March 2023 - Market Insights - Data Analyst Jobs in the United States

Welcome to our third edition of Hiring Insights (US)

A deep dive into the data analyst job market, where we analyse our job openings and trends for the month.

There's a lot of uncertainty in the air, so we're hoping to provide valuable insights and answers to your most pressing questions about state of the data analyst job market.

For that, we will only be using data gathered from job opportunities listed on our site, DataAnalyst.com - we're not using any external benchmarks, nor data points.

So, let's dive right in.

Data Analyst Jobs Market in March, 2023

Due to the availability of data, our breakdown will only focus on the United States and the United Kingdom.

Overall statistics for the total of 241 new data analyst jobs listed on DataAnalyst.com:

What was the split by the region?

1. United States (207)
2. United Kingdom (34)

Data Analyst Hiring Insights for the United States

Total number of jobs posted: 207

What were the top 3 industries hiring data analysts?

1. Financial (36)
2. Healthcare (31)
3. Tech (29)

How many years of experience are companies currently looking for?

1. Entry Level, 0 - 3 years of experience (59 data analyst jobs)
2. Mid Level,  3 - 5 years of experience (84)
3. Senior Level, 5 - 10 years of experience (64)

Are data analysts expected to work remotely, onsite or in hybrid ways of working?

1. Remote (80)
2. Hybrid (71)
3. Onsite / In-office (56)
   

What is the average data analyst salary?

• For entry level data analyst, the average salary was $86,200 - which is a slight decrease comparing to $87,300 in February (vs $84,000 in January)
• Those looking for a mid-level data analyst position, the average salary offered was $107,000 - slight increase coparing to $101,200 in February (vs $113,000 in January)
• Leadership level and senior data analyst, are currently looking at $126,000 - so it's along the lines of $125,400 in February (vs $124,000 in Jan) as the average salary.

These numbers are probably too abstract, so how about we look at them in a little bit more detail.‍

Entry level data analyst jobs summary (0 - 3 years of experience)

For those who are looking to start as a data analyst, or with couple of years of experience under their belt we have seen 59 open positions available in the US (this was a healthy 28.5% of the total amount of roles posted)

Jobs are being listed across industries, with Healthcare being the most prominent one.

When it comes to salaries, the minimum starting salary we've seen was at $40K, going as high as $165,000 annually.

The usual average salaries are in the $70,900 - $101,500

Mid-level data analyst salary jobs summary (3 - 5 years of experience)

Typically, more experienced analysts will work as senior data analysts - such roles will see you taking ownership of the data processes within your organisation, and usually these roles require between 3-5 years of experience.

We've seen 84 open positions available, almost 41% of the total.

The minimum starting salary is understandably higher than at an entry level, starting salary was at $42,500, going as high as $269,000 annually. (TikTok being an outlier)

Tech and Financial companies were most active in their hiring efforts, with 17 and 16 mid-level data analyst jobs posted respectively.

The usual average salary is in the $85,500 - $128,400 range.

Senior / lead data analyst salary jobs summary (5 - 10 years of experience)

A senior / lead data analyst is usually a team leadership position that commonly requires at least five years of experience, as such there's usually little bit less opportunities on the market, as these roles don't only require individual performance, but also leadership skills.

We've seen 64 open positions available, just around 31% of the total.

The minimum starting salary was at $50,000, going as high as $250,000 annually.

The usual average salary is in the $103,00 - $149,100 range, with the Financial (15) and Tech (11) companies leading the number of job postings opened.

Final thoughts

The trend of offering employees more flexibility, and integrating work from home policies is continuing.

We are seeing almost 73% of the positions allowing for at least a few days of remote working (a 3% increase comparing to February), with almost 39% jobs being fully remote (vs 37 in February and 38% in January).

On the salary note, we can see that the ranges provided leave a lot of room for negotiations. Particularly it shows there's a lot of unknowns when it comes to determining the salary that company is looking to offer, and what the fair market rate for the role actually is.

Next Up:

That's a wrap for our March market insights report - you can expect the next edition in early May.

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