Business Data Analyst Bls

For example operations research analysts will be needed to help hospitals and physicians improve the delivery of healthcare.

Business data analyst bls. Statistical analysis explanatory and predictive modeling data mining. Operations research analysts will continue to be needed in order to provide support. Bureau of labor statistics employment projections program employment of financial analysts is projected to grow 5 percent from 2019 to 2029 faster than the average for all occupations.

A bachelor s degree is the typical entry level requirement for management analysts. Computer systems analysts sometimes called systems architects study an organization s current computer systems and procedures and design solutions to help the organization operate more efficiently and effectively they bring business and information technology it together by understanding the needs and limitations of both. The bls estimates the need for business analysts to grow 14 from 2016 to 2026 as companies seek to improve efficiency and control costs.

However some employers prefer to hire candidates who have a master s degree in business administration mba. Bls data from 2018 shows the average hourly wage for a financial analyst at 48 55 with an average annual salary of 100 990. Business analysts might deliver many different types of solutions including new business plans data models flowcharts or strategic plans.

A growing range of financial products and the need for in depth knowledge of geographic regions are expected to lead to strong employment growth. They will look into their company s systems procedures and functions and find areas in which the company can increase efficiency and profit margins. The business intelligence analyst evaluates a company s data as well as competitor and industry data to discover ways to improve their own company s market position.

Bureau of labor statistics occupational employment statistics the median annual wage for market research analysts was 63 790 in may 2019. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. According to the bureau of labor statistics bls the business analyst or management analyst had a mean annual wage of 94 390 in may 2018.

Management analysts address a range of topics and many fields of study provide a suitable educational background. Researches best practices and supports developing the solutions and recommendations for the current business operations. Business analyst job description though there are many different aspects to the job business analysts generally follow a pattern of research gathering presenting solutions and then implementing these.