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Research analyst salary
Average research analyst salary
$70,232
Average Research Analyst Salary
The average salary for a Research Analyst in the United States is $70,232 per year, translating to about $34 per hour. This figure can vary significantly based on factors such as geographic location, industry, and level of experience. For example, analysts in high-demand sectors like technology and finance may earn substantially more than those in non-profit organizations.
Research Analyst Salaries by Experience Level
Entry-level Research Analysts typically earn around $55,000, while those with five to ten years of experience can expect to make between $70,000 and $85,000. Senior-level analysts or those in managerial positions can earn upwards of $100,000 annually.
Highest Paying States for Research Analysts
States such as California, New York, and Massachusetts consistently rank among the highest for Research Analyst salaries, often exceeding the national average. Additionally, metropolitan areas like San Francisco and New York City offer higher compensation due to the cost of living and demand for skilled professionals in these regions.
What is a Research Analyst's Salary?
In summary, the salary for Research Analysts is influenced by various factors, including industry, location, and experience. Job seekers can leverage this information to make informed decisions about their career paths and target regions with better salary prospects. Explore job opportunities that match your skills and aspirations on Zippia.
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Where can a Research Analyst earn more?
Research analyst salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level research analyst | $44,100 | $21.19 |
| Mid-level research analyst | $74,400 | $35.78 |
| Senior-level research analyst | $122,000 | $58.60 |
Research analyst salary estimates from across the web
Average research analyst salary by state
The highest-paying states for research analysts are Washington, New York, and New Jersey. The lowest average research analyst salary states are Nebraska, Oklahoma, and Louisiana.
- State view
- County view
Highest paying states for research analysts
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Rhode Island | $74,352 | $35.75 |
| 2 | New York | $87,822 | $42.22 |
| 3 | New Jersey | $77,931 | $37.47 |
| 4 | Delaware | $75,650 | $36.37 |
| 5 | Connecticut | $77,546 | $37.28 |
| 6 | Oregon | $67,090 | $32.25 |
| 7 | Washington | $93,681 | $45.04 |
| 8 | Pennsylvania | $62,617 | $30.10 |
| 9 | Massachusetts | $69,318 | $33.33 |
| 10 | New Hampshire | $64,298 | $30.91 |
| 11 | Illinois | $66,109 | $31.78 |
| 12 | District of Columbia | $67,231 | $32.32 |
| 13 | California | $66,301 | $31.88 |
| 14 | Alaska | $75,376 | $36.24 |
| 15 | Virginia | $60,665 | $29.17 |
| 16 | Minnesota | $60,984 | $29.32 |
| 17 | Maine | $67,634 | $32.52 |
| 18 | Michigan | $60,071 | $28.88 |
| 19 | Texas | $58,558 | $28.15 |
| 20 | Vermont | $55,199 | $26.54 |
| 21 | Colorado | $57,523 | $27.66 |
| 22 | Maryland | $60,277 | $28.98 |
| 23 | Idaho | $56,853 | $27.33 |
| 24 | Ohio | $55,182 | $26.53 |
| 25 | Georgia | $56,642 | $27.23 |
| 26 | North Carolina | $53,595 | $25.77 |
| 27 | Wisconsin | $53,859 | $25.89 |
| 28 | Montana | $54,533 | $26.22 |
| 29 | Arkansas | $53,889 | $25.91 |
| 30 | South Dakota | $50,530 | $24.29 |
| 31 | Arizona | $49,920 | $24.00 |
| 32 | Tennessee | $49,725 | $23.91 |
| 33 | Iowa | $52,375 | $25.18 |
| 34 | New Mexico | $50,018 | $24.05 |
| 35 | Florida | $51,510 | $24.76 |
| 36 | Nevada | $52,332 | $25.16 |
| 37 | Utah | $46,966 | $22.58 |
| 38 | West Virginia | $48,213 | $23.18 |
| 39 | Wyoming | $46,688 | $22.45 |
| 40 | Missouri | $47,516 | $22.84 |
| 41 | Kansas | $48,599 | $23.36 |
| 42 | Indiana | $47,893 | $23.03 |
| 43 | Hawaii | $37,101 | $17.84 |
| 44 | Alabama | $47,514 | $22.84 |
| 45 | Nebraska | $44,153 | $21.23 |
| 46 | North Dakota | $44,656 | $21.47 |
| 47 | South Carolina | $46,992 | $22.59 |
| 48 | Oklahoma | $43,198 | $20.77 |
| 49 | Louisiana | $43,180 | $20.76 |
| 50 | Kentucky | $42,720 | $20.54 |
| 51 | Mississippi | $42,145 | $20.26 |
Highest paying cities for research analysts
The highest-paying cities for research analysts are Seattle, WA, New York, NY, and Jersey City, NJ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Seattle, WA | $94,849 | $45.60 |
| 2 | New York, NY | $87,910 | $42.26 |
| 3 | Jersey City, NJ | $78,323 | $37.66 |
| 4 | Stamford, CT | $77,261 | $37.14 |
| 5 | Wilmington, DE | $76,048 | $36.56 |
| 6 | San Francisco, CA | $73,176 | $35.18 |
| 7 | Boston, MA | $69,370 | $33.35 |
| 8 | Washington, DC | $67,275 | $32.34 |
| 9 | Chicago, IL | $66,701 | $32.07 |
| 10 | Arlington, VA | $62,967 | $30.27 |
| 11 | Philadelphia, PA | $62,954 | $30.27 |
| 12 | Minneapolis, MN | $60,938 | $29.30 |
| 13 | Baltimore, MD | $60,628 | $29.15 |
| 14 | Ann Arbor, MI | $59,764 | $28.73 |
| 15 | Austin, TX | $59,415 | $28.56 |
| 16 | Denver, CO | $57,614 | $27.70 |
| 17 | Atlanta, GA | $56,580 | $27.20 |
| 18 | Raleigh, NC | $54,380 | $26.14 |
| 19 | Miami, FL | $51,234 | $24.63 |
| 20 | Phoenix, AZ | $50,082 | $24.08 |
Research Analysts are the most in-demand in these five cities:
Research analyst salary details
A research analyst's salary ranges from $45,000 a year at the 10th percentile to $107,000 at the 90th percentile.
What is a research analyst's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $107,000 | $8,917 | $51 |
| 75th Percentile | $87,000 | $7,250 | $42 |
| Average | $70,232 | $5,853 | $34 |
| 25th Percentile | $56,000 | $4,667 | $27 |
| 10th Percentile | $45,000 | $3,750 | $22 |
Highest paying research analyst jobs
The highest paying types of research analysts are product analyst, senior research analyst, and operations research analyst.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Analyst Internship | $38,569 | $3,214 | $18.54 | 103,723 |
| Data Analyst Internship | $38,752 | $3,229 | $18.63 | 135,614 |
| Analyst Sales | $69,093 | $5,758 | $33.22 | 77,023 |
| Market Analyst Internship | $63,476 | $5,290 | $30.52 | 73,684 |
| Marketing Research Internship | $34,196 | $2,850 | $16.44 | 160,264 |
| Market Research Internship | $35,920 | $2,993 | $17.27 | 99,512 |
How would you rate the starting salaries for research analysts, as well as the prospects for salary advancement?
Heather Tanner Ph.D.
Associate Professor, The Ohio State University
Top companies hiring research analysts now:
Which companies pay research analysts the most?
Research analyst salaries at The Citadel and Lord Abbett are the highest-paying according to our most recent salary estimates. In addition, the average research analyst salary at companies like Pacific Investment Management Company LLC and Neuberger Berman are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | The Citadel | $172,440 | $82.90 |
| 2 | Lord Abbett | $146,385 | $70.38 |
| 3 | Pacific Investment Management Company LLC | $145,264 | $69.84 |
| 4 | Neuberger Berman | $144,774 | $69.60 |
| 5 | Bridgewater Associates | $143,350 | $68.92 |
| 6 | Moran & Company P.C. CPA | $142,841 | $68.67 |
| 7 | Putnam Investments | $141,911 | $68.23 |
| 8 | First Republic Bank | $141,618 | $68.09 |
| 9 | Meta | $141,535 | $68.05 |
| 10 | Dodge & Cox | $139,383 | $67.01 |
| 11 | William Blair | $138,041 | $66.37 |
| 12 | Diamond Hill Capital Management | $136,865 | $65.80 |
| 13 | GAMCO Investors | $136,469 | $65.61 |
| 14 | Jane Street | $135,771 | $65.27 |
| 15 | Cohen & Steers | $135,451 | $65.12 |
| 16 | MFS Investment Management | $134,992 | $64.90 |
| 17 | Meketa Investment Group | $134,718 | $64.77 |
| 18 | Greenlight Capital | $134,502 | $64.66 |
| 19 | Citi | $134,241 | $64.54 |
| 20 | Two Sigma | $134,206 | $64.52 |
Wage gap by gender, race and education
Research Analyst salary by industry
The average research analyst salary varies across industries:
- The average research analyst salary in the finance industry is $101,433, the highest of any industry.
- The average research analyst salary in the finance industry is $84,405.
- Research analysts in the education industry earn an average salary of $60,276, the lowest of any industry.
Highest paying industries for research analysts
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $101,433 | $48.77 |
| 2 | Media | $84,405 | $40.58 |
| 3 | Technology | $72,608 | $34.91 |
| 4 | Professional | $71,084 | $34.17 |
| 5 | Government | $63,649 | $30.60 |
| 6 | Education | $60,276 | $28.98 |
High paying research analyst jobs
Research analyst salary trends
The average research analyst salary has risen by $5,934 over the last ten years. In 2014, the average research analyst earned $64,298 annually, but today, they earn $70,232 a year. That works out to a 5% change in pay for research analysts over the last decade.
Compare research analyst salaries for cities or states with the national average over time.
Average research analyst salary over time
Compare research analyst salaries for individual cities or states with the national average.
Research analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $70,200 | $33.77 | +3.1% |
| 2024 | $68,100 | $32.73 | +1.1% |
| 2023 | $67,400 | $32.39 | -0.2% |
| 2022 | $67,500 | $32.44 | +1.1% |
| 2021 | $66,800 | $32.10 | +0.7% |
Recently added research analyst salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Charles River Laboratories | Research Analyst I-Formulations | Overland Park, KS | 06/30/2025 | $49,045 |
| Brown Advisory | Global Credit Research Analyst-Industrials/Technology | Baltimore, MD | 06/30/2025 | $190,000 |
| Marsh McLennan Agency-Michigan | Oliver Wyman-Research Analyst FS | New York, NY | 06/30/2025 | $75,000 |
| Bernstein Litowitz Berger & Grossmann | Financial Research Analyst | New York, NY | 06/29/2025 | $70,000 |
| GMO | Quantitative Research Analyst | Boston, MA | 06/29/2025 | $150,000 |
| Graham Capital Management | Quantitative Research Analyst | Norwalk, CT | 06/29/2025 | $120,000 |
| Strategic Resolution Experts (SRE | Research Analyst-Remote | Las Vegas, NV | 06/29/2025 | $20,870 |
| Booz Allen Hamilton | Research Analyst | Bethesda, MD | 06/28/2025 | $62,000 |
| Jpmorgan Chase & Co | Global Index Research-Analyst | New York, NY | 06/28/2025 | $110,000 |
| Saint Louis University | Clinical Research Coverage Analyst | Saint Louis, MO | 06/28/2025 | $46,720 |
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