A product analyst performs market research on new products and projects the costs. They later go on to launch strategies based on their analysis. Product analysts are responsible for coming up with marketing strategies for a product and monitoring its performance in the market.
Product analysts are essential when a company is releasing a new product or making changes to an existing one. A successful product analyst possesses written and verbal communication skills, analytical abilities, and are up-to-date on prevailing industry news. Product analysts work closely with other departments, such as marketing, finance, and IT, to execute their work efficiently.
Product analysts work 40 hours a week, from Monday to Friday. Their role is very demanding and it might require them to work late evenings and weekends occasionally.