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Data analysts work with software to find patterns and trends in transactional data, creating reports to support decision-making. Jobs are available in various industries, with a minimum of a three-year bachelor’s degree required. Consultants and teachers are also in demand, with graduate-level education and private practice experience beneficial. Job satisfaction comes from problem-solving and independent work.
There are four different data analyst roles: consulting, working for a large company, teaching, and research. A data analyst works with complex software to look for patterns, trends and create reports. Using the transactional data collected by the company or institution, the analyst can create different data models, what-if scenarios, forecasts, projections and regression analyses. All of this work is used to support decision making by the institute or client. Data analyst jobs are not restricted to the financial industry but are available in almost every sector and industry.
To qualify for data analyst jobs, you’ll need a minimum or three-year bachelor’s degree. These degrees can be in mathematics, data management, information processing or in a related field of study. The higher the academic qualifications, the more opportunities become available.
A growing trend away from direct employment arrangements with independent contractors has resulted in the growth of data analytics consultants. These consultants have limited term contracts with a specific client. The contract may involve creating a data model or providing advice and expertise in interpreting data analysis reports.
The most common source of data analyst jobs are large companies and institutions. There are a wide variety of industries that use data analysts. The introduction of powerful computers and corporate systems made this transition possible. Companies now have large datasets about their customers’ transactions and can perform analytics to learn how to improve service and profitability. The company provides all the necessary tools and resources, which may include complex software products and tools.
Data analysis jobs can be found in local community teaching or career colleges. Course subjects may include simple statistics, basic data modeling, using specific analysis software, or explaining the concepts behind the model. To become an effective instructor, many people complete an adult education certificate program. Learning the most effective way to teach adults can be a huge help when making this career transition.
Searching for patterns, trends and related issues is a huge area of exploration in data analysis. This type of position typically requires a graduate-level college education in statistics, data management, or a related field. Additional private practice or industry experience is extremely helpful as it provides context to the data and a point of connection with the client.
People who report the most job satisfaction as data analysts enjoy solving problems and working independently. Typically, there is very little interpersonal communication in this type of work. Working with numbers, software programs and other analysts is the most common work environment.
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