There are many routes to becoming a marketing analyst, but all require mastering certain skills and technical knowledge. Here is a comprehensive guide to help you become a marketing analyst—including key skills, job roles, and responsibilities.
Here’s what we’ll cover:
As recently as 2020, the world created an overwhelming amount of data daily—about 1.145 trillion megabytes. Having all this data at hand can be beneficial for businesses that want to understand their users better. The surplus of data also leaves them needing data analysts more than ever to sort marketing data points into stories and actionable steps.
Analysts work exclusively to understand and convey insights and trends from market data. As a result of the growing opportunities to use data for better business, the career path of a market research analyst is growing substantially.
With this skyward demand for marketing analysts, many professionals wonder how to become one to fill the gap.
Forbes writer Richard Stiennon wrote that industry analysts aren’t journalists, consultants, nor public speakers—and yet they take from all of them.
Marketing and business analysts assist businesses in deciding—based on research—which products and services are most likely to be successful and help find the right customer and price for them. Analysts provide recommendations like a consultant and present results to high-level executives, like a good public speaker. Once this is done, their work may continue by studying competitor and customer behavior and pointing out possible improvements in strategy to increase sales.
While the overall role of a marketing analyst is to help businesses understand the market, their day-to-day tasks include any of the following functions:
Everyday work looks similar for market research analysts, but what every company needs from their analysts varies. When looking for a marketing analyst job, position yourself as the candidate who can fulfill necessary tasks specific to each company.
Suppose the daily responsibilities of an analyst sound like something you’d enjoy doing. What skills would you need to get hired?
According to the U.S. Bureau of Labor Statistics (BLS), to become a marketing analyst, a Bachelor’s Degree in a field like communications, statistics, or computer and data science is sufficient. And though you don’t need a Master’s degree to be eligible to excel at the job, you should have the following technical skills:
All these marketing analyst skills, of course, are in addition to experience in the digital marketing field. What do companies like Monster Energy expect from their analysts? Let’s take a look at their listing for a Senior Marketing Analyst below. Keep in mind that the expectations are much higher for this vacancy than they would be for an entry-level analyst.
Monster Energy wants a senior analyst to have 5+ years of experience with digital marketing and a clear understanding of both paid and social media analytics.
Qualifications for a marketing analyst job will depend more on what you can do than which degrees you have. Still, certifications speak a lot for what tools you’re literate in. Here are some credentials that help your resume stand out among others:
Finally, find a way to demonstrate that your oral and written communication skills are excellent. You might be an analysis pro, but if you can’t present your findings professionally, your employers may never benefit from your skills.
To reach your goal of becoming a successful marketing analyst, start with these steps:
When researching a new career path, knowing the wage range can influence whether you want to venture into it. Salaries for this kind of work can vary not only based on your location but also on your previous experiences. Taking the United States as a reference, Zippia.com estimates the average salary of a marketing analyst to be approximately $54,000 a year, falling within the U.S. national average for college graduates.
Experience-based pay will differ slightly, with an entry-level marketing analyst earning around $36,000 per year and the top 10% earning almost $80,000.
If taking on the challenge of a data-centric world as a marketing analyst sounds like something you could get passionate about, Springboard offers a comprehensive data analytics bootcamp to get you on your way to landing a position in this growing field.
Springboard offers a comprehensive data analytics bootcamp. Our data analytics curriculum goes beyond just technical skills to focus on areas where employers find the biggest gaps: strategic thinking, problem-solving, and communication. Watch videos from Microsoft. Learn insights from McKinsey experts. Tackle case studies from Harvard Business School. No other data analytics bootcamp does this. You’ll graduate with an analytical mindset. That’s an edge not just for your job search, but throughout your career.
Check out Springboard’s Data Analytics Career Track to see if you qualify.
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