Do you ever find yourself asking the following questions:
- Why is there so much traffic on this route to the office today?
- If I want to bake a batch of 40 cookies, how much dough and what temperature should I bake them?
- Will I get enough sleep if I finish 2 more episodes of my favourite show?
In everyday life, we make many decisions based on the data available at that time, be it something minor as deciding the route to work or major business decisions with big money involved. Data extraction, interpretation and visualizing are all aspects of data analysis and management. Data analysts acquire & process data to help companies strategize their business decisions using online tools & analytical thinking. If you are looking to kickstart your career in data analytics or have decided to switch your career towards data management and analysis, read this blog to understand the specialized roles you can undertake as a data analyst.
6 In-Demand Data Analyst Roles to Lookout For:
1. Market Research Analyst
Responsible for surveying customer preference and statistical data, a market analyst helps customers make better decisions regarding product preference, offers, availability, etc. They may analyze data by conducting surveys, identifying target groups and focusing on direct and indirect competitors.
Required skills:
- Statistical Software: SAS, Stata, and RStudio
- Data Visualization: Microsoft Power BI and Tableau.
- Microsoft Office (Word, Excel, PowerPoint)
- Oral and written presentation skills
Qualifications:
- Statistical software platforms such as SPSS, WinCross, SAS, and Market Sight.
- A marketing or research background is not necessary but an added advantage.
Expected Salary: ~₹ 4,50,000/year for an entry-level marketing research analyst job.
2. Business Intelligence Analyst
A Business Intelligence Analyst or BI Analyst analyses an organisation’s data, aiding in the business decision-making process. They gather, clean and interpret data related to sales, marketing information, and customer engagement insights to visualize and monitor data. Finally, they put together their recommendations in graphs and reports and present them to internal teams or clients.
Required skills:
- Business Intelligence
- SQL
- Python
- Data Analysis
- Tableau
Qualifications:
- Bachelor’s Degree in Business or related field required (Master’s Degree in Business Administration preferred)
- The seniority of the role depends on the number of years of experience as a data analyst or BI analyst.
Expected Salary: ~₹ 7.0 LPA on an average for personnel with 1-8 years of work experience.
3. Risk Analyst
Risk Analysts usually work in the finance sector. They are responsible for accessing risks associated with different business plans, determining the gains or losses incurred and even projecting future risks based on fundamental market changes.
Required skills:
- SQL
- Strong analytical skills
- Python
- Data Analysis
- Written and verbal communication skills
- Project management
Qualifications:
- A minimum bachelor’s degree is essential (a Master’s degree may be required if you are applying to a senior risk analyst position)
- An academic background in business, accounting, finance or statistics is preferred.
Expected Salary: ~₹6.0 LPA on an average for personnel with 1-9 years of work experience.
4. Statistician/ Statistical Analyst
If observing and analyzing numbers is your forte, the job of a statistical analyst will be well suited for you. As a statistician, you are expected to use statistical modelling software to extract, organize and assist in visualising the data.
Required skills:
- Advanced mathematical skills
- Experience with statistical data modelling software & visualization tools
- Knowledge of data mining and scrubbing
- Excellent report writing skills.
Qualifications:
- A minimum bachelor’s degree in statistics, mathematics, etc., is required.
- If you are applying for a specialized statistician role, 5+ years of experience as a statistical analyst is a must.
Expected Salary: ~₹2.0 to ₹19.5 for 1-8 years of experience.
5. Operations Analyst
Reviewing company data based on policies & procedures and finding a scope for improvement is the primary mandate of an operations analyst. Based on their analysis, they recommend programs to adopt to enhance the company’s metrics.
Required skills:
- Effective work with minimal supervision
- Exceptional communication skills
- Ability to work with management at every level
Qualifications:
- A minimum bachelor’s degree in Business Administration or related fields
- 2+ years in an analyst role will be an added advantage on the resume.
- 3+ years’ work experience in operations monitoring is generally preferred if you apply for a senior operations analyst role.
Expected Salary: ~₹4.0 LPA on an average for personnel with 1-8 years of work experience.
6. Financial Analysts
Financial analysts advise on potential investments and provide counsel on a company’s financial decisions. Their scope of work is in banks, financial institutions, credit unions, etc.
Required skills:
- CA certification
- Extensive knowledge of JD Edwards EnterpriseOne and Quicken
- Demonstrated ability to assess credit risks accurately
- Multi-site experiences are an added advantage
Qualifications:
- A minimum bachelor’s degree in Finance or related fields (MBA is highly preferred)
- 10+ years of experience working in the Finance or accounting sector is required while applying for a senior financial analyst role.
Expected Salary: ~₹3.6 LPA for an entry-level Financial Analyst Job in India.
Top Companies Hiring Data Analysts
While tech giants hire analysts in particular roles of data scientist, data engineer or data analyst, most startups and small-scale Organisation have requirement for data analyst for data mining, cleaning and visualizing. Depending on whether you wish to learn all types of data analysis or want to go into a niche data management aspect, you can choose to apply for data analyst jobs in India for the following companies:
- Accenture
- Tata Consultancy Services
- Cognizant Technology Solutions
- Amazon
- EY
- Capgemini
- Infosys
- Deloitte
- Tech Mahindra
- IBM
The surge in data in the modern world has paved the way for up-and-coming careers in data analytics. There are several data analyst jobs and roles you can choose from depending on your qualifications, interests and the Organisation requirements.
Stay up-to-date with the latest industry trends with the following courses:
- Tableau 2020 A-Z: Hands-On Tableau Training for Data Science
- SQL – MySQL for Data Analytics and Business Intelligence
- Beginner Statistics for Data Analytics – Learn the Easy Way!
- R Level 1 – Data Analytics with R
- Introduction to Data Analytics for Business
