A market analyst is responsible for examining relevant information that will aid the organization to make informed decisions on market strategy. You will be responsible for assessing consumer preferences that will help the company decide how to advertise and market their products. Other typical duties that you will perform may include devising and evaluating methods for gathering data such as opinion polls, surveys, and questionnaires, interpreting the data and organizing this into statistical reports and tables, and creating visuals of industry trends.

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Market Analyst Responsibilities

Here are examples of responsibilities from real market analyst resumes representing typical tasks they are likely to perform in their roles.

  • 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.
  • Test the foreign, domestic, and NASDAQ data feeds on both Solaris and Linux environments.
  • Facilitate timely updates like creating new VBA parsers in accordance with exchange changes such as NYMEX to CME.
  • Use ETL tools to streamline carrier vendor codes, destinations codes, and various calling records for concise reports.
  • Assist with the QA testing of SRLabs feed handlers as well as their stepwise migration to Ronin-Capital's production environment.
  • Generate and analyze usage base out-of-region reports on Reuters terminals across all divisions that reduce costs by over $400K.
  • Facilitate automation of the addition of strikes by building VBA macros and spreadsheets with embed logic functions to identify erroneous strikes.
  • Compile and categorize data from customer feedback and present action items to leadership via PowerPoint.
  • Develop employee communications including open enrollment materials, PowerPoint presentations, and employee bulletins and newsletters.
  • Contribute forecasting model and market forecast utilizing SAS, collecting cost related information, providing data to internal customers.

Market Analyst Job Description

When it comes to understanding what a market analyst does, you may be wondering, "should I become a market analyst?" The data included in this section may help you decide. Compared to other jobs, market analysts have a growth rate described as "much faster than average" at 20% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of market analyst opportunities that are predicted to open up by 2028 is 139,200.

Market analysts average about $29.62 an hour, which makes the market analyst annual salary $61,606. Additionally, market analysts are known to earn anywhere from $41,000 to $90,000 a year. This means that the top-earning market analysts make $45,000 more than the lowest earning ones.

Once you've become a market analyst, you may be curious about what other opportunities are out there. Careers aren't one size fits all. For that reason, we discovered some other jobs that you may find appealing. Some jobs you might find interesting include an analyst internship, market research internship, analyst sales, and data analyst internship.

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12 Market Analyst Resume Examples

Market Analyst Skills and Personality Traits

We calculated that 7% of Market Analysts are proficient in Analytics, Market Research, and Provide Management. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.

We break down the percentage of Market Analysts that have these skills listed on their resume here:

  • Analytics, 7%

    Designed and implemented reporting and analytics used by Marketing and top Management to analyze the business used to support business decisions.

  • Market Research, 6%

    Completed extensive horizontal and vertical market research to develop market entrance strategies for LANL technologies while simultaneously evaluating competitor technologies.

  • Provide Management, 6%

    Conduct in-depth research on relevant technological issues, provide management with strategic recommendations to best meet client goals.

  • PowerPoint, 5%

    Compiled and categorized data from customer feedback and presented action items to leadership via PowerPoint.

  • Data Analysis, 5%

    Provided relevant and timely data analysis regarding pricing, sampling, and historical sales to market managers for strategic decision-making.

  • Macro, 5%

    Completed macro economy environment research and analysis in Europe, China and USA.

Choose From 10+ Customizable Market Analyst Resume templates

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Most market analysts list "analytics," "market research," and "provide management" as skills on their resumes. We go into more details on the most important market analyst responsibilities here:

  • Arguably the most important personality trait for a market analyst to have happens to be analytical skills. An example from a resume said this about the skill, "market research analysts must be able to understand large amounts of data and information." Additionally, other resumes have pointed out that market analysts can use analytical skills to "created vba interface in access for oracle database to be used by nontechnical communications production team. "
  • Another trait important for fulfilling market analyst duties is communication skills. According to a market analyst resume, "market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients." Here's an example of how market analysts are able to utilize communication skills: "maintained communications and contacts to collect and analyze technical, financial, schedule, and sales information for product line. "
  • Detail oriented is also an important skill for market analysts to have. This example of how market analysts use this skill comes from a market analyst resume, "market research analysts must be detail oriented because they often do precise data analysis." Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "designed and wrote quarterly market updates for customers worldwide including detailed market analysis and recommended purchasing strategies. "
  • See the full list of market analyst skills.

    After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming a market analyst. We found that 76.6% of market analysts have graduated with a bachelor's degree and 16.5% of people in this position have earned their master's degrees. While most market analysts have a college degree, you may find it's also true that generally it's impossible to be successful in this career with only a high school degree. In fact, our research shows that one out of every nine market analysts were not college graduates.

    Those market analysts who do attend college, typically earn either business degrees or finance degrees. Less commonly earned degrees for market analysts include economics degrees or marketing degrees.

    When you're ready to become a market analyst, you might wonder which companies hire market analysts. According to our research through market analyst resumes, market analysts are mostly hired by Regions Bank, The Independent Traveler, and Black & Veatch. Now is a good time to apply as Regions Bank has 55 market analysts job openings, and there are 52 at The Independent Traveler and 50 at Black & Veatch.

    If you're interested in companies where market analysts make the most money, you'll want to apply for positions at Intuitive Surgical, Applied Materials, and Apple. We found that at Intuitive Surgical, the average market analyst salary is $108,896. Whereas at Applied Materials, market analysts earn roughly $104,709. And at Apple, they make an average salary of $103,474.

    View more details on market analyst salaries across the United States.

    If you earned a degree from the top 100 educational institutions in the United States, you might want to take a look at CoStar Group, JPMorgan Chase & Co., and Wells Fargo. These three companies have hired a significant number of market analysts from these institutions.

    In general, market analysts fulfill roles in the finance and construction industries. While employment numbers are high in those industries, the market analyst annual salary is the highest in the finance industry with $72,619 as the average salary. Meanwhile, the technology and manufacturing industries pay $68,834 and $67,333 respectively. This means that market analysts who are employed in the finance industry make 18.4% more than market analysts who work in the transportation Industry.

    The three companies that hire the most prestigious market analysts are:

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    What Analyst Internships Do

    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. They conduct research and analysis to support business operations and resolve issues using systems and data. They also help estimate the costs and benefits of multiple business actions and help the business organization launch new initiatives.

    In this section, we compare the average market analyst annual salary with that of an analyst internship. Typically, analyst interns earn a $23,037 lower salary than market analysts earn annually.

    Even though market analysts and analyst interns have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require market research, data analysis, and strong analytical in the day-to-day roles.

    These skill sets are where the common ground ends though. A market analyst responsibility is more likely to require skills like "analytics," "provide management," "powerpoint," and "macro." Whereas a analyst internship requires skills like "management system," "python," "data entry," and "c++." Just by understanding these different skills you can see how different these careers are.

    Analyst interns really shine in the professional industry with an average salary of $41,723. Whereas market analysts tend to make the most money in the finance industry with an average salary of $72,619.

    The education levels that analyst interns earn is a bit different than that of market analysts. In particular, analyst interns are 0.4% more likely to graduate with a Master's Degree than a market analyst. Additionally, they're 0.0% more likely to earn a Doctoral Degree.

    What Are The Duties Of a 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. A Market Research Intern must have excellent communication and analytical skills, especially in collecting accurate data and interpreting results.

    Now we're going to look at the market research internship profession. On average, market research interns earn a $25,686 lower salary than market analysts a year.

    A similarity between the two careers of market analysts and market research interns are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "market research," "powerpoint," and "data analysis. "

    But both careers also use different skills, according to real market analyst resumes. While market analyst responsibilities can utilize skills like "analytics," "provide management," "macro," and "capital markets," some market research interns use skills like "research projects," "primary research," "linkedin," and "twitter."

    On the topic of education, market research interns earn similar levels of education than market analysts. In general, they're 2.1% less likely to graduate with a Master's Degree and 0.0% less likely to earn a Doctoral Degree.

    How an Analyst Sales Compares

    Analyst sales, or a sales analyst, is a professional who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses. They develop and provide market intelligence data solutions for the sales team to maximize territory sales efforts. Sales analysts must also maintain a business relationship with key account top management to deliver outstanding customer service and assistance.

    The third profession we take a look at is analyst sales. On an average scale, these workers bring in higher salaries than market analysts. In fact, they make a $7,487 higher salary per year.

    While looking through the resumes of several market analysts and analyst sales we discovered that both professions have similar skills. These similarities include skills such as "market research," "data analysis," and "strong analytical," but they differ when it comes to other required skills.

    As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from market analysts resumes, they are more likely to have skills like "analytics," "provide management," "powerpoint," and "macro." But a analyst sales might have skills like "customer service," "crm," "sales data," and "pos."

    Interestingly enough, analyst sales earn the most pay in the finance industry, where they command an average salary of $80,458. As mentioned previously, market analysts highest annual salary comes from the finance industry with an average salary of $72,619.

    When it comes to education, analyst sales tend to earn lower education levels than market analysts. In fact, they're 5.7% less likely to earn a Master's Degree, and 0.6% less likely to graduate with a Doctoral Degree.

    Description Of a Data Analyst Internship

    A data analyst internship involves a trainee who wants to gain working experience in the field of information technology (IT) by assisting data analyst professionals. Data analyst interns should examine information using data analysis tools so that they can help their employers make important decisions by identifying various facts and trends. They write reports and present them to the management to provide new insights about new trends and areas for improvement. Data analyst interns can find work in areas such as banks, specialist software development companies, and consultancies.

    Now, we'll look at data analyst interns, who generally average a lower pay when compared to market analysts annual salary. In fact, the difference is about $22,854 per year.

    While their salaries may vary, market analysts and data analyst interns both use similar skills to perform their jobs. Resumes from both professions include skills like "market research," "data analysis," and "analyze data. "

    Even though a few skill sets overlap, there are some differences that are important to note. For one, a market analyst might have more use for skills like "analytics," "provide management," "powerpoint," and "macro." Meanwhile, some data analyst interns might include skills like "java," "python," "power bi," and "data analytics" on their resume.

    Now, let's take a closer look at the financials in each career. The technology industry tends to pay more for data analyst interns with an average of $47,252. While the highest market analyst annual salary comes from the finance industry.

    Data analyst interns reach higher levels of education when compared to market analysts. The difference is that they're 6.3% more likely to earn a Master's Degree more, and 0.2% less likely to graduate with a Doctoral Degree.