University

5.3%

Michigan State University

5.3%

Mississippi State University

5.3%

University of the Sciences

3.5%

Ithaca College

3.5%

Florida Institute of Technology-Melbourne

3.5%

New York University

3.5%

Villanova University

3.5%

Wayne State University

3.5%

University of Akron

3.5%

Georgetown University

3.5%

American University

3.5%
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Majors

Business

24.2%

Finance

9.8%

Management

5.9%

Economics

5.2%

Chemistry

5.2%

Political Science

5.2%

Marketing

4.6%

Accounting

4.6%

Information Technology

3.9%

Education

3.3%

Pharmacy

3.3%

Psychology

3.3%

History

3.3%

Computer Science

2.6%

Kinesiology

2.6%

Management Science

2.6%

Biology

2.6%

Journalism

2.6%

Computer Engineering

2.6%

Statistics

2.6%
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Degrees

Masters

38.0%

Bachelors

36.5%

Other

10.2%

Doctorate

6.4%

Associate

4.5%

Certificate

3.8%

License

0.4%

Diploma

0.4%
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Full Time
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Internship
Temporary

Real Development Research Analyst Salaries

Job Title Company Location Start Date Salary
Research Analyst/Quantitative Developer Mpg Operations LLC New York, NY Dec 19, 2016 $150,000
Research and Development Analyst BRIT Insurance Services USA, Inc. Chicago, IL Mar 15, 2010 $105,227
JR Research Analyst, Developing Markets/Global EQU Oppenheimerfunds, Inc. New York, NY Aug 20, 2012 $100,000
Research Analyst-Research and Development Chartis Global Services, Inc. New York, NY Feb 26, 2013 $98,900
R & D Analyst Progressive Casualty Insurance Company Ohio City, OH Feb 04, 2016 $92,143
R&D Analyst/Developer Accenture LLP San Jose, CA Aug 10, 2014 $92,000
Business Development Research Analyst Ironwood Pharmaceuticals, Inc. Cambridge, MA Aug 20, 2016 $86,000
Research and Development Analyst Progressive Casualty Insurance Company Highland Heights, OH Mar 31, 2013 $85,025
Development Research Analyst Innovative Core SEI Inc. San Jose, CA Sep 18, 2012 $85,000 -
$100,000
Business Development Research Analyst Ironwood Pharmaceuticals, Inc. Cambridge, MA Aug 20, 2016 $85,000
Contribution Research Analyst, Global Development Wikimedia Foundation, Inc. San Francisco, CA Aug 26, 2015 $84,800
Research and Development Analyst BRIT Insurance Services USA, Inc. Chicago, IL Sep 24, 2010 $84,081
Commercial R&D Analyst/Statistician I Farmers Group, Inc. Los Angeles, CA Jul 09, 2016 $83,000
Research Analyst-Research and Development National Union Fire Insurance Company of Pittsburg New York, NY Sep 23, 2010 $77,590
Research & Development Analyst Progressive Casualty Insurance Company Mayfield, OH Sep 08, 2014 $76,650
R & D Analyst IV Progressive Casualty Insurance Company Mayfield, OH Sep 10, 2012 $76,230
R & D Analyst Progressive Casualty Insurance Company Mayfield, OH Sep 19, 2016 $75,907
Research and Development Analyst Progressive Casualty Insurance Company Mayfield, OH Sep 24, 2013 $75,000
Research & Developement Analyst Progressive Casualty Insurance Company Mayfield, OH Sep 06, 2014 $75,000
Research Analyst-Global Product Development Analytics General Motors Company Warren, MI Aug 28, 2016 $75,000
Research & Development Analyst Progressive Casualty Insurance Company Mayfield, OH Sep 06, 2014 $75,000
Analyst, Research & Development Bay Bridge Decision Technologies, Inc. Annapolis, MD Sep 20, 2012 $62,600
Research and Development Analyst Progressive Casualty Insurance Company Mayfield, OH Jan 07, 2010 $60,798
R&D Analyst Dow Agrosciences, LLC Indianapolis, IN Oct 01, 2009 $60,715 -
$83,000
Research and Development Analyst Progressive Casualty Insurance Company Mayfield, OH Sep 18, 2013 $60,000
Research and Development Analyst Progressive Casualty Insurance Company Mayfield, OH Sep 24, 2013 $60,000
Research and Development Analyst Progressive Casualty Insurance Company Mayfield, OH Sep 15, 2013 $60,000

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Top Skills for A Development Research Analyst

  1. Procedures
  2. R
  3. Methods
You can check out examples of real life uses of top skills on resumes here:
  • Created a department newsletter to communicate department procedures and updates.
  • Provide economic and market information and assistance to business prospects and other county departments and jurisdictions.
  • Implemented statistical methods for processing industrial data including experimental design, linear regression and multivariate analysis.
  • Conducted scientific experiments, gathered, analyzed and presented data obtained from utilizing laboratory measuring and recording equipment.
  • Performed market research of select cities for potential apartment complexes.

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Top 10 Best States for Development Research Analysts

  1. Delaware
  2. New Jersey
  3. New York
  4. Rhode Island
  5. Texas
  6. Massachusetts
  7. Virginia
  8. District of Columbia
  9. Minnesota
  10. Connecticut
  • (53 jobs)
  • (397 jobs)
  • (968 jobs)
  • (47 jobs)
  • (886 jobs)
  • (586 jobs)
  • (907 jobs)
  • (279 jobs)
  • (266 jobs)
  • (175 jobs)

Top Development Research Analyst Employers

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