Operations research analysis is a discipline that uses advanced logical methods to solve problems and make better decisions. Since large organizations are very multifaceted, operations research analysts help companies find better ways to effectively manage people, money, equipment, and materials.
What does an operations research analyst do?
Operations research analysts help companies find more effective ways of functioning and managing by applying mathematic, engineering, and scientific analytical methods. They typically find various possible resolutions for meeting project goals. They are often involved in high level planning, strategizing, and forecasting. They assist in distributing resources, schedules, measuring performance, coordinating distribution and transportation, designing production systems and facilities, setting prices, managing the supply chain, and analyzing large
Operations research analysts begin a project by listening to managers describing the issue. They ask many questions and formally identify the problem. They then study the issue and divide it into sections and gather information from many different sources. They use many techniques such as statistical analysis, linear programming, data and computer modeling, and other mathematical methods. Once they gather all the information and complete their research, operations research analysts present their suggestions to managers.
What kind of training does an operations research analyst need?
Operations research analysts typically need at least a master degree in operations research or other closely related area. Some positions require a master degree paired with a bachelor degree in computer science, mathematics, economics, or statistics. Operations research analysts with dual graduate degree in computer science and operations research are very attractive to employers. It is very important for operations research analysts to maintain their problem-solving skills by keeping up to date with improvements in analytical methods and advances in technology. Many operations research analysts complete continuing education annually.
What are the prospects for a career as an operations research analyst?
Employment of operations research analysts is expected to grow as fast as average for all professions, increasing 11% through 2016. The increased demand for operations research analysts by organizations to help optimize profits will drive job growth.
Job prospects are expected to be good, especially for operations research analysts with doctoral degrees in operations research. Some job openings will stem from the need to replace operations research analysts who retire or leave the field for other reasons.
How much do operations research analysts make?
Recently, the middle 50% of operations research analysts earned annual salaries between $40,919 and $57,824. The highest 10% earned annual salaries of more than $63,692.
A career as an operations research analyst is a great choice for individuals who are interested in assisting companies with management. Operations research analysts must be competent in database collection and management. Logical thinking, good problem solving skills, tactfulness, analytical thinking, strategic thinking, an ability to write and speak well are all essential attributes for anyone considering whether and how to become an operations research analyst. Also important is the ability to work well with others.
Becoming an Operations Research Analyst Requires Skills & Training, Start Today
Are you serious about becoming an Operations Research Analyst? Then you need to get the required skills and training to do it! To start your new career, first you must decide what school you want to enroll in, so you need to gather info about potential schools. Use the College Mouse Degree Search tool to find the right course and college for you, and get started towards your new dream job today! If you want more personalized assistance, call (888) 389-7996 TOLL FREE to speak with a college advisor, who will help you find the best college for you. After you sign up for your course, make sure you fill out and submit the FAFSA so you can take advantage of any financial aid currently available to you!