What does a Product Analyst do?

Product analysts utilize market data to help companies develop marketing strategies for a product by comparing a company's product and industry trends and ensuring that a product is most suitable and profitable.

Product analysts evaluate company products to understand the product and see if it will meet the company’s current and future needs. They also assist with product ratings and reviews. They analyze metrics to continually improve products while developing and overseeing small-to-medium-scale projects. They work with other departments to enhance the analysis and presentation of a product. They contribute to operations including costing, inventory control, planning, and budgeting. They work with data analysis software to determine a product's potential sales and profitability and monitor its performance to define strategies that improve the products’ performance. A product analyst needs a minimum bachelor's degree in business, economics, mathematics, or related fields.

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Average Years of Experience

0 - 1
33%
2 - 4
54%
5 - 7
8%
8+
5%

Common Skill Sets

LEAN Agile
Agile Scrum
Agile Software Development
Interpersonal and Communication
Writing
Jd MBA
EXCEL
Microsoft Office

Product Analyst Seniority Levels

L2
Product Analyst
£40,489/yr
Process Analyst
3% made the transition
Operations Analyst
11% made the transition
See Career Path

Product Analyst Salaries

Average Base Pay

£40,489 /yr
Same as national average
Not including cash compensation
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£27K
Median: £40K
£60K
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Glassdoor Estimated Salary

Product Analyst jobs

Product Analyst Interviews