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Become A Senior Research Analyst

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Working As A Senior Research Analyst

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Interpreting the Meaning of Information for Others
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Make Decisions

  • $70,000

    Average Salary

What Does A Senior Research Analyst Do

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.

Duties

Market research analysts typically do the following:

  • Monitor and forecast marketing and sales trends
  • Measure the effectiveness of marketing programs and strategies
  • Devise and evaluate methods for collecting data, such as surveys, questionnaires, and opinion polls
  • Gather data on consumers, competitors, and market conditions
  • Analyze data using statistical software
  • Convert complex data and findings into understandable tables, graphs, and written reports
  • Prepare reports and present results to clients and management

Market research analysts research and gather data to help a company market its products or services. They gather data on consumer demographics, preferences, needs, and buying habits. They collect data and information using a variety of methods, such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, and literature reviews.

Analysts help determine a company’s position in the marketplace by researching their competitors and analyzing their prices, sales, and marketing methods. Using this information, they may determine potential markets, product demand, and pricing. Their knowledge of the targeted consumer enables them to develop advertising brochures and commercials, sales plans, and product promotions. 

Market research analysts evaluate data using statistical techniques and software. They must interpret what the data mean for their client, and they may forecast future trends. They often make charts, graphs, infographics, and other visual aids to present the results of their research. 

Workers who design and conduct surveys are known as survey researchers.

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How To Become A Senior Research Analyst

Most market research analysts need at least a bachelor’s degree. Top research positions may require a master’s degree. Strong math and analytical skills are essential. 

Education

Market research analysts typically need a bachelor’s degree in market research or a related field. Many have degrees in fields such as statistics, math, and computer science. Others have backgrounds in business administration, the social sciences, or communications.

Courses in statistics, research methods, and marketing are essential for these workers. Courses in communications and social sciences, such as economics or consumer behavior, are also important.

Some market research analyst jobs require a master’s degree. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). A master’s degree is often required for leadership positions or positions that perform more technical research. 

Licenses, Certifications, and Registrations

Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Candidates qualify based on experience and knowledge; they must pass an exam, be a member of a professional organization, and have at least 3 years working in opinion and marketing research. Individuals must complete 20 hours of industry-related continuing education courses every 2 years to renew their certification.

Important Qualities

Analytical skills. Market research analysts must be able to understand large amounts of data and information. 

Communication skills. Market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients. 

Critical-thinking skills. To determine what marketing strategy would work best for a company, market research analysts must assess all available information.

Detail oriented. Market research analysts must be detail oriented because they often do precise data analysis.

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Senior Research Analyst Jobs

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Senior Research Analyst Career Paths

Senior Research Analyst
Portfolio Manager Assistant Vice President Senior Business Analyst
Analytical Manager
8 Yearsyrs
Senior Consultant Subject Matter Expert Team Manager
Assistant Vice President Operations
8 Yearsyrs
Research Director Managing Director
Chief Marketing Officer
10 Yearsyrs
Account Executive Office Manager Practice Manager
Clinical Operations Manager
10 Yearsyrs
Senior Analyst Program Manager Marketing Manager
Communications Manager
6 Yearsyrs
Account Executive Property Manager Compliance Specialist
Compliance Program Manager
10 Yearsyrs
Project Director Research Manager Marketing Analyst
Customer Relationship Management Manager
7 Yearsyrs
Project Manager Program Manager
Deputy Director
9 Yearsyrs
Market Research Manager Marketing Director Director Of Strategy
Director Of Strategy & Marketing
5 Yearsyrs
Portfolio Manager Information Technology Project Manager Information Technology Director
Global Director Of Information Technology
14 Yearsyrs
Research Manager Market Research Manager Marketing Manager
Marketing Manager, Global Marketing
8 Yearsyrs
Senior Consultant Product Manager Merchandising Manager
Planning Manager
8 Yearsyrs
Product Manager General Manager Recruiter
Recruitment Manager
6 Yearsyrs
Project Manager General Manager Account Executive
Relationship Manager
6 Yearsyrs
Senior Analyst Senior Consultant Senior Manager
Senior Operations Manager
9 Yearsyrs
Product Manager Senior Project Manager Project Director
Senior Project Director
8 Yearsyrs
Research Director Vice President Research Managing Director
Strategist
6 Yearsyrs
Research Manager Marketing Manager Operations Manager
Supply Chain Manager
10 Yearsyrs
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Do you work as a Senior Research Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Research Director 3.4 years
Research Manager 3.2 years
Research Leader 2.1 years
Strategic Analyst 2.1 years
Research Analyst 2.0 years
Analyst Internship 0.5 years
Top Careers Before Senior Research Analyst
Internship 6.7%
Analyst 5.1%
Consultant 3.7%
Associate 2.7%
Manager 1.9%
Top Careers After Senior Research Analyst
Consultant 9.0%
Manager 6.1%
Analyst 3.9%
Director 3.6%
Principal 3.0%

Do you work as a Senior Research Analyst?

Senior Research Analyst Demographics

Gender

Male

52.7%

Female

44.3%

Unknown

3.1%
Ethnicity

White

57.0%

Asian

14.4%

Hispanic or Latino

12.9%

Black or African American

11.6%

Unknown

4.0%
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Foreign Languages Spoken

Spanish

29.7%

French

16.5%

Chinese

8.2%

Mandarin

7.6%

German

6.3%

Russian

5.1%

Korean

3.8%

Hindi

3.2%

Japanese

3.2%

Arabic

3.2%

Cantonese

2.5%

Portuguese

1.9%

Gujarati

1.3%

Urdu

1.3%

Italian

1.3%

Persian

1.3%

Hebrew

1.3%

Dakota

1.3%

Swahili

0.6%

Swedish

0.6%
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Senior Research Analyst Education

Schools

New York University

7.6%

University of Phoenix

6.9%

George Washington University

6.5%

Boston University

6.5%

Syracuse University

5.7%

Columbia University

5.7%

Boston College

5.3%

Northwestern University

5.3%

University of Maryland - College Park

5.0%

Cornell University

5.0%

University of California - Berkeley

4.2%

Michigan State University

4.2%

Villanova University

4.2%

University of Florida

4.2%

Johns Hopkins University

4.2%

University of Chicago

4.2%

University of Maryland - University College

3.8%

Stanford University

3.8%

Indiana University Bloomington

3.8%

University of North Carolina at Chapel Hill

3.8%
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Majors

Business

22.0%

Finance

14.0%

Marketing

10.7%

Economics

8.1%

Psychology

4.9%

Political Science

3.8%

Management

3.7%

Statistics

3.6%

Accounting

3.5%

Sociology

3.4%

Experimental Psychology

2.8%

Communication

2.7%

Computer Science

2.4%

English

2.3%

Mathematics

2.3%

Public Health

2.0%

Counseling Psychology

2.0%

Criminal Justice

1.9%

History

1.9%

Chemistry

1.8%
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Degrees

Masters

44.5%

Bachelors

32.4%

Doctorate

8.8%

Other

8.5%

Certificate

2.9%

Associate

2.4%

Diploma

0.3%

License

0.2%
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Real Senior Research Analyst Salaries

Job Title Company Location Start Date Salary
Senior Research Analyst Ramsey Quantitative Systems, Inc. Louisville, KY Jun 22, 2016 $250,000
Principal, Senior Research Analyst Oak Hill Advisors, L.P. New York, NY Sep 21, 2015 $250,000
Director, Senior Research Analyst I Merrill Lynch New York, NY Sep 30, 2016 $240,000 -
$260,000
Director, Senior Research Analyst River Birch Capital, LLC New York, NY Feb 28, 2016 $200,000
SR. Research Analyst (Decision, Risk and Operations Analyst) Jpmorgan Chase & Co. New York, NY Mar 16, 2016 $200,000
Senior International Research Analyst The Boston Company Asset Management LLC Boston, MA Jul 22, 2015 $200,000
Senior Research Analyst (Small Company) Matthews International Capital Management, LLC San Francisco, CA Sep 14, 2015 $200,000
Senior Research Analyst Matthews International Capital Management, LLC San Francisco, CA May 16, 2016 $200,000
Senior Latin America Corporate Research Analyst JP Morgan Chase & Co New York, NY Apr 20, 2016 $185,000
Executive Director, Senior Research Analyst Jpmorgan Chase & Co. New York, NY May 08, 2016 $185,000
Senior Research Analyst Equity Bank of America New York, NY Apr 24, 2015 $180,000
SR Research Analyst, AVP Oppenheimerfunds, Inc. New York, NY Sep 30, 2016 $175,000
Senior Analyst-Loan Investment Research Invesco Group Services, Inc. New York, NY Jul 27, 2016 $175,000
Senior Quantitative and Research Analyst Ginkgo, LLC Incline Village, NV Aug 17, 2015 $100,000 -
$160,000
Senior Quantitative Research Analyst Alphacrest Capital Management, LLC New York, NY Sep 08, 2015 $100,000 -
$180,000
Senior Research Analyst Mezocliq LLC New York, NY Sep 05, 2015 $100,000
Senior ETP Analyst, Research & Analytics FTSE Americas Inc. New York, NY Jan 28, 2016 $100,000
Senior Research Analyst McKinsey & Company, Inc. United States Waltham, MA Sep 01, 2015 $99,404
Senior Research Analyst McKinsey & Company, Inc. United States Washington, DC May 05, 2015 $99,100
Senior Quantitative Research Analyst State Street Bank and Trust Company New York, NY Dec 29, 2016 $98,000 -
$148,000
Senior Analyst, Applied Research American Healthways Services LLC Franklin, TN May 01, 2016 $97,673
Senior Research Analyst Lightspeed Online Research LLC New York, NY Aug 23, 2015 $79,270
Senior Clinical Research Budget Analyst Memorial Sloan-Kettering Cancer Center New York, NY Feb 15, 2016 $78,935
Senior Research Analyst Lightspeed Online Research LLC New York, NY Aug 23, 2015 $77,600
Senior Research Analyst I Arbor Research Collaborative for Health Ann Arbor, MI Apr 12, 2015 $77,525
Senior Analyst, Operations Research Maximus, Inc. Austin, TX Sep 03, 2015 $77,500 -
$90,950
SR. Research and Evaluation Analyst (Statistician) Heartland Employment Services, LLC Toledo, OH Aug 01, 2015 $77,219 -
$87,654
Senior Research Analyst Mergermarket (U.S.) Ltd. New York, NY Jan 09, 2016 $77,000
Senior Research Analyst Dartmouth College Hanover, NH Jan 01, 2015 $76,731 -
$81,400

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AVERAGE SALARY FOR A Senior Research Analyst

Average Yearly Salary
$70,000
View Detailed Salary Report
$46,000
Min 10%
$70,000
Median 50%
$70,000
Median 50%
$70,000
Median 50%
$70,000
Median 50%
$70,000
Median 50%
$70,000
Median 50%
$70,000
Median 50%
$106,000
Max 90%
Best Paying Company
State Street
Highest Paying City
Providence, RI
Highest Paying State
Rhode Island
Avg Experience Level
3.3 years
How much does a Senior Research Analyst make at top companies?
The national average salary for a Senior Research Analyst in the United States is $70,684 per year or $34 per hour. Those in the bottom 10 percent make under $46,000 a year, and the top 10 percent make over $106,000.

How Would You Rate The Salary Of a Senior Research Analyst?

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Top Skills for A Senior Research Analyst

  1. Research Projects
  2. Financial Statements
  3. Data Entry
You can check out examples of real life uses of top skills on resumes here:
  • Directed several survey research projects simultaneously end-to-end, including survey design, data collection, analysis, and reporting.
  • Research involves analyzing company's financial statements, market conditions, regulatory and internal limits, and legal considerations if applicable.
  • Performed operational tasks as needed including calendaring and data entry, using Microsoft Office, and proprietary database software.
  • Supported over $15M in business development efforts and activities via proactive input to opportunities and specific business and strategy development.
  • Conduct media penetration and market share analysis.

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Top 10 Best States for Senior Research Analysts

  1. New York
  2. Connecticut
  3. New Jersey
  4. Texas
  5. Illinois
  6. Georgia
  7. Rhode Island
  8. California
  9. Minnesota
  10. Massachusetts
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Top Senior Research Analyst Employers

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