How much does a Research Analyst make?
Research Analysts gather and analyze data to help businesses make informed decisions. They work in many industries, including finance, healthcare, and technology. Their work is important and can lead to good job opportunities. The average yearly salary for a Research Analyst is around $81,075. This means most Research Analysts earn between $40,000 and $188,000 each year.
The salary can vary based on experience and location. Those with more experience often earn more. Research Analysts in big cities like New York or San Francisco usually make more than those in smaller towns. The job market and demand for research skills also affect salaries. Companies that need a lot of research may offer higher pay to attract the best candidates. Research Analysts who specialize in high-demand areas, like data science or market research, may also earn more.
What are the highest paying cities for a Research Analyst?
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San Francisco, CA
Average Salary: $113,460
In San Francisco, professionals thrive in the tech industry. Companies like Google and Salesforce offer dynamic environments. Analysts here work on cutting-edge projects and enjoy a vibrant work culture.
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Denver, CO
Average Salary: $107,914
Denver provides a mix of outdoor activities and professional growth. Firms such as Charles Schwab and 8th Light focus on innovation. Analysts benefit from a supportive community and a healthy work-life balance.
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Boston, MA
Average Salary: $95,576
Boston is a hub for education and research. Companies like Fidelity and State Street Corporation value analytical skills. Analysts here engage in impactful projects and enjoy a rich cultural scene.
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Seattle, WA
Average Salary: $91,307
Seattle offers a blend of tech and nature. Major players like Microsoft and Amazon provide exciting opportunities. Analysts work on diverse projects and enjoy a laid-back lifestyle.
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Hartford, CT
Average Salary: $91,257
Hartford is known for its insurance industry. Companies like The Hartford and Aetna offer stability. Analysts here focus on data-driven insights and benefit from a strong community.
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Los Angeles, CA
Average Salary: $90,075
Los Angeles is a center for entertainment and media. Firms like NBCUniversal and Disney offer vibrant work environments. Analysts engage in creative projects and enjoy a diverse culture.
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Minneapolis, MN
Average Salary: $87,603
Minneapolis provides a mix of business and leisure. Companies like Target and U.S. Bank offer collaborative settings. Analysts here enjoy a friendly community and a strong economy.
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San Diego, CA
Average Salary: $83,277
San Diego offers beautiful weather and a thriving biotech sector. Companies like Illumina and Qualcomm provide innovative opportunities. Analysts enjoy a relaxed lifestyle and a growing job market.
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Washington, DC
Average Salary: $82,481
Washington, DC is a political and economic hub. Firms like Deloitte and Accenture offer impactful roles. Analysts here work on critical projects and enjoy a rich history and culture.
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Dallas, TX
Average Salary: $82,179
Dallas is a key player in the energy and finance sectors. Companies like AT&T and JPMorgan Chase offer dynamic environments. Analysts benefit from a growing job market and a vibrant social scene.
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What are the best companies a Research Analyst can work for?
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Institute for Defense Analyses
Average Salary: $188,387
The Institute for Defense Analyses offers Research Analyst jobs with a focus on defense and security. They operate in Alexandria, Virginia, and other locations. Analysts work on complex projects and provide insights to government agencies.
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Google
Average Salary: $158,250
Google provides Research Analyst positions that involve data analysis and market research. They have offices worldwide, including in Mountain View, California. Analysts support various departments and contribute to product development.
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Booz Allen Hamilton
Average Salary: $126,421
Booz Allen Hamilton offers Research Analyst jobs that focus on consulting and technology. They operate in McLean, Virginia, and other locations. Analysts work on projects for government and private clients, providing strategic insights.
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HII
Average Salary: $118,809
HII offers Research Analyst jobs in the defense and aerospace sectors. They operate in Newport News, Virginia, and other locations. Analysts support research and development projects for military and commercial clients.
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UC Davis
Average Salary: $102,169
UC Davis provides Research Analyst positions in academic research. They operate in Davis, California. Analysts work on various research projects, contributing to scientific advancements and publications.
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State of Washington
Average Salary: $100,807
The State of Washington offers Research Analyst jobs in government and public policy. They operate in Olympia, Washington. Analysts conduct research to support policy development and decision-making.
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University of California - San Francisco
Average Salary: $98,061
The University of California - San Francisco provides Research Analyst positions in healthcare and medical research. They operate in San Francisco, California. Analysts support clinical trials and research studies.
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Stanford University
Average Salary: $96,566
Stanford University offers Research Analyst jobs in academic and scientific research. They operate in Stanford, California. Analysts contribute to research projects across various disciplines.
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Liberty Mutual Insurance
Average Salary: $95,625
Liberty Mutual Insurance provides Research Analyst jobs in the insurance industry. They operate in Boston, Massachusetts, and other locations. Analysts conduct market research and data analysis to support business strategies.
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UC San Diego Health
Average Salary: $95,104
UC San Diego Health offers Research Analyst positions in healthcare and medical research. They operate in San Diego, California. Analysts support research projects and contribute to advancements in medical care.
How to earn more as a Research Analyst?
A Research Analyst can increase their earnings by focusing on several key areas. First, gaining specialized skills can make a candidate more valuable. This includes expertise in data analysis tools, statistical methods, and industry-specific knowledge. Second, obtaining relevant certifications can enhance credibility and open up higher-paying opportunities. Third, networking with industry professionals can lead to job referrals and insider knowledge about high-paying roles. Fourth, taking on leadership roles or projects can demonstrate initiative and capability, often resulting in higher pay. Finally, continuously seeking out new challenges and projects can help build a strong portfolio and increase earning potential.
To maximize earnings, a Research Analyst should consider the following factors:
- Specialized Skills: Learn advanced data analysis tools and techniques.
- Certifications: Obtain certifications that are recognized in the industry.
- Networking: Build connections with professionals in your field.
- Leadership Roles: Take on projects that require leadership and decision-making.
- Continuous Learning: Always seek new challenges and opportunities for growth.
