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The differences between market analyst interns and product analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a market analyst internship, becoming a product analyst takes usually requires 2-4 years. Additionally, a product analyst has an average salary of $79,316, which is higher than the $63,476 average annual salary of a market analyst internship.
The top three skills for a market analyst internship include powerpoint, data analysis and data entry. The most important skills for a product analyst are tableau, data analysis, and product management.
| Market Analyst Internship | Product Analyst | |
| Yearly salary | $63,476 | $79,316 |
| Hourly rate | $30.52 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 73,684 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 73% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
When it comes to a marketing analyst internship, an intern primarily follows a senior or a more experienced officer's directives. Most of their tasks will revolve around processing paperwork, maintaining records and databases, participating in research and analyses, and assisting senior analysts in various projects. There are also instances where they can attend meetings, participate in social media handling, and even share marketing insights. Furthermore, as an intern, it is essential to learn and adhere to the company's policies and regulations.
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
Market analyst interns and product analysts have different pay scales, as shown below.
| Market Analyst Internship | Product Analyst | |
| Average salary | $63,476 | $79,316 |
| Salary range | Between $39,000 And $101,000 | Between $56,000 And $111,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Washington |
| Best paying company | - | Meta |
| Best paying industry | - | Technology |
There are a few differences between a market analyst internship and a product analyst in terms of educational background:
| Market Analyst Internship | Product Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between market analyst interns' and product analysts' demographics:
| Market Analyst Internship | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 56.6% Female, 43.4% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.2% White, 64.9% American Indian and Alaska Native, 0.1% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |