Research Analyst Overview Though Research Analyst job descriptions vary by industry, all analyst positions require ...
Research Analyst Overview
Though Research Analyst job descriptions vary by industry, all analyst positions require that the employee interpret, manage and analyze data. Research analysts for marketing firms may analyze data to determine the return on investment, or ROI, for advertising campaigns. The job description for a research analyst for a pharmaceutical company might include creating and managing drug research and trials. Companies often differentiate between senior- and junior-level analyst positions, with the junior-level positions usually offering entry-level salaries and benefits to individuals beginning their careers. Research analysts can be employed in any sector that actively collects and processes data.
Research Analyst Education Requirements
Generally, research analyst positions require at least a four-year degree in a field of study that is commensurate with the position requirements. In addition to familiarity with data sets and excellent analytic proficiency, Research Analysts often must be proficient in math and computer skills. Additional skills required for the position of research analyst include effective oral and written communication, knowledge of business processes and excellent critical thinking skills. Senior-level analyst positions may require a master's degree or above.
Research Analyst Job Market
Job prospects for research analysts are promising for the next 10 years, according to the current research. Positions in marketing research are expected to rise by as much as 32 percent by 2022.
Research Analyst Salary
Just as job duties can vary greatly between industries for research analysts, so can salaries. Typically, the highest paying jobs for research analysts are in the pharmaceutical and health care industries. Marketing companies and market research firms hire research analysts. Studies show that the median salary for all Research Analyst positions is $55,000 per year. However, salaries can range from nearly $30,000 to $70,000 or more per year.