Salary for Entry-level / Junior Product Analyst in United States during 2024

Salary details

The average entry-level / junior Product Analyst salary lies between USD 81,000 and USD 143,100 in the United States. 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. 24, 2024

Top 20 Job Tags for Entry-level / Junior Product Analyst roles

The three most common job tag items assiciated with entry-level / junior Product Analyst job listings are Python, SQL and Tableau. 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:

Python | 74 jobs SQL | 73 jobs Tableau | 53 jobs Statistics | 51 jobs Engineering | 46 jobs R | 39 jobs Machine Learning | 36 jobs Data analysis | 34 jobs Testing | 33 jobs Data visualization | 33 jobs Computer Science | 32 jobs Power BI | 29 jobs A/B testing | 27 jobs Research | 26 jobs Mathematics | 26 jobs Agile | 19 jobs Excel | 19 jobs UX | 16 jobs KPIs | 15 jobs Looker | 14 jobs

Top 20 Job Perks/Benefits for Entry-level / Junior Product Analyst roles

The three most common job benefits and perks assiciated with entry-level / junior Product Analyst job listings are Career development, Startup environment and Competitive pay. 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 | 70 jobs Startup environment | 31 jobs Competitive pay | 24 jobs Team events | 22 jobs Health care | 21 jobs Flex hours | 18 jobs Salary bonus | 16 jobs Equity / stock options | 12 jobs Lunch / meals | 11 jobs Flex vacation | 10 jobs Wellness | 9 jobs Medical leave | 9 jobs Insurance | 9 jobs Parental leave | 8 jobs Gear | 8 jobs Yoga | 5 jobs 401(k) matching | 4 jobs Transparency | 3 jobs Relocation support | 3 jobs Pet friendly | 3 jobs

Salary Composition for Entry-level/Junior Product Analyst Roles

The salary for an entry-level or junior product analyst in AI/ML/Data Science typically comprises a base salary, bonuses, and additional remuneration such as stock options or benefits. The base salary is the fixed component and usually forms the largest part of the total compensation package. Bonuses can vary significantly depending on the company’s performance, individual performance, and industry standards. In tech hubs like Silicon Valley, bonuses might be more substantial compared to other regions. Additional remuneration can include stock options, especially in startups or tech companies, and benefits such as health insurance, retirement plans, and professional development funds. Larger companies might offer more comprehensive benefits packages, while smaller companies or startups might compensate with equity options.

Steps to Increase Salary from an Entry-level Position

To increase your salary from an entry-level position, consider the following strategies:

• Skill Enhancement: Continuously upgrade your skills in AI/ML and data science. Mastering advanced tools and techniques can make you more valuable to your employer.
• Networking: Build a strong professional network. Engaging with industry professionals can open up opportunities for higher-paying roles.
• Performance Excellence: Consistently exceed performance expectations. Demonstrating your impact on projects can position you for promotions and salary increases.
• Further Education: Pursue advanced degrees or certifications that are relevant to your field. This can make you eligible for more senior roles.
• Industry Transition: Consider moving to industries that pay higher salaries for similar roles, such as finance or tech.

Educational Requirements for Entry-level/Junior Product Analyst Roles

Most entry-level or junior product 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 might accept degrees in business or economics if supplemented with relevant technical skills. A strong foundation in quantitative analysis and familiarity with programming languages like Python or R is often expected. While a master’s degree is not always necessary, it can be advantageous and may lead to higher starting salaries.

Helpful Certifications for Product Analysts

Certifications can enhance your resume and demonstrate your commitment to professional development. 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 applying data science techniques on Azure.
• AWS Certified Machine Learning – Specialty: Demonstrates expertise in building, training, and deploying machine learning models on AWS.

Experience Requirements for Entry-level/Junior Product Analyst Roles

For entry-level positions, employers typically look for candidates with some practical experience, which can be gained through internships, co-op programs, or relevant project work during your studies. Experience with data analysis, statistical modeling, and familiarity with data visualization tools like Tableau or Power BI is often required. While direct work experience in a similar role is beneficial, demonstrating a strong understanding of the industry and the ability to learn quickly can also be valuable.

Related salaries

Want to contribute?