USA Career Guide - Research Analyst

Research Analyst, is an integral part of any organization. To run an organization successfully it is important that one is aware about the latest trends in the market. As a Research Analyst, you are required to gather information and convert it in to a data, chart, flow diagram that is easily understood by the customers and the co-workers.

Education and Training of Research Analyst

Candidates wanting to make career as a analysts must have strong mathematical and analytical skills. For entry level job a bachelor's degree is enough but for research jobs master's is a must.

Candidates having degrees in fields such as business administration, statistics or marketing are preferred choices for the position of research analyst. 

Certification

Candidates wishing to practice as a Research Analyst can stand out by doing a specialized course- Professional Researcher Certification (PRC) offered by Marketing Research Association. Having experience is an additional advantage. The per-requisite for the exam is to  have working or analysis experience of more then 3years.Candidates need apply for renewal of  the their certification every 2 years.

Job Overview

According to U.S. Department of Labor, The job market for the Research Analyst is expected to improve by 41 percent between 2010 and 2020. The opportunities would be more for those with master's degree.


Pay of Research Analyst in USA

The median annual wage of market research analysts was $60,570 in May 2010.  

Median annual wages industry wise-May 2010

Information  $70,970
Management of companies and enterprises  65,750
Wholesale trade 61,710
Finance and insurance  61,320
Professional, scientific, and technical services  61,250


Job Prospects of Market Analyst in USA

Market Analyst can work as:

  • Market Research Analysts and Marketing Specialists
  • Survey Researchers
  • Public Relations Managers and Specialists
  • Cost Estimators
  • Operations Research Analysts
  • Advertising, Promotions, and Marketing Managers
  • Economists
  • Cost Estimators
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