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Operations analyst hiring summary. Here are some key points about hiring operations analysts in the United States:
Here's a step-by-step operations analyst hiring guide:
Operations analysts serve an essential role within the operations team that supports data management, trade processes, client reporting, and problem resolution. They have to ensure data systems integrity by working closely with the operations team and the client support services manager. Their work focuses on several areas, including maintaining trading systems and portfolio accounting, creating and verifying client performance files, and performing electronic operations reconciliation. To be qualified for this position, one should possess several qualities, including proficient computer skills, excellent communication skills, and attention to detail.
The operations analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
You should also consider the ideal background you'd like them an operations analyst to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an operations analyst that fits the bill.
This list shows salaries for various types of operations analysts.
| Type of Operations Analyst | Description | Hourly rate |
|---|---|---|
| Operations Analyst | Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions. | $21-43 |
| Analyst Internship | An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more | $13-25 |
| Analyst Lead | The duties of an analyst lead depend on one's line of work or industry of employment. Typically, their responsibilities revolve around performing research and analysis, coordinating with different departments to gather leads and data, reviewing findings, and producing reports and presentations for the stakeholders and other higher-ranking officials... Show more | $35-58 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $75,631 | $36 |
| 2 | District of Columbia | $75,467 | $36 |
| 3 | California | $74,980 | $36 |
| 4 | Virginia | $74,572 | $36 |
| 5 | Maine | $74,029 | $36 |
| 6 | New York | $69,734 | $34 |
| 7 | Maryland | $68,892 | $33 |
| 8 | Delaware | $68,440 | $33 |
| 9 | North Carolina | $65,308 | $31 |
| 10 | Illinois | $65,199 | $31 |
| 11 | Washington | $63,536 | $31 |
| 12 | Ohio | $62,951 | $30 |
| 13 | Texas | $62,821 | $30 |
| 14 | Pennsylvania | $62,168 | $30 |
| 15 | Connecticut | $62,082 | $30 |
| 16 | Massachusetts | $60,326 | $29 |
| 17 | Minnesota | $59,001 | $28 |
| 18 | Arizona | $58,389 | $28 |
| 19 | Colorado | $58,245 | $28 |
| 20 | Oregon | $57,106 | $27 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Intuitive Surgical | $102,013 | $49.04 | 5 |
| 2 | Centerbridge Partners | $101,104 | $48.61 | |
| 3 | TechnipFMC | $100,826 | $48.47 | 1 |
| 4 | PayPal | $99,502 | $47.84 | 6 |
| 5 | Genentech | $96,130 | $46.22 | |
| 6 | Icma-rc | $96,063 | $46.18 | 1 |
| 7 | The Citadel | $95,679 | $46.00 | 5 |
| 8 | Meta | $95,460 | $45.89 | 169 |
| 9 | Best Buy | $93,789 | $45.09 | 1 |
| 10 | Virtu Financial | $93,365 | $44.89 | 1 |
| 11 | TD Bank | $92,987 | $44.71 | 17 |
| 12 | eBay | $92,674 | $44.55 | 5 |
| 13 | Ross Stores | $92,241 | $44.35 | 26 |
| 14 | HSBC Bank | $91,874 | $44.17 | |
| 15 | Burlington | $91,140 | $43.82 | 12 |
| 16 | $90,730 | $43.62 | 104 | |
| 17 | Uber Technologies | $90,724 | $43.62 | |
| 18 | Dropbox | $90,663 | $43.59 | 1 |
| 19 | Nike | $90,502 | $43.51 | 6 |
| 20 | Invesco | $90,456 | $43.49 | 8 |
An operations analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of an operations analyst job description:
There are a few common ways to find operations analysts for your business:
Recruiting operations analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
If your interviews with operations analyst applicants aren't enough to make a decision, you should also consider including a test project. These are often the best, most straightforward, and least bias-prone ways of determining who will likely succeed in the role. If you don't know how to design an appropriate test, you can ask someone else on the team to create it or take a look at these websites to get a few ideas:
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect operations analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new operations analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire operations analysts, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire operations analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $63,082 per year for an operations analyst, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for operations analysts in the US typically range between $21 and $43 an hour.