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Senior product analyst hiring summary. Here are some key points about hiring senior product analysts in the United States:
Here's a step-by-step senior product analyst hiring guide:
The senior product analyst is the one responsible for product assessment and monitoring its performance in the market. The product analyst's job is to get all the relevant data to enhance existing products and use such information to develop new products. The senior product analyst collaborates and coordinates with other product teams in the company, including the marketing department. The product analyst's primary goal is perfecting the product through continuous improvements made by data analysis from various sources of feedback.
Before you start hiring a senior product analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect senior product analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
Here's a comparison of senior product analyst salaries for various roles:
| Type of Senior Product Analyst | Description | Hourly rate |
|---|---|---|
| Senior Product Analyst | 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. | $33-61 |
| Analyst Sales | 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... Show more | $22-47 |
| Analyst Lead | The duties of an analyst lead depend on one's line of work or industry of employment. Typically, their responsibilities revolve around performing research and analysis, coordinating with different departments to gather leads and data, reviewing findings, and producing reports and presentations for the stakeholders and other higher-ranking officials... Show more | $35-58 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $145,058 | $70 |
| 2 | Washington | $128,891 | $62 |
| 3 | Delaware | $119,577 | $57 |
| 4 | Oregon | $111,058 | $53 |
| 5 | Nevada | $100,627 | $48 |
| 6 | Texas | $99,083 | $48 |
| 7 | New Jersey | $98,544 | $47 |
| 8 | New York | $94,197 | $45 |
| 9 | District of Columbia | $91,271 | $44 |
| 10 | Colorado | $88,939 | $43 |
| 11 | Virginia | $87,775 | $42 |
| 12 | Arizona | $87,688 | $42 |
| 13 | Maryland | $87,577 | $42 |
| 14 | Utah | $87,289 | $42 |
| 15 | Illinois | $86,375 | $42 |
| 16 | Minnesota | $86,308 | $41 |
| 17 | North Carolina | $86,161 | $41 |
| 18 | Georgia | $84,374 | $41 |
| 19 | Massachusetts | $84,244 | $41 |
| 20 | Pennsylvania | $80,829 | $39 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Credit Karma | $166,935 | $80.26 | 3 |
| 2 | Flexport | $143,796 | $69.13 | 2 |
| 3 | PayPal | $142,438 | $68.48 | 16 |
| 4 | Chegg | $138,760 | $66.71 | |
| 5 | $135,047 | $64.93 | ||
| 6 | $133,874 | $64.36 | 3 | |
| 7 | Atlassian | $133,344 | $64.11 | 25 |
| 8 | eBay | $133,341 | $64.11 | 36 |
| 9 | Thumbtack | $133,265 | $64.07 | |
| 10 | MongoDB | $132,934 | $63.91 | 39 |
| 11 | StubHub | $131,724 | $63.33 | 18 |
| 12 | Uber Technologies | $131,717 | $63.33 | |
| 13 | CME Group | $130,769 | $62.87 | 5 |
| 14 | Levi Strauss & Co. | $130,683 | $62.83 | 4 |
| 15 | Box | $130,598 | $62.79 | 3 |
| 16 | Square | $130,365 | $62.68 | |
| 17 | Chime | $129,227 | $62.13 | 3 |
| 18 | Help Scout | $125,735 | $60.45 | |
| 19 | Okta | $125,513 | $60.34 | 16 |
| 20 | Moody's | $122,663 | $58.97 | 2 |
A job description for a senior product analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a senior product analyst job description:
There are a few common ways to find senior product analysts for your business:
Recruiting senior product analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best senior product analyst candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is 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.
Hiring a senior product analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting senior product analysts involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of senior product analyst recruiting as well the ongoing costs of maintaining the new employee.
Senior product analysts earn a median yearly salary is $95,351 a year in the US. However, if you're looking to find senior product analysts for hire on a contract or per-project basis, hourly rates typically range between $33 and $61.