Insight Analyst Salary in United Kingdom during 2024

Salary details

The average Insight Analyst salary lies between USD 49,238 and USD 63,825 in the United Kingdom. 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.

Region represents the primary country of residence of an employee during the year (or residence for tax purposes). 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 | 146 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 Economics | 33 jobs Data Analytics | 33 jobs Mathematics | 33 jobs Finance | 32 jobs KPIs | 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 | 117 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 the UK can vary significantly based on factors such as region, industry, and company size. Typically, the salary is composed of a fixed base amount, which forms the bulk of the compensation package. In larger metropolitan areas like London, the base salary might be higher to account for the cost of living. Bonuses are often performance-based and can vary from 5% to 20% of the base salary, depending on the company's performance and individual contributions. Additional remuneration might include stock options, especially in tech companies, or other benefits like health insurance, pension contributions, and travel allowances. In smaller companies or startups, the fixed salary might be lower, but there could be more significant equity options or bonuses tied to company growth.

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 data analysis, machine learning, and programming languages like Python or R. Mastery of advanced analytics tools and platforms 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 technologies. Specialization can make you indispensable and justify a higher salary.
• Networking and Professional Development: Attend industry conferences, workshops, and seminars to expand your professional network. Engaging with industry leaders can open up opportunities for higher-paying roles.
• Advanced Education: Consider pursuing a master's degree or a Ph.D. in data science or a related field. Higher education credentials can lead to more senior roles with better pay.
• Leadership Roles: Aim for leadership or managerial positions within your organization. These roles typically come with higher salaries and additional responsibilities.

Educational Requirements for Insight Analyst Positions

Most Insight Analyst roles 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 manipulation is essential. Some positions may prefer candidates with a master's degree, especially for roles that involve complex data modeling and machine learning tasks. Additionally, coursework or experience in business analytics can be beneficial, as it helps in understanding the business context of data insights.

Helpful Certifications for Insight Analysts

Certifications can enhance your credibility and demonstrate your commitment to the field. Some valuable certifications include:

• Certified Analytics Professional (CAP): This certification is recognized globally and covers a broad range of analytics skills.
• Microsoft Certified: Azure Data Scientist Associate: Useful if you work with Microsoft's Azure platform.
• Google Professional Data Engineer: Ideal for those working with Google Cloud services.
• AWS Certified Data Analytics – Specialty: Beneficial for roles involving Amazon Web Services.
• SAS Certified Data Scientist: Focuses on using SAS tools for data science tasks.

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 junior analyst roles. For more senior positions, 3-5 years of experience is often required, with a proven track record of delivering actionable insights and working on complex data projects. Experience in specific industries, such as finance, healthcare, or retail, can also be advantageous.

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