Technical Analyst Salary

By Henry R. Steele - January 8, 2018
Reading Time: 9 minutes

The following article discusses the career path of Technical Analyst. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Technical Analysts.

Job Duties

Technical analysts look at the earnings, products, dividends, and research of the organization they work for. They are responsible for making sure continuity of service and they do this by providing the project coordination, leadership, and planning required to optimize old products and services and implement new ones. Additionally, they must be have advanced technological knowledge to resolve other issues.

It is common for a technical analyst to use different computer programs and software suites, including chart-producing software, so that they can stay abreast of changing patterns. They must also work together with product management and provide demos for them. Often, they have to create and review monthly financial reports, analyzing balance sheet trends, and they must complete variance analyses. Additionally, they are responsible for the creation and presentation of economic and financial models for managers, lenders, investors, and the board of directors.

Other job duties of include:

  • Documenting, tracking, and resolving the reasons behind any technical problem
  • Writing and reporting on th technical requirements for ongoing and new projects
  • Creating and implementing new operational reports on technical difficulties, summarizing those for relevant stakeholders.
  • Reviewing the existing platforms and infrastructure to determine whether the available resources and tools are fit for purpose.
  • Maintaining and updating training materials, hardware, and software.

Where We Work

According to the U.S. Bureau of Labor Statistics, there were 600,500 computer systems analysts in 2016, a profession closely related to that of a technical analyst. The largest employers of these professionals were:

  • Computer systems design and related services: 28%
  • Finance and insurance: 13%
  • Management of companies and enterprises: 9%
  • Information: 8%
  • Government: 6%

How to Become

Usually, a technical analyst will hold a bachelor’s degree in finance, accounting, or computer science. Experience is usually preferred, although some entry level positions do also exist. Technical analysts must be able to demonstrate that they can solve complex problems and that they are proficient in the usage of Microsoft Office packages.

Education Requirements

Usually, a technical analyst will have a bachelor’s degree in a field related to computers. However, because their role involves business as well, some have completed a business major instead, with courses in computer-related topics.

It is becoming increasingly common for a technical analyst to hold a master’s degree. The master in business administration (MBA) with a computer information systems concentration is particularly popular. This effectively combines the two most important elements of a technical analyst’s job: the technical side and the business side.

A technical analyst must also be committed to lifelong learning. Technology changes regularly, and they must remain up to date with innovation. This can be so rapid that continuous study is required. In order for someone to remain competitive, they must be committed to this. At the same time, however, they must have an in-depth understanding of their particular business field as well. For instance, someone who works in hospitals must have an understanding of Medicaid and Medicare as well as health information.

Traits & Qualities

The most effective have the following traits to some degree or other:

  • Strong analytical skills
  • Excellent communication skills, both verbal and written
  • Highly creative with ability to think outside the box
  • Strong interpersonal skills
  • Proficiency in monitoring competitors’ actions, tracking results, and completing industry analyses
  • Ability to train others on the importance of data

Minimum Education

Bachelor’s Degree

National Salary

The national average salary estimate for Technical Analyst was $76,186. This number is estimated from over 651,324 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $39.68 and monthly of $6,349.

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$24,000

$158,000

Salary Distribution

Salary by State

The following section lists Technical Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, New York had the largest quoted salary of $92,800 while Indiana had the smallest quoted salary of $57,454.

Alabama Kansas Nevada
Arkansas Kentucky New York
Arizona Massachusetts Ohio
California Maryland Oklahoma
Colorado Michigan Oregon
Connecticut Minnesota Pennsylvania
DC Missouri South Carolina
Delaware Mississippi Tennessee
Florida North Carolina Texas
Georgia North Dakota Utah
Iowa New Hampshire Virginia
Illinois New Jersey Washington
Indiana New Mexico Wisconsin
Alabama$80,678 Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like Financial Client.

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$18.65

$74.55

Salary Distribution
Arkansas$58,594 Rank: 37th

The average salary ranks 37th among states in the country. There were also job openings from employers like Robert Half Technology.

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$26,000

$103,000

Salary Distribution
Arizona$61,704 Rank: 34th

The average salary ranks 34th among states in the country. There were also job openings from employers like LinkTech, MphasiS, State of Arizona, and Arizona Supreme Court.

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$20,000

$124,000

Salary Distribution
California$84,405 Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like Unique Comp, Inc, Technical Resource Group, Inc., GRMI, and Apple.

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$30,000

$165,000

Salary Distribution
Colorado$83,141 Rank: 4th

The average salary ranks 4th among states in the country. There were also job openings from employers like Nigel Frank International, Robert Half Technology, Oracle, and ON-3.

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$30,000

$162,000

Salary Distribution
Connecticut$82,912 Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like MphasiS and BSC SOLUTIONS.

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$23,000

$180,000

Salary Distribution
DC$81,758 Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like Primastep LLC, Primastep, LLC, and Central Intelligence Agency.

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$30,000

$158,000

Salary Distribution
Delaware$78,362 Rank: 12th

The average salary ranks 12th among states in the country. There were also job openings from employers like MphasiS.

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$39,000

$119,000

Salary Distribution
Florida$71,761 Rank: 21st

The average salary ranks 21st among states in the country. There were also job openings from employers like Oracle, Mason Frank, Professional Career Match Solutions, and WellCare.

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$21,000

$152,000

Salary Distribution
Georgia$77,225 Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like The Brixton Group, Inc., BIGCODE, StanSource, and The Bartech Group.

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$29,000

$147,000

Salary Distribution
Iowa$67,274 Rank: 27th

The average salary ranks 27th among states in the country. There were also job openings from employers like Pella Corporation and Robert Half Technology.

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$23,000

$134,000

Salary Distribution
Illinois$81,443 Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like Request Technology, Next Step Systems, StanSource, and Reliable Software Resources Inc.

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$31,000

$155,000

Salary Distribution
Indiana$57,454 Rank: 39th

The average salary ranks 39th among states in the country. There were also job openings from employers like Pyramid Consulting Group, Mason Frank, CyberCoders, and Tata Consultancy Services (TCS).

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$23,000

$106,000

Salary Distribution
Kansas$61,841 Rank: 33rd

The average salary ranks 33rd among states in the country. There were also job openings from employers like MphasiS, TEKsystems, and Cerner Corporation.

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$22,000

$122,000

Salary Distribution
Kentucky$61,933 Rank: 32nd

The average salary ranks 32nd among states in the country. There were also job openings from employers like TEKsystems.

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$20,000

$126,000

Salary Distribution
Massachusetts$86,211 Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like Randstad, Huxley Associates, Solution IT, and Kforce.

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$39,000

$151,000

Salary Distribution
Maryland$77,168 Rank: 16th

The average salary ranks 16th among states in the country. There were also job openings from employers like Robert Half Technology, TeckPros LLC, Chags Health Information Technology, Llc, and Tad PGS, Inc.

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$24,000

$159,000

Salary Distribution
Michigan$71,300 Rank: 22nd

The average salary ranks 22nd among states in the country. There were also job openings from employers like Beacon Hill Staffing, QStride, Vertiv, and Real World Technologies, Inc..

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$26,000

$137,000

Salary Distribution
Minnesota$71,197 Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like Nigel Frank International, REV Solutions, Inc., and TEKsystems.

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$22,000

$147,000

Salary Distribution
Missouri$75,533 Rank: 18th

The average salary ranks 18th among states in the country. There were also job openings from employers like Nigel Frank International, Cerner Corporation, and Randstad.

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$25,000

$151,000

Salary Distribution
Mississippi$61,412 Rank: 35th

The average salary ranks 35th among states in the country. There were also job openings from employers like HCL Technologies.

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$27,000

$108,000

Salary Distribution
North Carolina$78,028 Rank: 14th

The average salary ranks 14th among states in the country. There were also job openings from employers like Apex Systems, IBM, Tata Consultancy Services (TCS), and Son Soft Inc.

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$10.85

$89.25

Salary Distribution
North Dakota$58,371 Rank: 38th

The average salary ranks 38th among states in the country. There were also job openings from employers like DTSC.

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$25,000

$105,000

Salary Distribution
New Hampshire$83,075 Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like CyberCoders.

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$41,000

$126,000

Salary Distribution
New Jersey$78,188 Rank: 13th

The average salary ranks 13th among states in the country. There were also job openings from employers like Nigel Frank International, Robert Half Technology, Tata Consultancy Services (TCS), and Nityo Infotech Corp..

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$21,000

$170,000

Salary Distribution
New Mexico$58,616 Rank: 36th

The average salary ranks 36th among states in the country. There were also job openings from employers like University of New Mexico.

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$15,000

$128,000

Salary Distribution
Nevada$66,410 Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like CyberCoders.

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$19,000

$141,000

Salary Distribution
New York$92,800 Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like Princeton Consulting, Selby Jennings, GATE Staffing, LLC, and iKas International.

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$25,000

$201,000

Salary Distribution
Ohio$81,247 Rank: 9th

The average salary ranks 9th among states in the country. There were also job openings from employers like Hsssoft, The Job Jobber, Nigel Frank International, and Exponentia US Inc.

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$31,000

$154,000

Salary Distribution
Oklahoma$69,400 Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like Fuse3 Solutions, MphasiS, and Robert Half Technology.

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$24,000

$138,000

Salary Distribution
Oregon$64,145 Rank: 30th

The average salary ranks 30th among states in the country. There were also job openings from employers like Salesforce and UST Global.

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$22,000

$127,000

Salary Distribution
Pennsylvania$68,706 Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like CyberCoders, Nigel Frank International, HCL Technologies, and IDC Technologies.

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$21,000

$142,000

Salary Distribution
South Carolina$62,344 Rank: 31st

The average salary ranks 31st among states in the country. There were also job openings from employers like IBM.

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$26,000

$114,000

Salary Distribution
Tennessee$65,754 Rank: 29th

The average salary ranks 29th among states in the country. There were also job openings from employers like MphasiS, FedEx, and Asurion.

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$30,000

$114,000

Salary Distribution
Texas$71,272 Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like fulltimeGiGS, Providence Partners, Agalsolutions LLC, and Chandra Technologies, Inc..

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$25,000

$141,000

Salary Distribution
Utah$76,603 Rank: 17th

The average salary ranks 17th among states in the country. There were also job openings from employers like Oracle.

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$28,000

$148,000

Salary Distribution
Virginia$73,995 Rank: 19th

The average salary ranks 19th among states in the country. There were also job openings from employers like Motion Partners, Drivestream, Inc., Nigel Frank International, and MphasiS.

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$26,000

$145,000

Salary Distribution
Washington$79,418 Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like CyberCoders, TEKsystems, Solution IT, and Nigel Frank International.

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$27,000

$159,000

Salary Distribution
Wisconsin$71,782 Rank: 20th

The average salary ranks 20th among states in the country. There were also job openings from employers like Randstad, Epic Systems, and Arthur Lawrence.

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$20,000

$155,000

Salary Distribution

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Technical Analyst. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary

Learn More

Related Careers

Career Name Average Salary
Henry R. Steele
Henry R. Steele
Managing Editor
Henry is Managing Editor of BusinessStudent.com. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.Follow on Twitter.com

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