What are the job responsibilities of a Market Research Analyst? What does an individual in this position get paid in New Jersey?
For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!Here is the position summary for Market Research Analyst as found in BLR’s Salary Finder:
Researches market conditions in local, regional, or national areas to determine potential sales of a product or service. May gather information on competitors, prices, sales, and methods of marketing and distribution. May use survey results to create a marketing campaign based on regional preferences and buying habits.
In New Jersey, the midpoint of salaries reported for the position (50th percentile) is $71,417. The 75th percentile (the rate below which 75% of salary data falls) is $95,893. The 25th percentile (the rate below which 25% of the data falls) is $53,354.
Get full salary data for Market Research Analyst, including data for your industry, geographic region or metro area and employer size. Get full access to your detailed salary information now!
How much should you pay a Market Research Analyst?
Compensation.BLR.com, a leading provider of compensation data, scores this job as exempt (not entitled to overtime). According to Compensation.BLR.com's rate ranges, grade 34 has a minimum of $49,814. The midpoint is $63,865, and the maximum is $79,830.
How much should an employer be paying a Market Research Analyst in New Jersey? It depends on many factors, but the most important are the experience and skills of the employee or applicant. Answer these questions: How much experience does he or she have? How highly skilled is he or she? Then, use the table below. Interpolate as necessary.
| Applicant's Skills and Experience |
|---|
| | Beginner | Competent | Expert |
|---|
| Salary Survey | | | |
| National | $44,600 | $61,580 | $85,230 |
| New Jersey | $53,354 | $71,417 | $95,893 |
| | | | |
| Rate Range (Grade 34) | | | |
National | $49,814 | $63,865 | $79,830 | | New Jersey | $58,122 | $74,517 | $93,144 |