What is a product analyst and how to become one

Updated January 8, 2025
4 min read
Quoted Experts
Erik Johnson Ph.D.,
Patrick Lindsay
introduction image

A product analyst evaluates market trends, customer needs, and product data to develop and improve products. This includes researching competitors, gathering feedback, and collaborating with cross-functional teams. The product analyst also conducts market research to identify trends, translates data into insights, and develops product strategies. They work with product managers to meet customer needs and align with the company's goals. A successful product analyst has analytical skills, attention to detail, and the ability to communicate findings.

What general advice would you give to a Product Analyst?

E

Erik Johnson Ph.D.Erik Johnson Ph.D. LinkedIn Profile

Assistant Professor of Economics, Carthage College

Economics gives you a set of tools to analyze a variety of policy and business problems. However, determining which tools to apply in which situation requires that you learn the industry, you are working from top to bottom. When you begin a new job in a new field, be sure to do everything you can to understand how the organization and the industry work to understand the primary incentives that everyone faces. One right way to do this is to make as many connections within the company you are working for as possible, and always be on the lookout for new opportunities within the company and how they can help you learn more. Moreover, do your best to ensure that a significant portion of your job involves some creative endeavors, such as economic modeling or building tools for yourself or others to use. As computing power continues to become cheaper, and artificial intelligence becomes more advanced, relatively repetitive tasks become more comfortable and easier to automate. Therefore, you will have less job security. Creative tasks, such as modeling and tool building, are difficult to automate and are more likely to provide you with more satisfaction.
ScoreProduct AnalystUS Average
Salary
6.2

Avg. Salary $79,316

Avg. Salary $59,228

Stability Level
6.8

Growth Rate 11%

Growth Rate 0.3%

Diversity
5.9
Race

American Indian and Alaska Native 0.17%

Asian 14.64%

Black or African American 7.58%

Hispanic or Latino 8.55%

Unknown 4.45%

White 64.62%

Gender

female 46.78%

male 53.22%

Age - 43
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43
Stress Level
6.8

Stress level is high

7.1 - high

Complexity Level
8.7

Complexity Level is advanced

7 - challenging

Work Life Balance
2.2

Work Life balance is very poor

6.4 - fair

What are the pros and cons of being a Product Analyst?

Pros

  • Chance to analyze and solve complex problems

  • High demand for product analysts in the job market

  • Data-driven decision making

  • Opportunities for career growth and promotion

  • Competitive salaries and benefits

Cons

  • May require working long hours or weekends during peak times

  • May need to work with difficult stakeholders or team members

  • Can be frustrating when results don't match expectations

  • May require extensive documentation and reporting

  • Can involve repetitive or tedious tasks

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Product Analyst career paths

Key steps to become a product analyst

  1. Explore product analyst education requirements

    Most common product analyst degrees

    Bachelor's

    73.5 %

    Master's

    14.7 %

    Associate

    8.1 %
  2. Start to develop specific product analyst skills

    Skills
    ascdesc
    Percentages
    ascdesc
    Tableau6.88%
    Data Analysis5.92%
    Product Management5.91%
    Product Development5.24%
    PowerPoint5.06%
  3. Complete relevant product analyst training and internships

    Accountants spend an average of 6-12 months on post-employment, on-the-job training. New product analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a product analyst based on U.S. Bureau of Labor Statistics data and data from real product analyst resumes.
  4. Research product analyst duties and responsibilities

    • Manage CRM development teams in India.
    • Use the SoapUI tool to automate the API calls relate to the corresponding UI functions.
    • Document test procedures to ensure reliability and compliance with standards using JIRA to report and manage bugs.
    • Work as a team to manage a student-run portfolio by researching and debating various securities for the benefit of the fund.
  5. Prepare your product analyst resume

    When your background is strong enough, you can start writing your product analyst resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a product analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose From 10+ Customizable Product Analyst Resume templates

    Build a professional Product Analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Product Analyst resume.
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    Product Analyst Resume
    Product Analyst Resume
  6. Apply for product analyst jobs

    Now it's time to start searching for a product analyst job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How Did You Land Your First Product Analyst Job

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Average product analyst salary

The average Product Analyst salary in the United States is $79,316 per year or $38 per hour. Product analyst salaries range between $56,000 and $111,000 per year.

Average Product Analyst Salary
$79,316 Yearly
$38.13 hourly

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How do product analysts rate their job?

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Product Analyst reviews

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A zippia user wrote a review on Jun 2019
Pros

Everyday is different & it’s more of an art than a science.


profile
A zippia user wrote a review on Apr 2019
Cons

Too much detail oriented


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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