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Research consultant hiring summary. Here are some key points about hiring research consultants in the United States:
Here's a step-by-step research consultant hiring guide:
A research consultant is an individual who is responsible for collecting and analyzing multiple types of data across a variety of formats and present research reports for research and analytics companies, public institutions, and private businesses. Research consultants are required to design research strategies to complete the needs of research projects as well as create a basic plan of action for finding data. They may use online resources, phone surveys, and other data-collection methods to find and collect data. Research consultants must also assign investigative teams to verify and double-check the collected data.
First, determine the employments status of the research consultant you need to hire. Certain research consultant roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A research consultant's background is also an important factor in determining whether they'll be a good fit for the position. For example, research consultants 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.
The following list breaks down different types of research consultants and their corresponding salaries.
| Type of Research Consultant | Description | Hourly rate |
|---|---|---|
| Research Consultant | Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price. | $28-55 |
| Market Researcher | In businesses, a market researcher is primarily responsible for performing market research and analysis. Although the extent of their duties usually depends on their place of employment, it typically includes coordinating with other experts, gathering and analyzing data, identifying new business opportunities, studying market activities, creating questionnaires, and developing test structures... Show more | $15-40 |
| Marketing Research Internship | 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. | $12-20 |
Including a salary range in the research consultant job description is a good way to get more applicants. A research consultant salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a research consultant in Wyoming may be lower than in New York, and an entry-level engineer typically earns less than a senior-level research consultant. Additionally, a research consultant with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $109,451 | $53 |
| 2 | New Jersey | $106,599 | $51 |
| 3 | District of Columbia | $104,582 | $50 |
| 4 | Delaware | $99,763 | $48 |
| 5 | Washington | $99,076 | $48 |
| 6 | California | $97,642 | $47 |
| 7 | North Carolina | $94,003 | $45 |
| 8 | Pennsylvania | $90,540 | $44 |
| 9 | Virginia | $90,226 | $43 |
| 10 | Massachusetts | $89,363 | $43 |
| 11 | Minnesota | $86,313 | $42 |
| 12 | Oregon | $85,839 | $41 |
| 13 | Connecticut | $85,425 | $41 |
| 14 | Illinois | $84,419 | $41 |
| 15 | Georgia | $84,386 | $41 |
| 16 | Ohio | $81,717 | $39 |
| 17 | Texas | $81,453 | $39 |
| 18 | Maryland | $81,160 | $39 |
| 19 | Michigan | $78,955 | $38 |
| 20 | Rhode Island | $77,116 | $37 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Microsoft | $125,957 | $60.56 | 231 |
| 2 | eBay | $122,196 | $58.75 | |
| 3 | Slalom | $114,746 | $55.17 | 9 |
| 4 | Excellus BCBS | $107,462 | $51.66 | 1 |
| 5 | Wachovia Securities | $102,530 | $49.29 | |
| 6 | Certara | $98,400 | $47.31 | |
| 7 | Irex | $97,578 | $46.91 | |
| 8 | The Fin Exploration Company | $97,307 | $46.78 | |
| 9 | Dell | $97,167 | $46.71 | |
| 10 | Advisory Board | $97,149 | $46.71 | |
| 11 | CoStar Group | $97,083 | $46.67 | 29 |
| 12 | Econet | $97,082 | $46.67 | |
| 13 | Optum | $97,027 | $46.65 | |
| 14 | Marsh & McLennan Companies | $96,916 | $46.59 | 41 |
| 15 | Revenue Analytics | $96,275 | $46.29 | |
| 16 | Qral Group | $96,244 | $46.27 | |
| 17 | Directions Research | $96,143 | $46.22 | |
| 18 | Univera | $95,565 | $45.94 | 1 |
| 19 | MassMutual | $92,213 | $44.33 | 33 |
| 20 | TNS | $92,119 | $44.29 |
A research consultant job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a research consultant job description:
There are various strategies that you can use to find the right research consultant for your business:
To successfully recruit research consultants, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up 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.
Once you have selected a candidate for the research consultant position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
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.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire research consultants, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire research consultants pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for research consultants is $83,492 in the US. However, the cost of research consultant hiring can vary a lot depending on location. Additionally, hiring a research consultant for contract work or on a per-project basis typically costs between $28 and $55 an hour.