As you can guess from the job title, revenue analyst is related to analyzing income, monetary units, sales, or turnover. They are like accountants who keep on finding new ways to improve the business's revenue and keep track of it. Revenue analysts play a crucial role in the industry. Thanks to them, your business strategies and plans don't deviate from your targets.
Revenue analysts indicate revenue for every activity within a company with the help of well-researched, deliberate, and detailed reports of revenue analysis. This can range from income, costs, sales, and various other variables. They are responsible for breaking down revenue by each service and product, managing revenue, and helping decision-makers make decisions to improve it.
This challenging yet rewarding job can give you a salary of $32.69 per hour. Becoming a revenue analyst is suitable for those afraid of maths as the job requires high-level maths and analytical skills. You will also need a bachelor's or master's degree in business or finance to get hired.
There is more than meets the eye when it comes to being a revenue analyst. For example, did you know that they make an average of $28.32 an hour? That's $58,910 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many revenue 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 computer skills, analytical skills and communication skills.
When it comes to the most important skills required to be a revenue analyst, we found that a lot of resumes listed 13.5% of revenue analysts included procedures, while 12.3% of resumes included revenue cycle, and 6.0% of resumes included customer service. 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 revenue analyst job title. But what industry to start with? Most revenue analysts actually find jobs in the health care and technology industries.
If you're interested in becoming a revenue analyst, one of the first things to consider is how much education you need. We've determined that 62.8% of revenue analysts have a bachelor's degree. In terms of higher education levels, we found that 13.6% of revenue analysts have master's degrees. Even though most revenue analysts have a college degree, it's possible 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 revenue analyst. When we researched the most common majors for a revenue analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on revenue analyst resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a revenue analyst. In fact, many revenue analyst jobs require experience in a role such as finance analyst. Meanwhile, many revenue analysts also have previous career experience in roles such as accountant or staff accountant.