Is Data Analytics a Good Career?

With the creation of a large amount of data every day, there has been a continual demand for data professionals who can leverage the data and keep companies’ growth scope. In this context, data analytics is a good career choice.

In the data world, the demand for data analysts is constantly rising. The data analyst is also offered a high salary compared to other professions. Even the junior data analyst enjoys a salary of $70,000, while the senior data analysts enjoy a salary of around $ 100,000.

Apart from the salary, data analysts collaborate and contribute to the decision-making process, which helps in translating some great opportunities into managerial positions. Being a data analyst is something rewarding with great perks, salaries, and a growing career.

What does a data analyst do?

The role of a data analyst is to take the heaps of data and analyze it to make trends, forecasts, and extract the information that helps in the decision-making process of the company. Data analysts work everywhere in almost every industry, right from the healthcare industry to marketing and retail sectors. You can also find data analytics in technology firms, credit bureaus, etc.

Many companies take the data analyst as the information scientist as they leverage the information from a pool of data and create insights that help in solving several big issues within an organization. Various sectors rely on these professionals as they collect, mine, and analyze the bulk of information to create valuable insights.

A career path for data analysts

The career path for a data analyst depends upon the industry that you have chosen to work for. Anybody can enter the data analyst world by qualifying for entry-level jobs. Anybody can be a part of the field of data analytics by taking a bachelor’s degree in mathematics, statistics, or computer science. Also, there is an option to get upskilled through a data analytics course and move towards the transition to data analysis in areas such as business, economics, etc.

A data analyst is the beginning position, which is followed by the senior level position of a data scientist. Compared to data analysts, data scientists have more involvement with strategic planning and, thus, they need more technical skills and command over statistical methods.

Those who are looking to become data scientists can learn a language such as R or SQL and learn how to build databases, perform basic analysis and generate visualizations. Those who want to advance in their careers should be familiar with the above-mentioned tasks.

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With additional skills training, aspirants can achieve success in their data analyst jobs.

Jobs available in data analytics

There are several jobs that aspirants can take up while making their career in data analytics. Some of the common data jobs are:

• Data Analyst
• Business Analyst
• Systems Analyst
• Analyst of Research
• Operations Analyst
• Marketing Analyst
• Researcher
• Statistician
• Data Scientist
• Data Engineer

Seeing the futuristic career options, data analytics is a good career and offers great and rewarding career opportunities to aspirants.

What is the average salary of a data analyst?

Want to be a data analyst? Nowadays, skilled data analysts are the most sought-after professionals in the world, and their demand is quite strong compared to their supply. Because of this huge gap between demand and supply, there is a massive scope for professionals to try their luck in this field of operations.

The job of data analyst can be found in a mix of companies and industries. Any company that is using data to generate information for a well-informed decision-making process tends to require a professional and proficient data analyst. The most popular data analyst jobs include data to make investment decisions, data to target customers, to access risks and to decide on capital allocations.

What does a data analyst do?

The role of a data analyst is to take heaps of data and analyze it to spot trends, make forecasts, and extract the information that helps companies perform better decision-making processes. The career path taken as a data analyst depends upon the company in which you will apply for work. It has been seen that data analysts work in different companies or sectors, such as investment banks, hedge funds, and private equity firms. Also, you can find a large number of data analysts serving the healthcare industry, marketing sector, and retail sector. In general, data analysts are everywhere and serve a large variety of purposes to help companies deal with a large amount of user analysis.

What qualifications should a data analyst possess?

To get on the ground with data analytics, you need to sharpen your skills and take a focused degree in mathematics, statistics, and economics from a reputed university. Once you are a graduate from a reputed university, you can make your way to entry-level jobs in data analytics. Though the job is entry-level, you still earn more than most professionals in other streams.

Once you start gaining experience in your current profile, you will be able to explore more advanced opportunities to work as a data analyst. Before starting, education is quite important and you should focus on gaining strong academic performance in a math-related field of study to grab most of the opportunities.

What is a data analyst’s salary?

A data analyst earns an average salary of Rs. 439,260 per year. However, this may change due to the demand created by a company or the experience you hold.

What are the career paths available for data analysts?

There are different career roles that a data analyst can take on while on the way to their career. Some of the career roles are:

• Business analyst
• Management reporting
• Corporate strategy analyst
• Compensation and benefit analyst
• Budget analyst
• Actuary
• Sales analyst
• Web analyst
• Business product analyst
• Machine learning analyst

Those who are interested in data analytics can find a great deal of opportunities once they are in. it’s just that grab the right skill set and knowledge and explore the challenging field with dedication and hard work.

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