Research Analyst

Preferred Degree

(*Above data obtained from and also verified by survey results)

Salary Breakup (in INR)

(*Above data obtained from and also verified by survey results)

Easy Access to senior management of the company in preparing strategies .

Good Compensation with a decent opportunity to grow.

Opportunity to handle confidential information of the company/ department.

Long hours due huge level of responsibility, poor work-life balance

Sedentary Job plus too much Stress leading to health hazards.

Extreme attention to detail required, little opportunity to be creative.

Which Candidates prefer this Job? (%)

(*Above data obtained from and also verified by survey results)

Job Satisfaction Level
Work-Life Balance
Scope in Industry

Gender Breakdown for this profile

Famous Leaders who worked in similar profile

Related Careers

  • Market Research Analyst
  • IT Analyst
  • Technology Analyst
  • Operation Research Analyst
  • Financial Research Analyst
  • Data Scientist
  • Equity Research Analyst


  1. Research Analysts in general are involved in collection and interpretation of data to help in decision making in whatever department/ company they are working in.
  2. Depending on the department in which they work, Research Analysts are called by different names:
    1. Market Research Analyst – Marketing focused
    2. Operation Research Analyst – Operations, Logistics, Supply chain
    3. Economic Research Analyst – Economic Trends
    4. Financial Analyst – Finance
    5. Equity Research Analyst – Equity, Stock, Mutual Funds
  3. Thus Research Analyst is a broad field and can get divided into many specialized categories.
  4. They collect these data and apply mathematical modelling and other optimizing methods to identify insights, opportunities and trends
  5. Then, they have to compile reports on trends, opportunities and possible dangers to business and assist top management in taking crucial decisions.
  6. They are not usually involved in coding but work on many data crunching software.
  7. Thus, In Simple terms, they utilize IT data and convert them to business insights.
  8. They play an active role in assisting in the enforcement of project deadlines and schedules, communicating effectively with personnel and applying project standards

Skills Required Currently

Financial Modelling Tools 75.2%
Microsoft Excel 83.8%
Data Analysis Tools 68.1%
SQL 45.2%
MATLAB 21.8%
SAS 41.8%

Skills Required in Future

Tableau 62.2%
MS Dynamics 68.1%
Python, Scala 71%
Visual Reporting Tools 68.4%
Google Fusion Tables 51.3%

Functional Skills Required

  1. Strong business acumen in the field is required
  2. Powerful analytical and data gathering skills with a passion for numbers
  3. Ability to troubleshoot and debug problems and consistent individuals have an edge.
  4. People with meticulous, perfectionist attitude preferred.
  5. Ability to analyse complex Data and ability to understand trends, opportunities is a must.

Pay Growth by Experience (in INR)

(*Above data obtained from and also verified by survey results)

Top Industries & Companies that recruit in this profile

List of Companies

Bank of America Citibank JP Morgan
Deutsche Bank Morgan Stanley ICICI Group
HDFC Group Axis Bank Kotak Mahindra
Aditya Birla Group State Bank of India Indiabulls Housing Finance
L and T Finance DCB Bank Crisil Pvt Ltd.
IIFL Securities Limited Bajaj Finance Limited Mahindra and Mahindra Group
Morning Star DBS Bank Ujjivan Small Finance Bank

List of Companies

LIC Insurance of India ICICI Life Insurance HDFC Life
SBI Life Max New York Life Bajaj Alliance
Birla Sun Life Reliance Nippon Tata AIA
PNB Life Insurance Aegon Life Edelweiss Tokio
Aviva Life IDBI Federal Bharti Axa

List of Companies

Mckinsey and Co. Boston Consulting Group Bain and Co.
Accenture Consulting AT Kearney Deloitte Consulting
KPMG India PWC India ZS Associates
LTI Consulting Cognizant EY

List of Companies

Crisil Morningstar Value Research
Markets and Markets Frost and Sullivan Gartner
Thomson Reuters Evalueserve Nielson

List of Companies

Amazon India Flipkart Snapdeal
Myntra-Jabong Firstcry Indiamart Intermesh
Nykaa Make My Trip GoIbibo
Udaan Just Dial Pharm Easy
Yatra Online Book My Show Infibeam
Naaptol Tata CLIQ Clear Trip
IRCTC Zomato
Swiggy Zivame 99

List of Companies

Google India Facebook India Paytm
Paypal Phonepe
Tencent Holdings Netflix Xiaomi
Walt Disney Group Twitter Bill Desk
Incred Razorpay Mobikwik
Lenskart Oyo Rooms Policy Bazaar
Zerodha Byju’s Instamojo

List of Companies

ICICI Prudential AMC HDFC AMC SBI Mutual Fund
Franklin Templeton AMC Axis AMC Aditya Birla AMC
Nippon AMC UTI Asset Management Canara Robecco AMC
DSP Mutual Fund Invesco Mutual Fund Kotak Mahindra AMC

Best Institutes in India for for this profile

Popular Governement Colleges (Not rankwise)

IIT-Bombay IIT-Delhi IIT-Madras
Delhi Technological University, Delhi Jamia Millia Islamia, New Delhi Sardar Patel Institute of Technology, Mumbai
Veermata Jijabai Technological Institute, Mumbai College of Engineering, Pune Delhi Technological University, Delhi
Indian Institute of Engineering Science and Technology Shibpur Sardar Vallabhbhai National Institute of Technology Surat IIT Kharagpur
IIT Kanpur College of Engineering, Trivandrum IIT Roorkee
NIT Trichy IIT Guwahati IIT Hyderabad
NITK Surathkal NIT Rourkela NIT Warangal
IIT Varanasi Jadhavpur University, kolkata Maharaja Sayajirao University of Baroda, Vadodara
Punjab Engineering College, Chandigarh Government College of Technology, Coimbatore Malaviya National Institute of Technology Jaipur

Popular Governement Colleges (Not rankwise)

BITS Pilani VIT, Vellore Manipal Institute of Technology, Manipal
KJ Somaiya College of Engineering, Mumbai Vivekanand Education Society’s Institute of Technology, Chembur Sardar Patel Institute of Technology, Mumbai
Dwarkadas J. Sanghvi College of Engineering NMIMS Mukesh Patel Institute of technology, Mumbai MIT College of Engineering, Pune
Ramaiah Institute of Technology IIIT Hyderabad Bharati Vidyapeeth, College of Engineering – Pune
SRM Institute of Science and Technology, Chennai Dayananda Sagar College of Engineering, Bangalore RV College of Engineering, Bangalore
Nirma University, Ahmedabad Symbiosis Institute of Technology, Pune Birla Institute of Technology, Mesra
BITS Pilani, Goa Campus LNM Institute of Information Technology, Jaipur Kalinga Institute of Industrial Technology, Bhubaneswar

Popular Colleges (Not rankwise)

HR College, Mumbai Jai Hind College, Mumbai Kishinchand Chellaram College, Mumbai
Lala Lajpatrai College, Mumbai Shri Ram College of Commerce, New Delhi Lady Shri Ram College for Women
MCC – Madras Christian College Ness Wadia College of Commerce Loyola College, Chennai
Chandigarh University, Chandigarh Jain University, Bangalore DCAC, New Delhi
Christ University, Bangalore Hindu College, New Delhi Hansraj College, New Delhi
St. Xaviers College, Kolkata MCC Bangalore Goenka College of Commerce, New Delhi
HL College of Commerce, Ahmedabad Presidency College, Chennai Nizam College Hyderabad



Popular Governement Colleges (Not rankwise)

KJ Somaiya College of Arts and Commerce, MumbaiNMIMS, MumbaiMithibai College, Mumbai
St. Xavier’s College, MumbaiSymbiosis College of Arts and Commerce, PuneJD Birla Institute, Kolkata
Presidency College, KolkataSt. Joseph College of Commerce, BangaloreSt. Andrews College, Mumbai
Madras Christian College, ChennaiMount Carmel College, BangaloreSt. Xavier’s College, Kolkata
Bhavan’s College, MumbaiPoddar College of Commerce and Economics, MumbaiSydenham College, Mumbai


How to Boost My Career?

  • M.S. or MIS from Abroad (Exam- GRE, IELTS, TOEFL)
  • MBA (Exam- CAT, GMAT)
  • Civil Services (Exam- UPSC CSE)
  • Diploma Courses in Project Management, Data Analytics, Data Science(Exam- CAT, GATE, GMAT)
  • IIBA Certifications (ECBA, CBAP, CCBA)
  • Professional in Business Analysis Certifications
  • Certified Scrum Product Owner (CSPO)
  • Research Analyst Certificate Examination- NISM
  • IBM Data Science Professional Certificate
  • Certified Investment Research Analyst – CIRA

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