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The primary duty of a market analyst is to analyze relevant information to help their company make informed market strategy decisions. Examples of information they analyze include customer preferences, market conditions, industry trends, and current business strategies, among others.
Apart from their main duty, market analysts are also typically responsible for suggesting strategies to the marketing, product development, and sales teams to achieve certain goals, such as boosting revenue, improving brand reputation, and increasing customer loyalty. They also conduct forecasting based on current market trends to help their company prepare for future demands.
The typical requirement for this role is a business-related degree, such as business, finance, and marketing, just to name a few. Moreover, employers look for candidates with industry experience and exemplary analysis skills when hiring for a market analyst, as well as a good understanding of math, statistics, and data analysis tools.
In terms of compensation, a market analyst makes $51,000 per year on average. Some even make as much as $78,000, especially those who work in the highest-paying states like New York, Alaska, and Connecticut.
Avg. Salary $63,476
Avg. Salary $59,228
Growth Rate 19%
Growth Rate 0.3%
American Indian and Alaska Native 0.13%
Asian 14.16%
Black or African American 4.72%
Hispanic or Latino 11.21%
Unknown 4.88%
White 64.89%
Genderfemale 43.42%
male 56.58%
Age - 34American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 34Stress level is manageable
7.1 - high
Complexity Level is challenging
7 - challenging
Work Life balance is fair
6.4 - fair
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Skills | Percentages |
---|---|
PowerPoint | 10.95% |
Data Analysis | 6.38% |
Data Entry | 5.18% |
Financial Models | 4.68% |
Capital Markets | 4.55% |
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Now it's time to start searching for a market analyst internship job. Consider the tips below for a successful job search:
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The average Market Analyst Internship salary in the United States is $63,476 per year or $31 per hour. Market analyst internship salaries range between $39,000 and $101,000 per year.
What Am I Worth?
I don't like how much I have to stare at a computer. But, that's the world we live in now - ruled by Digital Media!
Lots of sitting.