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How to hire a product analyst

Product analyst hiring summary. Here are some key points about hiring product analysts in the United States:

  • There are a total of 4,423 product analysts in the US, and there are currently 176,369 job openings in this field.
  • The median cost to hire a product analyst is $1,633.
  • Small businesses spend $1,105 per product analyst on training each year, while large companies spend $658.
  • It takes between 36 and 42 days to fill the average role in the US.
  • It takes approximately 12 weeks for a new employee to reach full productivity levels.
  • HR departments typically allocate 15% of their budget towards recruitment efforts.
  • New York, NY, has the highest demand for product analysts, with 63 job openings.

How to hire a product analyst, step by step

To hire a product analyst, you should clearly understand the skills and experience you are looking for in a candidate, and allocate a budget for the position. You will also need to post and promote the job opening to reach potential candidates. Here's a step-by-step guide on how to hire a product analyst:

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

What does a product analyst do?

A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.

Learn more about the specifics of what a product analyst does
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  1. Identify your hiring needs

    Before you start hiring a product 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?

    A product analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, product analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

    This list presents product analyst salaries for various positions.

    Type of Product AnalystDescriptionHourly rate
    Product AnalystManagement analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.$26-53
    Business Analyst InternshipA Business Analyst Intern provides support to the business analysis team in preparing business plans and strategies. They make suggestions for improvements, write reports, perform research, and analyze data.$16-28
    Technical Business AnalystAs a technical business analyst, one oversees the technical business project and solution implementation. Technical business analysts work with the technical team members and stakeholders for the mapping, analysis, and documentation of business projects and processes... Show more$29-50
  2. Create an ideal candidate profile

    Common skills:
    • Tableau
    • Data Analysis
    • Product Management
    • Product Development
    • PowerPoint
    • Project Management
    • Portfolio
    • User Stories
    • Strong Analytical
    • SAS
    • Visualization
    • Customer Service
    • Analyze Data
    • Scrum
    Check all skills
    Responsibilities:
    • Manage CRM development teams in India.
    • Use the SoapUI tool to automate the API calls relate to the corresponding UI functions.
    • Document test procedures to ensure reliability and compliance with standards using JIRA to report and manage bugs.
    • Work as a team to manage a student-run portfolio by researching and debating various securities for the benefit of the fund.
    • Manage inventory and supervise site payroll and invoice processing.
    • Lead architecture, design and development of a customize financial analytics solution.
    More product analyst duties
  3. Make a budget

    Including a salary range in your product analyst job description is a great way to entice the best and brightest candidates. A product analyst salary can vary based on several factors:
    • Location. For example, product analysts' average salary in maine is 49% less than in washington.
    • Seniority. Entry-level product analysts earn 50% less than senior-level product analysts.
    • Certifications. A product analyst with a few certifications under their belt will likely demand a higher salary.
    • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a product analyst's salary.

    Average product analyst salary

    $79,316yearly

    $38.13 hourly rate

    Entry-level product analyst salary
    $56,000 yearly salary
    Updated December 5, 2025

    Average product analyst salary by state

    RankStateAvg. salaryHourly rate
    1Washington$112,114$54
    2California$106,542$51
    3New Jersey$86,924$42
    4New York$84,028$40
    5District of Columbia$83,381$40
    6Massachusetts$82,353$40
    7Colorado$79,251$38
    8North Carolina$79,218$38
    9Virginia$77,898$37
    10Texas$76,946$37
    11Connecticut$76,537$37
    12Arizona$76,104$37
    13Illinois$75,842$36
    14Delaware$75,586$36
    15Pennsylvania$74,018$36
    16Missouri$70,921$34
    17Georgia$69,885$34
    18Ohio$68,943$33
    19Tennessee$67,815$33
    20Wisconsin$66,436$32

    Average product analyst salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1Meta$133,992$64.42846
    2Apple$131,707$63.3273
    3ICE Mortgage Technology$126,869$60.99
    4Chegg$125,628$60.40
    5Google$124,103$59.66266
    6Waymo$121,490$58.416
    7Morgan Lewis$120,958$58.152
    8Atlassian$120,105$57.7425
    9Microsoft$118,973$57.2085
    10Thumbtack$118,594$57.02
    11Credit Karma$118,026$56.745
    12Square$117,523$56.50
    13Dropbox$117,086$56.299
    14BP America Inc$116,476$56.002
    15Nike$115,855$55.7087
    16Macy's$115,520$55.543
    17Adobe$113,536$54.5862
    18Neiman Marcus Group$113,138$54.391
    19Uber Technologies$112,810$54.24
    20Okta$111,444$53.5824
  4. Writing a product analyst job description

    A good product analyst job description should include a few things:

    • Summary of the role
    • List of responsibilities
    • Required skills and experience

    Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a product analyst job description:

    Product analyst job description example

    TransUnion's Job Applicant Privacy Notice

    What We'll Bring:
    At TransUnion, we strive to build an environment where our associates are in the driver's seat of their professional development, while having access to help along the way. We encourage everyone to pursue passions and take ownership of their careers. With the support of colleagues and mentors, our associates are given the tools needed to get where they want to go. Regardless of job titles, our associates have the opportunity to learn new things and be a leader every day.

    Come be a part of our team - you'll work with great people, pioneering products and cutting-edge technology.

    This is a hybrid role and does require an traveling to the Burlingame office one day a week.

    Argus Advisory, a TransUnion company, was recently acquired and all recruiting is taking place in coordination with TransUnion's systems and processes.

    What You'll Bring:
    1. Bring 2+ years of experience in product development. Minimum 4 years of overall experience in a product adjacent role - i.e Business analyst, Technical Product operations, Product support.2. Familiar with Agile methodology and requirements gathering process.3. Detail oriented with problem solving skills4. Experience making decisions based on data5. Strong communication and cross-functional collaboration skills6. Self-motivated and driven; a good team player and has the ability to build trust and influence teams.7. Financial services or Technical background is a plus

    Impact You'll Make:
    1. Deliver business value for clients through product development and influencing the technology teams2. Analytical skills to ask the right questions, dissect, organize, conclude, translate and document requirements3. Conduct user research, draft user stories, give demos and meet with users to validate and capture requirements accurately4. Develop and maintain an appropriately prioritized backlog of user stories for implementation.5. Effectively work directly with external clients and key stakeholders across the company to ensure successful implementations are conducted in a timely manner.6. Become and remain knowledgeable on key business processes and systems and how they operate/integrate

    We're excited to expand our business with the acquisition of Argus Advisory. As we make the transition, there may be changes specific to the organizational alignment and title of this position. Other details of this position, such as job responsibilities will not be impacted due to this acquisition and transitional phase. The addition of Argus Advisory to TransUnion is leading to accelerated growth to our analytics, business intelligence and advisory services to further our data-oriented strategy. We hope you'll join us in this next phase of this journey.

    #LI-Hybrid

    We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, veteran status, marital status, citizenship status, sexual orientation, gender identity or any other characteristic protected by law.

    TransUnion's Internal Job Title:
    Acquisition Exempt, Acquired Associate
  5. Post your job

    To find product analysts for your business, try out a few different recruiting strategies:

    • Consider internal talent. One of the most important talent pools for any company is its current employees.
    • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any product analysts they would recommend.
    • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level product analysts with the right educational background.
    • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.
    Post your job online:
    • Post your product analyst job on Zippia to find and recruit product analyst candidates who meet your exact specifications.
    • Use field-specific websites.
    • Post a job on free websites.
  6. Interview candidates

    Your first interview with product 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.

    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 product analyst

    Once you've found the product analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

    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.

    After that, you can create an onboarding schedule for a new product 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 product analyst?

Hiring a product analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting product analysts involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of product analyst recruiting as well the ongoing costs of maintaining the new employee.

The median annual salary for product analysts is $79,316 in the US. However, the cost of product analyst hiring can vary a lot depending on location. Additionally, hiring a product analyst for contract work or on a per-project basis typically costs between $26 and $53 an hour.

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