Insight Analyst Salary in 2023

Salary details

The average Insight Analyst salary lies between USD 43,064 and USD 51,676 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 17, 2024

Salary trend

Top 20 Job Tags for Insight Analyst roles

The three most common job tag items assiciated with Insight Analyst job listings are SQL, Excel and Research. Below you find a list of the 20 most occuring job tags in 2023 and the number of open jobs that where associated with them during that period:

SQL | 89 jobs Excel | 73 jobs Research | 47 jobs Python | 45 jobs Data analysis | 42 jobs Statistics | 41 jobs Tableau | 40 jobs E-commerce | 35 jobs Testing | 33 jobs Power BI | 32 jobs CX | 32 jobs Economics | 27 jobs Business Intelligence | 20 jobs Data Analytics | 20 jobs Finance | 20 jobs R | 18 jobs KPIs | 17 jobs Market research | 17 jobs Engineering | 16 jobs BigQuery | 11 jobs

Top 20 Job Perks/Benefits for Insight Analyst roles

The three most common job benefits and perks assiciated with Insight Analyst job listings are Career development, Flex hours and Salary bonus. Below you find a list of the 20 most occuring job perks or benefits in 2023 and the number of open jobs that where offering them during that period:

Career development | 97 jobs Flex hours | 66 jobs Salary bonus | 50 jobs Team events | 48 jobs Parental leave | 41 jobs Medical leave | 40 jobs Flex vacation | 37 jobs Startup environment | 31 jobs Health care | 29 jobs Competitive pay | 25 jobs Equity / stock options | 17 jobs Insurance | 14 jobs Fitness / gym | 8 jobs Wellness | 5 jobs Travel | 5 jobs Home office stipend | 5 jobs Snacks / Drinks | 4 jobs Yoga | 4 jobs Relocation support | 3 jobs Unlimited paid time off | 3 jobs

Salary Composition for Insight Analyst Roles

The salary composition for an Insight Analyst can vary significantly based on factors such as region, industry, and company size. Typically, the salary is divided into a fixed base salary, performance-based bonuses, and additional remuneration such as stock options or benefits. In regions with a high cost of living, such as major metropolitan areas in the United States or Western Europe, the base salary tends to be higher to compensate for living expenses. In contrast, regions with a lower cost of living may offer a smaller base salary but potentially higher bonuses to attract talent.

Industries like finance and technology often provide more lucrative compensation packages, including substantial bonuses and stock options, compared to sectors like education or non-profit organizations. Larger companies may offer more comprehensive benefits and bonuses, while smaller companies might provide equity or stock options as part of the compensation package to attract skilled professionals.

Steps to Increase Salary from an Insight Analyst Position

To increase your salary from an Insight Analyst position, consider the following strategies:

• Skill Enhancement: Continuously update and expand your skill set, particularly in high-demand areas such as machine learning, data visualization, and advanced statistical analysis.
• Advanced Education: Pursue further education, such as a master's degree or specialized certifications, to enhance your qualifications and make you more competitive for higher-paying roles.
• Networking: Build a strong professional network within the industry to learn about new opportunities and gain insights into salary trends.
• Performance Excellence: Consistently exceed performance expectations and take on additional responsibilities to demonstrate your value to the organization.
• Negotiation: Develop strong negotiation skills to effectively advocate for salary increases during performance reviews or when offered new positions.

Educational Requirements for Insight Analyst Positions

Most Insight Analyst positions require at least a bachelor's degree in a relevant field such as data science, computer science, statistics, mathematics, or economics. A strong foundation in quantitative analysis and data interpretation is essential. Some employers may prefer candidates with a master's degree, especially for more advanced roles or in highly competitive industries.

Helpful Certifications for Insight Analysts

While not always mandatory, certain certifications can enhance your credentials and demonstrate your expertise to potential employers. Some valuable certifications include:

• Certified Analytics Professional (CAP): Validates your ability to transform data into valuable insights.
• Microsoft Certified: Azure Data Scientist Associate: Demonstrates proficiency in using Azure for data science tasks.
• Google Data Analytics Professional Certificate: Offers foundational knowledge in data analysis using Google tools.
• SAS Certified Data Scientist: Focuses on data manipulation, predictive modeling, and machine learning using SAS software.

Experience Requirements for Insight Analyst Roles

Typically, entry-level Insight Analyst positions require 1-3 years of experience in data analysis or a related field. This experience can be gained through internships, co-op programs, or entry-level roles in data-driven environments. For more senior positions, employers may seek candidates with 3-5 years of experience, including demonstrated expertise in data modeling, statistical analysis, and business intelligence.

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