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.

What responsibilities are common for Market Analyst jobs?
  • Prepare models in support of marketing and midstream development projects.
  • Compile and understand market data in support of marketing efforts.
  • Leading contributor individually and as a team member, providing direction and mentoring to others.
  • Support business initiatives by identifying key trends in big data that can drive growth for the business.
  • Identify, evaluate, and recommend marketing opportunities in support of product line objectives.
  • Preparation, review, briefing, and filing of contractual documents and related activities.
  • Development and implementation of business plans, marketing strategy, and forecasts for a product/service or vertical market.
  • Keep abreast of digital trends and best practices across digital media, CMR, and offline.
  • Assist in the development and creation of client marketing materials.
  • Manage the quality of inbound and outbound traffic and optimize toward business targets daily.
  • Analyze performance trends and identify areas of opportunity to solve a business problem.
  • Partner with multi-disciplinary teams to identify and resolve business short-falls and build upon wins.
  • Maintain current status of customer specifications for existing and future products.
  • Responsible for maintaining geographical territory assignment across channels and providing analysis and reporting of market coverage and major account bid opportunities.
  • Demonstrate consistent, outstanding judgment, honesty and integrity in all aspects of job performance.
  • Work with internal stakeholders and external partners on conducting analysis and communicate insights.
  • Assist in the performance maximization of campaigns across existing and emerging social platforms.
  • Acquire and maintain a database of external information to develop market intelligence and knowledge of market fundamentals.
What are the typical qualifications for Market Analyst jobs?
  • Bachelor's or Graduate's Degree in information systems, computer science, or engineering or equivalent experience.
  • Experience with Google Analytics.
  • Fluency in statistics, machine learning, and datasets.
  • A critical thinker and problem solver who pays strict attention to detail.
  • Demonstrated dedication to the studying and furthering of hypotheses.
  • Comfortable with prioritization of tasks alongside root cause analysis and decision making.
  • Experience in a consulting position.
  • Fluent in Adobe Analytics, Python, SQL, and R Language.
  • Demonstrated leadership and decision making skills.
Education--
Work/Life Balance
3.9 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience2-4 years

Market Analyst Salaries

Average Base Pay

€50,752 /yr
Same as national average
Not including cash compensation
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€32K
Median: €51K
€67K
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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.

Average Years of Experience

0 - 1
33%
2 - 4
55%
5 - 7
5%
8+
7%
Not including years spent in education and/or training
See Career Path

Market Analyst Insights

Read what Market Analyst professionals have to say about their job experiences and view top companies for this career.
Whirlpool CorporationWhirlpool Corporation
Senior Digital Analyst
6 Apr 2022

“The individuals I work with are some of the best and supportive groups I have ever worked with.”

DriftrockDriftrock
Growth Marketing Analyst
1 Apr 2022

“Great culture and flexibility to do your job however and wherever you're comfortable from.”

StravaStrava
Growth Marketing Analyst
12 Feb 2020

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

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.”

Copper MobileCopper Mobile
Digital Marketing Analyst
12 May 2021

“I am grateful to Rupak Lohit for his guidance and support in helping me choose my career path.”

Intuitive DigitalIntuitive Digital
Digital Analyst
17 Mar 2022

“Team members have no issue lending a hand when you get stuck which is super helpful.”

TargetTarget
Senior Insights Analyst
9 Nov 2021

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

ATCSATCS
Digital Analyst
1 Sept 2021

“Good learning and future is good”

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Market Analyst Interviews

Frequently asked questions about the role and responsibilities of a Market Analyst

The most similar professions to Market Analyst are:
  • Digital Marketing
  • Marketing Coordinator
  • Sales And Marketing
  • Marketing Manager

Related Careers

Digital Marketing
€34,572
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Sales And Marketing
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Market Analyst jobs