This table shows a list of occupations with job duties that are similar to those of market research analysts. Stan T.April 28, 2020Career, OverviewLeave a Comment. Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics. make sure you're on a federal government site. Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. — For most profiles, this tab has a table with wages in the major industries employing the occupation. Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events. — All state projections data are available at Market research analysts must be able to understand large amounts of data and information. The position runs across all industries that need research. Some market research analyst jobs require a master’s degree. Your email address will not be published. For example, some analysts may work with graphic designers and artists to create charts, graphs, and infographics summarizing the research and findings. buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Federal government websites often end in .gov or .mil. Collect and analyze data on customer demographics, preferences, needs, and buying habits to identify potential markets and factors affecting product demand. Collect and analyze data on customer demographics, preferences, needs, and buying habits to identify potential markets and factors affecting product demand. — Market research analysts study market conditions to examine potential sales of a product or service. Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others. They often make charts, graphs, infographics, and other visual aids to present the results of their research. Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data. Typical level of education that most workers need to enter this occupation. May gather information on competitors, prices, sales, and methods of marketing and distribution. In May 2019, the median annual wage for all workers was $39,810. — May gather information on competitors, prices, sales, and methods of marketing and distribution. May conduct meetings with sales personnel and introduce new products. Market research analysts assess consumer preferences to help organizations decide how to shape, advertise, and market their products and services. Job prospects should be best for those with a master’s degree in market research, marketing, statistics, or business administration. Required fields are marked *, Market Research Analysts and Marketing Specialists: Salary, Job Description, How To Become One, and Quiz, a Market Research Analyst and Marketing Specialist, Learn more about Market Research Analysts and Marketing Specialists. The largest employers of market research analysts were as follows: Because most industries use market research, these analysts are employed throughout the economy. Critical-thinking skills. The following information is applicable to all Business development officers and marketing researchers and consultants (NOC 4163). Encouraging and building mutual trust, respect, and cooperation among team members. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. — Market research analysts study market conditions to examine potential sales of a product or service. — The Occupational Employment Statistics (OES) program produces employment and wage estimates annually for over 800 occupations. — Some research positions may require a master’s degree. Operations research analysts use advanced mathematical and analytical methods to help solve complex issues. They will be needed to help understand the needs and wants of customers, measure the effectiveness of marketing and business strategies, and identify the factors affecting product demand. They like leading people and making many decisions. The post 15 facts about the Business Intelligence market appeared first on Matillion. — Measure the effectiveness of marketing, advertising, and communications programs and strategies. Employment of market research analysts is projected to grow 18 percent from 2019 to 2029, much faster than the average for all occupations. Using this information, they may determine potential markets, product demand, and pricing. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). Market Research Analysts and Marketing Specialists. Forecast and track marketing and sales trends, analyzing collected data. Here is how you know. Conduct research on consumer opinions and marketing strategies, collaborating with marketing professionals, statisticians, pollsters, and other professionals. They must interpret what the data mean for their client, and they may forecast future trends. Summary Analyst - Market Research in Alberta. The Work Environment tab includes the number of jobs held in the occupation and describes the workplace, the level of physical activity expected, and typical hours worked. Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards. And it's got the second-highest growth rate of … — This tab can include information on education, training, work experience, licensing and certification, and important qualities that are required or helpful for entering or working in the occupation. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. Candidates qualify on the basis of experience and knowledge; they must pass an exam, have at least 3 years working in opinion and marketing research, and complete 12 hours of industry-related education courses. Compare the job duties, education, job growth, and pay of market research analysts with similar occupations. The median annual wage for market research analysts was $63,790 in May 2019. The projected numeric change in employment from 2019 to 2029. The link(s) below go to OES data maps for employment and wages by state and area. Some work under pressure of deadlines and tight schedules. Some, however, work under pressure of deadlines and tight schedules, which may require additional hours of work. — Communication skills. appraise automobile or other vehicle damage to determine repair costs for insurance claim settlement. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. May gather information on competitors, prices, sales, and methods of marketing and distribution. Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions. Seek and provide information to help companies determine their position in the marketplace. It is hard to get into this career. — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others. Market research analysts measure the effectiveness of marketing strategies. Includes assistant wholesale and retail buyers of nonfarm products. — Most market research analysts work full time during regular business hours. Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. Many market research analysts work for consulting firms that are hired on a contract basis. Explore resources for employment and wages by state and area for market research analysts. They like searching for facts and figuring out problems mentally.. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Market research analysts study market conditions to examine potential sales of a product or service. — In May 2019, the median annual wages for market research analysts in the top industries in which they worked were as follows: Percent change in employment, projected 2019-29, Note: All Occupations includes all occupations in the U.S. Economy.Source: U.S. Bureau of Labor Statistics, Employment Projections program. Please enable javascript to play this video. Getting members of a group to work together to accomplish tasks. Monitor industry statistics and follow trends in trade literature. Establishing long-range objectives and specifying the strategies and actions to achieve them. Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person. Tuesday, September 1, 2020. information you provide is encrypted and transmitted securely. They help companies understand what products people want, who will buy them, and at what price. Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. Attend staff conferences to provide management with information and proposals concerning the promotion, distribution, design, and pricing of company products or services. Most market research analysts need at least a bachelor’s degree. Analyzing information and evaluating results to choose the best solution and solve problems. We asked other Market Research Analysts what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Master’s Degree. Select, order, and authorize payment for merchandise according to contractual agreements. It may also discuss the major industries that employed the occupation. — Gather data on competitors and analyze their prices, sales, and method of marketing and distribution. This tab also covers different types of occupational specialties. Market Research Analysts and Marketing Specialists research market conditions in local, regional, or national areas, or gather information to determine potential sales of a product or service, or create a marketing campaign. Strong math and analytical skills are essential. Video transcript available at The Similar Occupations tab describes occupations that share similar duties, skills, interests, education, or training with the occupation covered in the profile. Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.