Data has changed the face of our world over the last ten years. The numerous emails, text messages we share, YouTube videos we watch are part of the nearly 2.5 quintillion bytes of data generated daily across the world. Businesses, both large and small, deal with massive data volumes, and a lot depends on their ability to glean meaningful insights from them. A data analyst does precisely that. They interpret statistical data and turn it into useful information that businesses and organizations can use for critical decision-making.
Organizations in all sectors are increasingly depending on data to make critical business decisions like which products to make, which markets to enter, what investments to make, or which customers to target. They are also using data to identify weak areas in the business that need to be addressed.
As a result, data analysis has become one of the highest in-demand jobs worldwide, and data analysts are sought after by the world’s biggest organizations. Data analyst salary and perks only reflect the demand of this job role which is likely to keep growing in leaps and bounds.
So if you have the skills required to become a data analyst, you would be remiss not to take advantage of this scenario.
What is a Data Analyst?
The role of a data analyst can be defined as someone who has the knowledge and skills to turn raw data into information and insight, which can be used to make business decisions.
Data Analyst Roles and Responsibilities Include:
- Using automated tools to extract data from primary and secondary sources
- Removing corrupted data and fixing coding errors and related problems
- Developing and maintaining databases, data systems – reorganizing data in a readable format
- Performing analysis to assess quality and meaning of data
- Filter Data by reviewing reports and performance indicators to identify and correct code problems
- Using statistical tools to identify, analyze, and interpret patterns and trends in complex data sets that could be helpful for the diagnosis and prediction
- Assigning numerical value to essential business functions so that business performance can be assessed and compared over periods of time.
- Analyzing local, national, and global trends that impact both the organization and the industry
- Preparing reports for the management stating trends, patterns, and predictions using relevant data
- Working with programmers, engineers, and management heads to identify process improvement opportunities, propose system modifications, and devise data governance strategies.
- Preparing final analysis reports for the stakeholders to understand the data-analysis steps, enabling them to take important decisions based on various facts and trends.
Another integral element of data analyst job description is EDA or Exploratory Data Analysis Project. In such data analyst projects, the analyst needs to scrutinize data to recognize and identify patterns. The next thing data analysts do is use data modeling techniques to summarize the overall features of data analysis.
Data Analyst Skills Required
A successful data analyst needs to have a combination of technical as well leadership skills. A background in Mathematics, Statistics, Computer Science, Information Management, or Economics can serve as a solid foundation to build your career as a data analyst.
Key Skills for a Data Analyst
- Strong mathematical skills to help collect, measure, organize and analyze data
- Knowledge of programming languages like SQL, Oracle, R, MATLAB, and Python
- Technical proficiency regarding database design development, data models, techniques for data mining, and segmentation.
- Proficiency in statistics and statistical packages like Excel, SPSS, SAS to be used for data set analyzing
- Adept at using data processing platforms like Hadoop and Apache Spark
- Knowledge of data visualization software like Tableau, Qlik
- Knowledge of how to create and apply the most accurate algorithms to datasets in order to find solutions
- Problem-solving skills
- Accuracy and attention to detail
- Adept at queries, writing reports, and making presentations
- Team-working skills
- Verbal and Written communication skills
- Proven working experience in data analysis
Data Analyst Qualifications: What Does it Take
You need more than technical expertise to excel in a career in data analytics. A bachelor’s degree in a field that emphasizes on statistical and analytical skills is desired. Students from mathematics, statistics, computer science, or economics background usually have an edge in the data analyst career path. However, a postgraduate course in data analytics like Data Analytics Bootcamp can make you an industry-ready professional.
You would also need soft data analyst skills like:
- excellent communication and presentation skills
- ability for critical thinking
- having a systematic and logical approach to problem-solving
- team working skills
Data Analyst Salary: How Much Does a Data Analyst Make?
The data analyst salary depends on a number of factors like educational qualification, location, relevant experience, and skills set.
The average annual salary of an experienced data analyst can range from approximately $60,000 to $140,000. Financial and technology firms tend to offer higher pay-package than average.
The cross-market average data analyst salary is approximately $73,528
Data analysts typically move on to higher positions like senior data analysts, data scientists, data analytics managers, business analysts, etc. Higher responsibilities come with a substantial pay rise as well. It is estimated that the average annual salary of data scientists starts at around $95,000, while that of analytical managers begins at approximately $106,000.
Top Companies Hiring Data Analysts
If you are looking for a data analyst job, you can choose from more than 86 thousand open jobs worldwide. Shocking, isn’t it? This is mainly because nearly all industries benefit from data analysis. Today, the data analyst job description is branching off into various specializations like finance, healthcare, business, marketing, and e-commerce.
Presently, business intelligence companies have the highest number of job openings for data analysts in the US and Europe, followed by finance, sharing economy services, healthcare, and entertainment companies.
Some of the top global companies hiring data analysts include Amazon, Netflix, Google, Intuit, Facebook, Apple, CISCO Systems. Smaller companies include Focus KPI, Affinity Solutions, Norgate Technology, Financial giants like Paypal and Barclays are also hiring data analysts across various departments.
Looking forward to a career in Data Analytics? Check out the Data Analyst Course and get certified today.
Get Started to Become a Data Analyst Today!
Are you wondering how to get a job as a data analyst? Let’s break down the career progression. It would be easy for you to bag an entry-level data analysis job if you have a certification from a top-rated data analysis program like the ones we offer here at Simplilearn. Even if you don’t have a background in data analysis, consider these to have a successful career as a data analyst.
- Earn a bachelor’s degree from a reputed University in a field that emphasizes on statistical and analytical skills
- Learn Data Analytics skills
- Consider earning a certificate in Data Science or Business Analytics
- Grab your first data analyst job
- Earn a master’s degree in data analytics, and you can become a data engineer and eventually a data scientist.
There is no shortage of jobs for skillful data analysts in whichever location you are. A data analyst career is a rewarding journey to embark on, irrespective of the industry you choose to work in.
Want to learn more about how to get a job as a data analyst? Prepare for Data Analyst interview questions with any of the data analysis courses offered by a top educational institution like Simplilearn, one of the leading online certification training providers in the world.