Average Salary Range of a Trend Analyst
When it comes to salary range for trend analysts, it depends on a variety of factors, such as the industry, geographic location, and level of experience.
According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for market research analysts was $63,790 in May 2019. The lowest 10 percent earned less than $37,800, while the highest 10 percent earned more than $122,630.
The salary for trend analysts also varies by industry. Those employed in finance and insurance, for example, earned an annual mean wage of $77,990 in May 2019, while those employed in computer systems design and related services earned $90,110.
Similarly, trend analysts employed in the scientific and technical consulting services earned an annual mean wage of $86,420.
Geographic location also affects the salary of a trend analyst. For example, the highest-paying states in May 2019 were District of Columbia ($97,280), Maryland ($92,420), and California ($86,990). On the other hand, the lowest-paying states included Alabama ($49,510), Mississippi ($51,650), and South Dakota ($52,220).
Finally, the salary of a trend analyst also depends on the level of experience. For example, entry-level analysts typically earn less than experienced analysts. According to PayScale, trend analysts with 1 to 4 years of experience earn an average annual salary of $54,959, while those with 5 to 9 years of experience earn an average annual salary of $64,917.
Overall, the salary range for trend analysts can vary greatly depending on the industry, geographic location, and level of experience. Experienced trend analysts with the right qualifications can earn a high salary, while entry-level analysts may earn less.