A Market Analyst is a marketing expert who collects and analyses data concerning market conditions and trends, competitors, suppliers, and consumer behavior, with the intent of using the results to create viable marketing strategies meant to promote the company and avoid risky situations altogether.
They act as advisors to marketing and sales heads and managers and should be able to use their insightful skills to understand the current market and predict future market trends. A good Analyst has a vast knowledge of modern marketing and sales but also of statistics and mathematics and should always try to keep abreast with the advancements and research within the industries they work in.
A candidate for this position generally needs to have a Bachelor's degree in a subject such as Statistics, Data or Social Sciences, or Marketing, and past experience in a marketing position. They should also have proficiency with certain analytical platforms and software and general computer and social media literacy. A Market Analyst, on average, earns $27.16 an hour, amounting to $56,495 a year.
How to Become a Market Analyst
What is a Market Analyst
There is more than meets the eye when it comes to being a Market Analyst. For example, did you know that they make an average of $27.34 an hour? That's $56,868 a year!
Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.
What Does a Market Analyst Do
There are certain skills that many Market 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 Analytical skills, Communication skills and Detail oriented.
How To Become a Market Analyst
If you're interested in becoming a Market Analyst, one of the first things to consider is how much education you need. We've determined that 76.6% of Market Analysts have a bachelor's degree. In terms of higher education levels, we found that 16.5% of Market Analysts have master's degrees. Even though most Market 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 a Market Analyst. When we researched the most common majors for a Market Analyst, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Market Analyst resumes include Associate Degree degrees or Doctoral Degree degrees.
You may find that experience in other jobs will help you become a Market Analyst. In fact, many Market Analyst jobs require experience in a role such as Internship. Meanwhile, many Market Analysts also have previous career experience in roles such as Research Assistant or Finance Analyst.
What is the right job for my career path?
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And if you’re looking for a job, here are the five top employers hiring now:
Market Analyst Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a Market Analyst can determine their career goals through the career progression. For example, they could start out with a role such as Analyst, progress to a title such as Manager and then eventually end up with the title Senior Manager Of Marketing.
Market Analyst Jobs You Might Like
What is the right job for my career path?
Tell us your goals and we'll match you with the rights job to get there.
Average Salary for a Market Analyst
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12 Market Analyst Resume Examples
Build a professional market analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 12+ resume templates to create your market analyst resume.
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Noah Long Market Analyst |
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Emma Brown Market Analyst Experience Market Analyst2019 - Present Houghton Mifflin Harcourt•Lake Buena Vista, FL
Market Research Internship2018 - 2019 Amedisys•Lake Buena Vista, FL
Marketing Internship2017 - 2018 The Walt Disney Company•Lake Buena Vista, FL
Skills InternetMarket ResearchSharepointMarket ConditionsCommunicationCommunity OutreachRCompany WebsiteResearch ProjectsBusiness Development Education Bachelor's Degree Finance2014 - 2017 Florida State University•Tallahassee, FL |
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Learn How To Write a Market Analyst Resume
At Zippia, we went through countless Market Analyst resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.
View Market Analyst Resume Examples And TemplatesAnd if you’re looking for a job, here are the five top employers hiring now:
Choose From 10+ Customizable Market Analyst Resume templates
Zippia allows you to choose from different easy-to-use Market Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Market Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Find the best Market Analyst job for you
Market Analyst Jobs You Might Like
- High Paying Market Analyst Jobs - $83K and Up
- Work From Home Market Analyst Jobs
- Entry Level Market Analyst Jobs
- Part Time Market Analyst Jobs
- Actively Hiring
- No Degree Market Analyst Jobs
Top Colleges for Market Analysts
1. University of Georgia
Athens, GA • Private
2. University of Pennsylvania
Philadelphia, PA • Private
3. University of Wisconsin - Madison
Madison, WI • Private
4. Northwestern University
Evanston, IL • Private
5. University of Maryland - College Park
College Park, MD • Private
6. University of Minnesota - Twin Cities
Minneapolis, MN • Private
7. Ball State University
Muncie, IN • Private
8. Purdue University
West Lafayette, IN • Private
9. Howard University
Washington, DC • Private
10. Texas State University
San Marcos, TX • Private
Find the best Market Analyst job for you
Market Analyst Jobs You Might Like
- High Paying Market Analyst Jobs - $83K and Up
- Work From Home Market Analyst Jobs
- Entry Level Market Analyst Jobs
- Part Time Market Analyst Jobs
- Actively Hiring
- No Degree Market Analyst Jobs
Online Courses For Market Analyst That You May Like
Learn to calculate market segments, use pricing techniques, and forecast sales with Excel for better marketing strategy...
Marketing Strategy, Product Marketing, Product Marketing Manager, Product Management, Product Manager, Marketing Plan...
Product Marketing Strategy: Marketing New Product: Product to Market: Product Promotion: New Product Launch Strategy...
Top Skills For a Market 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, 15.2% of Market Analysts listed Market Research on their resume, but soft skills such as Analytical skills and Communication skills are important as well.
Best States For a Market Analyst
Some places are better than others when it comes to starting a career as a Market Analyst. The best states for people in this position are Washington, Delaware, New York, and New Jersey. Market Analysts make the most in Washington with an average salary of $89,501. Whereas in Delaware and New York, they would average $79,157 and $78,427, respectively. While Market Analysts would only make an average of $77,475 in New Jersey, 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. Delaware
$79,157
Avg. Salary
2. New York
$78,427
Avg. Salary
3. Washington
$89,501
Avg. Salary
How Do Market Analyst Rate Their Jobs?
Top Market Analyst Employers
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Market Analysts and discovered their number of Market Analyst opportunities and average salary. Through our research, we concluded that Citigroup was the best, especially with an average salary of $94,130. Thomson Reuters follows up with an average salary of $65,738, and then comes Xceligent with an average of $61,166. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Market Analyst. The employers include HSBC North America Holdings, Varian Medical Systems, and Cigna