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Become A Business Insight And Analytics Manager

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Working As A Business Insight And Analytics Manager

  • Interacting With Computers
  • Analyzing Data or Information
  • Making Decisions and Solving Problems
  • Getting Information
  • Thinking Creatively
  • Mostly Sitting

  • $119,288

    Average Salary

What Does A Business Insight And Analytics Manager Do

Operations research analysts use advanced mathematical and analytical methods to help organizations solve problems and make better decisions.

Duties

Operations research analysts typically do the following:

  • Identify and solve real-world problems in areas such as business, logistics, healthcare, or other fields
  • Collect and organize information from a variety of sources, such as computer databases, sales histories, and customer feedback
  • Gather input from workers involved in all aspects of a problem or from others who have specialized knowledge, so that they can help solve the problem
  • Examine information to figure out what is relevant to a problem and what methods might be used to analyze it
  • Use statistical analysis, simulations, predictive modeling, or other methods to analyze information and develop practical solutions to business problems
  • Advise managers and other decision makers on the impacts of various courses of action to take in order to address a problem
  • Write memos, reports, and other documents explaining their findings and recommendations for managers, executives, and other officials

Operations research analysts are involved in all aspects of an organization. They help managers decide how to allocate resources, develop production schedules, manage the supply chain, and set prices. For example, they may help decide how to organize products in supermarkets or help companies figure out the most effective way to ship and distribute products.

Analysts must first identify and understand the problem to be solved or the processes to be improved. Analysts typically collect relevant data from the field and interview clients or managers involved in the business processes being examined. Analysts show the implications of pursuing different actions and may assist in achieving a consensus on how to proceed.

Operations research analysts use sophisticated computer software, such as databases and statistical programs, and modeling packages, to analyze and solve problems. Analysts use these mathematical programs to simulate current and future events and evaluate alternative courses of action. Analysts break down problems into their various parts and analyze the effect that different changes and circumstances would have on each of these parts. For example, to help an airline schedule flights and decide what to charge for tickets, analysts may take into account the cities that have to be connected, the amount of fuel required to fly those routes, the expected number of passengers, pilots’ schedules, maintenance costs, and fuel prices.

There is no one way to solve a problem, and analysts must weigh the costs and benefits of alternative solutions or approaches in their recommendations to managers.

Because problems are complex and often require expertise from many disciplines, most analysts work on teams. Once a manager reaches a final decision, these teams may work with others in the organization to ensure that the plan arrived at is successful.

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How To Become A Business Insight And Analytics Manager

Although applicants may need a master’s degree for most operations research positions, a bachelor’s degree is enough for some entry-level positions. Because few schools offer bachelor’s and advanced degree programs in operations research, analysts typically have degrees in other, related fields.

Education

Although some employers prefer to hire applicants with a master’s degree, many entry-level positions are available for those with a bachelor’s degree. Although some schools offer bachelor’s and advanced degree programs in operations research, some analysts have degrees in other technical or quantitative fields, such as engineering, computer science, analytics, or mathematics.

Because operations research is based on quantitative analysis, students need extensive coursework in mathematics. Courses include statistics, calculus, and linear algebra. Coursework in computer science is important because analysts rely on advanced statistical and database software to analyze and model data. Courses in other areas, such as engineering, economics, and political science, are useful because operations research is a multidisciplinary field with a wide variety of applications.

Continuing education is important for operations research analysts. Keeping up with advances in technology, software tools, and improved analytical methods is vital.

Other Experience

Many operations research analysts who work with the military are veterans of the U.S. Armed Forces. 

Some positions may require applicants to undergo a background check in order to attain a security clearance. 

Important Qualities

Analytical skills. Operations research analysts use a wide range of methods, such as forecasting, data mining, and statistical analysis, to examine and interpret data. They must determine the appropriate software packages and understand computer programming languages to design and develop new techniques and models.

Communication skills. Operations research analysts often present their data and conclusions to managers and other executives. They also need to communicate technical information to people without a technical background.

Critical-thinking skills. Operations research analysts must be able to figure out what information is relevant to their work. They also must be able to evaluate the costs and benefits of alternative solutions before making a recommendation.

Interpersonal skills. Operations research analysts typically work on teams. They also need to be able to convince managers and top executives to accept their recommendations.

Math skills. The models and methods used by operations research analysts are rooted in statistics, calculus, linear algebra, and other advanced mathematical disciplines.

Problem-solving skills. Operations research analysts need to be able to diagnose problems on the basis of information given to them by others. They then analyze relevant information to solve the problems.

Writing skills. Operations research analysts write memos, reports, and other documents explaining their findings and recommendations.

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Business Insight And Analytics Manager Demographics

Gender

Male

68.5%

Female

29.7%

Unknown

1.8%
Ethnicity

White

56.0%

Asian

15.9%

Hispanic or Latino

14.9%

Black or African American

9.1%

Unknown

4.1%
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Foreign Languages Spoken

Spanish

33.3%

Mandarin

25.0%

Portuguese

8.3%

Chinese

8.3%

German

8.3%

French

8.3%

Russian

8.3%
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Business Insight And Analytics Manager Education

Schools

Northwestern University

9.7%

University of Southern California

9.7%

Harvard University

6.5%

Florida State University

6.5%

Ohio State University

6.5%

University of California - Irvine

6.5%

Arizona State University

6.5%

Columbia University

6.5%

University of Iowa

6.5%

Western Washington University

3.2%

Indiana Institute of Technology

3.2%

University of Houston

3.2%

University of Colorado at Boulder

3.2%

University of California - Berkeley

3.2%

Massachusetts Institute of Technology

3.2%

University of Florida

3.2%

University of North Carolina at Greensboro

3.2%

Webster University

3.2%

Montclair State University

3.2%

Casper College

3.2%
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Majors

Business

25.6%

Marketing

16.3%

Finance

10.5%

Management

8.1%

Accounting

5.8%

Statistics

4.7%

Economics

4.7%

Mathematics

3.5%

Chemistry

3.5%

Pharmacy

2.3%

Management Science

2.3%

Law

2.3%

Mechanical Engineering

2.3%

International Business

1.2%

Psychology

1.2%

Information Sciences

1.2%

General Education, Specific Areas

1.2%

English

1.2%

Forestry

1.2%

Political Science

1.2%
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Degrees

Masters

60.0%

Bachelors

25.7%

Other

6.7%

Doctorate

3.8%

Certificate

1.9%

Associate

1.9%
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Temporary

Real Business Insight And Analytics Manager Salaries

Job Title Company Location Start Date Salary
Manager, Business Analytics 3 EBAY Inc. San Jose, CA Dec 14, 2016 $171,175
Manager, Business Analytics 2 EBAY Inc. San Jose, CA Nov 18, 2016 $161,579
Manager, Business Analytics 3, GCP Analytics Paypal, Inc. San Jose, CA Nov 29, 2015 $160,500
Manager, Business Analytics Nerdwallet, Inc. San Francisco, CA Mar 21, 2016 $160,000
Manager, Business Analytics 2 Stubhub San Francisco, CA Mar 23, 2016 $145,725
Manager, Business Analytics 2 Stubhub, Inc. San Francisco, CA Aug 25, 2014 $145,000
Manager, Business Analytics 2 EBAY Inc. Bellevue, WA Nov 18, 2013 $145,000
Manager, Business Analytics 2 EBAY Inc. Bellevue, WA Jan 07, 2015 $145,000
Manager, Business Value and Data Analytics Autogrid Systems, Inc. Redwood City, CA Jun 18, 2016 $144,893
Business Insight and Analytics Manager Kanjoya, Inc. San Francisco, CA Nov 04, 2016 $144,102
Manager, Business Analytics 1 EBAY Inc. San Jose, CA Jun 10, 2015 $143,000
Manager, Business Analytics Paypal, Inc. San Jose, CA Feb 23, 2016 $143,000
Manager, Business Analytics 2 EBAY Inc. San Jose, CA Dec 05, 2014 $140,930
Manager, Business Analytics Linkedin Corporation Mountain View, CA Jul 21, 2014 $122,762 -
$220,900
Business Insight and Analytics Manager Kemoko Inc. New York, NY Oct 31, 2016 $120,000
Manager, Valuation & Business Analytics BDO USA, LLP San Francisco, CA Jun 24, 2016 $120,000
Manager, Insights & Analytics Sentient Interactive, LLC New York, NY Apr 25, 2016 $120,000
Manager, Business Analytics Linkedin Corporation Mountain View, CA Sep 10, 2014 $118,900 -
$220,900
FSO-EI Manager-Business Analytics Ernst & Young U.S. LLP McLean, VA Mar 04, 2015 $118,800 -
$145,000
Manager, Format Business Analytics Sears Holdings Management Corporation Hoffman Estates, IL Sep 12, 2013 $118,000
Manager, Business Analytics Allergan USA, Inc. Irvine, CA Nov 11, 2013 $118,000
Manager, Business Data and Reporting Analytics Inovalon, Inc. Bowie, MD May 25, 2015 $106,787 -
$116,787
Manager, Customer Insights and Analytics Wal-Mart Associates, Inc. San Bruno, CA Feb 01, 2013 $106,000
Manager, Business Performance Analytics The Travelers Indemnity Company Hartford, CT Sep 09, 2015 $105,914 -
$110,000
Manager of Customer Insights-Advanced Analytics H-E-B San Antonio, TX Jun 30, 2016 $105,000
Manager, Business Data and Reporting Analytics Inovalon, Inc. Bowie, MD Jul 20, 2016 $103,750
Manager, Analytic Insights, BBO (Base Business Optimization) Mondelez Global LLC East Hanover, NJ Nov 26, 2015 $102,600
Manager of Business Analytics Longtail Ad Solutions, Inc. D/B/A JW Player New York, NY May 24, 2016 $101,000

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Top Skills for A Business Insight And Analytics Manager

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  1. Strategy Development
  2. Business Insights
  3. Key Performance Indicators
You can check out examples of real life uses of top skills on resumes here:
  • Recognized for creating reporting enhancements to gain faster business insights.
  • Reported on regional accounts, evaluated projections of revenue forecast against actual, and recommended improvements in analyzing Key Performance Indicators.
  • Performed time series and regression based ROI modeling for our clients * Design and implement an organization wide database management system.
  • Lead data infrastructure projects to implement campaign management, overhaul source coding, and rearchitect the corporate data warehouse.
  • Conducted multiple major market research projects for manufacturers to assess market place and competitive products.

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Top 10 Best States for Business Insight And Analytics Managers

  1. Virginia
  2. New Jersey
  3. California
  4. District of Columbia
  5. Rhode Island
  6. Hawaii
  7. Iowa
  8. Michigan
  9. Delaware
  10. Washington
  • (86 jobs)
  • (90 jobs)
  • (390 jobs)
  • (16 jobs)
  • (8 jobs)
  • (5 jobs)
  • (44 jobs)
  • (49 jobs)
  • (15 jobs)
  • (72 jobs)

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