Research Analyst course is a course on analysing the market trend with the help of quantitative research. Research analyst course is usually a certification course with 3 months to 6 months duration.
Students can enroll for the course online by visiting the website or by physically visiting the Institute. There are no entrance exams conducted for the Research Analyst course. But the institutes that offer PG courses may offer admission based on merit or entrance basis. The fee structure of a research Analyst course can vary from INR 10,000 to INR 50,000 on average.
After completing Research Analyst courses, graduates can have a career in diverse areas like finance, health, sales, market research, consumer insight, and insurance. The average salary offered to such a professional ranges from INR 4 LPA to INR 7 LPA.
3.2 Diploma Courses
3.3 UG Courses
3.4 PG Courses
4.1 Coursera
4.2 EdX
4.3 Udemy
6.1 Delhi
6.2 Mumbai
6.3 Kolkata
6.4 Chennai
6.5 Banglore
6.6 Pune
8.1 Job Profiles
8.2 Top Recruiters
What is the Research Analyst course?
- Research Analyst course is a Quantitative approach on forecasting the trend. A Research Analyst does research, analysis, interpretation, and presents data related to operations, Finance, Markets, Economy, Customers, etc.
- This course is offered at certificate and training level, diploma level, UG level, PG level and doctoral level
- The course can be pursued via two mode, Online or Offline mode
- Online courses are offered by Udemy, edX, Coursera and the course providers are some universities from all over the globe.
- Market research Analysts earn an annual salary of $63,230 (approx. INR 47,00,000) as of 2024.
Who should pursue a Research Analyst Course?
- Candidates aspiring to pursue a Research Analyst course should be interested in this field eager to understand organisational functioning.
- Candidates with a background of Business, Management, Engineering, Statistics, Maths, etc can also pursue the career of Research Analyst.
- Students from any streams, Arts, Commerce, Science are eligible to take the Certificate/ UG/ PG/ Diploma courses
Types of Courses
There are various courses for the research analyst program and these courses are offered at certification, diploma, UG and PG level. Many colleges and universities also offer the course via online mode.
Research Analyst Certificate course
The table consists of top educators in India along with their duration and fees.
| Course offered | Institute | Location | Duration | Fees |
|---|---|---|---|---|
| Equity Research | NIFM | Delhi | 2 months | INR 60,000 |
| Financial Analysis | Imarticus | Mumbai | 4 Months | INR 75,000 |
| CIRA | AIWMI | Mumbai | - | INR 14,160 |
| CERA | Kredent Academy | Kolkata | 1 Month | INR 64,000 |
| Stock Market Technical Analysis | EQ Sis | Chennai | 1 day | INR 6,000 |
| Research Analyst | IFMC | Bangalore | 6 Months | INR 4,500 |
| Market Research Analyst | IIMRA | Bangalore | - | INR 37,900 |
| Equity Research | Financewalk | Pune | - | INR 50,000 |
| Financial Modelling | FinTree | Mumbai | 3 Months | INR 24,000 |
Diploma in Research Analyst Course
As Research Analyst is a Certification specialization-based Skill one has to do a Diploma in Computer Science or its related field in order to learn about the concepts of Softwares and its testing. The following table gives a brief of courses in diploma in Computer Science.
| Institute | Duration | Course offered | Fees |
|---|---|---|---|
| Lovely Professional University- Jalandhar | 3 Years | Diploma in Research Analyst | INR 1,20,000 |
| Maharaja Sayajirao University of Baroda- Vadodara, Gujarat | INR 1,10,000 | ||
| Jamia Millia Islamia- Delhi | INR 27,000 | ||
| Integral University – Lucknow | INR 1,50,000 | ||
| Nitte Meenakshi Institute of Technology – Bangalore | INR 31,500 | ||
| Sant Longowal Institute of Engineering and Technology- Longowal, Punjab | INR 59,000 | ||
| LJ Polytechnic – Ahmedabad | INR 1,44,000 | ||
| Sree Vidyanikethan Engineering College - Tirupati | INR 63,000 | ||
| Ambedkar Institute of Technology - Delhi | INR 18,000 | ||
| Galgotias University - Greater Noida | INR 1,60,000 |
UG in Research Analyst Course
As Research Analyst is a Certification specialization-based Skill one has to complete Graduation in Computer Science or its related field (IT) in order to learn about the concepts of Researching and it's testing.
The following table gives a brief of courses in Graduation in Computer Science.
| Course name | Top Colleges | Average fees |
|---|---|---|
| BCA | Loyola College, Christ University, Symbiosis Pune | INR 40,000 to INR 2,50,000 |
| B.E./B.Tech. | IIT Bombay, IIST Thiruvananthapuram, VIT Vellore | INR 1,00,000 to INR 10,00,000 |
PG in Research Analyst Course
As Research Analyst is a Certification specialization-based Skill one has to do PG in Computer Science or its related field in order to learn about the concepts of Softwares and its testing.
The following table gives a brief of courses in PG in Computer Science.
| Course name | Top Colleges | Average fees |
|---|---|---|
| M.Sc. | JNU, BHU, Mumbai University, Chandigarh University | INR 15,000 - INR 3,50,000 |
| M.Tech. | IIT Delhi, Jamia Millia Islamia, Jadavpur University, Jain University | INR 1,00,000 - INR 4,50,000 |
Top Online Research Analyst Courses
Most of the Institutes have gone online to teach their courses because of numerous reasons. Some of the benefits of learning online are listed below
- Research Analyst Course is a small duration course and most of the institutes provide self-paced learning.
- Due to self-paced learning students can watch the lectures at their convenient time and can complete the course in their own time frame.
- A study conducted by IBM found that students tend to learn five times more effectively than traditional learning.
- By learning online, the content of the course can be retained for longer terms.
- Learning Research Analyst courses online can be cost-effective as most of the institutes offer Research Analyst courses at a relatively lower cost than the traditional way.
- Students can learn by sitting anywhere in the world by attending courses online.
Some of the top online platforms that have numerous educators are listed below along with their courses.
Coursera
| Course Name | Duration | Fees |
|---|---|---|
| Finance & Quantitative Modeling for Analysts Specialization | 4 months | INR 5,884 per month |
| Market Research and Consumer Behavior | 6 Hours | INR 3,649 per month |
| Google Data Analytics Professional Certificate | 6 Months | INR 5,005 per month |
| Business and Financial Modeling Specialization | 6 Months | INR 5,884 per month |
| Organizational Analysis | 25 hours | INR 4,394 per month |
| Fundamentals of Quantitative Modeling | 8 hours | INR 5,884 per month |
| Marketing Strategy Specialization | 6 Months | INR 3,649 per month |
| Advanced Business Analytics Specialization | 5 Months | INR 3,649 per month |
| Applying Data Analytics in Marketing | 17 Hours | INR 4,394 per month |
| Strategic Business Analytics Specialization | 5 Months | INR 3,649 per month |
Edx
| Course Name | Duration | Fees |
|---|---|---|
| Data Analysis for Decision-Making | 3 Months | INR 49,821 |
| Marketing Analytics: Data Tools and Techniques | 6 weeks | INR 43,352 |
| Quantitative Marketing Research | 5 Weeks | Free |
Udemy
| Course Name | Duration | Fees |
|---|---|---|
| Market Research Analyst Course (Financial Market) | 8 hours | INR 8,640 |
| An Introduction to Online Quantitative Market Research | 9 Hours | INR 8,640 |
| Business Analysis Fundamentals | 8.5 Hours | INR 8,640 |
| How to conduct market research in startups and small firms? | 5 hours | INR 5,760 |
| Niche Market Research Mastery: Find Profitable Niches Online | 5.5 Hours | INR 6,400 |
| The Complete Marketing Research for Market Domination | 4.5 Hours | INR 3,200 |
| Competitor Analysis - Research Rivals and Influence Markets | 34 Mins | INR 8,640 |
| Market Research-Complete Digital Marketing Research Bootcamp | 1 Hour | INR 8,640 |
| Market Research Classroom | 1.5 hours | INR 6,720 |
| Modern Market Research | 2 Hours | INR 6,400 |
Market Research Analyst Course Specializations
Market Research Analyst, Financial Research Analyst, Equity Research Analyst, Operations Research Analyst, Business Analyst are some of the top job profiles and specializations that a desirable candidate wanting to pursue a course in Research Analysis can do.
Market Research Analyst
Market research analysts collect data and information on competitors, consumers, and the market and drive to a conclusion based on this collected data. The main objective of a Market Research Analyst is to perform market research in order to forecast and identify the current consumer likings. The average salary of a fresher in a Market Research Analyst job profile earns INR 4,00,000 to INR 4,50,000 per annum.
Financial Research Analyst
A Financial Analyst performs research in the field of finance for clients. They make reports, conduct research, and form plans to tackle the financial problem. The main objective of a Financial Research Analyst is to identify the best investment opportunities for clients. Financial Research Analyst earns INR 4,92,000 per annum on average.
Operations Research Analyst
Operations Research Analysts are involved in all functions of an organization. They collaborate with all departments and help managers decide on how the resources should be allocated, supply chain management, etc. A Financial Research Analyst earns INR 7,00,000 per annum on average.
Equity Research Analyst
Equity Research analysts work for securities and find the best investment opportunities. They make recommendations, reports and do the analysis of the portfolio of various investment opportunities. A Financial Research Analyst earns INR 7,60,000 per annum on average.
Research Analyst Course Syllabus
Research Analyst course is a short-term course usually of 3 months to 6 months. The course curriculum consists of different types of tools, usage of those tools, Softwares, etc. The following tables give a brief idea of the topics covered in Research Analyst Training.
| Marketing Research Dynamics | Planning the Research Process |
| Research Design | Data Collection Sources and Methods |
| Designing a Questionnaire | Measurement and Scaling Techniques |
| Data Processing and Preliminary Data Analysis | Sampling Theory |
| Data Interpretation and Report Writing | Recent Trends in Marketing Research |
Research Analyst Stream Comparison
After one has decided on the type of the course he/she wants to pursue h can choose from numerous options that include Financial Research Analyst, Operation Research Analyst, Market Research Analyst, Equity Research Analyst
| Parameter | Market Research Analyst | Financial Research Analyst |
|---|---|---|
| Main Objective | The main objective of a Market Research Analyst is to perform market research in order to forecast and identify the current consumer likings | The main objective of a Financial Research Analyst is to identify the best investment opportunities for clients. |
| Scope | Market Research Analysts are mostly in demand by Marketing Agencies who strategize their product marketing based on Market research. | Financial Research Analysts are mostly recruited by Investment Companies, Stock trading companies. |
| Education Required | Graduation in any discipline. | Graduation in B.com. is preferred. |
| Skills Required | Excel, Business Analysis, Tableau, Technical Writing | Financial Modelling, Financial Reporting, Technical Writing, Policy Analysis |
| Average Salary | INR 4,00,000 | INR 3,80,000 |
| Eligibility | Graduation with at least 45% | Graduation with at least 45% |
| Top Institutes | IFMC, Ivy Professional School, IIPMR | Imarticus, EQ Sis, Financewalk, NIFM |
Top Research Analyst Course Institute in India
Top Research Analyst Course Institute in Delhi
| Institute | Course offered | Fees |
|---|---|---|
| NIFM | Research Analyst | INR 60,000 |
| SLA Consultants | Financial Modelling | - |
| IFMC | Research Analyst | INR 4,500 |
Top Research Analyst Course Institute in Mumbai
| Institute | Course offered | Fees |
|---|---|---|
| Imarticus | Financial Analysis | INR 75,000 |
| AIWMI | CIRA | INR 14,160 |
| ExcelR | Data Science | INR 50,000 |
| FinTree | Financial Modelling | INR 24,000 |
Top Research Analyst Course Institute in Kolkata
| Institute | Course offered | Fees |
|---|---|---|
| Ivy Professional School | Advanced Analytics | - |
| Kredent Academy | CERA | INR 64,000 |
Top Research Analyst Course Institute in Chennai
| Institute | Course offered | Fees |
|---|---|---|
| Imarticus | Financial Analysis | INR 75,000 |
| EQ Sis | Stock Market Technical Analysis | INR 6,000 |
| ExcelR | Data Science | INR 50,000 |
| IIPMR | Research Analyst | - |
Top Research Analyst Course Institute in Bangalore
| Institute | Course offered | Fees |
|---|---|---|
| IFMC | Research Analyst | INR 4,500 |
| IIMRA | Market Research Analyst | INR 37,900 |
| Analytixlabs | Business Analysts | INR 32,000 |
Top Research Analyst Course Institute in Pune
| Institute | Course offered | Fees |
|---|---|---|
| Proschool | Business Analytics, Financial Modelling | - |
| Financewalk | Equity Research | INR 50,000 |
| NIFM | Research Analyst | INR 60,000 |
Skills Required to be a Research Analyst
Below is the list of top skills an Analyst with knowledge of Research Analysts should have. One should have sound knowledge of the following software.
| MS Excel | Financial Modelling |
| Business Analysis | Tableau |
| Project Management | Python |
| Financial Reporting | Technical Writing |
Scope of Research Analyst Courses
- High Studies: After completing Research Analyst courses, candidates can opt for PG or Phd courses in the related domain as it will help them get a better salary. They can also opt to move abroad and continue their studies.
- Start Job: They can also start their career by working as a research analyst in areas like finance, health, sales, market research, consumer insight, and insurance. The average starting salary ranges from INR 3 LPA to INR 7 LPA.
Top Job Profiles
| Job Profile | Job Description |
|---|---|
| Market Research Analyst | Market research analysts collect data and information on competitors, consumers, and the market and drive to a conclusion based on this collected data. |
| Financial Analyst | A Financial Analyst performs research in the field of finance for clients. They make reports, conduct research, and form plans to tackle the financial problem. |
| Operations Research Analyst | Operations Research Analysts are involved in all functions of an organization. They collaborate with all departments and help managers decide on how the resources should be allocated, supply chain management, etc. |
| Equity Research Analyst | Equity Research analysts work for securities and find the best investment opportunities. They make recommendations, reports and do the analysis of the portfolio of various investment opportunities. |
Top Recruiters
| TCS | Capgemini |
| Karvy Stock Broking | SG Analytics Pvt. Ltd. |
| Cognizant | IBM |
| Accenture | Global Data |
| Infosys | Tech Mahindra |
| J.P Morgan | Goldman Sachs |
| Clarivate Analytics | Thomsan Reuters |
| Deloitte | CRISIL |
Salary post completion of Research Analyst Courses
Research Analyst course is a skill that every Analyst learns. Following are the job profiles a person who has done the Research Analyst course can get.
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Market Research Analyst | Market research analysts collect data and information on competitors, consumers, and the market and drive to a conclusion based on this collected data. | INR 4,50,000 |
| Financial Analyst | A Financial Analyst performs research in the field of finance for clients. They make reports, conduct research, and form plans to tackle the financial problem. | INR 4,92,000 |
| Operations Research Analyst | Operations Research Analysts are involved in all functions of an organization. They collaborate with all departments and help managers decide on how the resources should be allocated, supply chain management, etc. | INR 7,00,000 |
| Equity Research Analyst | Equity Research analysts work for securities and find the best investment opportunities. They make recommendations, reports and do the analysis of the portfolio of various investment opportunities. | INR 7,60,000 |
Company Wise
Different companies hire Research Analysts for different profiles at different pay packages. A person who has done a Research Analyst course can be offered roles of Market Research Analyst, Financial Analyst, Operations Research Analyst, Equity Research Analyst, etc. Some of the best companies are listed below.
| Company | Average Salary |
|---|---|
| J.P Morgan | INR 16,00,000 |
| Goldman Sachs | INR 19,94,000 |
| Clarivate Analytics | INR 3,40,000 |
| SG Analytics Pvt. Ltd. | INR 3,48,000 |
| Thomsan Reuters | INR 3,75,000 |
| Global Data | INR 4,42,000 |
| Karvy Stock Broking | INR 4,54,000 |
| Deloitte | INR 5,50,000 |
| CRISIL | INR 9,67,000 |
Gender Wise
The company that hires candidates with at least basic knowledge of the Research Analyst course are offered different salaries to each gender. The companies have at least 65% male employees and the rest are female employees.
| Gender | Average Salary |
|---|---|
| Male | INR 5,50,000 |
| Female | INR 4,50,000 |
City Wise
Companies offer Salaries based on the location also. Some of the high-paying cities are Bengaluru, Pune, Mumbai, Delhi, Noida, Hyderabad, etc. Employees in these cities earn more than the national average of the country.
| City | Average Salary (INR) |
|---|---|
| Chennai | INR 2,94,000 |
| Hyderabad | INR 3,60,000 |
| Pune | INR 5,80,000 |
| Mumbai | INR 5,75,000 |
| Noida | INR 7,00,000 |
| Gurgaon | INR 16,70,000 |
Experience wise
As a person gains knowledge, he/she moves up the ladder and gets promoted with higher job profiles/roles with good Income. A person as a Fresher can earn INR 3,00,000 per annum whereas a person with experience of more than 5 years can earn INR 5,00,000.
| Experience (in Years) | Average Salary |
|---|---|
| Fresher (0-1) | INR 2,50,000 |
| Early Career (1-4) | INR 3,40,000 |
| Mid-Career (5-9) | INR 5,00,000 |
Research Analyst Course: FAQs
Ques. What makes a person a good research analyst?
Ques. What are the duties and responsibilities of a Research Analyst
- He/she should be able to thoroughly analyze the data
- Analyze past data and predict the future trend
- Forecasting and recommending improvements to the business processes.
- Use data analysis and interpretations for the decision-making of the business.
- Using Economical, Statistical, and data modeling tools and techniques.
- Storing data for future research projects.
- Testing the processes, protocols for improvement, and efficiency.
Ques. What are the future prospects of Research Analysts?
Ques. What are the employment sectors for Research Analysts?
Ques. Which books can I refer to for being a successful Research Analyst?
- Best Practices for Equity Research Analysts: Essentials for Buy-Side and Sell-Side Analysts by James Valentine
- The Investment Checklist: The Art of In-Depth Research by Michael Shearn
- How Markets Really Work: Quantitative Guide to Stock by Larry Connors
- Valuation: Measuring and Managing the Value of Companies by McKinsey & Company and Tim Koller
- Security Analysis: Sixth Edition, Foreword by Warren Buffett by Benjamin Graham and David Dodd
Ques. What is the duration of the various courses for Research Analysts?
Ques. How do I prepare for the Research Analyst Job Interview?
Ques. Can I do any other bachelor's degree along with the bachelor's degree for Research Analysts?
Ques. What are various Research Analyst Job Profiles?
Ques. What are the examinations to be a certified Research Analyst?
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