Research Analyst Salary by Experience and Location

What Do Research Analysts Do?

Research analysts are the people who research and compile information for the company that they work for. They gather data, analyze it and report their findings to their supervisors. They can work in various industries such as finance, retail, technology, or any other industry that requires data analysis.

Research analysts perform many different tasks depending on their role within an organization. Some research analysts may be involved in market research, where they collect data about customer preferences and attitudes toward products or services offered by a company. 

Other research analysts may be responsible for gathering information about competitors so that it can be used when developing new products or services the company provides.

Research analysts may also conduct surveys among customers or employees if they want feedback about existing products or services offered by a company and potential new ones that could be provided in the future.

Research Analyst Salary According to Location and Experience

Research Analyst Salary in the US

Entry-Level

Research analysts are very much in demand and make a lot of money. If you're interested in becoming research analyst, keep reading to learn more about how much research analysts can expect to earn.

The average salary of a research analyst is $69,011. Entry-level research analysts earn around $40,000 annually,

Experienced

Mid-level research analysts earn around $60,000 annually, and senior-level research analysts earn about $80,000 annually.

Research Analyst Salary in India

Entry-Level

Research Analyst Salary in India ranges between ₹ 1.8 Lakhs to ₹ 8.5 Lakhs with an average annual salary of ₹ 3.2 Lakhs. The median wage is ₹ 1.8 Lakhs per annum, and the most common salary is ₹ 5.8 Lakhs per annum. 

The research analyst's job market has been increasing over the past five years, and this trend is expected to rise for the next seven years.

Experienced

Research Analyst is a professional position that requires a bachelor's degree in business, economics, or a related field. The average starting salary for a Research Analyst with up to 5 years of experience working full-time is around ₹ 8.5 Lakhs, with an annual average wage of ₹ 3.2 Lakhs.

Research Analyst Salary in the UK

Entry-Level

Research Analyst is one of the best bets if you're looking for a research analyst job in the UK. According to Payscale's salary report, the average salary is £29,875 a year, and entry-level analysts can earn as much as £27,000.

Experienced

The growth potential is also high—experienced research analysts can earn between £30,000 and £48,000 annually in the UK.

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FAQs

1. Do research analysts get paid well?

To earn the most money as a Research Analyst, you should become an experienced one.

According to the research firm AmbitionBox, mid-career Research Analysts with 4-9 years of experience earn an average salary of ₹5.9 Lakhs per year, while experienced Research Analysts with 10-20 years of experience earn an average wage of ₹10.8 Lakhs per year.

2. What does a research analyst do?

A research analyst identifies and analyzes data, then uses that information to make recommendations. They're usually employed in research and development or marketing, but they can also be found in other industries.

3. Is a research analyst an excellent job?

Yes, being a research analyst is an excellent job.

A research analyst is a person who works in the business field of market research and analysis. They are responsible for collecting and analyzing data to provide information and insights to their clients. Research analysts may work at various companies, such as financial institutions, consulting firms, marketing agencies, and government agencies.

4. What qualifications do you need to be a research analyst?

To be a research analyst, you must have a bachelor's degree in economics, finance, or business administration. If you have an advanced degree in one of those areas, you will be advantaged when applying for jobs.

It would help if you also had experience working with data and building models. It can include work experience at a company or organization that collects and analyzes its data. You will also need to write well to explain your findings to clients and other stakeholders.

5. Do I need a degree to be a research analyst?

You can do without a degree to be a research analyst.

There is no formal requirement for becoming a research analyst, and many people have made careers in this field without formal education. However, we recommend getting at least some degree, like a proper certification.