Market Research Analysts vs Financial Analysts salary

Based on data from the US Bureau of Labor Statistics, on average, Market Research Analysts make $76,080 annually, while Financial Analysts make $103,020 per year. As a result, Financial Analysts earn a salary that is significantly higher than Market Research Analysts.

However, it's worth noting that salaries can vary depending on factors such as location, experience, and the specific setting in which the employee works. As an example, Market Research Analysts who work in Washington (with an average salary of $93,210) may earn more than those who work in West Virginia ($48,940). And Financial Analysts in New York earn 84% more on average than those in Utah.

Market Research Analysts vs Financial Analysts overview

Market Research Analysts and Financial Analysts are crucial to the Professional, Scientific, and Technical Services industry. People are often interested in learning about the distinctions between these job titles, including the average salary for each of them.

Market Research Analyst job description

Alternative names: Market Research Analysts and Marketing Specialists

Market Research Analysts research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets.

Market Research Analyst education and experience

The majority of Market Research Analysts (57%) have obtained a Bachelor's Degree. However, among employees in this occupation, there are also some with a Master's Degree (39%). When it comes to experience, about a third of Market Research Analyst jobs require a 4 to 6 years of work-related experience. A smaller percentage of jobs (26%) require a previous experience of 2 to 4 years.

Market Research Analyst average salary

According to data from the US Bureau of Labor Statistics, the United States had a workforce of 727,540 Market Research Analysts in 2021 and the mean income they earned annually was $76,080. The lowest earning 10 percent made $37,570 or less, and the highest earning 10 percent made $128,320 or more per year. Compared to the previous year, the average salary has grown by 2.9%.

Do Market Research Analysts make good money?

The average salary of Market Research Analysts is about a third higher than the average wage in the United States ($58,260). In contrast, they earn 17% less than the average wage of the Professional, Scientific, and Technical Services industry ($91,150).

The average salary of Market Research Analysts is about a third higher than the average wage in the United States ($58,260).

Market Research Analysts job growth

Market Research Analysts have seen growth in employment over the past two years. In 2021, there have been 37,380 more positions than the previous year nationwide, which marks a rise of 5.4%. Over the past 3 years, job growth has averaged 4.5%.

Financial Analyst job description

Alternative names: Financial and Investment Analysts

Financial Analysts conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

Financial Analyst average salary

As stated by the US Bureau of Labor Statistics, the United States employed 291,880 Financial Analysts in 2021, and the mean income they earned annually was $103,020. The bottom 10 percent had earnings of $57,900 or less, and the top 10 percent had earnings of $166,560 or more.

Do Financial Analysts make good money?

The average salary of Financial Analysts is 77% higher than the average salary in the United States ($58,260). However, they earn 13% less than the average pay of the Securities and Financial Investments industry ($119,040).

The average salary of Financial Analysts is 77% higher than the average salary in the United States ($58,260).

FAQ

Do Market Research Analysts or Financial Analysts make more?

Financial Analysts make 35% more than Market Research Analysts. The average annual pay for Market Research Analysts is $76,080, while Financial Analysts earn $103,020 per year.