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A career guide to becoming an Analyst 

Published: Thursday 27th August 2020

Becoming an analyst can be a worthwhile and very rewarding profession for someone who is fascinated with numbers and data and the things they tell us. Here is a quick career guide for anyone considering becoming an analyst. 

What is an Analyst? 

An analyst can find work in a number of different areas such as market research, business, finance or even the intelligence services. Their job is to carry out analysis of data in their chosen field and spot trends with a view to making predictions for the future or finding out why some things were or were not successful. For example, the role of those  working in market research can involve collecting information from customer surveys in order to inform the policy of a particular retailer. 

What qualifications do I need to be an analyst?

An analyst works on a computer showing Statistics, Graphs and Charts.

Depending on the type of analyst you want to be, you will first of all need to have a completed a degree course in your chosen area. It may also be necessary to do a post-graduate qualification more closely related to the area you want to work in, such as marketing, data analysis or statistical analysis. Entry to university courses usually requires you to have two or three A-Levels. You can also complete an apprenticeship course and will require up to five GCSEs for entry onto such a course. 

What other qualities do you need

Analyst jobs require precise attention to detail and the ability to process and interpret data.  information. You will also need to be an excellent communicator and be able to explain complex ideas in ways which are easy to understand. An analyst will also have excellent mathematical skills and be able to work on their own initiative at times. You will need to be considered and patient with your work in order to be able to present the most accurate information to clients and colleagues. 

Main duties 

a team of analysts, two men and a woman working at a modern studio. Desktop computer on table,showing presentation.

Depending on what area you work in, your main duties will include collecting date and studying its reliability and then interpreting that data in order to write reports and presentations for clients. Analysts may also be involved in developing research methods and mentoring and training others. Many analyst jobs involve working for companies which have clients who will commission research into particular areas. Therefore, people will also need to communicate with clients about their needs and the findings of the research.  

Where to find Analyst Jobs near me? 

Analyst jobs are often in demand with marketing consultancy firms or any companies that are concerned with business or finance, such as accountants or banks. There are also analyst jobs available through the public sector with government research projects.  

How much do Analysts earn? 

Analyst jobs bring with them a lot of potential for career advancement. A professional starting out can expect to earn £22,000 a year. With experience, an analyst may be able to move into management at a consultancy firm or set up their own consultancy business. Analysts with experience can earn up to £60,000 a year. 

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