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The differences between senior research analysts and product analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior research analyst, becoming a product analyst takes usually requires 2-4 years. Additionally, a product analyst has an average salary of $79,316, which is higher than the $75,056 average annual salary of a senior research analyst.
The top three skills for a senior research analyst include analytics, data analysis and data collection. The most important skills for a product analyst are tableau, data analysis, and product management.
| Senior Research Analyst | Product Analyst | |
| Yearly salary | $75,056 | $79,316 |
| Hourly rate | $36.08 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 71,891 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
The duties of a senior research analyst depend on one's line of work or industry of employment. Typically, their responsibilities revolve around coordinating with different departments to gather necessary data, performing research and analysis to identify consumer and market needs, finding new business opportunities, and devising strategies to optimize workflow and workforce processes. Furthermore, as a senior research analyst, it is essential to lead and encourage the team members and serve as a mentor to junior analysts, all while implementing the company's policies and regulations.
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
Senior research analysts and product analysts have different pay scales, as shown below.
| Senior Research Analyst | Product Analyst | |
| Average salary | $75,056 | $79,316 |
| Salary range | Between $57,000 And $98,000 | Between $56,000 And $111,000 |
| Highest paying City | Olympia, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | JPMorgan Chase & Co. | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a senior research analyst and a product analyst in terms of educational background:
| Senior Research Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior research analysts' and product analysts' demographics:
| Senior Research Analyst | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 54.1% Female, 45.9% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.1% White, 65.0% American Indian and Alaska Native, 0.1% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |