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Operations research analyst hiring summary. Here are some key points about hiring operations research analysts in the United States:
Here's a step-by-step operations research analyst hiring guide:
Operations research analysts are responsible for assisting organizations in making better decisions. These professionals work to develop solutions that will aid businesses to operate more efficiently using advanced techniques such as data mining, optimization, and mathematical modeling. They work closely with key organizational stakeholders to stay up-to-date on short-term and long-term business goals. They also conduct research that will give them insights they need to guide decision-makers and develop solutions using predictive modeling, simulations, and statistical analysis.
Before you start hiring an operations research analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect operations research analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
Here's a comparison of operations research analyst salaries for various roles:
| Type of Operations Research Analyst | Description | Hourly rate |
|---|---|---|
| Operations Research Analyst | Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions. | $23-54 |
| Statistician | A statistician is a professional who gathers data and uses mathematical techniques to analyze and interpret data and draw conclusions. Statisticians are required to develop survey questionnaires or reporting forms so that they can collect the data they needed... Show more | $28-57 |
| Data Scientist | A Data Scientist analyzes information from multiple sources in order to gain maximum insight that can give the company a competitive advantage. They work in different domains, including manufacturing, healthcare, education, and finance. | $36-71 |
Including a salary range in your operations research analyst job description is one of the best ways to attract top talent. An operations research analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $99,687 | $48 |
| 2 | New Jersey | $93,578 | $45 |
| 3 | California | $92,441 | $44 |
| 4 | Virginia | $87,659 | $42 |
| 5 | Washington | $87,565 | $42 |
| 6 | Illinois | $86,293 | $41 |
| 7 | New York | $86,034 | $41 |
| 8 | Delaware | $82,838 | $40 |
| 9 | North Carolina | $82,522 | $40 |
| 10 | Massachusetts | $79,018 | $38 |
| 11 | Pennsylvania | $75,794 | $36 |
| 12 | Ohio | $75,334 | $36 |
| 13 | Texas | $70,560 | $34 |
| 14 | Arizona | $67,730 | $33 |
| 15 | Oklahoma | $67,074 | $32 |
| 16 | Nevada | $61,636 | $30 |
| 17 | Indiana | $59,158 | $28 |
| 18 | Georgia | $54,808 | $26 |
| 19 | Tennessee | $52,417 | $25 |
| 20 | Florida | $51,567 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | The Citadel | $164,421 | $79.05 | 15 |
| 2 | McKinsey & Company Inc | $141,584 | $68.07 | 79 |
| 3 | Bain & Company | $137,052 | $65.89 | 3 |
| 4 | A.T. Kearney | $134,240 | $64.54 | |
| 5 | Pacific Investment Management Company LLC | $134,124 | $64.48 | 12 |
| 6 | Meta | $131,605 | $63.27 | 798 |
| 7 | BP America Inc | $129,246 | $62.14 | 6 |
| 8 | NVIDIA | $128,835 | $61.94 | 38 |
| 9 | Goldman Sachs | $126,374 | $60.76 | 7 |
| 10 | D. E. Shaw group | $125,568 | $60.37 | |
| 11 | Genentech | $124,855 | $60.03 | 25 |
| 12 | Ernst & Young | $123,711 | $59.48 | 355 |
| 13 | $123,711 | $59.48 | 247 | |
| 14 | Better | $123,645 | $59.44 | |
| 15 | Alvarez & Marsal | $123,521 | $59.39 | 64 |
| 16 | Boehringer Ingelheim | $123,345 | $59.30 | 9 |
| 17 | PayPal | $123,012 | $59.14 | 9 |
| 18 | Apple | $122,856 | $59.07 | 84 |
| 19 | AstraZeneca | $122,538 | $58.91 | 9 |
| 20 | Novartis | $121,897 | $58.60 | 4 |
An operations research 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. Below, you can find an example of an operations research analyst job description:
To find the right operations research analyst for your business, consider trying out a few different recruiting strategies:
Recruiting operations research 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.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
While interviews are great, you will only sometimes learn enough from a conversation with an operations research analyst applicant. In those cases, having candidates complete a test project can go a long way in figuring out who's the most likely to succeed in the role. If you aren't a technical person and 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 found the operations research analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new operations research 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.
There are different types of costs for hiring operations research analysts. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new operations research analyst employee.
Operations research analysts earn a median yearly salary is $74,424 a year in the US. However, if you're looking to find operations research analysts for hire on a contract or per-project basis, hourly rates typically range between $23 and $54.