What is a research analyst job?
A research analyst job is a career in which individuals collect, analyze, and interpret data and information in order to provide insights and recommendations to clients or organizations. The data can come from a variety of sources, such as surveys, market research, financial statements, and other data sets. The insights and recommendations provided by research analysts are often used by businesses, government agencies, non-profit organizations, and other entities to make informed decisions.
What do research analysts usually do in this position?
Research analysts are responsible for collecting and analyzing data, creating reports and presentations, and communicating findings to clients or organizations. They may also provide recommendations based on their research, and work with other team members to develop strategies and plans. Research analysts may specialize in a particular industry or area of research, such as market research, financial analysis, or data analytics.
Top 5 skills for the research analyst position
- Strong analytical skills
- Excellent communication skills
- Attention to detail
- Ability to work independently and as part of a team
- Proficiency in data analysis tools and software
How to become a research analyst?
To become a research analyst, one typically needs a bachelor's degree in a relevant field such as economics, statistics, or business. Some employers may require a master's degree or other advanced degree in a related field. Relevant work experience in data analysis, research, or a related field is also typically required. Ongoing training and professional development is also important to stay current with new technologies and trends in the field.
Average salary for research analyst position
According to the Bureau of Labor Statistics, the median annual salary for market research analysts and marketing specialists was $63,790 as of May 2020. However, salaries can vary depending on factors such as geographic location, level of education and experience, and industry.
Roles and types of research analyst jobs
Research analysts may work in a variety of industries, including finance, healthcare, marketing, and government. Some common job titles for research analysts include market research analyst, financial analyst, data analyst, and business analyst. Research analysts may work for corporations, consulting firms, government agencies, or non-profit organizations.
Locations with the most popular research analyst jobs in the USA
Some of the locations with the highest concentration of research analyst jobs in the United States include New York City, Washington D.C., San Francisco, Chicago, and Los Angeles. However, research analyst jobs can be found in many different locations throughout the country.
What are the typical tools used by research analysts?
Research analysts may use a variety of tools and software to collect and analyze data, including statistical software programs such as SPSS or SAS, data visualization tools such as Tableau or Power BI, and survey software such as SurveyMonkey or Qualtrics.
In conclusion
Research analyst jobs are an important and growing field, with opportunities in a wide range of industries and locations. To be successful in this field, individuals need strong analytical skills, excellent communication skills, and proficiency in data analysis tools and software. With the right education and experience, individuals can pursue a rewarding career as a research analyst.