What does a Project Analyst do?

A project analyst is responsible for the management and development of new projects once data collection, research and analysis are executed. Duties include active research to design new projects and to prepare and present new ideas to improve current processes which impact the business. Information collection is also a part of the job with the need to analyze statistical data, market trends and legislation relevant to projects. Depending on the industry and company, a project analyst may progress into a managerial or executive role.

A bachelor's degree in business or a related field is often required to be a project analyst with some companies expressing a preference to those holding a master's degree. Prior experience of at least two years in the industry as a project analyst is also often required as well. Strong analytical and problem-solving skills are necessary to succeed in this position with many good candidates also possessing excellent research and presentation skills.

  • Develop project strategy plans based on logical framework approaches
  • Maintain project timeframes, objectives and communications
  • Create and manage documentation and reports for projects
  • Identify the goals and requirements of each project
  • Verify data and information and analyze it to suit the direction of a project
  • Track, forecast and report on project progress including metrics and challenges
  • Collect the necessary information required to start projects
  • Maintain current knowledge on the legislation applicable to each project
  • Prior experience as a project analyst in a related field required
  • Strong understanding in project management and data analysis
  • Proficient in computer technology and Microsoft Office applications
  • Working knowledge of applicable laws and standards in the industry
  • Excellent verbal and written communication skills
  • Strong analytical and problem-solving abilities
  • Exceptional research and reporting skills
  • Flexible to work long hours as required to meet project deadlines
  • Able to sit in front of a computer for long hours at a time
EducationBachelor's Degree
Work/Life Balance
3.8 ★
Salary Range--
Career Opportunity
3.7 ★
Avg. Experience2-4 years

Project Analyst Salaries

Average Base Pay

$67,775 /yr
Same as national average
Not including cash compensation
See More Insights
$48K
Median: $68K
$96K
See More Insights
Glassdoor Estimated Salary

Project Analyst Career Path

Learn how to become a Project Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L2
Project Analyst
$67,775/yr
L3
See Career Path

Project Analyst Insights

Read what Project Analyst professionals have to say about their job experiences and view top companies for this career.
Cognizant Technology SolutionsCognizant Technology Solutions
Associate - Projects
Apr 20, 2021

“Your life will be good and you can expect some career growth if you get a good project.”

nTech WorkforcenTech Workforce
Senior Project Analyst
Oct 18, 2019

“There not responsive or helpful when the contract was nearing an end for further employment.”

Qualtech Consultants
Associate Project Lead
Jul 1, 2021

“Work life balance is moderate and depends on client handling skills so don't have any cons.”

Cognizant Technology SolutionsCognizant Technology Solutions
Associate - Projects
Apr 9, 2021

“Cognizant is better than infy but not as good as Accenture in terms of salary.”

CapgeminiCapgemini
Project Analyst
Feb 20, 2020

“It is a safe and healthy place to start your career.”

Cognizant Technology SolutionsCognizant Technology Solutions
Associate - Projects
Jun 19, 2021

“Annual Salary compensation is not so good”

Cognizant Technology SolutionsCognizant Technology Solutions
Associate - Projects
Nov 10, 2020

“Projects are really great to learn and grow”

Tech MahindraTech Mahindra
Project Management Analyst
Jun 6, 2021

“Good workplace to work and enviornment”

See More

Project Analyst Interviews

Related Careers

Technical Project Manager
$108,337
25% skills overlap
Project Coordinator
$53,561
25% skills overlap
Project Manager
$88,907
13% skills overlap
Scrum Master
$99,492
No skills overlap

Project Analyst Jobs

Frequently asked questions about the roles and responsibilities of a project analyst

When working as a project analyst, the most common skills you will need to perform your job and for career success are Microsoft EXCEL, Microsoft Powerpoint, Microsoft Office Suite, Written Communication, and Microsoft Project.

The most similar professions to project analyst are:
  • Technical Project Manager
  • Project Coordinator
  • Project Manager
  • Scrum Master

The most common qualifications to become a project analyst include a minimum of a Bachelor's Degree and an average of 0 - 1 years of experience not including years spent in education and/or training.