Estimated reading time: 2 minutes, 35 seconds

Companies are investing in data capabilities within their organization as well as employees with data skills. Whether it is the ability to code, analyze reports, or visualizing data -having data experience has never been more important in the job market.

There are numerous data careers outside of the well-known data scientist or business analyst. Among them is a performance analyst – who uses data to help their organization make the right choices- strategically.

What Does a Performance Analyst Do?

A performance analyst examines data - identifying practices and procedures to improve an organization’s business model. This person interprets data to make recommendations on how the company should move forward. He or she will also work with stakeholders to measure the success of projects and offer advice on how to move forward.

What Skills Are Necessary to Succeed?

Being able to analyze data is key to a performance analyst’s job but in order to exceed, they must also possess other skills. The right candidate must excel at public speaking. While data and public speaking may not go hand-in-hand, a significant part of a performance analyst’s job is presenting their findings to key stakeholders. A performance analyst will find themselves collaborating with different departments within the company to drive strategy. Finally, a performance analyst will need to be able to work under pressure and multi-task. The insights he or she gives the sales department might be different than the direction they give to the marketing department. Being able to monitor different projects while still managing their day-to-day work is an important aspect of the job – one that not every candidate may feel comfortable with.

What Other Jobs are Similar to This Role?

A performance analyst requires similar skills to that of a data analyst and a strategy analyst – each requiring proficiencies in analytics, project management, and communications. Other positions that also require similar job skills are jobs in digital marketing, productivity, and business intelligence.

What is the Average Salary of a Performance Analyst?

Like many jobs, the salary between performance analysts varies depending on skill level, years of experience, and where they live. According to Glassdoor, the average salary for a performance analyst is $65K. With 1-3 years experience, the number goes down to approximately $56K. If a candidate has more than 15 years of experience in the field, they can receive over $100K in compensation.

The average for a senior performance analyst begins at $71K. With over a decade of experience, a senior performance analyst can expect to make about $110K. This changes depending on industry standards and the company itself.

Are you looking to advance your career, or have decided that you want to work closely within the data field? If the idea of analyzing data intrigues you, a performance analyst could be the perfect job for you. Remember that while manipulating data is part of the job- there are also other skills that can make you stand out from your competitors. A strong background in public speaking, being able to multi-task as well as collaborating in an team environment are also essential in this career.

Last modified on Wednesday, 10 July 2019
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Danielle Loughnane

Danielle Loughnane earned her B.F.A. in Creative Writing from Emerson College and has currently been working in the data science field since 2015. She is the author of a comic book entitled, “The Superhighs” and wrote a blog from 2011-2015 about working in the restaurant industry called, "Sir I Think You've Had Too Much.” In her spare time she likes reading graphic novels and snuggling with her dogs.

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