Senior research analysts use research about societal trends or responses to help their employers come up with a business plan. What they research depends on their workplace, since senior research analysts can work in many industries. For example, a senior research analyst for a nonprofit may research the impact of a specific policy on the public, while a senior research analyst for a company working in finance may research market trends.
No matter where they work, senior research analysts use a variety of methods to conduct their research, such as collecting survey responses, analyzing statistics using technological tools like SAS, or organizing data using SQL. After they gather information through research, senior research analysts must present it in a way that is understandable to the rest of their company, for example via a PowerPoint presentation or report. Often, they have to mentor junior colleagues as well.
Senior research analysts are valued for the insights they bring to their companies and earn an average salary of $77,990 a year. They need to have an extensive research background before earning a promotion to this position. Most senior research analysts work as research assistants or junior analysts for several years. They usually have a bachelor's or even a master's degree in a subject relevant to their field, such as business.
There is more than meets the eye when it comes to being a Senior Research Analyst. For example, did you know that they make an average of $37.69 an hour? That's $78,395 a year!
Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.
There are certain skills that many Senior 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 Senior Research Analyst, one of the first things to consider is how much education you need. We've determined that 68.0% of Senior Research Analysts have a bachelor's degree. In terms of higher education levels, we found that 23.6% of Senior Research Analysts have master's degrees. Even though most Senior Research Analysts have a college degree, it's impossible 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 Research Analyst. When we researched the most common majors for a Senior Research 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 Research Analyst resumes include Doctoral Degree degrees or Associate Degree degrees.
You may find that experience in other jobs will help you become a Senior Research Analyst. In fact, many Senior Research Analyst jobs require experience in a role such as Research Analyst. Meanwhile, many Senior Research Analysts also have previous career experience in roles such as Research Assistant or Research Associate.