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Become A Market Analyst Internship

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Working As A Market Analyst Internship

  • 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

  • $67,396

    Average Salary

What Does A Market Analyst Internship 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 Market Analyst Internship

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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Market Analyst Internship Jobs

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Market Analyst Internship Career Paths

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Market Analyst Internship Demographics

Gender

Male

50.8%

Female

37.7%

Unknown

11.6%
Ethnicity

White

47.7%

Asian

28.5%

Hispanic or Latino

11.2%

Black or African American

9.1%

Unknown

3.6%
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Foreign Languages Spoken

Spanish

26.6%

Mandarin

15.2%

Chinese

14.3%

French

11.7%

Cantonese

4.6%

German

4.3%

Japanese

4.3%

Russian

3.7%

Portuguese

2.9%

Italian

2.6%

Arabic

2.6%

Hindi

1.4%

Korean

1.4%

Hebrew

1.1%

Vietnamese

0.6%

Dutch

0.6%

Tagalog

0.6%

Urdu

0.6%

Polish

0.6%

Swahili

0.3%
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Market Analyst Internship Education

Schools

Cornell University

9.0%

University of Southern California

8.2%

Boston University

7.1%

New York University

6.0%

Johns Hopkins University

6.0%

Fordham University

5.6%

George Washington University

5.2%

Carnegie Mellon University

5.2%

Pennsylvania State University

4.9%

Columbia University

4.5%

Northeastern University

4.5%

Marquette University

4.1%

Georgia Institute of Technology -

4.1%

Bentley University

3.7%

University of Wisconsin - Madison

3.7%

DePaul University

3.7%

University of Illinois at Urbana-Champaign

3.7%

University of Miami

3.7%

Syracuse University

3.4%

Brigham Young University

3.4%
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Majors

Business

21.6%

Finance

17.9%

Marketing

14.6%

Economics

11.1%

Management

4.8%

Accounting

3.8%

Communication

3.3%

Political Science

2.3%

Mathematics

2.3%

Management Science

2.1%

Statistics

2.0%

Business Economics

1.8%

International Business

1.7%

Environmental Science

1.6%

Specialized Sales And Merchandising

1.6%

Law

1.6%

Computer Science

1.5%

Psychology

1.5%

Applied Mathematics

1.4%

Public Relations

1.3%
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Degrees

Bachelors

52.7%

Masters

35.3%

Other

7.3%

Doctorate

2.5%

Certificate

1.3%

Associate

0.7%

License

0.1%
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Top Skills for A Market Analyst Internship

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  1. Financial Statements
  2. Company Database
  3. Equity
You can check out examples of real life uses of top skills on resumes here:
  • Used financial statements to model past performance and future predictions.
  • Utilized proficient knowledge of company database to integrate and assimilate databases of acquired companies.
  • Maintained comparative analysis spreadsheets used for solar industry equity research reports.
  • Learned strong programming skills, data analysis techniques and financial risk measurements during this period.
  • Conducted financial and market analysis on over 5 suppliers to influence senior leadership's strategic decisions on supplier utilization.

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Top Market Analyst Internship Employers

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