Analysts can specialize in several different types of information. This job involves gathering data, evaluating trends, studying the overall market or industry and preparing reports and recommendations based on these findings. Depending on the industry, this job may include tasks such as interviewing workers for more information, designing new systems or developing marketing strategies. Common positions for entry-level analysts include:
Market research analyst
Computer systems analyst
Operations research analyst
Entry-Level Analyst Job Education Requirements
A bachelor's degree is preferred for this job. Many fields can provide the appropriate education for this career, including accounting, economics, finance, engineering, statistics, mathematics, administration and social sciences. Some licenses and certifications can increase your employment opportunities in this field. Options include the Chartered Financial Analyst (CFA) license from the CFA Institute and Professional Researcher Certification from the Marketing Research Association.
Entry-Level Analyst Job Market
The job market for entry-level analysts is better than average in most areas. While total job growth for all occupations in the United States is projected at 11 percent over the next decade, growth for market research analysts is an impressive 32 percent. Projected job growth is 27 percent for operations research analysts and 25 percent for computer systems analysts. Financial analysts can expect about 16 percent job growth over the course of the decade.
Entry-Level Analyst Salary Information
Entry-level analysts can generally expect salaries that are around or slightly below average for their occupation, depending on education and previous job history. The pay is highest for computer systems analysts, at $79,680 a year on average. The median annual wage for financial analysts is $76,950. Operations research analysts have a median wage of $72,100. Market research analysts have salaries on the lower end of the scale at $60,300 a year.