Decision analysts are responsible for organizing and overseeing the development of requirements/resources necessary to meet objectives. They translate recommendation into communication materials to effectively present to all levels of management. They also incorporate visualization techniques to support the analysis's relevant points and ease the understanding for less technical audiences.
Decision analysts earn an average salary of $75,000 annually or $36 per hour. They apply quantitative analysis and interpretation of data using appropriate and established research and statistical methodologies and objectives. Part of their duties includes deriving meaningful conclusions and implications from data to report and present findings and recommendations to clients. They also oversee and control the quality of execution of studies by all parties.
Decision analysts typically hold a bachelor's or master's degree in business, statistics, economics, or other related fields from an accredited university in terms of academic qualifications. They are expected to have some years of proven work experience as a decision analyst or in a similar role. Some employers prefer candidates with solid writing, math, and interpersonal skills.
There is more than meets the eye when it comes to being a decision analyst. For example, did you know that they make an average of $35.9 an hour? That's $74,676 a year!
Between 2018 and 2028, the career is expected to grow 26% and produce 28,100 job opportunities across the U.S.
There are certain skills that many decision analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed writing skills, math skills and interpersonal skills.
When it comes to the most important skills required to be a decision analyst, we found that a lot of resumes listed 25.4% of decision analysts included data analysis, while 15.7% of resumes included sql, and 14.7% of resumes included sas. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the decision analyst job title. But what industry to start with? Most decision analysts actually find jobs in the finance and technology industries.
If you're interested in becoming a decision analyst, one of the first things to consider is how much education you need. We've determined that 64.0% of decision analysts have a bachelor's degree. In terms of higher education levels, we found that 24.0% of decision analysts have master's degrees. Even though most decision analysts have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a decision analyst. When we researched the most common majors for a decision analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on decision analyst resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a decision analyst. In fact, many decision analyst jobs require experience in a role such as business analyst. Meanwhile, many decision analysts also have previous career experience in roles such as finance analyst or research assistant.