How to hire a market analyst

How to hire a market analyst, step by step

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

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

What does a market analyst do?

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1. Identify your hiring needs

   Before you start hiring a market analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

   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 a market 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 a market analyst that fits the bill.

   The following list breaks down different types of market analysts and their corresponding salaries.

   Type of Market Analyst	Description	Hourly rate
   Market Analyst	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.	$19-43
   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
   Market Research Internship	A Market Research Intern is responsible for conducting data and statistical analysis to evaluate market performance and identify opportunities to generate profits. Market Research Interns perform administrative duties under the supervision of a market research manager, such as writing and filing reports, organizing documents, researching trends, and designing participant surveys... Show more	$12-23

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Analytics
   • Market Research
   • Provide Management
   • PowerPoint
   • Data Analysis
   • Macro
   • Capital Markets
   • Strong Analytical
   • Real Estate
   • Market Analysis
   • Market Trends
   • Financial Analysis
   • SQL
   • Analyze Data

   Check all skills

   Responsibilities:

   • Manage walk-in and appointment GIS requests.
   • Manage project team meetings using SharePoint calendars.
   • Conduct valuation of commercial loan portfolios for various financial institutions with VBA, SQL and DataRaptor.
   • Improve automation reports in Excel/VBA and Bloomberg API.
   • Focus, SAS and SQL are the primary languages used for data extraction.
   • Report exchange data usage to various vendors and exchange groups utilizing Reuters DACS.

   More market analyst duties

3. Make a budget

   Including a salary range in your market analyst job description helps attract top candidates to the position. A market 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 a market analyst in Wyoming may be lower than in Delaware, and an entry-level market analyst usually earns less than a senior-level market analyst. Additionally, a market 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 market analyst salary

   $61,606yearly

   $29.62 hourly rate

   ---

   Entry-level market analyst salary

   $41,000 yearly salary

   Updated January 22, 2026

   Average market analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	Washington	$75,491	$36
   2	New York	$73,459	$35
   3	New Jersey	$73,173	$35
   4	Minnesota	$70,473	$34
   5	Connecticut	$68,511	$33
   6	Virginia	$67,930	$33
   7	Iowa	$65,762	$32
   8	District of Columbia	$64,692	$31
   9	Colorado	$63,448	$31
   10	Massachusetts	$62,861	$30
   11	Ohio	$61,583	$30
   12	Pennsylvania	$61,379	$30
   13	California	$60,478	$29
   14	Indiana	$60,312	$29
   15	Illinois	$60,285	$29
   16	North Carolina	$55,112	$27
   17	Michigan	$55,048	$26
   18	Texas	$53,927	$26
   19	Georgia	$53,853	$26
   20	Utah	$51,475	$25

   Average market analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Intuitive Surgical	$108,896	$52.35
   2	Applied Materials	$104,709	$50.34	10
   3	Apple	$103,474	$49.75	6
   4	BP America Inc	$103,136	$49.58	2
   5	Deutsche Bank	$102,751	$49.40	11
   6	ING Financial Holdings Corporation	$102,601	$49.33
   7	American Century Investments	$102,290	$49.18	4
   8	JPMorgan Chase & Co.	$99,748	$47.96	163
   9	Starwood Capital Group	$99,630	$47.90
   10	Stocktwits	$99,473	$47.82
   11	FUJIFILM Diosynth Biotechnologies	$99,383	$47.78
   12	MUFG EMEA	$99,243	$47.71
   13	Sumitomo Mitsui Financial Group	$98,519	$47.36
   14	Cisco	$98,289	$47.25	3
   15	Tenaska	$97,632	$46.94	1
   16	Goldman Sachs	$97,290	$46.77	25
   17	Citicorp North America, Inc	$95,717	$46.02
   18	American Express	$95,336	$45.83	31
   19	Slalom	$93,692	$45.04	1
   20	Marcus & Millichap	$93,102	$44.76

4. Writing a market analyst job description

   A market analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a market analyst job description:

   Market analyst job description example

   Are you looking to accelerate your career without having to hide your authentic self - a place where you can be you? A career that's making a bigger impact on the world? At OneDigital, we are on a mission to help people do their best work and live their best lives. From the services we offer to the way we show up for each other each day, we are fueling dreams, achieving big goals, and embracing each other's truest selves.
   
   We understand that pursuing a new job is a big deal. Maybe you're afraid you won't fit in. Well, here's the good news. For us, the days of "fit in to get in" are over and being different is not a barrier to getting ahead. Greatness comes in all shapes, sizes, colors, and experience levels. If you are looking for a people-first culture that is wired for growth, driven to serve, and totally committed to having your back, give us a shot. Your best life awaits.
   Our Newest Opportunity:
   
   The Market Analyst supports all aspects of marketing and financial analysis related to clients' group benefit programs. The Market Analyst works closely and collaboratively with Account Manager(s) and Benefits Consultant(s) to produce benefit and financial illustrations that allows clients to properly evaluate their benefit plans.
   
   Responsib ilities:
   Creates detailed reports and presentations of marketing information Prepares accurate market exhibits for proposal responses, quarterly and annual client meetings Fully completes the Request for Proposal (RFP) process Assists the Account Manager with carrier negotiation process Works with the Account Manager to review client utilization reports and identifies opportunities for plan design and product changes, based upon utilization patterns Develops and maintains strong working relationships with carrier partners Maintains accurate, current, organized and complete market information in internal databases Assists team and clients as necessary with special projects
   
   Requirements:
   Ability to analyze data and recognize analytical patterns Strong verbal and written communication skills Ability to effectively handle multiple and changing client priorities and deadlines Ability to effectively present data Excellent interpersonal skills Ability to thrive in a fast paced environment
   
   Experience:
   Bachelor's degree, required; Business, Finance, Math, Accounting or related field, preferred Proficient in all Microsoft Office products, required Intermediate to advanced proficiency in Microsoft Excel, required; Experience in the healthcare industry working for a group insurance carrier, broker or consultant, preferred Knowledge of group insurance including medical, dental, CDHP, pharmacy, life and disability products, preferred Experience with database applications, a plus.
   
   Thank you for your interest in joining the OneDigital team!

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right market analyst for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   To find market analyst candidates, you can consider the following options:

   • Post your job opening on Zippia or other job search websites.
   • Use niche websites that focus on engineering and technology jobs, such as swipe files, exit five, marketinghire, american marketing association.
   • Post your job on free job posting websites.

6. Interview candidates

   During your first interview to recruit market analysts, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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 market analyst

   Once you've decided on a perfect market analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   To prepare for the new market analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

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 a market analyst?