What Does An Analyst Do?
There are several tasks that an Analyst regularly performs. These tasks include collecting and cleaning of data, using various tools and techniques for data analysis, creating reports and presentations, and presenting findings and insights to stakeholders. An analyst also collaborates with cross-functional teams to gather data and identify the areas for improvement.
Analyst Skills And Qualification
An analyst’s required skills and qualifications can vary depending on the industry and organisation. However, some common ones include:
- A degree in a relevant field, such as mathematics, statistics, economics, or computer science
- Certifications in data analysis, project management, or a related field are preferred by some organisations.
- Expertise in database management tools, programming languages, and data visualisation methodologies and tools.
- Strong problem-solving abilities with the capacity to recognise and address complex and challenging issues.
- Domain Knowledge and understanding of the specific company and industrial domains in which the analyst works.
- Adaptability and the capacity to use newly developed technologies and analytical methods.
Analyst Experience Requirements
The experience required for an analyst position can vary depending on the industry and company. Some organisations may require a bachelor’s degree and work experience of up to a year for entry-level roles. Others may expect candidates to have several years of experience and a proven record of delivering accurate and insightful analyses, particularly for senior positions.
Analyst Education And Training Requirements
The minimum qualification required for an analyst is often a bachelor’s degree in a relevant discipline, such as mathematics, statistics, economics, computer science, or a related field. However, for a senior or specialised analyst position, some firms may prefer a master’s degree in a relevant discipline, such as business administration, data science, or a similar field.
Depending on the industry and particular role, a candidate for an analyst position requires technical training in analysis tools, spreadsheets and databases such as Excel, Access and SQL. In addition, programming languages such as Python, R, or SQL are frequently required for analyst roles. Organisations generally need analysts to have business acumen along with the knowledge of business operations, procedures and terminology, as candidates will continually analyse business data and make recommendations based on their findings.
Analyst Salary Expectation
According to Indeed Salaries, the average salary of an analyst is ₹ 42,023 per month in India. This can vary depending on the various factors such as experience, location, and company.
Job Description Samples For Similar Positions
If this Analyst job description is not exactly what you are looking for, check out these job descriptions for similar positions:
- Data Scientist
- Data manager
Analyst Job Description FAQs
What Are The Essential Things To Look For In A Candidate For An Analyst Role?
When hiring for an Analyst position, it is important to look for applicants with the ideal blend of technical expertise, analytical prowess, and soft qualities. A successful candidate for an Analyst position may have the following attributes:
- Technical competencies with a solid background in data analysis, spreadsheet and database software, and programming languages
- Analytical skills with the capacity to analyse complex data, spot patterns and trends, and make informed decisions
- Attention to detail and the ability to handle large amounts of data and ensure it is accurate and comprehensive
What Is The Difference Between An Analyst And A Data Scientist?
Although a Data Scientist and an Analyst both use data to guide decision-making, there are some significant differences between the two positions.
An analyst’s primary duties are supporting decision-making inside an organisation, including data collection, processing, and analysis. They frequently employ statistical approaches and tools to transform data into valuable insights and offer suggestions for enhancing business operations and results.
On the other hand, a data scientist has a broader range of skills and responsibilities than an analyst. For example, they are in charge of data analysis and applying sophisticated models and algorithms to draw conclusions from vast and intricate data sets. Additionally, a data scientist develops and implements machine learning models, does predictive analysis, and employs artificial intelligence and other cutting-edge methods to extract value from data.
What Are The Different Types Of Analysts?
There are many different types of analysts with specific areas of focus. Common types of analysts include:
- Business Analyst
- Financial Analyst
- Marketing Analyst
- Data Analyst
- IT Analyst