How to hire an industrial analyst

How to hire an industrial analyst, step by step

Here's a step-by-step industrial analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write an industrial analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new industrial analyst
• Step 8: Go through the hiring process checklist

What does an industrial analyst do?

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1. Identify your hiring needs

   The industrial analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them an industrial analyst to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an industrial analyst that fits the bill.

   This list shows salaries for various types of industrial analysts.

   Type of Industrial Analyst	Description	Hourly rate
   Industrial Analyst	Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.	$22-50
   Tax Preparer	A tax preparer is responsible for preparing and processing the tax obligations of an organization. Tax preparers' duties include calculating tax returns, reviewing financial statements and make adjustments as needed, analyzing deductible expenses and credits, and adhering to the tax regulations and legislation procedures at all times... Show more	$14-40
   Analyst Internship	An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more	$13-25

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Macro
   • Market Research
   • Quantitative Analysis
   • PowerPoint
   • SQL
   • Data Analysis
   • Research Reports
   • Financial Statements
   • Industry Analysis
   • Aerospace
   • Financial Analysis
   • Business Development
   • Market Trends
   • Regression

   Check all skills

   Responsibilities:

   • Develop an innovative methodology to identify transshipment or diversion of export-control commodities using international trade data and intelligence leads.
   • Help develop site wide team's SQL skills.
   • Debug SAS programs to analyze employment growth in the energy industry.
   • Produce reports covering a range of industries including aerospace, hospitality, POS technology, and retail.
   • Provide timely updates and reports on individual companies, incorporating earnings projections, along with DCF and other valuation methodologies.
   • Develop a financial model to calculate the ROI of consumer promotional events and present a recommendation for future promotion strategy.

   More industrial analyst duties

3. Make a budget

   Including a salary range in your industrial analyst job description helps attract top candidates to the position. An industrial analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for an industrial analyst in Hawaii may be lower than in New York, and an entry-level industrial analyst usually earns less than a senior-level industrial analyst. Additionally, an industrial analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average industrial analyst salary

   $69,648yearly

   $33.48 hourly rate

   ---

   Entry-level industrial analyst salary

   $46,000 yearly salary

   Updated December 15, 2025

   Average industrial analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	District of Columbia	$104,881	$50
   2	New York	$93,878	$45
   3	Washington	$90,629	$44
   4	Massachusetts	$86,401	$42
   5	Connecticut	$81,314	$39
   6	California	$78,926	$38
   7	Virginia	$78,410	$38
   8	Minnesota	$75,482	$36
   9	North Carolina	$75,191	$36
   10	Maryland	$72,903	$35
   11	Illinois	$72,816	$35
   12	Michigan	$72,618	$35
   13	Pennsylvania	$70,102	$34
   14	Colorado	$69,513	$33
   15	Ohio	$66,941	$32
   16	Missouri	$65,743	$32
   17	Utah	$65,627	$32
   18	Georgia	$64,915	$31
   19	Texas	$61,456	$30
   20	Indiana	$54,992	$26

   Average industrial analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	The Citadel	$146,280	$70.33	4
   2	Federal Energy Regulatory Commission	$127,930	$61.50
   3	Google	$118,984	$57.20	20
   4	MUFG EMEA	$110,807	$53.27
   5	JPMorgan Chase & Co.	$106,609	$51.25	90
   6	Wellington Management	$103,096	$49.57	1
   7	Barclays	$102,617	$49.34	3
   8	J.P. Morgan	$102,354	$49.21
   9	College for Creative Studies	$92,106	$44.28
   10	Oracle	$86,941	$41.80	169
   11	Wargaming	$85,052	$40.89	2
   12	iSuppli	$81,821	$39.34
   13	Burns & McDonnell	$75,606	$36.35	4
   14	Comcast	$75,590	$36.34	19
   15	Grandbridge Real Estate Capital	$74,602	$35.87	59
   16	Regions Bank	$74,570	$35.85	4
   17	Wellington Group	$74,142	$35.65
   18	The Gryphon	$72,953	$35.07
   19	Vistex	$72,695	$34.95
   20	SGS	$72,500	$34.86	3

4. Writing an industrial analyst job description

   A job description for an industrial analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an industrial analyst job description:

   Industrial analyst job description example

   About us As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients' business and wealth.Rothschild & Co is a global and family-controlled group. We provide M&A, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals and governments, worldwide.Having been at the centre of the world's financial markets for more than 200 years we can rely on an unrivalled global network of more than 3,800 talented employees and a track-record of outstanding execution with 50 offices around the world.Our integrated global network of trusted professionals and decision makers around the world provide in-depth market intelligence, meaning we can be closer to current issues than any other global financial institution in our core markets.It is this scale, local knowledge and intellectual capital that allow us to provide a distinct perspective and effective long-term solutions for our partners.
   Overview of Role
   The New York office focuses on Mergers & Acquisitions, Restructuring and Debt and Equity Capital Markets advisory work across a number of industries. It plays a critical role in helping the firm achieve its objective to be the most successful independent advisory investment bank in the world.
   
   Given the global nature of our firm and broad reach of our M&A practice, this role will involve working collaboratively with colleagues in the North American industry coverage teams and other colleagues globally on international / cross-border projects.
   
   Responsibilities
   Execute live deals in Industrial which may include sell-side M&A, buy-side M&A, spin-offs, split-offs/carve-outs, LBOs, Debt Advisory and Equity Advisory with significant cross-border emphasis Conduct extensive quantitative and qualitative economic, industry and company research and analysis Financial modelling, valuation, comparable and relative value analyses and market-specific analysis, including modelling three-statement integrated financial models and associated valuation outputs/sensitivities Spearhead analysis of broad range of corporate finance transactions for reviewing strategic alternatives, optimal capital structure, acquisitions, mergers and equity and debt capital market's events Draft client pitches and marketing materials including acquisitions, disposals, mergers, refinancing and equity capital market alternatives, as well as associated internal documentation through coordination with internal and external resources Attend client meetings, industry conferences, and external training sessions Adhere to all compliance regulations and confidentiality policies
   
   Education and Qualifications
   Bachelor's Degree in finance (or similar) from a leading academic institution3.5 GPA or above
   
   Experience, Skills and Competencies Required
   Prior experience within a top tier corporate finance adviser/investment bank in Industrial M&A preferred Exceptional analytical, quantitative and communication skills Experience analyzing financial statements and related data to assess historical financial performance and future outlook for client companies and prospects Strong financial modeling skills required; ability to build detailed, fully-integrated financial models and financial projections and analyze the impact of proposed transaction options on the capital structure and cash flows Well organized, detailed, and ability to work within tight time frames Team player, capable of working in cross-border deal teams

   Copy this example

   

5. Post your job

   There are a few common ways to find industrial analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your industrial analyst job on Zippia to find and recruit industrial analyst candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit industrial analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new industrial analyst

   Once you've selected the best industrial analyst candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new industrial 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.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire an industrial analyst?