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Average Research Analyst Salary in Spain for 2026

A research analyst in Spain earns about 28,180 EUR a year. That's 11% below the national average of 31,520 EUR.

Pay ranges widely from country to country and from role to role. The lowest reported salaries in Spain sit around 11,360 EUR a year, while the very top stretches to 44,140 EUR. Everything on this page is in Euro (EUR, symbol €), which lets you compare numbers like-for-like without worrying about exchange rates.

The numbers here are pulled together from official government wage data, large independent salary surveys, and aggregated worker-reported pay. Most reported salaries include the benefits that are common in Spain, such as housing or transport allowances, which is worth keeping in mind if you're comparing against a country where those are usually paid on top.


How much does a research analyst make in Spain?

Average salary
28,180 EUR
2,348 EUR per month
Lowest reported
11,360 EUR
946 EUR per month
Highest reported
44,140 EUR
3,678 EUR per month

A typical research analyst working in Spain brings home around 2,348 EUR a month before tax. Entry-level pay starts near 11,360 EUR, and the top of the ladder reaches roughly 44,140 EUR for the most experienced and specialised people in the role.

The wide gap between low end and top end reflects how much pay can vary inside the same job title. A junior research analyst working at a small local employer earns very different money from a senior at a multinational. Skills, employer, city and years in the seat all push the number around. For a cross-country comparison, see the research analyst salary in Belgium or Netherlands, both of which pay in the same currency.


How research analyst pay ranges in Spain

A good way to think about salary in Spain is to look at the distribution rather than the headline average. Half of all research analysts in Spain earn less than 27,560 EUR a year, and the other half earn more. That middle number is the median, and it is usually more useful than the average for answering "is my pay normal here".

Looking at the quartiles fills in the picture. A quarter of earners take home less than 19,360 EUR (the 25th percentile), and a quarter clear 36,720 EUR (the 75th percentile). The middle 50% of research analysts sit somewhere inside that band, which is where the typical reader of this page probably lives.

The very lowest reported salaries sit around 11,360 EUR. The highest stretch to 44,140 EUR, though only a small fraction of earners ever reach that level. If you are deciding whether your own offer or current pay is reasonable, work out which of those four bands you would fall into and use that as your reference point.

11,360
Low
27,560
Median
44,140
High
19,360
25th
36,720
75th
The middle 50% sit between the 25th and 75th percentile Tails are the lowest and highest reported All figures in EUR

Research analyst pay by experience in Spain

Years of experience is the single biggest lever on pay for a research analyst in Spain, ahead of education and almost any other single factor. The longer you have been in the role, the more your employer can trust you to handle complexity, mentor others and act independently, all of which command higher pay. The chart below shows how the typical research analyst salary changes as you move through the career ladder.

  • 0-2 Years
    15,880 EUR
  • 2-5 Years
    +32% from previous
    20,940 EUR
  • 5-10 Years
    +31% from previous
    27,480 EUR
  • 10-15 Years
    +32% from previous
    36,160 EUR
  • 15-20 Years
    +3% from previous
    37,380 EUR
  • 20+ Years
    +7% from previous
    40,040 EUR

The single largest jump on the ladder is from 0 - 2 Years to 2 - 5 Years, where pay rises by about 32%. That is the point at which a research analyst typically goes from "competent in the role" to "the person other people in the team learn from", and the market pays well for that step.


Research analyst pay by education in Spain

Education sits alongside experience as one of the biggest factors driving research analyst pay in Spain. Higher qualifications consistently pull higher salaries, but the size of the gap tends to be smallest at junior levels and widens as people move up. Two people in the same role with the same years of experience but different degrees can end up earning very different money once they reach mid-career.

Below is the average research analyst salary in Spain broken down by the highest level of education a worker has completed.

  • High School
    16,980 EUR
  • Certificate or Diploma
    +18% from previous
    19,980 EUR
  • Bachelor's Degree
    +63% from previous
    32,620 EUR
  • Master's Degree
    +23% from previous
    40,040 EUR

Research analyst gender pay gap in Spain

The gender pay gap is a stubborn feature of almost every labour market, and Spain is no exception. Male research analysts in Spain earn an average of 26,400 EUR a year, while female research analysts earn around 26,780 EUR. That works out to a 1% gap in favour of women, even when comparing people doing the same work.

A pay gap of this size has a real long-term cost. Over a typical thirty-year career it can add up to several years of pay, and it compounds through pensions, retirement contributions and bonus-linked stock. Some of the gap is explained by women being more likely to work part-time, take career breaks, or be steered toward lower-paying specialisations. Some of it is straightforward unequal pay for the same job, which is harder to defend.

Research Analyst gender pay gap

1%

Men earn this much less than women on average in Spain.

Women 26,780 EUR
Men 26,400 EUR

Pay raises for a research analyst in Spain

Most countries hand out at least some kind of pay raise every year, typically when an employee's contract is reviewed or as a cost-of-living adjustment to keep wages roughly in step with inflation. The rhythm and size of those raises varies hugely between industries.

A typical worker doing this role in Spain sees a raise of about 10% every 17 months, which works out to roughly 7% on an annual basis. That figure is the typical underlying rate; in years where inflation runs high you can usually expect a bit more, and in flat-economy years a bit less.

Across all jobs in Spain, the national average raise is around 8% every 17 months.

By industry

Industries with the highest pay raises in Spain:

  • Banking
  • Energy
    1%
  • Information Technology
  • Healthcare
    2%
  • Travel
  • Construction
  • Education

By experience level

Experienced workers tend to see larger raises. Retaining a senior is cheaper than replacing them, so employers fight harder for them.

  • Junior Level
    3% - 5%
  • Mid-Career
  • Senior Level
  • Top Management

Research analyst bonus rates in Spain

Bonuses are the other half of total compensation, and they vary a lot between jobs and industries. Some roles are paid almost entirely in base salary; others lean heavily on bonus structures tied to revenue, project completion or company performance. Whether a job pays a bonus, how big it is, and how often it lands all factor into whether the headline salary is actually a good offer.

58%

58% of research analysts in Spain reported a bonus of some kind in the past twelve months. That makes a research analyst a moderate-bonus role overall, which is useful context when you're weighing up a job offer where the base is below market.

Among those who did receive a bonus, the size of the payment varied substantially. Reported bonuses ranged from 2% to 7% of base salary. The remaining 42% of research analysts reported no bonus at all over the same period.

Which careers pay bonuses in Spain

Revenue-facing roles tend to pay the biggest bonuses. Operational and support roles tend toward smaller, more predictable ones.

  • Finance
  • Architecture
  • Sales
  • Business Development
  • Marketing / Advertising
  • Information Technology
  • Healthcare
  • Insurance
  • Customer Service
  • Human Resources
  • Construction
  • Transport
  • Hospitality

Research analyst: public vs private sector pay

Public-sector pay in Spain is about 6% more than private-sector pay for similar work. The private sector typically offers stronger upside and bigger bonuses; the public sector typically offers better benefits and stability.

Public vs private pay gap

6%

Public-sector workers earn this much more than private-sector workers in Spain on average.

Public sector 34,240 EUR
Private sector 32,200 EUR

Research analyst salary by city in Spain

Research analyst pay is not even across Spain. The chart below shows the highest-paying cities in the dataset, followed by the full location table.

  • Valencia
  • Barcelona
  • Madrid
  • Murcia
  • Malaga
  • Zaragoza
  • Sevilla
  • Palma de Mallorca
  • Las Palmas
  • Bilbao
LocationTypeAverageMedianRange
ValenciaCity31,540 EUR31,940 EUR12,580-46,980 EUR
BarcelonaCity31,540 EUR33,120 EUR13,960-48,140 EUR
MadridCity30,800 EUR27,620 EUR17,100-42,960 EUR
MurciaCity29,040 EUR27,020 EUR13,540-41,480 EUR
MalagaCity28,820 EUR23,360 EUR14,840-40,040 EUR
ZaragozaCity28,820 EUR27,040 EUR12,240-42,400 EUR
SevillaCity26,500 EUR26,500 EUR14,540-41,560 EUR
Palma de MallorcaCity26,020 EUR23,700 EUR12,620-36,720 EUR
Las PalmasCity26,020 EUR23,140 EUR13,700-38,060 EUR
BilbaoCity25,940 EUR24,280 EUR13,900-37,380 EUR


Research Analyst in Spain: FAQs

  • How much does a research analyst make per month in Spain?

    A research analyst in Spain earns about 2,348 EUR a month before tax, based on an annual average of 28,180 EUR.

  • What's the salary range for a research analyst in Spain?

    Entry-level research analysts in Spain start near 11,360 EUR. Top-end pay reaches around 44,140 EUR. The middle 50% of earners sit between 19,360 and 36,720 EUR.

  • Is the median research analyst salary in Spain higher or lower than the average?

    The median is 27,560 EUR, lower than the average of 28,180 EUR. Half of research analysts in Spain earn below the median, half earn above it.

  • What's the gender pay gap for research analysts in Spain?

    Men working as a research analyst in Spain earn around 1% less than women on average (26,400 vs 26,780 EUR a year).

  • Do research analysts in Spain get bonuses?

    About 58% of research analysts in Spain reported a bonus in the past 12 months. Reported bonuses ranged from 2% to 7% of base salary.

  • Do research analysts earn more in the public or private sector in Spain?

    In Spain, the public sector pays a research analyst about 6% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.

  • How often do research analysts in Spain get a pay raise?

    A research analyst in Spain sees a raise of around 10% every 17 months, equivalent to roughly 7% a year.