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Last Updated On 24 Aug, 2020
An Industry Analyst is a person who is responsible for carrying out research in market sectors such as automotive, technology, pharmaceuticals or financial services. Besides this, he also collects information about the current industrial trends depending on the type of industry he is working for. An Industry Analyst accesses financial data and advises beneficial financial programs to the investors. Some of the major duties of an Industry Analyst are preparing forecasts, creating segment taxonomies, developing industrial models and drawing and assembling spreadsheets bases on the research. Industrial financial analysts are usually trained in a particular sector or sub-sector and they conduct research on general market growth rather than analysing individual publicly traded stocks or equities.
Check some major responsibilities of an Industry Analyst listed below.
Conducting surveys for all types of customers on various topics
Designing and examining trends for raw information and creating new content concepts as per the requirement of the client
Preparing weekly and monthly reports based on market research
Collecting data from all internal as well as external sources and utilising them to analyse the growth of the organization
Supervise all cross-functional activities and delivering the product within the decided budget
Recommending and performing changes in the existing market research report
Candidates aiming for a career as an Industry Analyst will have to meet some of the eligibility requirements decided by the company. The eligibility criteria for becoming an Industry Analyst are set out below.
Education Required |
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Certification |
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Work Experience |
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Skills | Some of the skills required for an Industry Analyst are:
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The table provided below contains some courses that you can pursue in order to become an Industry Analyst. You can apply to these courses by filling our Common Application Form.
Course | Total Fee (Approx) | Top Colleges for Statistics and Market Research |
INR 12,000 to INR 50,000 | ||
INR 10,000 to INR 50,000 | ||
INR 35,000 to INR 3.00 lakh | ||
INR 1 lakh to INR 5.00 lakh | ||
INR 40,000 to INR 6.00 lakh |
Job roles of an Industry Analyst will vary from company to company. For eg. an IT Industry Analyst will be responsible for conducting research for the scope of growth of the product of the company. Besides this, he will be responsible for providing suggestions and advice to the team on what changes are needed in the existing research report. Some of the major job profiles available for an Industry Analyst are provided below.
Industry Analyst mainly works for banks, market research firms, investment firms and consultancies that specialize in one or more sectors. Besides this, some of the IT companies hire an Industry Analyst to understand and adopt the current market trends and proving suggestions based on the research. The graph provided below will help you understand the employment opportunities that are available for an Industry Analyst.
If you want to know more job opportunities available for Industry Analysts then you can ask questions on the Collegedekho QnA zone.
Some of the major recruiting companies for Industry Analyst are listed below.
ICICI Group
HDFC Standard Life Insurance Co. Ltd.
Life Insurance Corporation of India
Kotak Mahindra Asset Management Company
Angel Broking
Aditya Birla Sun Life Mutual Fund
Sharekhan
An experienced Industry Analyst can earn up to 7 lakh per annum.
Those who are new to the industry may get an average salary of INR 3-4 lakhs per annum
Profile | Starting Salary per annum (in INR) | Mid Level Salary per annum (in INR) | Senior Level Salary per annum (INR) |
Industry Analyst | 6,39,000 | 9,90,000 | 15,10,000 |
An Industrial Analyst should be updated with the latest trends. Besides this, he should have good analytical skills. Some of the books recommended provided below may help an Industry Analyst to learn new marketing strategies.
Competitive Strategy by Michael Porter
Business and Competitive Analysis by Babette Bensoussan and Craig Fleisher
Modern Competitive Analysis by Sharon M. Oster
Market Research in Practice by Carol-Ann Morgan, Nicholas Hague, and Paul N. Hague
Strategy and Competition by Joan Magretta and Michael Porter
You will get a handsome salary package
Many employment opportunities are available for an Industry Analyst
This profile will help you know about the current market trends
This profile is ideal for candidates who are comfortable working indoors
The job can get really hectic and you may have to meet strict deadlines
You will have to stay updated with the latest trends
Work experience of 1-3 years is required for this position
You should have good analytical skills
Take our test and find out if it suits your strengths.
Some of the major sectors where an Industry Analyst can apply for a job are banks, market research firms, and investment firms.
The average salary of an Industry Analyst will depend on his experience and skills. A fresher can earn up to INR 3 lakh per annum.
You will get a handsome salary package and career as an Industry Analyst will help you understand current market trends.
Some of the courses that can help you become an Industry Analyst are BBA in Business Analytics and MBA in Data Analytics.
Some of the skills required for Industry Analyst are analytical skills, communication skills and critical thinking.
Some of the major recruiters for Industry Analyst are Life Insurance Corporation of India, Kotak Mahindra Asset Management Company and Angel Broking.
Some of the major responsibilities of an Industry Analyst are conducting market research, preparing weekly reports and proving suggestions to the team for improvement in existing marketing strategies.
Candidates must have completed a bachelor's degree in market research, mathematics, statistics or any relevant field to become an Industry Analyst.
Some of the other job profiles available for an Industry Analyst are Budget Analyst, Market Research Analyst, Stock Analyst and Quantitative Analyst.
An Industry Analyst analyses the market and prepares reports as per the market research. Besides this, he also provides an idea about the scope of growth for the product.