Sales Analyst is a highly skilled and technically trained specialist who collaborates directly with sales, marketing and other departments to provide decision support data analysis. They are responsible for analyzing customer buying trends and needs, forecasting future demand, providing recommendations on products and prices, launching new products/services as well as recommending changes in product line/mix.
What is the average salary for a sales analyst? How much does a senior sales analyst make? The answer to these questions, along with information about job openings, education and training, and a list of related jobs are in our salary guide below.
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Salary For Sales Analyst Overview
As a sales analyst, you'd be responsible for analyzing data and making recommendations based on that data. You'll be able to use your knowledge of business and technology to help your company grow, and you'll likely have a lot of opportunities for growth yourself.
A sales analyst is a job that falls somewhere between the sales and marketing departments. Sales analysts are responsible for collecting, analyzing, and reporting data on sales performance.
In addition to an annual salary, you may also be eligible for bonuses based on the performance of your team or the company as a whole. A bonus could be anywhere from 5% to 15% of your base salary. The more you sell and the better your results are, the more bonus money you’ll receive!
This role can be very rewarding, as it allows you to use your creativity to improve processes and increase revenue. A sales analyst’s salary will depend on their experience and the company they work for, but in general they earn an average of $83,000 per year.
What Is An Sales Analyst
A Sales Analyst must gather and analyze data trends in an attempt to understand the market and the wishes of the consumers of their products and services. It is an endless job, as the data is always updating, always changing, and the analyst must update their own files and data banks with it.
Of course, this information is spread and read by the sales department, marketing and advertising departments, directors, managers, and other personnel, and so must be put into a concise and easily understandable form, one that can be understood by all involved.
A candidate for this position will probably have at least a Bachelor’s in Business, Economics, Accounting, or a related field.
There is more than meets the eye when it comes to being an Analyst Sales. For example, did you know that they make an average of $32.87 an hour? That’s $68,369 a year!
Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.
What Does an Analyst Sales Do
There are certain skills that many Analyst Sales have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Detail oriented, Analytical skills and Communication skills.
How To Become an Analyst Sales
If you’re interested in becoming an Analyst Sales, one of the first things to consider is how much education you need. We’ve determined that 77.0% of Analyst Sales have a bachelor’s degree. In terms of higher education levels, we found that 10.8% of Analyst Sales have master’s degrees. Even though most Analyst Sales have a college degree, it’s possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an Analyst Sales. When we researched the most common majors for an Analyst Sales, we found that they most commonly earn Bachelor’s Degree degrees or Master’s Degree degrees. Other degrees that we often see on Analyst Sales resumes include Associate Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become an Analyst Sales. In fact, many Analyst Sales jobs require experience in a role such as Internship. Meanwhile, many Analyst Sales also have previous career experience in roles such as Finance Analyst or Customer Service Representative.
