How to hire a market data analyst

How to hire a market data analyst, step by step

Here's a step-by-step market data 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 data analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new market data analyst
• Step 8: Go through the hiring process checklist

What does a market data analyst do?

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1. Identify your hiring needs

   First, determine the employments status of the market data analyst you need to hire. Certain market data analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   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 data 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 data analyst that fits the bill.

   This list presents market data analyst salaries for various positions.

   Type of Market Data Analyst	Description	Hourly rate
   Market Data 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.	$23-48
   Analyst Sales	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... Show more	$22-47
   Performance Analyst	The duties of a performance analyst depend on one's place or industry employment. Typically, it is their responsibility to evaluate the performance of different systems within a company and review its financial history and activities... Show more	$27-49

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Data Analysis
   • Python
   • SQL
   • Tableau
   • Data Quality
   • VBA
   • Visualization
   • Securities
   • Market Research
   • Derivative
   • Market Data Products
   • Financial Analysis
   • ETL
   • Financial Products

   Check all skills

   Responsibilities:

   • Manage project team meetings using SharePoint calendars.
   • Perform daily data maintenance and data integrity of MBS securities pricing pages.
   • Gather and document business requirements for various asset types including equities, fix income, derivatives and mutual funds.
   • Research and answer internal user's questions regarding securities.
   • Participate as required in the development and testing of new equities databases.
   • Utilize databases, tables, and spreadsheets to extract/manipulate data through programming in FoxPro 6.0 and SQL.

   More market data analyst duties

3. Make a budget

   Including a salary range in the market data analyst job description is a good way to get more applicants. A market data analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

   For example, the average salary for a market data analyst in Nebraska may be lower than in New Jersey, and an entry-level engineer typically earns less than a senior-level market data analyst. Additionally, a market data analyst with lots of experience in the field may command a higher salary as a result.

   Average market data analyst salary

   $70,489yearly

   $33.89 hourly rate

   ---

   Entry-level market data analyst salary

   $49,000 yearly salary

   Updated December 8, 2025

   Average market data analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New Jersey	$97,336	$47
   2	Washington	$86,322	$42
   3	New York	$86,063	$41
   4	North Carolina	$83,606	$40
   5	Maryland	$82,414	$40
   6	California	$76,171	$37
   7	Massachusetts	$75,673	$36
   8	Pennsylvania	$74,029	$36
   9	Ohio	$71,877	$35
   10	Connecticut	$70,601	$34
   11	Illinois	$69,734	$34
   12	Texas	$68,906	$33
   13	Arizona	$67,137	$32
   14	Michigan	$63,749	$31
   15	Missouri	$63,401	$30
   16	Oklahoma	$62,840	$30
   17	Georgia	$60,023	$29
   18	Indiana	$59,449	$29
   19	Florida	$57,662	$28
   20	Nebraska	$56,240	$27

   Average market data analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Apple	$117,863	$56.66	82
   2	Pacific Investment Management Company LLC	$116,934	$56.22	15
   3	BNY Mellon	$107,571	$51.72	13
   4	AllianceBernstein	$105,923	$50.92	4
   5	Invesco	$105,493	$50.72	9
   6	Bloomberg	$103,921	$49.96	59
   7	Citi	$103,722	$49.87	40
   8	Nomura Securities	$99,426	$47.80	14
   9	JPMorgan Chase & Co.	$97,612	$46.93	294
   10	Stripe	$96,470	$46.38	12
   11	New Relic	$95,237	$45.79	7
   12	Tradeweb	$93,061	$44.74	4
   13	Western Asset Management	$91,367	$43.93	1
   14	CTC	$90,404	$43.46	4
   15	Course Hero	$89,459	$43.01
   16	Blackstone Group	$86,167	$41.43
   17	MPG	$85,886	$41.29
   18	Northern Trust	$85,744	$41.22	8
   19	Red Hat	$85,408	$41.06	2
   20	Nuance Communications	$83,638	$40.21

4. Writing a market data analyst job description

   A job description for a market data analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a market data analyst job description:

   Market data analyst job description example

   Position Qualification Requirements: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The following requirements are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
   
   Core Competencies
   • Ability to speak and enunciate well
   • Strong verbal and written communication skills
   • Interact with others in a positive and courteous manner
   • Maintain a professional demeanor
   • Mange normal course of business rejection and stress
   • Accept constructive criticism and coaching
   • Organized, on task and works with minimal supervision
   • Present a positive image of Heritage-Crystal Clean to fellow employees, customers and the general public
   
   Work Experience
   • 1 year Business to Business phone sales or Customer service experience
   • 6 months as an Oil Data Marketer preferred
   • Previous sales experience is highly desirable
   
   Education, Certificates, Licenses, or Designations
   • High school diploma or its equivalent
   • Associates Degree is highly desirable
   
   Specific Skills
   • Basic knowledge of Goldmine, Outlook, Excel and Word
   • Standard Phone systems and copier
   
   

   Must be willing to undergo a background check in accordance with local laws and regulations.

   All applicants must pass the pre-employment physical including drug & alcohol screening

   HCC expressly values diversity, equity, and inclusion, and encourages the applications of individuals from diverse backgrounds, so that HCC reflects the communities and customers that we serve.

   Heritage Crystal Clean LLC is an Equal Opportunity Employer. We strongly encourage women, minorities, individuals with disabilities and veterans to apply.

   Copy this example

   

5. Post your job

   There are a few common ways to find market data analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your market data analyst job on Zippia to find and recruit market data analyst candidates who meet your exact specifications.
   • Use field-specific websites such as swipe files, exit five, marketinghire, american marketing association.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with market data analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 data analyst

   Once you've selected the best market data analyst candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new market data analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

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 data analyst?