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Statistical analyst hiring summary. Here are some key points about hiring statistical analysts in the United States:
Here's a step-by-step statistical analyst hiring guide:
A statistical analyst is primarily responsible for gathering data, ensuring accuracy and relevance to the subject. Their other responsibilities also revolve around designing and implementing strategies for collecting information, analyzing data through particular software, and presenting the company's findings to decision-making officials. There are also instances when a statistical analyst must record and organize data using a database, collaborate with other teams, and even train new analysts. Furthermore, as a statistical analyst, it is essential to adhere to the company's policies and regulations.
Before you start hiring a statistical 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.
A statistical analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, statistical analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of statistical analysts.
| Type of Statistical Analyst | Description | Hourly rate |
|---|---|---|
| Statistical Analyst | Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price. | $24-45 |
| Business & Data Analyst | A business and data analyst is a professional who specializes in utilizing different data-centered strategies in providing analytical services to a company or an organization. Their duties focus on conducting extensive market research and assessments, organizing studies using various techniques and approaches, gathering and analyzing data, performing risk assessments, and spearheading activities such as interviews and surveys... Show more | $26-48 |
| Data Analyst Internship | A data analyst internship involves a trainee who wants to gain working experience in the field of information technology (IT) by assisting data analyst professionals. Data analyst interns should examine information using data analysis tools so that they can help their employers make important decisions by identifying various facts and trends... Show more | $12-27 |
Including a salary range in your statistical analyst job description is one of the best ways to attract top talent. A statistical analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $94,697 | $46 |
| 2 | Delaware | $93,873 | $45 |
| 3 | Washington | $92,653 | $45 |
| 4 | District of Columbia | $88,146 | $42 |
| 5 | California | $88,097 | $42 |
| 6 | New York | $81,734 | $39 |
| 7 | Maryland | $78,533 | $38 |
| 8 | Virginia | $77,207 | $37 |
| 9 | Connecticut | $77,012 | $37 |
| 10 | Massachusetts | $74,241 | $36 |
| 11 | Pennsylvania | $71,798 | $35 |
| 12 | Illinois | $71,047 | $34 |
| 13 | Texas | $70,333 | $34 |
| 14 | Georgia | $68,824 | $33 |
| 15 | Ohio | $67,082 | $32 |
| 16 | Tennessee | $66,574 | $32 |
| 17 | Arkansas | $66,470 | $32 |
| 18 | Michigan | $66,118 | $32 |
| 19 | Nevada | $64,472 | $31 |
| 20 | Colorado | $64,284 | $31 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Genentech | $105,695 | $50.81 | 8 |
| 2 | Bed Bath & Beyond | $101,068 | $48.59 | |
| 3 | eBay | $99,279 | $47.73 | 3 |
| 4 | Eli Lilly and Company | $99,239 | $47.71 | 2 |
| 5 | Novartis | $98,978 | $47.59 | |
| 6 | AbbVie | $98,848 | $47.52 | 8 |
| 7 | Abbott | $97,141 | $46.70 | 8 |
| 8 | Bayer | $96,984 | $46.63 | 1 |
| 9 | Booz Allen Hamilton | $92,149 | $44.30 | 50 |
| 10 | Ford Motor | $91,076 | $43.79 | 4 |
| 11 | Amylin Pharmaceuticals | $90,945 | $43.72 | |
| 12 | ARPC | $90,095 | $43.31 | |
| 13 | Charles Schwab | $89,535 | $43.05 | |
| 14 | Arch Capital Group | $89,166 | $42.87 | |
| 15 | Grainger | $87,555 | $42.09 | |
| 16 | JPMorgan Chase & Co. | $87,032 | $41.84 | 27 |
| 17 | Tech Data | $86,313 | $41.50 | |
| 18 | Kidaptive | $83,785 | $40.28 | |
| 19 | Progress Rail | $83,719 | $40.25 | 2 |
| 20 | Sutter Health | $83,581 | $40.18 | 28 |
A good statistical analyst job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a statistical analyst job description:
There are various strategies that you can use to find the right statistical analyst for your business:
To successfully recruit statistical analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
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.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect statistical analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new statistical 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 statistical 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 statistical analyst employee.
The median annual salary for statistical analysts is $69,356 in the US. However, the cost of statistical analyst hiring can vary a lot depending on location. Additionally, hiring a statistical analyst for contract work or on a per-project basis typically costs between $24 and $45 an hour.