|Quick Facts: Market Research Analysts|
$60,570 per year
$29.12 per hour
|41% (Much faster than average)|
Market research analysts study market conditions in local, regional, or national areas to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.
Market research analysts work in nearly every industry. They may work with the public to gather information and data, but they generally work at a computer, collecting and analyzing marketing data and preparing reports. Although most work full time during regular business hours, some may work long hours to meet deadlines.
Market research analysts need strong math and analytical skills. Most need at least a bachelor’s degree, and top research positions often require a master’s degree.
The median annual wage of market research analysts was $60,570 in May 2010.
Employment of market research analysts is expected to grow 41 percent from 2010 to 2020, much faster than the average for all occupations. Job prospects should be best for those with a master’s degree.
Compare the job duties, education, job growth, and pay of market research analysts with similar occupations.
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