Analytics Career Path: 5 Things to Keep in Mind

Some people just have analytical minds. This means that they naturally gravitate towards an analytics career path. But there are a lot of things that you should consider when you are deciding whether or not this is the industry that you want to go through. The goal of this post is to help you better understand this career path as well as some of the most important things to keep in mind if you are considering going into this field.

How to Get into the Analytics Career Path

One of the important things to learn about is how to get into this career path. This can help you determine whether or not this is even a career option that you want to consider. In this section, you can get a closer look at the ways to get into this field, helping you have an easier time breaking into the industry and accomplish your dreams in this field. 

Have/Learn the Core Skills

It’s essential that you have the core skills required to get into this field or learn them. If you don’t already have these skills, you will need to start at the beginning. This means learning the entire process for analyzing data, developing database querying skills with SQL, learning all about the fundamentals of Python (which is the preferred programming language for analysts), and other important concepts such as ethics and data mining. 

Once you have developed your skills to the point where you can complete all of your required tasks as an analyst, you can find an entry-level position. However, you should be aware that it will take time to effectively hone your skills so that you can be successful in this industry.

Getting an Entry-Level Job

When you are just starting out, you will need to start at the bottom usually as a junior analyst. You could also get a job as a data analyst, though this typically requires you to have more experience. There is the ability to transfer some other job experience here, as there may be some skills in your background that can be beneficial to the organization you are applying to.

Specialized Fields

As you grow in your career, you can climb to a more senior position, or you could find a specialized job title based on what your passions and goals are. Some specialized fields include:

  • Financial analyst
  • Systems analyst
  • Healthcare analyst
  • Digital marketing analyst
  • Insurance underwriting analyst
  • Machine learning analyst

Get More Education

Lastly, if you really want to set yourself up for success in this industry, going back to school for an advanced degree can help you make significantly more in this industry.

5 Things to Keep in Mind

Now that you know how to get into this career path, this section will take a look at some of the things that you need to keep in mind when you are deciding on whether or not this is the career path for you.

1. Analytics Are the Future

When it comes to other areas of technologies, there tends to be trends that come and go, making it hard to find some stability in the tech industry. This isn’t an issue that you will find with the analytics careers. There are so many different applications for data analysts that they can find a job in pretty much any industry, from helping the marketing team better predict the behaviors of customers to learning about machine behavior, this is a broad industry that can cover many different other fields.

2. Responsibilities

It’s also a good idea to learn about what your responsibilities are as you work in this industry. You are responsible for taking the raw data and information and transforming it into something that will help businesses make better decisions. They are relying on your data to help them run more efficiently, improve the customer experience, and other things that will improve their business. You will need to handle large amounts of complex data to solve the problems of the organization you are working for.

3. You Don’t Necessarily Need Programming or Coding Backgrounds

A common misconception that people have is that they need to have a coding or programming background to get into this field and succeed. Typically software is used for data analytics, which means that you don’t necessarily need to be very skilled with coding or programming. However, it can be a good idea to have these skills if you want to advance your career as an analyst. There may be some industries, especially with more advanced career options, that will require you to have these skills. But this isn’t necessarily important for a beginner. 

4. Pay

How much you will get paid will typically depend on which industry you have decided to get into. A junior analyst makes an average of $58,000 a year while a chief data officer can make around $179,000. Each of these different job titles require different skills, passions, and levels of education. This is important to keep in mind if you are concerned about what your salary is going to look like once you get started in this career path.

5. Analytics is Important for Many Industries

Analytics can be very important for a wide variety of industries. This means that if you have a background in things like commerce, business, engineering, and basically anything else, you can use these skills in a career in analytics. Data is more important than ever for businesses to improve operations, which is why many industries need skilled analysts.

Conclusion

If you are deciding on whether or not you are interested on starting on a career path in analytics, this post can help you make that decision. In addition to learning what the 5 things to keep in mind if you are interested in this career path, you were able to see how to get into this career path. Knowing what to expect in this career path can help you better prepare for your future in this career, which will help you grow in your career.

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