Product Analysts

Product Analysts Consider a New Product

Product analysts help companies improve their products and their customers' experience with the products and the company. They use data analysis software to research market trends and competitors' products and services, to determine areas in which their companies' products can be improved; they also identify potential new products. The job requires strong knowledge of product management and statistics, technology skills, and the ability to organize complex information into written reports. Approximately 7,000 logisticians (out of 160,000 employed in the United States) are employed in the production of durable goods, or products, and there are roughly 26,000 market research analysts (out of nearly 600,000). These jobs share some of the same tasks as those of product analysts.

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Quick Facts
Alternate Title(s) None
Duties Analyze companies' products to determine areas for improvement and identify potential new products; research market trends and needs as well as costs and logistics of product changes or new products
Salary Range $25,000 to $100,000
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities exist throughout the country, with many jobs in California, New York, Florida, Texas, and Pennsylvania
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Economics
  • Mathematics
  • Psychology
Experience Two or more years experience; on-the-job training
Personality Traits
  • Enterprising
  • Organized
  • Problem-Solving
Skills
  • Information Management
  • Math
  • Research
Certification or Licensing Recommended
Special Requirements None
Employment Prospects Good
Advancement Prospects Good
Outlook Much Faster than the Average
Career Ladder
  • Senior Product Analyst, Manager
  • Product Analyst
  • Junior Product Analyst
  • Intern

Related Industries