Forecast Analyst Salary in Illinois
How Much Does a Forecast Analyst make?
Forecast Analyst made a median salary around $72,418 in December, 2024.
The best-paid 25 percent made $81,767 probably that year, while the lowest-paid 25 percent made around $59,800.
Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Check out
Forecast Analyst
jobs in
Illinois
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Best-Paying Cities for Forecast Analyst
The metropolitan areas that pay the highest salary in the Forecast Analyst profession are Bedford Park
, Berwyn
, Broadview
, Brookfield
, Chicago
.
| Bedford Park, IL | $74,258 |
| Berwyn, IL | $74,258 |
| Broadview, IL | $74,258 |
| Brookfield, IL | $74,258 |
| Chicago, IL | $74,258 |
Best-Paying States for Forecast Analyst
The states and districts that pay Forecast Analyst the highest salary are District of Columbia (around $78,789)
, California (around $78,081)
, New Jersey (around $77,585)
, Alaska (around $77,090)
, and Massachusetts (around $77,019)
.
| District of Columbia | $78,789 |
| California | $78,081 |
| New Jersey | $77,585 |
| Alaska | $77,090 |
| Massachusetts | $77,019 |
What is the Career Path of Forecast Analyst?
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Forecast Analyst, the first career path typically starts with a Forecast Analyst II position , and then progresses to Forecast Planning Manager.
The second career path typically starts with a Parts Manager position , and then progresses to Parts Director.
Additionally, the third career path typically starts with an Inventory Control Analyst II position , and then progresses to Inventory Control Director.
Besides, Forecast Analyst can also turn to other related jobs, including
Senior Forecast Analyst
,
Demand Forecast Analyst
,
Sales Forecast Analyst
and
Forecast Analyst II
.
Frequently Asked Questions for Forecast Analyst
Q:
What is the salary range of Forecast Analyst in Illinois?
A:
In 2024
, the lowest-paid Forecast Analyst in Illinois earned an average annual salary of $59,800
, while the highest-paid made $81,767.
Q:
What is the salary for a Forecast Analyst in California?
A:
Forecast Analyst employed in California earned an average salary of $78,081 in 2024.
Average Forecast Analyst Pay vs. Other Jobs
Forecast Analyst earned an average salary of $72,418 in 2024.
Other jobs related to Forecast Analyst earned the following average salary in December, 2024.
Senior Forecast Analyst
made $84,152
,
Demand Forecast Analyst
made $80,601
,
Sales Forecast Analyst
and
Forecast Analyst II
made $86,171
and $83,430 respectively
.
Relevant Jobs of Forecast Analyst
The Senior Forecast Analyst is responsible for analyzing historical data, market trends, and other relevant factors to develop accurate and reliable forecasts for the organization. They will work closely with various departments to gather data and insights, and use advanced statistical and forecasting techniques to create models and projections. The Senior Forecast Analyst will also monitor and evaluate the accuracy of forecasts, and make adjustments as needed to ensure the organization is well-prepared for future demand and market conditions. Additionally, they may provide recommendations for inventory management, resource allocation, and other strategic decisions based on their forecasts. Strong analytical skills, attention to detail, and the ability to communicate complex data and insights to stakeholders are essential for success in this role.
There is currently no job description for Demand Forecast Analyst, be the first to
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the job responsibilities for Demand Forecast Analyst.
There is currently no job description for Sales Forecast Analyst, be the first to
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the job responsibilities for Sales Forecast Analyst.
Forecast Analyst II analyzes inventory levels, production speed, and product demand to determine the amount of finished product that will be produced. Determines the best metrics to use to provide the most accurate representation of the forecast. Being a Forecast Analyst II works with other departments within the organization to determine optimal inventory levels. May require a bachelor's degree. Additionally, Forecast Analyst II typically reports to a supervisor or manager. The Forecast Analyst II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Forecast Analyst II typically requires 2-4 years of related experience.
Forecast Analyst III analyzes inventory levels, production speed, and product demand to determine the amount of finished product that will be produced. Determines the best metrics to use to provide the most accurate representation of the forecast. Being a Forecast Analyst III works with other departments within the organization to determine optimal inventory levels. May require a bachelor's degree. Additionally, Forecast Analyst III typically reports to a supervisor or manager. The Forecast Analyst III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Forecast Analyst III typically requires 4 -7 years of related experience.