A market analyst’s salary can be influenced a number of factors. Finance and banking, pharmaceuticals, fashion and retail, and technology are just a few of the industries where market analysts are needed. Market analysts are paid differently in each industry. The market analyst salary is also determined the type of analysis that a business analyst must perform. The overall economic climate within an industry, as well as the country in which the analyst is located, have an impact on salaries.
Market analysts in the financial, banking, and pharmaceutical industries are typically better compensated. These industries have a market capitalization of billions of dollars in countries all over the world. As a result, professional market analyst careers in these sectors pay better than those in many other industries that employ market analysts.
Because the technology industry includes both popular, multinational consumer technology products and very small startup operations, salaries in this industry are more varied. Working for a large hardware or software company as a professional who analyzes the competition and the business environment usually pays well. Market analyst jobs in small, entrepreneurial startups, on the other hand, will pay less because these businesses typically do not have as much capital for employee salaries and benefits. A market analyst’s salary, on the other hand, could be supplemented stock options in a growing startup.
The market analyst salary is also determined the nature of the work that an analyst does. Financial analysts and stock market analysts will, on average, earn more than their counterparts in other industries because they perform more technical work that necessitates specialized knowledge of specific analytical software platforms. Financial analysts must also be able to perform more complex mathematical calculations and projections.
Market analysts in the fashion and retail industries are similarly called upon to forecast future growth or quantify current market conditions. Their work, however, is not nearly as quantitative as that of a financial analyst. Because of this disparity, as well as the vagaries of the retail market, market analyst salaries in this sector may be lower than the national average.
Market analyst pay is almost always influenced the state of the economy. Salaries for all jobs, including those of a market analyst, rise in bullish times. Salaries will decrease in bearish times.