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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

  • $88,000

    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
Research Manager Research Director Director
Director Of Strategy
11 Yearsyrs
Senior Analyst Manager Marketing Director
Senior Director Of Marketing
12 Yearsyrs
Senior Analyst Manager Product Manager
Product Management Director
12 Yearsyrs
Senior Analyst Manager Project Manager
Engagement Manager
9 Yearsyrs
Research Manager Marketing Manager Product Marketing Manager
Senior Product Marketing Manager
10 Yearsyrs
Research Manager Marketing Manager Marketing Director
Director, Global Marketing
12 Yearsyrs
Project Manager Product Manager Marketing Manager
Brand Marketing Manager
6 Yearsyrs
Project Manager Owner Marketing Director
Brand Director
10 Yearsyrs
Product Manager General Manager Senior Manager
Director Of Analytics
12 Yearsyrs
Portfolio Manager Senior Project Manager Senior Manager Of Marketing
Senior Manager-Digital Marketing
9 Yearsyrs
Portfolio Manager Senior Project Manager Senior Product Manager
Marketing Lead
5 Yearsyrs
Senior Consultant Subject Matter Expert Senior Business Analyst
Analytical Manager
8 Yearsyrs
Senior Consultant Operations Manager Sales And Marketing Manager
Business Development And Marketing Manager
7 Yearsyrs
Senior Consultant Development Manager Brand Manager
Customer Marketing Manager
7 Yearsyrs
Market Research Manager Market Manager Marketing Communications Manager
Marketing Manager, Global Marketing
8 Yearsyrs
Senior Finance Analyst Planning Manager
Manager, Strategy
8 Yearsyrs
Market Research Manager Brand Manager Social Media Manager
Online Marketing Manager
5 Yearsyrs
Office Manager Communications Manager Social Media Manager
Marketing Strategist
6 Yearsyrs
Senior Marketing Analyst Senior Marketing Specialist Assistant Vice President, Marketing
Vice President, Strategy
13 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 3.5 years
Senior Analyst 3.3 years
Research Manager 3.2 years
Associate Analyst 2.4 years
Research Leader 2.1 years
Research Analyst 2.0 years
Top Careers Before Senior Research Analyst
Internship 7.1%
Analyst 5.2%
Consultant 3.4%
Associate 2.8%
Manager 2.0%
Top Careers After Senior Research Analyst
Consultant 8.4%
Manager 6.1%
Director 4.1%
Analyst 3.4%
Principal 3.0%

Do you work as a Senior Research Analyst?

Average Yearly Salary
$88,000
View Detailed Salary Report
$55,000
Min 10%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$140,000
Max 90%
Best Paying Company
Google
Highest Paying City
San Francisco, CA
Highest Paying State
Washington
Avg Experience Level
3.4 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 $88,165 per year or $42 per hour. Those in the bottom 10 percent make under $55,000 a year, and the top 10 percent make over $140,000.

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
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
SR. Research Analyst (Decision, Risk and Operations Analyst) Jpmorgan Chase & Co. New York, NY Mar 16, 2016 $200,000
Senior Research Analyst Matthews International Capital Management, LLC San Francisco, CA May 16, 2016 $200,000
Director, Senior Research Analyst River Birch Capital, LLC New York, NY Feb 28, 2016 $200,000
Executive Director, Senior Research Analyst Jpmorgan Chase & Co. New York, NY May 08, 2016 $185,000
Senior Latin America Corporate Research Analyst JP Morgan Chase & Co New York, NY Apr 20, 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 Research Analyst Matthews International Capital Management, LLC San Francisco, CA Sep 14, 2015 $175,000
Senior Research Analyst Mezocliq LLC New York, NY Sep 05, 2015 $100,000
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 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 Jan 05, 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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Top Skills for A Senior Research Analyst

  1. Market Research
  2. Financial Models
  3. Data Entry
You can check out examples of real life uses of top skills on resumes here:
  • Conducted quantitative and qualitative market research in an agency setting.
  • Identified relative-value and capital structure arbitrage opportunities through detailed financial models and in-depth analysis of companies and related industries.
  • Performed operational tasks as needed including calendaring and data entry, using Microsoft Office, and proprietary database software.
  • Designed and analyzed new product development involving conjoint analysis.
  • Directed several survey research projects simultaneously end-to-end, including survey design, data collection, analysis, and reporting.

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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
  • (1,390 jobs)
  • (236 jobs)
  • (504 jobs)
  • (1,204 jobs)
  • (819 jobs)
  • (487 jobs)
  • (53 jobs)
  • (2,592 jobs)
  • (353 jobs)
  • (920 jobs)

Senior Research Analyst Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 3,101 Senior Research Analyst resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Senior Research Analyst Resume

View Resume Examples

Senior Research Analyst Demographics

Gender

Male

47.5%

Female

41.9%

Unknown

10.6%
Ethnicity

White

57.3%

Asian

13.4%

Hispanic or Latino

13.2%

Black or African American

12.1%

Unknown

3.9%
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Foreign Languages Spoken

Spanish

30.7%

French

15.6%

Chinese

7.3%

German

7.3%

Mandarin

6.8%

Russian

4.7%

Korean

3.6%

Portuguese

3.6%

Japanese

3.6%

Hindi

2.6%

Cantonese

2.1%

Arabic

2.1%

Dutch

1.6%

Italian

1.6%

Hebrew

1.6%

Vietnamese

1.0%

Gujarati

1.0%

Urdu

1.0%

Czech

1.0%

Persian

1.0%
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Senior Research Analyst Education

Schools

New York University

11.4%

Columbia University

7.4%

University of Maryland - College Park

6.3%

University of Phoenix

6.3%

George Washington University

6.0%

Syracuse University

5.4%

Boston University

5.4%

Johns Hopkins University

4.7%

University of California - Berkeley

4.2%

Northwestern University

4.2%

Cornell University

4.2%

University of Chicago

4.2%

University of Texas at Austin

4.0%

DePaul University

4.0%

University of Florida

3.8%

Boston College

3.8%

Fordham University

3.8%

American University

3.8%

Villanova University

3.6%

University of Michigan - Ann Arbor

3.6%
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Majors

Business

21.6%

Finance

15.5%

Marketing

10.5%

Economics

7.8%

Psychology

4.7%

Accounting

4.4%

Political Science

4.1%

Management

4.0%

Statistics

3.5%

Communication

3.1%

Sociology

2.9%

Computer Science

2.2%

Experimental Psychology

2.2%

Mathematics

2.2%

English

2.1%

Law

2.0%

Criminal Justice

1.8%

Counseling Psychology

1.8%

Health Care Administration

1.8%

Chemistry

1.7%
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Degrees

Masters

45.1%

Bachelors

33.2%

Doctorate

8.3%

Other

7.8%

Certificate

2.9%

Associate

2.2%

Diploma

0.3%

License

0.2%
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