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.

EducationBachelor's Degree
Work/Life Balance
3.9 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience2-4 years

Product Analyst Salaries

Average Base Pay

£40,435 /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 Career Path

Learn how to become a Product Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L2
Product Analyst
£40,435/yr
L3
See Career Path

Product Analyst Insights

Read what Product Analyst professionals have to say about their job experiences and view top companies for this career.
GEICOGEICO
Product Modeling Analyst
3 Oct 2019

“Underwriting department is generally pretty chill and I enjoy most of the people I work with.”

Smart Energy WaterSmart Energy Water
Senior Product Analyst
19 Oct 2020

“The best advice would be to consider other options to work and avoid this place until the CEO is replaced.”

Optum Global SolutionsOptum Global Solutions
Senior Product Analyst
23 Dec 2021

“Sodexo benefit range should be increased to good amount currently I feel it is the lowest in industry”

RedSail TechnologiesRedSail Technologies
Product Analyst
9 Jul 2021

“Salary was not on par with current job taken with a lower position in the same field.”

Cognizant Technology SolutionsCognizant Technology Solutions
Product Analyst
2 Sep 2020

“Good good good good good”

AtlassianAtlassian
Product Analyst
2 Mar 2021

“Great culture and the best people to work with in my life!”

AllianceBernsteinAllianceBernstein
Product Analyst
20 Jul 2021

“great career development and coaching style”

Johnson & JohnsonJohnson & Johnson
Product Analyst Intern
23 Nov 2021

“great work and life balance”

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Product Analyst Interviews

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Product Analyst jobs

Frequently asked questions about the role and responsibilities of a product analyst

When working as a product analyst, the most common skills you will need to perform your job and for career success are LEAN Agile, Agile Scrum, Agile Software Development, Interpersonal and Communication and Writing.

The most similar professions to product analyst are:
  • Process Analyst
  • Operations Analyst
  • Business Analyst
  • Digital Marketing

The most common qualifications to become a product analyst is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.