Product analysts help companies to make market researches for product development and marketing strategies for the developed product. As the name implies, the primary and most important job of a product analyst is to evaluate products, compare products to the market trend, and come up with a new development that will suit your consumer's taste. You will also be involved with the product administration, marketing strategies, and presenting the product to the market. As known that consumer preference changes with time, you must continually improve products to suit your customers.
As you would be working with different teams to bring every project to life, you must be a team player. You must also be creative with interpersonal skills, communication skills, time management skills, and problem-solving skills. Apart from this, you must be proficient in MS Office and database software. Plus, you need a bachelor's degree in business, finance, or any other related courses. Averagely, you will earn $74,440 per year.
There is more than meets the eye when it comes to being a production analyst. For example, did you know that they make an average of $27.31 an hour? That's $56,810 a year!
Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.
There are certain skills that many production analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, analytical skills and communication skills.
When it comes to the most important skills required to be a production analyst, we found that a lot of resumes listed 7.4% of production analysts included data entry, while 6.2% of resumes included financial statements, and 6.1% of resumes included windows. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the production analyst job title. But what industry to start with? Most production analysts actually find jobs in the manufacturing and technology industries.
If you're interested in becoming a production analyst, one of the first things to consider is how much education you need. We've determined that 64.8% of production analysts have a bachelor's degree. In terms of higher education levels, we found that 7.9% of production analysts have master's degrees. Even though most production analysts have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a production analyst. When we researched the most common majors for a production analyst, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on production analyst resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a production analyst. In fact, many production analyst jobs require experience in a role such as administrative assistant. Meanwhile, many production analysts also have previous career experience in roles such as computer operator or customer service representative.