Research Analyst Job Description [with Must-Have Elements]

Every successful organization relies on the expertise of a research analyst to drive informed, data-driven decisions. By harnessing their proficiency in conducting thorough research, analyzing data, and delivering valuable insights, you pave the way for strategic decision-making based on solid evidence. This approach not only enhances your understanding of customers, growth prospects, and competitors but also empowers you to make well-informed choices that fuel profitability and expansion. 
The job role of a Research analyst plays a pivotal role in shaping your organization’s trajectory, so it is imperative to recruit a candidate who possesses the requisite skills and competence. Dive into this blog to unravel the art of crafting a compelling research analyst job description to attract desired and cultural-fit candidates.

Research Analyst Job Description: Key Elements 

Crafting a compelling research analyst job description requires incorporating six key elements. By following this structure, you’ll attract qualified and enthusiastic candidates who align with your company culture. Here’s a breakdown of these essential elements:

1. Company Overview

In this section, introduce your company and create a compelling narrative that will captivate candidates who share your values and aspirations. You can achieve this by providing details about company values, culture, mission, and work environment. 

Sample: 

ABC is a young and vibrant startup passionate about specialty coffee. We source the world’s finest beans, ethically traded and bursting with unique flavor profiles, before roasting them to perfection in small batches. Our mission is to break away from the bitter brew of the ordinary and introduce you to an extraordinary coffee experience. 

2. Research Analyst Job Overview

This section provides brief details about the job role of the research analyst. Here, talk about the key roles and responsibilities of research analysts. Additionally, you mention the job profile you are offering and the location, to provide comprehensive information. This allows the candidate to build a clear understanding of what the job role entails and read further if it interests them. 

Sample: 

Job Profile: Research Analyst

Location: Chennai

Job Overview:

ABC seeks a Research Analyst to analyze data and inform strategic decisions across our entire coffee experience. This includes sourcing, roasting, marketing, and customer satisfaction. You’ll help us understand market trends, identify new customer segments, and ultimately, deliver exceptional coffee, in every cup.

3. Job Responsibilities of Research Analyst

Next, list all the research analyst job duties. This comprehensive list facilitates the candidate to understand what a day in the job role of a research analyst looks like. Additionally, it enables you to set clear expectations for potential candidates and attract candidates who know how to handle these tasks and duties. 

Sample: 

Responsibilities: 

• Conduct research to identify emerging trends.
• Analyze supplier data to ensure ethical sourcing, optimal quality, and fair trade practices.
• Evaluate the products and how we can create unique products. 
• Analyze market research to identify consumer preferences, emerging trends, and competitor strategies. 
• Develop customer segmentation strategies, craft targeted marketing campaigns, and measure their effectiveness.
• Analyze customer feedback data to identify areas for improvement across all touchpoints.
• Recommend data-driven solutions to enhance customer satisfaction and brand loyalty.
• Research and analyze the competitive landscape, identifying market trends, competitor strengths and weaknesses, and potential new market opportunities.
• Analyze market data, production costs, and customer behavior to develop optimal pricing strategies and revenue growth initiatives.

4. Research Analyst Job Requirements

This section discusses the research analyst’s skills and qualifications, enabling them to successfully fulfill their duties. Providing an exhaustive list of skills facilitates you to attract qualified and competent candidates, ultimately reducing hiring time. In this section, ensure that you include technical and soft skills essential for this position. 

Sample: 

Required Skills: 

• Strong analytical skills with proficiency in data analysis tools and software (e.g., Excel, SPSS, Tableau).
• Excellent written and verbal communication skills with the ability to present complex data insights clearly and concisely.
• Ability to manage multiple projects simultaneously and meet deadlines in a fast-paced environment.
• Strong attention to detail and a commitment to accuracy.Knowledge of market research methodologies and best practices.
• Experience with customer relationship management (CRM) software.Proven ability to develop and implement data-driven recommendations.

Preferred Qualifications:

• Bachelor’s degree in Business Administration, Marketing, Statistics, or a related field.
• Minimum 2 years of experience in research analysis, preferably within the consumer goods industry.

5. CTC, Benefits, and Work Schedule  

Offering competitive CTC packages and supplemental benefits can be an effective strategy for attracting job applicants. Additionally, providing benefits, such as flexible working hours and work-from-home facilities, can prove beneficial. 

Sample: 

Offered CTC: ₹5 LPA – ₹6 LPA

Benefits: 

• House rent allowance
• Travel allowance 
• Health and life insurance 
• Flexible working hours 
• Paid menstrual leaves 

Work Schedule: 10:00 am to 7:00 pm (Monday to Friday) 

6. Call-to-Action (CTA)

Conclude the research analyst job description with a CTA. Provide a link to the job portal, company website, or email address, where applicants can apply by sharing their resumes and cover letters. You can also ask for additional information, documents, or requirements as per your needs. 

Sample: 

Are you a research enthusiast with a knack for turning data into insights that drive informed decisions? We encourage you to apply by submitting your resume and cover letter to careers.abc@gmail.com. In your cover letter, tell us why you’re passionate about research and what excites you about the prospect of joining our team.

Research Analyst Job Description Sample 

Here’s a research analyst job description example. You can utilize this sample to write a job description ideal for your organization as per your requirements. 

Company Overview: iDrive is a renowned automotive company known for its commitment to excellence, innovation, and sustainability. With a rich history of producing high-quality vehicles and a strong focus on technological advancements, we are dedicated to shaping the future of mobility and delivering exceptional driving experiences to our customers worldwide. We aim to revolutionize how people commute daily with a collaborative and fast-paced work environment.  Job Profile: Research Analyst  Location: Pune  Job Overview:  As a Research Analyst at iDrive, you will be an integral part of our strategic planning and decision-making processes. Your role will involve analyzing market trends, consumer behavior, and industry insights, to provide valuable recommendations that drive our business forward. You will have the opportunity to work with cutting-edge data analysis tools and collaborate with cross-functional teams to develop innovative solutions that shape the future of automotive technology. Responsibilities: – Conduct comprehensive market research and analysis to identify key trends, opportunities, and challenges in the automotive sector. – Analyze consumer preferences, competitor strategies, and industry developments to generate actionable insights that inform strategic decision-making. – Utilize advanced statistical analysis techniques to interpret complex data sets and identify patterns that inform strategic decision-making. – Prepare detailed reports, presentations, and data visualizations to communicate research findings effectively to stakeholders. – Develop forecasting models to support product development, pricing strategies, and market positioning. – Collaborate with product development teams, marketing departments, and senior management, to develop data-driven strategies that enhance our competitive position in the market. Required Skills:  – Bachelor’s degree in Business Administration, Marketing, Economics, or a related field. Master’s degree preferred. – Proven experience in market research, data analysis, and trend forecasting within the automotive industry. – Proficiency in statistical analysis tools, such as SPSS or SAS, data visualization software like Tableau, and market research methodologies. – Strong analytical skills with the ability to interpret complex data sets and translate insights into actionable recommendations. – Excellent communication skills, both written and verbal, with the ability to present findings clearly and concisely to diverse audiences. – Strong problem-solving skills with the ability to think critically and creatively to address complex business challenges. – Strong interpersonal skills with the ability to collaborate effectively with cross-functional teams. Offered CTC: ₹8 LPA – ₹9 LPA Benefits: – Competitive salary commensurate with experience and qualifications. – Comprehensive health insurance coverage including medical, dental, and vision benefits. – Generous paid time off policy and flexible work schedule options. – Opportunities for professional development and career growth within a dynamic and innovative work environment. Work Schedule: 9:30 am to 6:30 pm (Monday to Friday)  If you are passionate about automotive research and eager to contribute to the future of mobility at iDrive, we invite you to apply for this exciting opportunity. To submit your application or learn more about this position, please send your resume and cover letter to careers.idrive@gmail.com

Conclusion

For a strong market presence and consumer satisfaction, in-depth and data-driven research becomes essential. A research analyst plays a significant role in your organization by conducting such tasks, enabling you to make informed decisions. A detailed job description can come in handy when finding a suitable candidate. The points discussed in this blog will help you craft an ideal research analyst job description and find a skilled and cultural-fit candidate. 

Begin your hiring journey with Internshala and hire talent among the 21+ million skilled job seekers. Also, check out our blog on how to hire an employee to build a robust hiring strategy. 

FAQs