Updated February 9, 2022
Average Research Analyst Salary
$69,000 yearly
To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More
$33.52 hourly

Entry level Salary
$46,000 yearly
$46,000
10 %
$69,000
Median
$105,000
90 %
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What is a Research Analyst's Salary?

PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$105,000$8,750$50
75th Percentile$86,000$7,167$41
Average$69,727$5,811$34
25th Percentile$56,000$4,667$27
10th Percentile$46,000$3,833$22

Average Research Analyst Salary By State

The darker areas on the map show where research analysts earn the highest salaries across all 50 states.

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Average Salary:

Research Analyst average salary by State

StateAvg. SalaryHourly RateJob Count
Alabama$50,604$24.33336
Alaska$89,828$43.1977
Arizona$53,993$25.96892
Arkansas$58,970$28.35270
California$71,727$34.485,688
Colorado$62,938$30.26996
Connecticut$80,138$38.53482
Delaware$78,059$37.53212
District of Columbia$68,366$32.87432
Florida$57,013$27.412,064
Georgia$60,572$29.121,279
Hawaii$54,495$26.20130
Idaho$55,824$26.84214
Illinois$69,681$33.501,787
Indiana$50,813$24.43751
Iowa$56,908$27.36347
Kansas$53,517$25.73330
Kentucky$45,463$21.86326
Louisiana$47,732$22.95270
Maine$69,339$33.34170
Maryland$61,767$29.70885
Massachusetts$70,177$33.741,363
Michigan$60,994$29.321,110
Minnesota$63,941$30.74997
Mississippi$46,544$22.38190
Missouri$51,924$24.96810
Montana$57,077$27.44149
Nebraska$46,740$22.47297
Nevada$55,295$26.58232
New Hampshire$64,598$31.06266
New Jersey$81,150$39.011,338
New Mexico$54,269$26.09274
New York$90,910$43.711,957
North Carolina$55,804$26.831,296
North Dakota$46,925$22.56115
Ohio$57,383$27.591,311
Oklahoma$47,796$22.98326
Oregon$65,212$31.35819
Pennsylvania$64,021$30.781,951
Rhode Island$78,265$37.63239
South Carolina$48,806$23.46335
South Dakota$56,755$27.29145
Tennessee$53,239$25.60781
Texas$64,721$31.122,892
Utah$50,174$24.12513
Vermont$55,377$26.62156
Virginia$62,147$29.881,769
Washington$88,077$42.34899
West Virginia$51,449$24.74178
Wisconsin$56,341$27.09651
Wyoming$44,557$21.4286

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Highest Paying Cities For Research Analyst

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CityAvg. SalaryHourly Rate
Ossining, NY$91,271$43.88
Seattle, WA$89,273$42.92
Jersey City, NJ$81,629$39.24
Stamford, CT$80,191$38.55
Wilmington, DE$78,517$37.75
San Francisco, CA$76,074$36.57

How much does a Research Analyst make?

  • The average Research Analyst makes $69,727 in the United States.
  • The average hourly pay for a Research Analyst is $33.52.
  • The average entry-level Research Analyst salary is $46,000.
  • Highest paying states for Research Analyst are New York ($90,910), Alaska ($89,828), Washington ($90,910) and New Jersey ($90,910).
  • Highest paying cities for Research Analyst are Ossining, NY ($91,271), Seattle, WA, Jersey City, NJ, Stamford, CT and Wilmington, DE.
  • Research Analysts on the lower end of that spectrum, the bottom 10% to be exact, make roughly $46,000 a year, while the top 10% makes $105,000.
  • The best-paid 25% made $86,000 that year, while the lowest-paid 25$ made $56,000
  • Industries with the highest Research Analyst salaries are Finance, Media and Technology.

Average Research Analyst Salary Over Time

Compare salaries for individual cities or states with the national average.

    Research Analyst Salary By Year

    YearAvg. SalaryHourly Rate% Change
    2022$69,700$33.52+3.1%
    2021$67,600$32.49+1.1%
    2020$66,900$32.15-0.2%
    2019$67,000$32.21+1.1%
    2018$66,300$31.87+0.7%

    How Much Do Research Analysts Make In Different Industries?

    As we previously stated, Research Analyst salaries can vary depending on the industry. In fact, our data shows that Finance, Media, and Technology companies tend to offer much higher salaries for Research Analysts. For example, Research Analysts make a whopping average salary of $89,695 while working for Finance companies. Meanwhile, other people in this field are making $85,730 at Media companies and $82,985 at Technology companies. But Research Analysts may want to avoid working in the Education industry as it offers the lowest average salary at $62,721.

    Highest Paying Industries For Research Analysts

    RankIndustryAverage Research Analyst SalaryResearch Analyst Salary Range
    1Finance
    $89,695
    $50k
    $115k
    2Media
    $85,730
    $50k
    $115k
    3Technology
    $82,985
    $50k
    $115k
    4Professional
    $78,086
    $50k
    $115k
    5Health Care
    $73,247
    $50k
    $115k
    6Government
    $67,959
    $50k
    $115k
    7Education
    $62,721
    $50k
    $115k

    High Paying Research Analyst Jobs

    Average JOB Salary by Field

    Research Analyst Salary
    A Market Research Intern is responsible for conducting data and statistical analysis to evaluate market performance and identify opportunities to generate profits. Market Research Interns perform administrative duties under the supervision of a market research manager, such as writing and filing reports, organizing documents, researching trends, and designing participant surveys. A Market Research Intern must have excellent communication and analytical skills, especially in collecting accurate data and interpreting results.
    Analyst Internship

    Avg. salary: $62,894

    An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement. They conduct research and analysis to support business operations and resolve issues using systems and data. They also help estimate the costs and benefits of multiple business actions and help the business organization launch new initiatives.
    Data Analyst Internship

    Avg. salary: $36,282

    A data analyst internship involves a trainee who wants to gain working experience in the field of information technology (IT) by assisting data analyst professionals. Data analyst interns should examine information using data analysis tools so that they can help their employers make important decisions by identifying various facts and trends. They write reports and present them to the management to provide new insights about new trends and areas for improvement. Data analyst interns can find work in areas such as banks, specialist software development companies, and consultancies.
    Analyst Sales

    Avg. salary: $68,368

    Analyst sales, or a sales analyst, is a professional who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses. They develop and provide market intelligence data solutions for the sales team to maximize territory sales efforts. Sales analysts must also maintain a business relationship with key account top management to deliver outstanding customer service and assistance.
    Market Analyst Internship

    Avg. salary: $41,590

    When it comes to a marketing analyst internship, an intern primarily follows a senior or a more experienced officer's directives. Most of their tasks will revolve around processing paperwork, maintaining records and databases, participating in research and analyses, and assisting senior analysts in various projects. There are also instances where they can attend meetings, participate in social media handling, and even share marketing insights. Furthermore, as an intern, it is essential to learn and adhere to the company's policies and regulations.
    Marketing Research Internship

    Avg. salary: $34,603

    A marketing research intern assists a company with its marketing and advertising efforts. They are responsible for collecting data on consumers and competitors, consolidating information into an actionable report, designing the data collection methods to find out customer preferences, managing a company's social media accounts, writing content for marketing material, and offer administrative support to members of the marketing team through tasks like drafting memos.
    Market Research Internship

    Avg. salary: $37,858

    A Market Research Intern is responsible for conducting data and statistical analysis to evaluate market performance and identify opportunities to generate profits. Market Research Interns perform administrative duties under the supervision of a market research manager, such as writing and filing reports, organizing documents, researching trends, and designing participant surveys. A Market Research Intern must have excellent communication and analytical skills, especially in collecting accurate data and interpreting results.

    Average Salary By Related Field

    Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
    Analyst Internship$62,894$5,241$30.24123,903
    Data Analyst Internship$36,282$3,024$17.44160,338
    Analyst Sales$68,369$5,697$32.8788,484
    Market Analyst Internship$41,590$3,466$20.00101,829
    Marketing Research Internship$34,603$2,884$16.64177,190
    Market Research Internship$37,858$3,155$18.20122,915
    Job Openings

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    Research Analyst Jobs You Might Like

    And if you're looking for a job, here are the five top employers hiring now:

    1. JPMorgan Chase & Co. Jobs (352)
    2. Fidelity Investments Jobs (83)
    3. Bloomberg Jobs (69)
    4. McKinsey & Company Inc Jobs (95)
    5. Thomson Reuters Jobs (93)

    Research Analyst Salaries By Years Of Experience

    The salary for a Research Analyst can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Research Analyst Salary By Experience Level

    Experience LevelAvg. SalaryHourly Rate
    Entry Level$41,800$20.07
    Mid Level$67,600$32.52
    Senior Level$115,000$55.23

    Which Companies Pay Research Analysts The Most?

    To earn a high income as a Research Analyst, working for Neuberger Berman or William Blair might be your best bet, as they are the highest paying companies in this field. In addition, companies like The Bank of New York Mellon and Bridgewater Associates report highly competitive wages for Research Analysts.

    Highest Paying Companies For Research Analysts

    RankCompanyZippia ScoreAverage Research Analyst SalaryAverage Salary
    1$156,543
    2$146,190
    3$144,942
    4$144,553
    5$143,677
    6$142,821

    And if you're looking for a job, here are the five top employers hiring now:

    1. JPMorgan Chase & Co. Jobs (352)
    2. Fidelity Investments Jobs (83)
    3. Bloomberg Jobs (69)
    4. McKinsey & Company Inc Jobs (95)
    5. Thomson Reuters Jobs (93)

    How much should you get paid?

    Tell us about yourself to get a free, personalized Zippia Salary Report and suggestions on how to increase your pay.

    Recently Added Research Analyst Salaries

    CompanyJobLocationDate AddedSalary
    A-Line Staffing SolutionsResearch Analyst IIrvine, CA01/28/2022$77,219
    State of IdahoResearch and Evaluation AnalystBoise, ID01/28/2022$61,500
    University of CaliforniaResearch Analyst (6256U), Haas School of Business #28867Berkeley, CA01/28/2022$62,276
    Idaho Division of Human ResourcesResearch and Evaluation AnalystBoise, ID01/27/2022$61,500
    CertikResearch Analyst (Crypto)-WaterdropNew York, NY01/26/2022$60,000
    University of Nebraska Medical CenterBioinformatics Research Analyst IOmaha, NE01/26/2022$52,200
    MathematicaResearch Analyst-Human Services UnitSeattle, WA01/25/2022$60,000
    MathematicaResearch Analyst-Human Services UnitWashington, DC01/25/2022$60,000
    MathematicaResearch Analyst-Human Services UnitOakland, CA01/25/2022$60,000
    Federal Reserve Bank (FRB)Research AnalystCharlotte, NC01/25/2022$62,000

    Average Research Analyst Salary by Demographic

    Research Analyst Gender Pay Gap

    male-income
    Male Income
    $72,474
    female-income
    Female Income
    $67,460
    GenderIncome
    Male$72,474
    Female$67,460
    Median Research Analyst Income by Race
    Asian Research Analysts have the highest average salary compared to other ethnicities. Black or African American Research Analysts have the lowest average salary at $68,040.
    $75,000
    $60,000
    $45,000
    $30,000
    $15,000
    $0
    White
    Black or African American
    Asian
    Hispanic or Latino

    Research Analyst Income by Race

    EthnicitySalary
    White$69,872
    Black or African American$68,040
    Asian$73,644
    Hispanic or Latino$68,759
    Average Research Analyst Salary by Education Level
    $90,000
    $72,000
    $54,000
    $36,000
    $18,000
    $0
    Master's Degree
    Bachelor's Degree
    Doctorate Degree

    Research Analyst Salary by Education Level

    EducationSalary
    Master's Degree$80,073
    Bachelor's Degree$67,460
    Doctorate Degree$86,047

    Research Analyst Salaries FAQs

    Do research analysts make good money?

    Yes, research analysts make good money. The average salary range for a research analyst is between $50,000 and $70,000 a year.

    Research analysts tend to focus on mathematical models to produce objective answers about historical data. A research analyst can take a series of inputs and calculate the most efficient way to maximize output.

    Research analysts then use this research to help improve a company's operations, finances, or marketing through advanced mathematical and analytical methods. These analysts help businesses investigate and solve complex problems and allow the companies to make better business decisions.

    While all research analysts make good money, the industry they work in can significantly influence their earnings. The median pay for operations research analysts, which uses higher-level math skills, was $80,000 per year. Meanwhile, market research analysts, which utilize sales and abilities, were around $63,000 per year in 2018.

    The highest-paid industry for research analysts is the financial industry. Investment research analysts make over $100,000 at central banks.

    Learn more about this question

    Is research analyst a good job?

    Yes, research analyst is a good job. This job both pays well and offers exciting and diverse work along with substantial ability to grow.

    Research analysts are data crunchers. They use mathematical models to produce objective answers about historical data. A research analyst can take a series of inputs and calculate the most efficient way to maximize output.

    Research analysts then use this research to help improve a company's operations, finances, or marketing through advanced mathematical and analytical methods. These analysts help businesses investigate and solve complex problems and allow the companies to make better business decisions.

    Being a research analyst is an excellent job for people who want to pursue objectivity and have a quantitative role. It is also ideal for people who wish to have diverse job duties and tasks while maintaining a steady focus on outcomes.

    Learn more about this question

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