How much does a Research Analyst make?
Research analysts collect and analyze data to help businesses and organizations make smart decisions. This role is crucial in many industries, including marketing, finance, and healthcare. For those considering a career in research, understanding the salary can be very important.
Research analysts earn an average yearly salary of about $85,278. This number can vary based on experience, education, and the industry. For instance, those with more experience often earn higher salaries. Also, specific industries might pay more, like those in finance or pharmaceuticals.
The salary range for research analysts is quite broad. At the lower end, some entry-level positions might start around $38,200 per year. At the higher end, experienced analysts can earn more than $197,500 annually. This wide range shows there are many opportunities for growth and advancement in this field.
What are the highest paying cities for a Research Analyst?

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Charlotte, NC
Average Salary: $130,530
Charlotte is known for its booming tech sector and financial industries. Professionals gather at companies like Bank of America and Wells Fargo. They gather and analyze data to guide business decisions.
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Minneapolis, MN
Average Salary: $120,053
Minneapolis offers a vibrant job market in health care and tech. Companies such as UnitedHealth Group and 3M hire experts to interpret data and trends. They play a key role in strategy and innovation.
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San Francisco, CA
Average Salary: $115,571
San Francisco’s tech hub draws many skilled analysts. Companies like Google and Salesforce depend on data to refine their services. They work in fast-paced environments, driving tech forward.
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Boston, MA
Average Salary: $110,606
Boston’s rich history in education and research makes it a great place for analysts. Firms such as Biogen and State Street use data to guide their operations. They contribute to cutting-edge research and development.
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San Jose, CA
Average Salary: $97,862
San Jose, the heart of Silicon Valley, offers many opportunities for data experts. Companies like Apple and Cisco rely on data analysis. They work in an environment that encourages innovation.
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Los Angeles, CA
Average Salary: $97,749
Los Angeles boasts a diverse job market with many entertainment and tech firms. Companies such as Amazon and Netflix use data to shape their strategies. They thrive in a dynamic and creative atmosphere.
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Seattle, WA
Average Salary: $96,838
Seattle offers a mix of tech and natural beauty. Companies like Microsoft and Amazon need data experts. They analyze data to improve services and products in a tech-savvy environment.
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Hartford, CT
Average Salary: $95,903
Hartford is home to insurance giants like The Hartford and Aetna. Professionals here gather data to support decision-making. They work in a stable and supportive corporate culture.
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Denver, CO
Average Salary: $89,742
Denver has a growing tech scene and outdoor attractions. Companies like Charles Schwab and Xcel Energy hire data experts. They use data to improve services and strategies in a thriving market.
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San Diego, CA
Average Salary: $89,345
San Diego offers a blend of tech and biotech opportunities. Firms such as Qualcomm and Illumina depend on data analysis. They work in a dynamic environment with a focus on innovation.
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What are the best companies a Research Analyst can work for?

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Ameriprise Financial Services, LLC
Average Salary: $197,500
Ameriprise Financial Services, LLC offers top-tier positions for Research Analysts. The company operates nationwide, providing research and analysis to support financial planning and investment decisions. Analysts contribute to developing insights that help clients achieve their financial goals.
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Institute for Defense Analyses
Average Salary: $192,687
The Institute for Defense Analyses provides Research Analysts with a chance to work on critical national defense projects. This non-profit research organization operates in Alexandria, Virginia. Analysts focus on complex defense and security issues, working on projects that impact national security.
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Google
Average Salary: $158,065
Google offers exciting opportunities for Research Analysts, supporting various projects across the globe. The company’s headquarters are in Mountain View, California, with offices worldwide. Analysts work on projects that shape Google’s products and services, making data-driven decisions to improve user experience.
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Rockefeller Capital Management
Average Salary: $137,321
Rockefeller Capital Management provides Research Analysts with an environment to develop their skills. The company operates in Houston, Texas, focusing on investment management. Analysts conduct in-depth research and analysis to support investment strategies.
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Liberty Mutual Insurance
Average Salary: $117,625
Liberty Mutual Insurance offers Research Analysts the chance to work in a dynamic insurance environment. Operating across the United States, the company provides research to support underwriting and claims decisions. Analysts play a key role in shaping insurance policies and practices.
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University of California, Los Angeles - School of Law
Average Salary: $106,187
The University of California, Los Angeles - School of Law provides Research Analysts with an academic setting. Located in Los Angeles, California, the school offers opportunities to conduct legal research. Analysts contribute to scholarly publications and support faculty research projects.
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Stanford University
Average Salary: $97,843
Stanford University offers Research Analysts positions in a prestigious academic environment. Based in Stanford, California, the university provides opportunities to conduct innovative research. Analysts support various departments and contribute to academic publications.
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State of Connecticut
Average Salary: $95,278
The State of Connecticut offers Research Analysts positions in government. Operating across the state, the government provides research to support policy-making and public administration. Analysts work on projects that impact state services and programs.
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S&P Global
Average Salary: $94,169
S&P Global offers Research Analysts positions in a leading financial services company. Headquartered in New York, New York, the company provides analysis and data to the financial industry. Analysts conduct in-depth research to support investment and credit decisions.
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University of California, San Francisco
Average Salary: $93,808
The University of California, San Francisco provides Research Analysts with an academic medical setting. Located in San Francisco, California, the university offers opportunities to conduct health-related research. Analysts support faculty research projects and contribute to medical advancements.
How to earn more as a Research Analyst?
Becoming a Research Analyst offers many opportunities for growth and increased earnings. Pursuing advanced skills and certifications can help. Research Analysts often find that specialization and additional training lead to higher salaries. Networking with professionals in the field opens doors to more lucrative positions. Job seekers can achieve these goals through focused effort and strategic planning.
Consider these key factors to increase earnings as a Research Analyst:
- Advanced Education: Obtain a master's degree in a relevant field. This can open doors to higher-paying jobs.
- Certifications: Get recognized certifications, such as CFA or FRM. These can boost earning potential.
- Specialization: Focus on a niche area, like financial research or market analysis. Expertise in a specific field can command higher salaries.
- Networking: Attend industry conferences and join professional organizations. This helps to connect with potential employers and peers.
- Experience: Gain experience through internships or entry-level positions. Accumulated experience often leads to higher positions and salaries.



