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Who is a Marketing Analyst?
As a Marketing analyst, you help organizations improve their products and services by providing them with the necessary support and resources to make informed decisions. You can also join marketing teams of major companies. A marketing analyst career usually involves working with the marketing department of a consumer goods or service company.
Besides working for different consulting firms, they can also pursue a marketing analyst career in India. Students can obtain a master's or bachelor's degree in business administration or marketing in the country. In this article, we will talk about the various marketing analyst job opportunities and training requirements for Marketing analysts in India.
Marketing Analyst in a Nutshell
While doing online shopping, you might have noticed a window that says, "We're looking for feedback." This is not a typical marketing analyst job. Instead, they use statistical data collected from various sources to identify trends and launch effective campaigns.
Quick Facts for Marketing Analyst
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Average Salary in India
₹55000
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Suitable for
Male, Female
A marketing analyst job is suitable for everyone. There is no gender-specific restriction in this field. There are numerous opportunities to excel and reach senior positions without having to go through a specific gender.
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Any special needs
Yes
Individuals with special needs can perform well in this field. They should have the necessary skills to operate a computer and communicate effectively.
Table of Contents for Marketing Analyst
What is the role of Marketing Analyst?
Individuals who are interested in becoming marketing analysts should consider the role of making informed decisions regarding the current market trends. This individual should be able to create visual and actionable insight for their clients. Besides being able to analyze and interpret data, a Marketing analyst should also be creative and analytical.
As a Marketing analyst, you will be responsible for analyzing and predicting the sales trends of a company. You will also be able to develop effective campaigns and come up with creative ideas for marketing. In order to launch a successful campaign, you must thoroughly research the various markets and consumers.
Research
A Marketing analyst is a professional who specializes in analyzing the trends and developing strategies to launch a successful campaign. He or she also performs SWOT analysis, which measures the strength of a company's competitive advantage.
Data collection
A Marketing analyst must collect and analyze data on multiple factors such as consumers, competitors, and the market to create effective and visually appealing advertisements.
Analysis
A Marketing analyst is responsible for analyzing and reporting on the various facets of the market. He or she is also responsible for providing analysis and recommendations to the employers of the companies that are operating in the market.
Design Surveys
A market analyst is responsible for gathering data to develop effective marketing strategies and recommendations. He or she must also understand the company's goals and customer preferences.
Types of a Marketing Analyst
There are various types of Marketing analysts. In this section, we have listed the marketing analyst job descriptions of these professionals.
Equity Research Analyst: An equity research analyst is a person who specializes in analyzing the stock profiles of companies. He or she uses their market knowledge to recommend buying and selling the stock according to the prevailing market conditions.
Financial Analyst: A financial analyst is a vital part of any firm's operations, as he or she uses the data collected to identify potential opportunities and make recommendations.
Operations Research Analyst: An operations research analyst uses his or her analytical skills to identify and resolve complex problems. He or she also helps managers make informed decisions regarding their projects.
What is the workplace/work environment of Marketing Analyst like?
Depending on the role and responsibilities of a Marketing analyst, their work environment may vary. For instance, some may work from a desk while others may perform various tasks such as conducting surveys and interacting with the public. In most cases, the Marketing analyst works on a computer.
Does Marketing Analyst require travelling?
Likely
Marketing analyst positions require individuals to travel to various parts of the country to conduct surveys and polls.
Employment Shifts
Full Time, Part Time
As a Marketing analyst, you'll typically be working from early mornings to late at night. There are no shifts in the schedule of the marketing analyst job.
Employment Nature
Contractual, Permanent
There are various types of opportunities for Marketing analysts in different areas. These include permanent and contractual positions. As part of the marketing department, a Marketing analyst is responsible for analyzing and reporting on trends and developments.
Work Place
Office
Captive market agents mainly work for companies that are looking to outsource their research. Others do consulting work.
Presence in Geographical Area
Semi-urban, Urban
Most of the Marketing analyst's employers are located in semi-urban and urban areas. Hyderabad offers promising marketing analyst job opportunities with an average marketing analyst salary of 46.4 percent higher than the national average.
Time Pressure
Likely
Marketing analysts are expected to perform various tasks such as conducting surveys and interviews to gather valuable feedback from the public. They also have to work under intense pressure to meet deadlines.
Overtime Details
The hours worked by Marketing analysts vary depending on the company. In addition to being able to collect data, they also have to perform various tasks such as analyzing reports and making recommendations. People who choose to become Marketing analysts typically work in a computer system.
Weekly Hours of Work
Min 45 Hours
Individuals who are interested in becoming a Marketing analyst typically work from 8:00 am to 5:00 am depending on their company's schedule and working conditions. The rest of their working hours may be stretched due to their workload.
How to become a Marketing Analyst?
Steps to become a Marketing Analyst
Here is the guide on how to become a Marketing Analyst in India. If you are interested in decoding consumer behavior, analyzing market trends, and making data-driven decisions, this article will provide you with a step-by-step roadmap to kickstart your career in marketing analysis. From essential qualifications to key skills, we will walk you through the journey of becoming a successful Marketing Analyst in India.
What are the skills and qualities required to become a/an Marketing Analyst?
There are various requirements that a Marketing analyst must meet in order to become successful. One of these is acquiring a specific skill set. This section will talk about the skills required to become a Marketing analyst.
Communication Skills: As a Marketing analyst, you are responsible for creating effective and engaging surveys that will appeal to the audience. Communication skills are also required to put the necessary questions to the respondents.
Problem Solving Skills: As a Marketing analyst, you are also responsible for developing effective marketing strategies and launching a campaign in the market. This role requires you to have good problem-solving skills.
Critical Thinking: Critical thinking is also required of Marketing analysts. They are expected to come up with effective ideas and recommendations that will help improve the efficiency of their work.
Attention to Detail: One of the most important factors that a Marketing analyst must consider when it comes to analyzing and interpreting data in detail. This is because, without this, the results of the survey might not be able to provide valuable feedback.
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Which certifications and internships can be helpful in becoming Marketing Analyst?
We have listed down the necessary certification that you need to become a Marketing analyst. These are all part of our efforts to help you improve your skills and knowledge in this field.
Adaptive Markets: Financial Market Dynamics and Human Behavior | |
PG Certificate Program in Market Research and Data Analytics | - |
Internship Availability
There are various marketing analyst job portals that can help one find internships in the market research industry. A market research intern is expected to collect and analyze data to improve the competitiveness of a company.
Career Path Progression for Marketing Analyst
Digital Marketing Analyst: We are seeking a Digital Marketing Analyst to drive data-driven insights and optimize online marketing campaigns. This role involves analyzing performance metrics, managing advertising budgets, and implementing strategies to enhance our digital presence.
Market Research Analyst: We are looking for a Market Research Analyst to gather and interpret market data, consumer trends, and competitive intelligence to support strategic decision-making. This role involves conducting market research, competitor analysis, and providing actionable recommendations to drive business growth.
Marketing Analyst Jobs and Salaries
Market Research Analyst
Contractual/Permanent
- Average Salary 60000
Job Description
Market research analysts research market conditions and detect the opportunities for sales. They examine the goods or services for sales. Market research analysts focus on providing companies with essential information that demonstrates which kind of products that people desire, and at what cost.
Salary Description
The more experience market research analysts obtain in the industry, the greater their salary and ability in the business. At the early stage of employment, market research analysts earn more than most other occupations which are about Rs. five lakhs per year but eventually earn more than Rs. ten lakhs at the senior level.
Digital marketing analyst
- Average Salary 50000
Job Description
Digital marketing analysts use pay-per-click and other online advertising methods to create and manage search marketing strategies. They work mainly in office environments. Digital marketing analysts find full-time jobs, but these professionals may also function as freelancers. Digital marketing analysts work to increase website traffic, social media posts and other forms of online promotional content.
Salary Description
Within this sector, salaries are centred around the different departments and the position one holds. The salary for a professional digital marketing analyst is growing steadily. The average salary, a digital marketing analyst, receives more than six lakhs a year.They earn more than Rs. three lakhs a year at the start of jobs, and that increases by more than Rs. nine lakhs a year at the senior-level.
What is the job outlook for Marketing Analyst?
The Marketing analyst job is one of the most promising marketing analyst careers in the industry. The average growth rate of the market is 26 per cent, and it will continue to grow due to the increasing need for reliable and timely data. With the advent of new technology, the market will also require more data-driven individuals.
The Marketing analyst job is considered one of the most challenging positions in the industry due to the high competition. However, with the right skills and education, one can easily get into this field.
Frequently Asked Questions for Marketing Analyst
Que. Is marketing analyst a good career?
Ans.Yes, a career as a marketing analyst can be quite rewarding. It offers the opportunity to work at the intersection of data, marketing, and business strategy. Marketing analysts play a crucial role in helping companies make informed decisions, optimise marketing campaigns, and maximize profitability. The demand for skilled marketing analysts is on the rise, providing good career prospects. It's a path for those who enjoy working with data, have strong analytical skills, and are interested in the ever-evolving world of marketing.
Que. How long does it take to become a marketing analyst?
Ans.The timeline to become a marketing analyst can vary. To enter the field, a bachelor's degree in marketing, business, economics, or a related field is typically the first step, which takes about 3-4 years. Some may choose to pursue a master's degree, adding another 1-2 years of study. Gaining practical experience through internships or entry-level roles is crucial and can take an additional 1-2 years. So, in total, it can take anywhere from 4 to 8 years to establish yourself as a marketing analyst, depending on your educational path and the career trajectory you pursue.
Que. What courses do you need to become a marketing analyst?
Ans.To become a marketing analyst, you should consider courses that cover marketing principles, data analysis, statistics, and business strategy. A bachelor's degree in marketing, business administration, economics, or a related field provides a solid foundation. For a more specialised education, you can pursue a master's degree in marketing, business analytics, or data science. It's also beneficial to take courses in tools like Excel, data analytics software, and digital marketing platforms. Continuous learning and staying updated with industry trends is essential in this field, as it's ever-evolving.
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