What does a Market Analyst do?

Market analysts study market conditions to examine potential sales of products or services. They help companies understand the products people want, target demographics for purchasing the products, and the necessary price points. They monitor and forecast marketing and sales trends and measure the effectiveness of marketing programs and strategies. They research and collect data to help companies market their products and services, and consider data including consumer demographics, preferences, needs, or buying habits.

Market analysts gather their information through interviews, questionnaires, focus groups, and public opinion polls. They help determine the company’s position in a marketplace by researching competitors and analyzing them for prices, sales, and marketing methods. Their research informs potential markets, product demand, and pricing. Market analysts need a bachelor’s degree in market research or related fields including statistics, math, or computer science. Some market analysts also go for voluntary certification.

Education--
Work/Life Balance
3.9 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience2-4 years

Market Analyst Salaries

Average Base Pay

$3,500 /month
Same as national average
Not including cash compensation
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$1K
Median: $4K
$10K
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Glassdoor Estimated Salary

Market Analyst Career Path

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

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Market Analyst Insights

Read what Market Analyst professionals have to say about their job experiences and view top companies for this career.
British GasBritish Gas
Insight Analyst
5 Aug 2019

“There is some great experience in the workforce and you will work with some of the best in the industry”

VTEXVTEX
Senior Executive Marketplace Analyst
8 Oct 2020

“The technology is rock solid and some of the talent is the best you'll find in the world.”

Phoenix CoyotesPhoenix Coyotes
Digital Marketing Analyst
23 Aug 2020

“It was a great experience in the working environment and full of learning opportunities as a college graduate.”

StravaStrava
Growth Marketing Analyst
12 Feb 2020

“JAMS is a great opportunity to own your own projects and make an impact directly.”

Victoria's SecretVictoria's Secret
Marketing Analyst
17 Jul 2019

“Victoria’s Secret provides many opportunities to grow within your role and the organization as a whole.”

Gerber LifeGerber Life
Senior Marketing Analyst
5 Jun 2019

“Was great when I started but when CEO retired the place was not managed well.”

TargetTarget
Senior Insights Analyst
9 Nov 2021

“Huge potential for career growth even if you want to completely change what you’re doing.”

Live Nation EntertainmentLive Nation Entertainment
Digital Marketing Analyst
25 Aug 2019

“It's a great place to start your career or get exposed to the music industry.”

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Market Analyst Interviews

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