1. University of Georgia
Athens, GA • Private
As a Research Analyst, you will be collecting and studying data coming from different sources. After collection and study, you will then make recommendations to the management in order to help businesses or companies determine the products' target market and ideal price.
With a job growth rate of 20%, you are also given a chance to explore other roles and look into other tasks. You can be a Consultant, an Operations Manager, a Branch Manager, or a Manager and Assistant Vice President. This will all be dependent on the path you plan to pursue.
There are special skills you need to have in order to do your job well as a Research Analyst. You need to have great analytical skills in order to filter out information. You also need to have good communication skills to be able to deal with different people. Lastly, you need to be detail-oriented to avoid making mistakes.
There are certain skills that many research 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 analytical skills, communication skills and detail oriented.
If you're interested in becoming a research analyst, one of the first things to consider is how much education you need. We've determined that 69.6% of research analysts have a bachelor's degree. In terms of higher education levels, we found that 17.9% of research analysts have master's degrees. Even though most research analysts have a college degree, it's impossible to become one with only a high school degree or GED.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of consultant you might progress to a role such as operations manager eventually. Later on in your career, you could end up with the title manager, assistant vice president.
What Am I Worth?
The role of a research analyst includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general research analyst responsibilities:
There are several types of research analyst, including:
An analyst can work in many different industries. So if you're looking for a position with endless job possibilities, then you've come to the right place. Who knows, the job might even come with a sweet salary, but you'll have to keep reading to find out.
Typically, an analyst will work in an office. They'll analyze data and make informed decisions based on the information they collect. An analyst might have a financial background or they might be a management analyst. Maybe you want to be a market research analyst or a news analyst. Either way, you've got to be good at making decisions.
The majority of analysts work a full-time position of 40 hours a week. Although, it isn't unheard of for analysts to work more than that. Did someone say overtime?
The work of a Data Analyst is key for a business or organization to determine viable operational strategies and potential risks. The main responsibility of a data analyst is gathering and interpreting data with advanced computer technologies, analyzing the quality and meaning of the data results in information that highlights important patterns and trends in the activities of the organization.
Data analysts present these reports to management and, without these results, stakeholders are unable to make informed decisions. Data analysts are employed by a number of different institutions such as banks, universities, factories, software development companies, and many more.
You need to have excellent problem-solving skills and a keen mathematical mind to be a successful data analyst. You need to know various programming languages, and you must display a logical approach. You will work under pressure for tight deadlines with a team of like-minded individuals, so an ability to prioritize tasks and a willingness to work with a team is also crucial.
Pricing analysts research the market and analyze data to understand the most profitable prices for the products of their company that stay in sync with market demands and yet allows for achieving sufficient revenues. They contribute to developing pricing models and sales strategies while striving to increase the company's competitiveness.
You will have to assess data from various sources to gain insight into market trends and competitors' pricing, market shares and margins, and customers' preferences. Based on these findings, you will advise your company on appropriate pricing strategies.
As a pricing analyst, you will work in an office and use standard office equipment and software. Your input will be important in forecasting trends and avoiding financial risk, allowing your business to quickly and successfully adapt to changes in the market.
Mouse over a state to see the number of active research analyst jobs in each state. The darker areas on the map show where research analysts earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Athens, GA • Private
Philadelphia, PA • Private
Madison, WI • Private
Evanston, IL • Private
College Park, MD • Private
Minneapolis, MN • Private
Muncie, IN • Private
West Lafayette, IN • Private
Washington, DC • Private
San Marcos, TX • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 6.3% of research analysts listed data analysis on their resume, but soft skills such as analytical skills and communication skills are important as well.
Zippia allows you to choose from different easy-to-use Research Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Research Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
1. Data Analysis Immersive (Full-time)
Learn to problem solve, and effectively communicate, like an analyst. This course teaches you to use industry-standard tools to make ethical, data-driven decisions. Experience hands-on training to master SQL, Excel, Tableau, PowerBI, and Python – tools listed in virtually every data analytics job posting across industries...
2. Data Analytics (Part Time)
Harness Excel, SQL, and Tableau to drive powerful analysis and insights. Build confidence and credibility to apply this versatile skill set to countless jobs. This course is offered in person and live online, in a remote classroom setting...
3. Intro to Statistics
Statistics is about extracting meaning from data. In this class, we will introduce techniques for visualizing relationships in data and systematic techniques for understanding the relationships using mathematics...
Some places are better than others when it comes to starting a career as a research analyst. The best states for people in this position are Washington, New York, New Jersey, and Connecticut. Research analysts make the most in Washington with an average salary of $93,681. Whereas in New York and New Jersey, they would average $87,822 and $77,931, respectively. While research analysts would only make an average of $77,546 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Rhode Island
2. New York
3. New Jersey
Compiling data of organization and implementing strategies to measure growth in business
I get to work on data that interests me and help make sure that data collection goes as planned. Lots of problem-solving with the flexibility to work a slightly different schedule or from home.
Lots of sitting.
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|3||JPMorgan Chase & Co.||$115,642||$55.60||348|
You can get experience as a research analyst during college through classes and internship experiences. A person can also seek entry-level research jobs and volunteer work to build up their knowledge and various skills and tools to succeed as a research analyst.
You need a bachelor's degree to be a research analyst. Typical fields of study that research analysts have included business, economics, and mathematics.
Research analysts can be found everywhere and in any industry, not just the financial sector. Therefore, nearly any academic background could viably serve a prospective researcher, as long as the researcher has the requisite technical, mathematical, and analytical skills.
The career path for a research analyst is varied. Typically, this path starts as a research assistant and becomes a research specialist, research manager, or research director. The specific direction any given research analyst takes depends on their unique set of interests and aptitude.
The skills you need to be a research analyst are math skills paired with specific interpersonal skills. This combination allows the research analyst to recognize trends and patterns and understand the human motives that may drive such practices.