How Much Do Materials Analysts Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary materials analysts make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for materials analysts and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of materials analysts are offering as compensation.
Keep reading to learn more about how much materials analysts can expect to make in the United States.
At a Glance: Salary & Jobs for Materials Analysts
According to data from 2023, there were about 256,678 positions for materials analysts in the United States. In terms of salary, the national median salary for materials analysts was reported to be $79,394. Additionally, when examining job demand, employers across the country posted 135,127 job postings related to positions for materials analysts.
How Much Money Do Materials Analysts Make?
Median salary is just one data point. To build a better understanding of how much money materials analysts and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for materials analysts.
Annual Salary for Materials Analysts
According to the BLS, the lowest earners for materials analysts and related professions earned about $47,986 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $128,544 annually.
As mentioned previously, the median salary for materials analysts in the United States in 2023 was $79,394.
Annual Salary Range For Materials Analysts In 2023
Hourly Salary for Materials Analysts
The BLS also breaks down compensation for materials analysts by hourly salary, and the median average hourly pay for materials analysts in 2023 was $38. Lowest hourly earners took home $23 while the highest reported hourly salaries for materials analysts was $62.
Hourly Salary Range For Materials Analysts In 2023
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Advertised Compensation for Materials Analysts
Data from the BLS is one way to dig into compensation for materials analysts, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for materials analysts.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Materials Analysts
Advertised Annual Salary
During a review of 152,047 job postings related to materials analysts, advertised salary was included in 48,999 of them, which was 32%. Based on those postings, the median advertised salary for materials analysts was $60,544 per year.
Hourly Salary from Job Postings for Materials Analysts
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for materials analysts. Based on 36% of postings with advertised compensation, the median hourly salary for open positions for materials analysts in the United States is about $29.
Salary Trend for Materials Analysts
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for materials analysts. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for materials analysts dating back to September 2020, advertised salaries for materials analysts have increased 42%.
Advertised Wage Trend For Materials Analysts
What's the Job Growth for Materials Analysts?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for materials analysts over the next 10 years.
According to the data obtained through Lightcast,™ there were 256,848 jobs for materials analysts in the United States in 2023. By 2033, it is expected that about 50,495 jobs will be added. That's a 19.7% increase over the next 10-year period.
Employment Projections For Materials Analysts
Additional Links
Ready to dig deeper into career information about materials analysts? Visit our other pages focused on salary and education for materials analysts.
What do materials analysts do?
Materials Analysts: How do you become one?
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