There is a reason why companies such as Boston Consulting have brought in a whopping 8.5 billion in revenue. It is because many corporations place a high value on strategic business analysis and process improvements that bring about organizational impact. Underpinning these services are senior analysts that identify technological, financial, and operational risks as well as design efficient business processes.
Daily, a senior analyst can be involved in tracking project milestones, maintaining client correspondences, managing project scope, leading process design improvements, conducting system integration and undertaking project analysis. Besides that, they also assist in identifying system inefficiencies and support system upgrades.
A senior analyst can work in different industries such as banking, manufacturing, and IT. The educational requirement varies, according to different industries, and will need at least one year of relevant work experience. A senior analyst earns an average of $38 per hour and works generally 40 hours per week.
There is more than meets the eye when it comes to being a senior analyst. For example, did you know that they make an average of $39.83 an hour? That's $82,840 a year!
Between 2018 and 2028, the career is expected to grow 14% and produce 118,300 job opportunities across the U.S.
There are certain skills that many senior 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 time-management skills, interpersonal skills and problem-solving skills.
When it comes to the most important skills required to be a senior analyst, we found that a lot of resumes listed 12.2% of senior analysts included procedures, while 11.9% of resumes included analytics, and 7.1% of resumes included data analysis. 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 senior analyst job title. But what industry to start with? Most senior analysts actually find jobs in the finance and technology industries.
If you're interested in becoming a senior analyst, one of the first things to consider is how much education you need. We've determined that 63.6% of senior analysts have a bachelor's degree. In terms of higher education levels, we found that 17.3% of senior analysts have master's degrees. Even though most senior 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 senior analyst. When we researched the most common majors for a senior analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on senior analyst resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a senior analyst. In fact, many senior analyst jobs require experience in a role such as analyst. Meanwhile, many senior analysts also have previous career experience in roles such as consultant or internship.