Insight Analyst Salary in 2024

Salary details

The average Insight Analyst salary lies between USD 56,250 and USD 96,000 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 Statistics. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

SQL | 147 jobs Excel | 134 jobs Statistics | 92 jobs Python | 87 jobs Research | 87 jobs Data analysis | 74 jobs Power BI | 73 jobs Tableau | 72 jobs Testing | 50 jobs R | 43 jobs E-commerce | 39 jobs Market research | 35 jobs Mathematics | 34 jobs Economics | 33 jobs Data Analytics | 33 jobs KPIs | 33 jobs Finance | 32 jobs Agile | 31 jobs Data visualization | 31 jobs Business Intelligence | 28 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 2024 and the number of open jobs that where offering them during that period:

Career development | 162 jobs Flex hours | 118 jobs Salary bonus | 76 jobs Health care | 73 jobs Team events | 60 jobs Startup environment | 58 jobs Medical leave | 57 jobs Competitive pay | 44 jobs Parental leave | 38 jobs Flex vacation | 37 jobs Insurance | 31 jobs Equity / stock options | 21 jobs Fitness / gym | 17 jobs Wellness | 10 jobs Relocation support | 9 jobs 401(k) matching | 7 jobs Travel | 7 jobs Conferences | 7 jobs Home office stipend | 6 jobs Snacks / Drinks | 5 jobs

Salary Composition for Insight Analyst Roles

The salary composition for an Insight Analyst in AI/ML/Data Science typically includes a fixed base salary, performance-based bonuses, and additional remuneration such as stock options or benefits. The fixed base salary often constitutes the majority of the total compensation package. Bonuses can vary significantly depending on the company's performance, individual performance, and industry standards. In tech-heavy regions like Silicon Valley, bonuses and stock options might form a larger portion of the total compensation compared to other regions. In contrast, smaller companies or startups might offer lower base salaries but compensate with equity or stock options. Industry also plays a role; for instance, finance and tech industries might offer higher bonuses compared to non-profit sectors. Company size can influence the package as well, with larger companies typically offering more comprehensive benefits and bonuses.

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 upgrade your skills in advanced data analytics, machine learning, and AI tools. Proficiency in programming languages like Python or R, and expertise in data visualization tools can make you more valuable.
• Specialization: Develop expertise in a niche area within data science, such as natural language processing, computer vision, or big data analytics.
• Networking: Build a strong professional network by attending industry conferences, joining relevant online forums, and connecting with peers on platforms like LinkedIn.
• Advanced Education: Pursue further education, such as a master's degree or specialized certifications, to enhance your qualifications.
• Leadership Skills: Develop leadership and project management skills to position yourself for roles with more responsibility and higher pay.
• Performance Excellence: Consistently exceed performance expectations to be considered for promotions and salary increases.

Educational Requirements for Insight Analyst Roles

Most Insight Analyst positions require at least a bachelor's degree in a relevant field such as computer science, data science, statistics, mathematics, or engineering. Some roles may prefer or require a master's degree, especially for more advanced positions. A strong foundation in quantitative analysis, statistical methods, and data manipulation is essential. Coursework in machine learning, data mining, and database management can also be beneficial.

Helpful Certifications for Insight Analysts

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.
• Google Data Analytics Professional Certificate: Offers foundational skills in data analysis.
• Microsoft Certified: Azure Data Scientist Associate: Focuses on using Azure to build and deploy machine learning models.
• AWS Certified Machine Learning – Specialty: Demonstrates expertise in building, training, and deploying machine learning models on AWS.

Experience Requirements for Insight Analyst Roles

Typically, entry-level Insight Analyst roles require 1-3 years of experience in data analysis or a related field. Experience with data manipulation, statistical analysis, and data visualization is crucial. For more senior positions, 3-5 years of experience may be required, along with a proven track record of delivering actionable insights from data.

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