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Working as a Senior Market Analyst

The senior market analyst is that person who studies the market conditions to evaluate the sales of products and services. The senior market analyst helps the company they work for analyze and understand what goods and services are in demand. They do this by collating information on the good or service, the consumers, the competitive companies, and the market.

A senior market analyst must be able to design different research methods to fit into this position. This skill will help you examine statistical data. It would also help if you stayed updated on what is going on in the market at all times.

While most companies prefer employees with prior working experience, it's different with every company. It is important that you improve your communication skills to relay information well with people you'll meet doing your job.

There is more than meets the eye when it comes to being a senior market analyst. For example, did you know that they make an average of $40.51 an hour? That's $84,268 a year!

Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.

What Does a Senior Market Analyst Do

There are certain skills that many senior market 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 senior market analyst, we found that a lot of resumes listed 15.0% of senior market analysts included market research, while 8.0% of resumes included powerpoint, and 5.5% of resumes included portfolio. 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 senior market analyst job title. But what industry to start with? Most senior market analysts actually find jobs in the finance and technology industries.

How To Become a Senior Market Analyst

If you're interested in becoming a senior market analyst, one of the first things to consider is how much education you need. We've determined that 39.0% of senior market analysts have a bachelor's degree. In terms of higher education levels, we found that 47.4% of senior market analysts have master's degrees. Even though most senior market 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 senior market analyst. When we researched the most common majors for a senior market analyst, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on senior market analyst resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become a senior market analyst. In fact, many senior market analyst jobs require experience in a role such as market analyst. Meanwhile, many senior market analysts also have previous career experience in roles such as analyst or finance analyst.

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Average Salary$84,268
Job Growth Rate20%

Senior Market Analyst Career Paths

Top Careers Before Senior Market Analyst

Analyst
8.1 %

Top Careers After Senior Market Analyst

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Senior Market Analyst

Senior Market Analysts in America make an average salary of $84,268 per year or $41 per hour. The top 10 percent makes over $120,000 per year, while the bottom 10 percent under $58,000 per year.
Average Salary
$84,268

Best Paying Cities

City
Average Salary
Stamford, CT
Salary Range73k - 127k$97k$96,686
Jersey City, NJ
Salary Range73k - 126k$96k$96,445
Irving, TX
Salary Range71k - 123k$94k$94,078
San Francisco, CA
Salary Range68k - 125k$92k$92,380
New York, NY
Salary Range68k - 118k$90k$90,060
Holyoke, MA
Salary Range67k - 116k$88k$88,286
$46k
$127k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Caiso Markets Senior Analyst
Caiso Markets Senior Analyst
City of Tacoma Wa
City of Tacoma Wa
12/22/2020
12/22/2020
$115,58612/22/2020
$115,586
Senior Market Analyst
Senior Market Analyst
Randstad
Randstad
12/18/2019
12/18/2019
$156,52512/18/2019
$156,525
Senior Market Analyst
Senior Market Analyst
Volt Workforce Solutions
Volt Workforce Solutions
09/26/2019
09/26/2019
$145,00009/26/2019
$145,000
Senior Market Analyst
Senior Market Analyst
Infomatrix, Inc.
Infomatrix, Inc.
09/04/2019
09/04/2019
$72,00009/04/2019
$72,000
Senior Market and Business Analyst
Senior Market and Business Analyst
Halliburton Energy Services, Inc.
Halliburton Energy Services, Inc.
08/15/2019
08/15/2019
$105,32608/15/2019
$105,326
See More Recent Salaries

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Senior Market Analyst Demographics

Gender

male

58.1 %

female

37.4 %

unknown

4.6 %

Ethnicity

White

68.8 %

Asian

12.1 %

Hispanic or Latino

10.6 %

Foreign Languages Spoken

Spanish

30.6 %

French

11.1 %

Italian

8.3 %
See More Demographics

Senior Market Analyst Education

Majors

Business
34.4 %
Finance
17.5 %

Degrees

Masters

47.4 %

Bachelors

39.0 %

Certificate

3.9 %

Top Colleges for Senior Market Analysts

1. University of Georgia

Athens, GA • Public

In-State Tuition
$11,830
Enrollment
29,474

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. University of Wisconsin - Madison

Madison, WI • Public

In-State Tuition
$10,555
Enrollment
30,360

4. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

5. University of Maryland - College Park

College Park, MD • Public

In-State Tuition
$10,595
Enrollment
30,184

6. University of Minnesota - Twin Cities

Minneapolis, MN • Public

In-State Tuition
$14,760
Enrollment
31,451

7. Ball State University

Muncie, IN • Public

In-State Tuition
$9,896
Enrollment
15,529

8. Purdue University

West Lafayette, IN • Public

In-State Tuition
$9,992
Enrollment
33,495

9. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

10. Texas State University

San Marcos, TX • Public

In-State Tuition
$10,280
Enrollment
34,187
See More Education Info
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Full Time
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Internship
Temporary

Top Skills For a Senior Market Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.0% of senior market analysts listed market research on their resume, but soft skills such as detail oriented and analytical skills are important as well.

Best States For a Senior Market Analyst

Some places are better than others when it comes to starting a career as a senior market analyst. The best states for people in this position are Delaware, Washington, Rhode Island, and Connecticut. Senior market analysts make the most in Delaware with an average salary of $105,695. Whereas in Washington and Rhode Island, they would average $103,133 and $96,822, respectively. While senior market analysts would only make an average of $96,565 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Delaware

Total Senior Market Analyst Jobs:
66
Highest 10% Earn:
$170,000
Location Quotient:
1.76
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Senior Market Analyst Jobs:
163
Highest 10% Earn:
$160,000
Location Quotient:
1.12
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Minnesota

Total Senior Market Analyst Jobs:
289
Highest 10% Earn:
$153,000
Location Quotient:
1.1
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Senior Market Analyst Employers

1. Thomson Reuters
4.8
Avg. Salary: 
$70,824
Senior Market Analysts Hired: 
47+
2. Kohler Co.
4.7
Avg. Salary: 
$61,658
Senior Market Analysts Hired: 
16+
3. Travelers
4.8
Avg. Salary: 
$55,107
Senior Market Analysts Hired: 
11+
4. Halliburton
4.8
Avg. Salary: 
$90,654
Senior Market Analysts Hired: 
9+
5. Corning
4.7
Avg. Salary: 
$94,541
Senior Market Analysts Hired: 
9+
6. Highmark
4.8
Avg. Salary: 
$85,274
Senior Market Analysts Hired: 
8+
Updated October 2, 2020