11 Examples of Analytical Jobs (With Salary Information)

By Indeed Editorial Team

Published 25 October 2021

The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.

Analysts are individuals who operate in almost every industry, conducting research and analysing data on certain aspects of a business to help it grow. There is a wide range of analytical jobs which you can choose from. Working as an analyst might appeal to you if you enjoy working with numbers. In this article, we discuss the various categories of analytical jobs.

What are analytical jobs?

Analytical jobs are roles related to analysing information. An analyst collects, analyses and interprets sophisticated data to come up with solutions to address challenges in a business. They analyse corporate and client demands, gather and interpret data and look for indications or opportunities for advancement. The analyst may also distribute the data to stakeholders and utilise it to improve the effectiveness and efficiency of a service, product or platform. Several sectors employ analysts to track the performance of their commercial activities or assist in developing new ones.

11 analytical careers

Here are 11 careers related to analysis that you may explore:

1. IT system analysts

National average salary: $89,167 per year

Primary duties: In the field of information technology, IT systems analysts employ and create systems to solve challenges. In these roles, professionals may specialise in different industries. Systems analysts evaluate software within an organisation using existing third-party tools, while others create new, unique tools grounded on their acquaintance of data analytics.

2. Business intelligence analyst

National average salary: $106,870 per year

Primary duties: A business intelligence analyst helps uncover trends in a firm's and corporation's data. They then analyse and assess this data. A business intelligence analyst might be capable of analysing data, dealing with SQL and performing data visualisation and simulation.

3. Business analyst

National average salary: $104,857 per year

Primary duties: Business analysts' significant responsibility is to assess business difficulties and propose practical solutions objectively. Some factors such as experience and academic qualifications may affect this salary. Business analysts may use their technical abilities to identify the challenges the firm is experiencing. They can then devise methods to address them.

Related: Business Analyst Skills (Definition and Examples)

4. Product analyst

National average salary: $103,825 per year

Primary duties: A product analyst is accountable for overseeing product-related operations. They may oversee the planning stage, help analyse new or existing products and ensure the products within the organisation are performing properly. They may use technologies such as R, Python, SQL and others.

5. Data analyst

National average salary: $91,093 per year

Primary duties: A data analyst may help firms make critical business choices by analysing large amounts of data. They use analytical skills to process information and draw data-driven conclusions. They may also communicate their findings to non-technical stakeholders in the company.

Related: What Does a Data Analyst Do? (With Skills and Career Steps)

6. Financial analyst

National average salary: $98,217 per year

Primary duties: Financial analysts are in charge of comprehending a company's finances. They examine a company's financial performance by looking at financial statements, financial records and cash flows. They might have excellent analytical abilities in SWOT analysis and financial planning. Financial planning analysts, accounting analysts and quantitative analysts are all possible positions in the financial sector.

7. Geospatial analyst

National average salary: $92,607 per year

Primary duties: Geospatial analysts' primary responsibilities include interpreting aerial pictures and GPS data to map various areas. Urban planning, military intelligence and mining are just a few of the sectors where they operate. Organisations can use geospatial data analysts to determine where to begin construction projects and be alerted to potential construction issues. They can also assist with relief efforts during natural catastrophes by researching possible transportation routes.

8. Quantitative analyst

National average salary: $124,941 per year

Primary duties: Quantitative analysts utilise data analysis to identify future monetary investment possibilities or issues relating to the management of risks. They often work in the banking sector. Quantitative analysts may operate on their own, developing business strategies to forecast stock, commodity and exchange rate values, among other things. Some analysts in this field go on to start their businesses.

9. Operations analyst

National average salary: $81,084 per year

Primary duties: Operations analysts study a company's internal procedures. Professionals in this field are more likely to have broad business and technical expertise in the organisations they're operating with. They may work for large firms, but they may also operate as consultants for other small firms. Operations analysts can operate in various industries, including substantial supermarket chains, postal service companies and the military.

10. Management analyst

National average salary: $93,899 per year

Primary duties: Management analysts research companies and make recommendations about how to make them more efficient. They're usually outsider consultants who offer an unbiased perspective on the organisation. The job description includes interviewing personnel, assessing current processes and finances and making recommendations to accomplish the organisational objectives.

11. Business systems analyst

National average salary: $103,369 per year

A business systems analyst examines current business practices and alerts executives to potential problems. They also identify excellent company software and computer operations solutions. Business systems analysts can also create new computer programs by analysing current employee behaviour or project specifications.

Analytical duties

The responsibilities of an analyst may vary depending on the employment, but they may include the following:

  • conducting market research and interacting with clients to have a better understanding of their objectives

  • researching and analysing data and figures

  • using effective database systems to store and maintain the data

  • using statistical programs, spreadsheets and computer simulations to analyse data

  • using data to identify areas of concern and suggest new procedures

  • examining IT infrastructure, identifying flaws and formulating software improvement strategies

  • reporting and presenting results to the company management and stakeholders

Skills required for an analytical career

The skills relevant for analytical careers include the following:

Numerical skills

Analysts might have experience dealing with statistics and mathematics to solve problems. Mathematical talents need an understanding of statistics, arithmetic, calculus and problem-solving techniques. An analyst utilises arithmetic to assemble data, analyse financial results and assess a company's performance.

Attention to detail

Good attention to detail is a professional ability that enables analysts to boost efficiency and production while reducing errors. This soft talent necessitates accurate completion of the work and data analysis. An analyst may analyse all elements of the data's outcomes and generate comprehensive reports.

Related: Attention to Detail: Definition and Examples

Self-driven

This trait entails having the drive to finish the work on your own. This trait is crucial as it enables analysts to stay motivated in their operations. Analysts employ this talent regularly to oversee their tasks and many tasks while remaining unsupervised.

Technical abilities

Analysts college, review and store data using technology. They also utilise tools like word processing and spreadsheets. These tools help them create reports and recommendations based on the data they collect.

Good communication skills

To enable others and oneself to absorb information more appropriately and efficiently, communication skills are essential. Good communication skills include explaining concepts adequately, providing data and suggestions in written reports and vocal presentations. Analysts connect with colleagues regularly to gather and discuss the outcomes of the data to improve the competencies of a firm.

Teamwork

Analytical professions necessitate excellent teamwork abilities. In most cases, analysts may find themselves working with other stakeholders to accomplish tasks. They collaborate with other computer professionals and officials of the leadership team to make sure that the business's technology systems successfully incorporate the analyst's proposals.

Project management

Analysts frequently work on many projects at the same time. Monitoring and executing these initiatives requires strong administrative and project management skills. Analysts might, for example, be in charge of organising the setting up of updated technology and establishing a team education course.

Flexibility

Flexibility can help analysts work in different work environments and adjust to different industries. Analysts work in an office setting for most of their day. Some analysts sometimes operate in-house for a corporation, making suggestions to address business and marketing activities. Other analysts may be employed on a contractual basis or work from home.

An analyst may work closely with an organisation's IT department and the company owner or decision-makers. As an analyst, you may be required to attend meetings throughout the day. Analysts may also be required to travel as necessary to address clients or gather data. They conclude, evaluate and present data either individually or in groups.

Salary figures reflect data listed on Indeed Salaries at time of writing. Salaries may vary depending on the hiring organisation and a candidate's experience, academic background and location.

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