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.

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.

Learn more about what a Senior Market Analyst does

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 70.9% of senior market analysts have a bachelor's degree. In terms of higher education levels, we found that 21.7% of senior market analysts have master's degrees. Even though most senior market analysts have a college degree, it's impossible to become one with only a high school degree or GED.

Learn More About How To Become a Senior Market Analyst

Senior Market Analyst Career Paths

Average Salary for a Senior Market Analyst

Senior Market Analysts in America make an average salary of $95,306 per year or $46 per hour. The top 10 percent makes over $127,000 per year, while the bottom 10 percent under $71,000 per year.
Average Senior Market Analyst Salary
$95,306 Yearly
$45.82 hourly
$71,000
10 %
$95,000
Median
$127,000
90 %

What Am I Worth?

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Senior Market Analyst Education

Senior Market Analyst Majors

27.6 %
15.5 %
11.1 %

Senior Market Analyst Degrees

Bachelors

70.9 %

Masters

21.7 %

Associate

4.7 %

Top Colleges for Senior Market Analysts

1. University of Georgia

Athens, GA • Private

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 • Private

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 • Private

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

6. University of Minnesota - Twin Cities

Minneapolis, MN • Private

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

7. Ball State University

Muncie, IN • Private

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

8. Purdue University

West Lafayette, IN • Private

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 • Private

In-State Tuition
$10,280
Enrollment
34,187

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.

Choose From 10+ Customizable Senior Market Analyst Resume templates

Zippia allows you to choose from different easy-to-use Senior Market Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Senior Market Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Senior Market Analyst Demographics

Senior Market Analyst Gender Distribution

Male
Male
60%
Female
Female
40%

After extensive research and analysis, Zippia's data science team found that:

  • Among senior market analysts, 39.6% of them are women, while 60.4% are men.

  • The most common race/ethnicity among senior market analysts is White, which makes up 68.9% of all senior market analysts.

  • The most common foreign language among senior market analysts is Spanish at 30.6%.

Online Courses For Senior Market Analyst That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Product Launch: How to Go to Market Product Marketing Plan
udemy
4.5
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Marketing Strategy, Product Marketing, Product Marketing Manager, Product Management, Product Manager, Marketing Plan...

Market Analytics: Become a Data-Driven Marketing Expert
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Learn to calculate market segments, use pricing techniques, and forecast sales with Excel for better marketing strategy...

Become a Product Marketing Manager Product Management
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(512)

Product Marketing Strategy: Marketing New Product: Product to Market: Product Promotion: New Product Launch Strategy...

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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, California, and New Jersey. Senior market analysts make the most in Delaware with an average salary of $122,036. Whereas in Washington and California, they would average $118,168 and $108,113, respectively. While senior market analysts would only make an average of $103,855 in New Jersey, 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:
112
Highest 10% Earn:
$164,000
Location Quotient:
1.21 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. Washington

Total Senior Market Analyst Jobs:
615
Highest 10% Earn:
$159,000
Location Quotient:
1.14 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. California

Total Senior Market Analyst Jobs:
2,591
Highest 10% Earn:
$151,000
Location Quotient:
1.2 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
Full List Of Best States For Senior Market Analysts

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Top Senior Market Analyst Employers

Most Common Employers For Senior Market Analyst

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Nomura Securities$114,858$55.226
2Genentech$109,003$52.418
3General Motors$105,954$50.946
4Halliburton$104,846$50.419
5Thomson Reuters$96,622$46.4543
6FHLBank Chicago$94,787$45.5713
7Arrow Electronics$93,344$44.889
8Corning Incorporated$93,284$44.859
9IBM$91,239$43.868
10Highmark$90,028$43.288