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Working as an Industrial Analyst

There is more than meets the eye when it comes to being an industrial analyst. For example, did you know that they make an average of $33.78 an hour? That's $70,266 a year!

Between 2018 and 2028, the career is expected to grow 14% and produce 118,300 job opportunities across the U.S.

What Does an Industrial Analyst Do

There are certain skills that many industrial 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 interpersonal skills, problem-solving skills and time-management skills.

When it comes to the most important skills required to be an industrial analyst, we found that a lot of resumes listed 23.3% of industrial analysts included market research, while 13.1% of resumes included quantitative analysis, and 9.3% of resumes included financial statements. 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 industrial analyst job title. But what industry to start with? Most industrial analysts actually find jobs in the technology and finance industries.

How To Become an Industrial Analyst

If you're interested in becoming an industrial analyst, one of the first things to consider is how much education you need. We've determined that 43.7% of industrial analysts have a bachelor's degree. In terms of higher education levels, we found that 44.1% of industrial analysts have master's degrees. Even though most industrial 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 an industrial analyst. When we researched the most common majors for an industrial analyst, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on industrial analyst resumes include doctoral degree degrees or associate degree degrees.

You may find that experience in other jobs will help you become an industrial analyst. In fact, many industrial analyst jobs require experience in a role such as internship. Meanwhile, many industrial analysts also have previous career experience in roles such as analyst or research associate.

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Average Salary$70,266
Job Growth Rate14%

Industrial Analyst Career Paths

Top Careers Before Industrial Analyst

Analyst
7.8 %

Top Careers After Industrial Analyst

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Industrial Analyst

Industrial Analysts in America make an average salary of $70,266 per year or $34 per hour. The top 10 percent makes over $119,000 per year, while the bottom 10 percent under $41,000 per year.
Average Salary
$70,266

Best Paying Cities

City
Average Salary
Washington, DC
Salary Range75k - 133k$100k$100,238
New York, NY
Salary Range68k - 128k$94k$93,687
Bellevue, WA
Salary Range69k - 124k$93k$93,082
Westport, CT
Salary Range60k - 113k$83k$82,550
Natick, MA
Salary Range57k - 110k$79k$79,456
Rockville, MD
Salary Range58k - 104k$78k$78,195
$39k
$133k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Industrial Waste Analyst
Industrial Waste Analyst
City of Redding
City of Redding
08/27/2020
08/27/2020
$60,78008/27/2020
$60,780
Industrial Analyst
Industrial Analyst
Federal Energy Regulatory Commission (FERC)
Federal Energy Regulatory Commission (FERC)
11/24/2019
11/24/2019
$117,19111/24/2019
$117,191
Industrial Analyst
Industrial Analyst
Federal Energy Regulatory Commission (FERC)
Federal Energy Regulatory Commission (FERC)
10/23/2019
10/23/2019
$137,84910/23/2019
$137,849
Industrial Analyst
Industrial Analyst
Federal Energy Regulatory Commission (FERC)
Federal Energy Regulatory Commission (FERC)
09/19/2019
09/19/2019
$137,84909/19/2019
$137,849
Senior Industry Analyst-Life Sciences
Senior Industry Analyst-Life Sciences
Frost & Sullivan
Frost & Sullivan
08/27/2019
08/27/2019
$100,56808/27/2019
$100,568
See More Recent Salaries

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Industrial Analyst Demographics

Gender

male

60.8 %

female

31.5 %

unknown

7.7 %

Ethnicity

White

70.3 %

Asian

13.4 %

Hispanic or Latino

7.1 %

Foreign Languages Spoken

Spanish

29.5 %

Mandarin

14.8 %

Chinese

9.8 %
See More Demographics

Industrial Analyst Education

Majors

Business
32.1 %
Finance
25.4 %
Economics
10.9 %

Degrees

Masters

44.1 %

Bachelors

43.7 %

Doctorate

5.1 %

Top Colleges for Industrial Analysts

1. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

4. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

5. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

6. George Washington University, The

Washington, DC • Private

In-State Tuition
$55,230
Enrollment
12,161

7. Pennsylvania State University

University Park, PA • Public

In-State Tuition
$18,454
Enrollment
40,108

8. University of Georgia

Athens, GA • Public

In-State Tuition
$11,830
Enrollment
29,474

9. University of Rochester

Rochester, NY • Private

In-State Tuition
$53,909
Enrollment
6,348

10. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Industrial Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 23.3% of industrial analysts listed market research on their resume, but soft skills such as interpersonal skills and problem-solving skills are important as well.

Best States For an Industrial Analyst

Some places are better than others when it comes to starting a career as an industrial analyst. The best states for people in this position are Alaska, New York, Washington, and Connecticut. Industrial analysts make the most in Alaska with an average salary of $120,616. Whereas in New York and Washington, they would average $93,154 and $91,394, respectively. While industrial analysts would only make an average of $82,537 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. District of Columbia

Total Industrial Analyst Jobs:
590
Highest 10% Earn:
$168,000
Location Quotient:
4.32
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Industrial Analyst Jobs:
1,290
Highest 10% Earn:
$163,000
Location Quotient:
1.41
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Industrial Analyst Jobs:
235
Highest 10% Earn:
$148,000
Location Quotient:
1.06
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Industrial Analyst Employers

1. Frost & Sullivan
4.2
Avg. Salary: 
$70,226
Industrial Analysts Hired: 
83+
2. Federal Energy Regulatory Commission
4.7
Avg. Salary: 
$120,180
Industrial Analysts Hired: 
20+
3. Google
4.8
Avg. Salary: 
$102,916
Industrial Analysts Hired: 
18+
4. Accenture
4.5
Avg. Salary: 
$74,176
Industrial Analysts Hired: 
17+
5. Boeing
4.9
Avg. Salary: 
$127,443
Industrial Analysts Hired: 
15+
6. United States Department of Energy
4.3
Avg. Salary: 
$126,201
Industrial Analysts Hired: 
8+
Updated October 2, 2020