Product Analyst

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What Is a Product Analyst? How to Become One, Salary, Skills.

Product analysts employ product analytics and research to assess the performance of a new product or feature. Here’s what to know about a product analyst’s needed skills, salary and how to become one.

 

What Is a Product Analyst?

Product analysts are responsible for conducting product and user research as well as analyzing related data to support the product development process. They largely ensure a product is reaching the right audiences and meeting both user and business needs. Product analysts tend to be involved in the pre-launch and post-launch stages of product development. 

 

What Do Product Analysts Do?

Product analysts interpret quantitative product and user data to support product decisions, changes and optimizations.

Product Analyst Responsibilities

  • Conduct product analysis to determine requirements for product success.
  • Perform user research to understand specific audience needs.
  • Interpret market research data to gauge market needs and compare competitor products.
  • Develop metrics from research to track product goals during development.
  • Identify product errors or usability issues.

Day-to-Day Responsibilities of Product Analysts

  • Create polls, interviews and surveys to gather user feedback on product features.
  • Utilize user segmentation analysis to categorize and compare product audiences.
  • Use methodology frameworks like AARRR or Google’s HEART framework to define user metrics and UX needs.
  • Use A/B testing tools like Adobe Target to compare product versions.
  • Communicate findings and recommendations with product team and stakeholders.

Product Analysts Within a Company

Product analysts are usually part of a product or IT team within a company. They may collaborate with marketing analysts, software developers and UX designers to accomplish their work. They also tend to report to senior product analysts or product managers.

Importance of Product Analysts

Product analysts help to translate user needs into product needs, ensuring products are being created for the highest success rate possible among its audience. Without product analysts, new products may not perform, function or sell as intended upon release.

Product Analyst - Roles and Responsibilities. | Video: Analytics Explained

 

What Skills Are Needed to Be a Product Analyst?

Qualifications to Be a Product Analyst

  • One or more years of experience in business analysis, systems analysis or similar roles.
  • Ability to conduct product analysis and research.
  • Ability to conduct user analysis and research. 
  • Ability to directly work with and understand customers and clients.

Product Analyst Prerequisites

  • Bachelor’s degree in business, economics, mathematics or a similar field.

Product Analyst Hard Skills

  • Experience with project management and product development life cycles.
  • Expertise in data, market and user analysis tools and techniques.
  • Familiarly with feature flag management tools.
  • Knowledge of customer survey tools and best practices.
  • Knowledge and use of data visualization tools (Microsoft PowerPoint, Tableau).

Product Analyst Soft Skills

  • Analytical thinking skills.
  • Critical thinking skills.
  • Problem-solving skills.
  • Verbal and written communication skills.

Tools and Programs Product Analysts Use

  • Adobe Analytics 
  • Adobe Target 
  • Amplitude
  • FullStory
  • Google Analytics
  • Heap
  • Mixpanel
  • Pendo
  • Quantum Metrics
  • SAS
  • SurveyMonkey
  • Tableau
  • UXCam

 

How to Become a Product Analyst

Product Analyst Education and Experience

Product analyst candidates are often expected to hold a bachelor’s degree in business, economics, mathematics or a similar field.

Product analysts will need to obtain experience in business analysis, systems analysis or similar roles. Knowledge in the areas of product and user analysis, feature flagging and testing, product development, project management and effective communication are also recommended.

Product Analyst Certificates and Courses

Product Analyst Career Path

If not starting as a product analyst, professionals may begin their career beforehand as a business analyst, data analyst, systems analyst or a similar role. After gaining experience as a product analyst, professionals can move on to be a senior product analyst or lead product analyst. From here, professionals may approach management and leadership roles like product manager, senior product manager and director of product management.

 

Product Analyst Salary and Job Outlook

Product analysts, grouped under market research analysts by the U.S. Bureau of Labor Statistics, are expected to see a job increase of 19 percent by 2031.

The full compensation package for a product analyst depends on a variety of factors, including but not limited to the candidate’s experience and geographic location. See below for detailed information on the average product analyst salary.

Courses

Expand Your Product Analyst Career Opportunities

Add another dimension to your skillset by taking Udemy’s online product management courses.

Udemy

Topic:

From Beginner to Modern Product Manager with Just One Course!

 

What you'll learn:

  • Build any digital product from end to end

  • Create a culture…

4.6
(1495)
Udemy

Topic:

Create new, or improve existing, products or services for your business.

 

What you'll learn:

  • The five keys to product or service development.

4.6
(63)
Udemy

Topic:

Learn the skills, tools, and processes needed to become an irreplaceable PM. Examples from NASA, Google, Zappos, Apple

 

What you'll learn:

  • Learn core skills that…

4.5
(4764)
Udemy

Topic:

Product Management Essentials & Product Management Fundamentals to kick-start your career in Product Management

 

What you'll learn:

  • Product Management…

4.2
(456)
Certifications

Product Analyst Certifications + Programs

Open more doors for your career by securing online product management certifications with Udacity.

General Assembly’s Product Management course teaches the end-to-end product management (PM) process to a real-world scenario, from evaluating users and managing a roadmap to creating a minimum viable product (MVP) and developing metrics.

 

What you'll accomplish

This is a beginner-friendly program with no prerequisites, although students may have had exposure to product development concepts or be informally taking on PM responsibilities in their current role. Throughout this expert-designed program, you’ll:

  • Determine key risks and assumptions of a product in order to prioritize research and discovery work.
  • Validate hypotheses by gathering user feedback via MVPs, interviews, experiments, and testing.
  • Execute competitive research to highlight market gaps and trends.
  • Speak fluently with developers, user experience designers, and other business stakeholders about priorities, requirements, and workflow.
  • Apply metrics alongside objectives and key results (OKRs) to measure a product’s success and track its life cycle.
  • Apply what you’ve learned to create a portfolio project: a presentation detailing your product creation strategy.

 

Why General Assembly

Since 2011, General Assembly has graduated more than 40,000 students worldwide from the full time & part time courses. During the 2020 hiring shutdown, GA's students, instructors, and career coaches never lost focus, and the KPMG-validated numbers in their Outcomes report reflect it. *For students who graduated in 2020 — the peak of the pandemic — 74.4% of those who participated in GA's full-time Career Services program landed jobs within six months of graduation. General Assembly is proud of their grads + teams' relentless dedication and to see those numbers rising. Download the report here.

 

Your next step? Submit an application to talk to the General Assembly Admissions team


 

Note: reviews are referenced from Career Karma - https://careerkarma.com/schools/general-assembly

 

General Assembly

General Assembly’s Data Analytics Immersive is a transformative course designed for you to get the necessary skills for a data analyst role in three months. 

The Data Analytics bootcamp is led by instructors who are expert practitioners in their field, supported by career coaches that work with you since day one and enhanced by a career services team that is constantly in talks with employers about their tech hiring needs.

 

What you'll accomplish

As a graduate, you’ll have a portfolio of projects that show your knowledge of data analytics skills, as well as experience with visualization tools and frameworks that employers demand. Throughout this expert-designed program, you’ll:

  • Acquire, analyze, and visualize data sets in real time.
  • Master industry-standard tools like SQL, Excel, Tableau, PowerBI, and Python.
  • Turn data into stories that can influence and inform important decisions.
  • Ask the right questions and answer them with data-informed insights.
  • Demonstrate what you’ve learned with a solid professional portfolio.

 

Why General Assembly

Since 2011, General Assembly has graduated more than 40,000 students worldwide from the full time & part time courses. During the 2020 hiring shutdown, GA's students, instructors, and career coaches never lost focus, and the KPMG-validated numbers in their Outcomes report reflect it. *For students who graduated in 2020 — the peak of the pandemic — 74.4% of those who participated in GA's full-time Career Services program landed jobs within six months of graduation. General Assembly is proud of their grads + teams' relentless dedication and to see those numbers rising. Download the report here.

 

Your next step? Submit an application to talk to the General Assembly Admissions team


 

Note: reviews are referenced from Career Karma - https://careerkarma.com/schools/general-assembl

 

General Assembly
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