What does an Analyst do?
Analysts usually work in an office environment collecting and interpreting a company’s performance statistics and other relevant data. They take this information and rework it into charts, graphs and workflows to help leadership teams better understand the data. Analysts use current statistics to find areas of improvement regarding the company’s performance, efficiency or financial status. They’ll then provide their recommendations for new business strategies or operational processes and present these to executives. After implementing the plan, Analysts measure its progress to find more ways to improve it.
Analyst skills and qualifications
Analyst applicants should meet basic skill and qualification requirements to be able to perform the common job duties. Common skill requirements are:
- At least four years’ experience as an Analyst in an established organization
- 5+ years’ experience in data mining
- Leadership skills with proven experience managing a small team
- Strong analytical skills
- Proficiency in mathematics with the skill to translate complex mathematical information into understandable reports
- Strong oral and written communication skills
- Report writing and presentation skills
Analyst salary expectations
An Analyst makes an average salary of $70.898 per year and a bonus of up to $4,000. Candidates with higher qualifications may attract a higher salary, bonus and benefits subject to the company’s terms and conditions.
Analyst education and training requirements
The person who applies for this position should have a minimum of a bachelor’s degree in computer science or a degree in mathematics from an accredited institution or its equivalent. An MSc in mathematics, computer science or machine learning is an added advantage. Other fields that are acceptable include economics, statistics and information management at either a bachelor’s or master’s level.
Some certifications that are desirable but not mandatory for applicants include Professional in Business Analysis (PBA), Agile Analysis Certification (AAC) and Certified Business Analysis Professional (CBAP). Relevant work and hands-on experience may be a substitute for any of the above certifications.
Analyst experience requirements
The successful candidate should have worked as an Analyst previously at an established business or organization. They should possess solid technical expertise in formulating database designs, data models, data mining skills and segmentation techniques. A solid grasp of reporting techniques, databases (SQL and no-SQL), programming experience and programming concepts is crucial for this role. Since this is a dynamic field, the applicant should be up to date with current data mining trends and tools. The best candidates will have experience of statistical tools such as Excel, SPSS and SAS.
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