Average Market Research Analyst Salary in Canada
The average annual salary of Market Research Analyst is $54,236.00
The starting salary of Market Research Analyst is between $37,060.00 and $43,600.00 whereas the maximum salary range is between $74,200.00 and $85,330.00.
Minimum Annual Pay | Maximum Annual Pay |
---|---|
$37,060.00 | $85,330.00 |
The average hourly pay of Market Research Analyst is $16.96.
The starting hourly rate is between $10.00 and $11.33 for Market Research Analyst whereas the maximum hourly wage is between $25.30 and $29.00.
Minimum Hourly Pay | Maximum Hourly Pay |
---|---|
$10.00 | $29.00 |
Market Research Analyst Salary Comparison by Gender
This pie chart demonstrates the gender share for Market Research Analyst. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, female employees are involved significantly more as Market Research Analyst compared to male. Their involvement is 58% while of male is only 42%.
Salary Distribution Based on Years of Experience
The line graph shows Market Research Analyst salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Market Research Analyst working less than a year in a company, you notice that their annual salary starts around $48,953.98.
As the years of experience reaches 1 to 4, there is a significant increase of $4,276.23 which would give a total wage of CAD53,230.21.
Once the experience reaches 5-9 years Market Research Analyst salary would increase again to a total of $64,782.00, adding $11,551.79 from the last salary increase.
And finally, once the Market Research Analyst gains 20 years of experience or more, their salary would reach $80,586.00.
Prominent Skills Affecting Market Research Analyst Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Market Research Analyst's salary. It clearly highlights the skills needed for a post of Market Research Analyst when hired by an employer.
The most vital skill expected of Market Research Analyst is Project Management which impacts the most than the rest of the skills indicated with a staggering 29% comparatively. Therefore, one’s salary would greatly depend on their skills in Project Management.
The skill least likely to affect one’s pay would be Market Research with 1%. It can be said that Market Research skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Market Research Analyst. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $48,812.00 whereas the highest earning is $80,269.00 which clearly shows the salary increases with the level of expertise.
Experienced person will earn the maximum salary of $80,269.00 at 48%. So to summerize, Entry Level earns 10% less than the average salary, Early Career earns 0% less than the average salary, Mid Carrer earns 21% more than the average salary, Experienced earns 48% more than the average salary.
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