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Become A Product Analyst

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Working As A Product Analyst

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Analyzing Data or Information
  • Organizing, Planning, and Prioritizing Work
  • Deal with People

  • Mostly Sitting

  • $82,900

    Average Salary

What Does A Product Analyst Do

Management analysts, often called management consultants, propose ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Duties

Management analysts typically do the following:

  • Gather and organize information about the problem to be solved or the procedure to be improved
  • Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed
  • Analyze financial and other data, including revenue, expenditure, and employment reports
  • Develop solutions or alternative practices
  • Recommend new systems, procedures, or organizational changes
  • Make recommendations to management through presentations or written reports
  • Confer with managers to ensure changes are working

Although some management analysts work for the organization that they analyze, most work as consultants on a contractual basis. 

Whether they are self-employed or part of a large consulting company, the work of a management analyst may vary from project to project. Some projects require a team of consultants, each specializing in one area. In other projects, consultants work independently with the client organization’s managers.

Management analysts often specialize in certain areas, such as inventory management or reorganizing corporate structures to eliminate duplicate and nonessential jobs. Some consultants specialize in a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency.

Organizations hire consultants to develop strategies for entering and remaining competitive in today’s marketplace.

Management analysts who work on contract may write proposals and bid for jobs. Typically, an organization that needs the help of a management analyst solicits proposals from a number of consultants and consulting companies that specialize in the needed work. Those who want the work must then submit a proposal by the deadline that explains how the consultant will do the work, who will do the work, why they are the best consultants to do the work, what the schedule will be, and how much it will cost. The organization that needs the consultants then selects the proposal that best meets its needs and budget.

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How To Become A Product Analyst

Most management analysts have at least a bachelor’s degree. The Certified Management Consultant (CMC) designation may improve job prospects.

Education

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).

Few colleges and universities offer formal programs in management consulting. However, many fields of study provide a suitable education because of the range of areas that management analysts address. Common fields of study include business, management, economics, political science and government, accounting, finance, marketing, psychology, computer and information science, and English.

Analysts also routinely attend conferences to stay up to date on current developments in their field.

Licenses, Certifications, and Registrations

The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience, submit client reviews, and pass an interview and exam covering the IMC USA’s code of ethics. Management consultants with a CMC designation must be recertified every 3 years. Management analysts are not required to get certification, but it may give jobseekers a competitive advantage.

Work Experience in a Related Occupation

Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. Typical work backgrounds include experience in management, human resources, and information technology. 

Advancement

As consultants gain experience, they often take on more responsibility. At the senior level, consultants may supervise teams working on more complex projects and become more involved in seeking out new business. Those with exceptional skills may eventually become partners in their consulting organization and focus on attracting new clients and bringing in revenue. Senior consultants who leave their consulting company often move to senior management positions at nonconsulting organizations.

Important Qualities

Analytical skills. Management analysts must be able to interpret a wide range of information and use their findings to make proposals.

Communication skills. Management analysts must be able to communicate clearly and precisely in both writing and speaking. Successful analysts also need good listening skills to understand the organization’s problems and propose appropriate solutions.

Interpersonal skills. Management analysts must work with managers and other employees of the organizations where they provide consulting services. They should work as a team toward achieving the organization’s goals. 

Problem-solving skills. Management analysts must be able to think creatively to solve clients’ problems. Although some aspects of different clients’ problems may be similar, each situation is likely to present unique challenges for the analyst to solve.

Time-management skills. Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time.

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Do you work as a Product Analyst?

Product Analyst Jobs

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Product Analyst Career Paths

Product Analyst
Product Specialist Business Analyst Senior Programmer Analyst
Application Manager
9 Yearsyrs
Program Manager Consultant Information Technology Project Manager
Business Program Manager
10 Yearsyrs
Operations Manager Senior Consultant Solutions Architect
Customer Relationship Management Manager
8 Yearsyrs
Senior Product Manager Senior Manager
Director Of Analytics
13 Yearsyrs
Operations Manager Business Consultant Business Intelligence Manager
Director Of Intelligence
12 Yearsyrs
Senior Business Analyst Project Manager Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Product Specialist Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Assistant Product Manager Product Development Manager Quality Manager
Process Improvement Manager
10 Yearsyrs
Senior Business Analyst Product Manager
Product Director
11 Yearsyrs
Product Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Project Manager Program Manager Product Manager
Product Marketing Manager
7 Yearsyrs
Finance Analyst Business Analyst
Product Owner
9 Yearsyrs
Program Manager Contractor/Consultant Senior Analyst
Research Manager
6 Yearsyrs
Project Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Management Analyst Contracts Specialist Subcontracts Manager
Senior Managed
7 Yearsyrs
Product Manager Marketing Manager
Senior Manager Of Marketing
9 Yearsyrs
Senior Product Analyst Product Manager Director Of Product Development
Vice President Product Development
13 Yearsyrs
Finance Analyst Assistant Vice President
Vice President, Technology
11 Yearsyrs
Senior Product Manager Product Management Director
Vice President-Products
13 Yearsyrs
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Do you work as a Product Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Staff Analyst 3.8 years
Project Analyst 3.0 years
Pricing Analyst 2.6 years
Product Specialist 2.5 years
Analyst 2.4 years
Associate Analyst 2.4 years
Market Analyst 2.1 years
Product Analyst 2.0 years
Assistant Analyst 1.9 years
Analyst Internship 0.5 years
Top Employers Before
Internship 9.7%
Analyst 7.5%
Consultant 3.8%
Top Employers After
Consultant 5.3%
Analyst 4.0%
Manager 3.3%

Do you work as a Product Analyst?

Product Analyst Demographics

Gender

Male

50.2%

Female

46.4%

Unknown

3.4%
Ethnicity

White

56.7%

Asian

15.0%

Hispanic or Latino

14.2%

Black or African American

10.3%

Unknown

3.8%
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Foreign Languages Spoken

Spanish

37.5%

French

9.4%

Mandarin

7.0%

Korean

7.0%

Chinese

7.0%

German

6.3%

Italian

5.5%

Hindi

3.1%

Cantonese

2.3%

Carrier

2.3%

Portuguese

2.3%

Russian

1.6%

Greek

1.6%

Polish

1.6%

Arabic

1.6%

Swedish

0.8%

Telugu

0.8%

Vietnamese

0.8%

Gujarati

0.8%

Sindhi

0.8%
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Product Analyst Education

Schools

University of Phoenix

16.0%

DePaul University

6.2%

University of Texas at Austin

6.2%

Pennsylvania State University

5.8%

Northeastern University

5.8%

Carnegie Mellon University

4.9%

New York University

4.5%

Michigan State University

4.5%

University of Illinois at Chicago

4.5%

Iowa State University

4.5%

Webster University

4.1%

American InterContinental University

4.1%

University of Connecticut

4.1%

Syracuse University

3.7%

Washington University in Saint Louis

3.7%

Georgia State University

3.7%

Boston University

3.7%

University of North Carolina at Greensboro

3.3%

George Washington University

3.3%

University of Maryland - College Park

3.3%
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Majors

Business

33.8%

Finance

10.6%

Marketing

7.1%

Computer Science

5.4%

Management

5.4%

Economics

4.7%

Accounting

4.7%

Information Technology

4.3%

Computer Information Systems

3.3%

Communication

2.9%

English

2.2%

Political Science

2.2%

Project Management

2.0%

Electrical Engineering

1.9%

Management Information Systems

1.7%

Psychology

1.7%

Mechanical Engineering

1.6%

Mathematics

1.6%

Management Science

1.5%

History

1.4%
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Degrees

Bachelors

46.3%

Masters

30.9%

Other

11.4%

Associate

5.0%

Certificate

4.3%

Doctorate

1.6%

Diploma

0.3%

License

0.1%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Product Analyst Salaries

Job Title Company Location Start Date Salary
Product Analyst ZL Technologies, Inc. San Jose, CA Feb 04, 2015 $207,709
Analyst, Macro and Structured Products Tse Capital Management L.P. New York, NY Apr 16, 2016 $200,000
Product Analyst Adobe Systems Incorporated San Francisco, CA May 05, 2016 $173,826
Product Analyst Facebook, Inc. Menlo Park, CA May 06, 2015 $168,000 -
$188,000
Clo/Structured Products Analyst Elliot Management Corporation New York, NY Jan 10, 2016 $150,000
Clo/Structured Products Analyst Elliot Management Corporation New York, NY Apr 29, 2015 $150,000
Clo/Structured Products Analyst Elliott Management Corporation New York, NY Jul 03, 2016 $150,000
Refined Product Paper Analyst Koch Supply and Trading, L.P. Houston, TX Sep 03, 2015 $150,000
Nest Hvac Product Analyst Google Inc. Mountain View, CA May 09, 2016 $145,000
Product Analyst ZL Technologies, Inc. Milpitas, CA Oct 01, 2015 $140,878
Product Analyst Invisionapp Inc. San Francisco, CA Oct 17, 2016 $140,000
Product Analyst, Ambulatory Provider Software GE Healthcare IITS USA Corp. Seattle, WA Dec 27, 2016 $140,000 -
$150,000
Data Product Analyst Yipit, Inc. New York, NY Jul 12, 2016 $140,000
Product Analyst EBAY Inc. San Jose, CA Aug 11, 2015 $96,845
IM Product Analyst-Sap Human Capital Management Kiewit Corporation Omaha, NE Aug 28, 2016 $96,720
Sales and Product Analyst Toyota Motor Credit Corporation ('TMCC') Plano, TX Aug 29, 2016 $95,500
Product Analyst Moody's Analytics, Inc. South San Francisco, CA Aug 27, 2016 $95,000
Product Insight Analyst Insurance Services Office, Inc. Jersey City, NJ Dec 04, 2015 $95,000 -
$115,000
Analyst, Product Strategy & Partnerships Cengage Learning Inc. San Francisco, CA Sep 17, 2016 $95,000
Productivity Analyst Varonis Systems New York, NY Nov 08, 2016 $95,000
Product Analyst Datayes (DBA: Datayes, Inc.) San Jose, CA Oct 09, 2016 $77,500
Product Analyst II-Quantitative Plymouth Rock Management Company of New Jersey Red Bank, NJ Sep 01, 2015 $77,355 -
$94,078
Product Analyst, Product Management Abercrombie & Fitch Management Co. New Albany, OH Jul 11, 2016 $77,210
Product Analyst 360 It Professionals, Inc. Sunnyvale, CA Jun 25, 2015 $76,918
Product Analyst Connectedhealth, LLC Chicago, IL Apr 13, 2015 $76,000
Product Analyst Real Foundation, Inc. New York, NY Aug 24, 2015 $75,400
Product Analyst 360 It Professionals, Inc. Sunnyvale, CA Jun 25, 2015 $75,046

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Top Skills for A Product Analyst

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  1. New Product Development
  2. Financial Statements
  3. Data Analysis
You can check out examples of real life uses of top skills on resumes here:
  • Present key industry product summaries, product analyses and recommendations for corporate new product development strategy and execution
  • Evaluated tax returns for guarantors and prepared bank formatted personal financial statements.
  • Provided extensive data analysis to assist in developing the process for investigating adverse reliability concerns.
  • Researched and summarized statutes and regulations pertaining to auto policies to assure legal compliance.
  • Converted user requirements into business requirements, analyzed the same and segregated them into high level and low-level business requirements.

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Top 10 Best States for Product Analysts

  1. Virginia
  2. District of Columbia
  3. Maryland
  4. California
  5. Washington
  6. Connecticut
  7. North Carolina
  8. New Jersey
  9. New York
  10. New Hampshire
  • (3,039 jobs)
  • (1,106 jobs)
  • (1,321 jobs)
  • (6,719 jobs)
  • (1,140 jobs)
  • (621 jobs)
  • (1,551 jobs)
  • (1,571 jobs)
  • (3,070 jobs)
  • (196 jobs)

Top Product Analyst Employers

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Jobs From Top Product Analyst Employers

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