Getting a job as a data analyst is the initial step toward a more advanced Data career. So, what happens once you've become a Data Analyst? Let's take a closer look at four common career options you might pursue once you've begun the Data Analyst certification course in this in-demand sector.
Getting Started With Data Analyst:
Data analysts sift through masses of Data to identify trends, generate forecasts, and extract information that will assist their companies in making better business decisions. Your employer has a significant role in determining your career path as a data analyst.
If you're new to Data Analysis, you can start with the Data Analyst course for business. If you have experience with transferable analytical skills, you can work as a Data Analyst.
Before applying for your first job, you should learn fundamental Data Analyst abilities, such as SQL, R, or Python, Data Management, Statistical Analysis, and Data Visualization. Read more about becoming a Data Analyst without prior experience or a degree.
Leveling up: Four Career Paths for a Data Analyst:
As you develop expertise as a Data Analyst, you may find opportunities to progress your career in a variety of paths. Depending on your objectives and interests, you could move into Data Science, Management, Consulting, or a more specialized Data career.
Let's take a closer look at four Data-related career choices.
- Data scientists
Many Data Scientists started as Data Analysts. Making this shift usually involves:
- Increasing your programming skills
- Learning more advanced math
- Understanding Machine Learning
Many Data Scientists also hold degrees in Data Science, Computer Science, or a similar discipline. While a degree is not legally required, possessing one can result in greater work prospects.
- Management
Another frequent career path for Data Analysts is to advance to managerial positions. You might start as a Data Analyst and work your way up to Senior-Level Analyst, Analytics Manager, Director of Analytics, or even Chief Data Officer (CDO).
If you wish to pursue this path, you should focus on improving your leadership and Data skills. To advance to these higher-level positions, some employers may require a master's degree in Data Analytics.
- Specialist
A Data Analyst might work in a variety of businesses. Sometimes your job path will lead you further into the particular understanding of that industry.
- Business Analysts use Data to improve the efficiency and effectiveness of an organization's information technology operations, organizational structures, and staff development.
- Financial Analysts use Data to influence investment decisions, find revenue opportunities, and manage financial risk.
- Operations Analysts are responsible for improving a company's performance by detecting and resolving technological, structural, and procedural difficulties.
- Marketing Analysts, also known as Market Research Analysts, study industry trends to help businesses establish product and service offerings, price points, and target audiences.
- Systems Analysts apply cost-benefit analysis to match technical solutions to business requirements.
- Consultant
After gaining several years of experience analyzing Data for a company (or several companies), you may want to work as a Data Analytics Consultant. Instead of working for a corporation directly, you'd be an independent contractor or consultant, providing analyses for a variety of clients.
Working as a consultant frequently means more variety in the types of analyses you undertake, as well as greater flexibility (especially if you are self-employed).
Data Analytics Career Outlook:
Jobs in the Data Analytics area are plentiful, with excellent incomes and numerous career routes available. Data Analytics provides a wide range of options across industries and business levels.
Some of the top professions in Data Analysis pay nearly $100,000. Experienced workers might earn considerably more.
Financial Analyst
- Average hourly wage: $45.95, ranging from $28.34 to $81.70
- Average annual salary: $95,570.
- Growth: The BLS expects this class of workers to grow at a faster-than-average rate of 9% through 2031.
Market Research Analyst
- Average hourly wage: $30.73, ranging from $18.40 to $63.39
- Average annual salary: $78,880
- Growth: The BLS expects this class of workers to grow at a faster-than-average rate of 19% through 2031.
Management Analyst
- Average hourly wage: $50.32
- Average annual salary: $104,660
- Growth: The BLS expects this class of workers to grow at a faster-than-average rate of 11% through 2031.
Here are some of the several types of Analysts, their most recent wage information, and the job forecast from the Bureau of Labor Statistics.
Conclusion:
Data Analysts work in a wide range of businesses, and the field is expected to expand further. Companies are increasingly relying on Data to make decisions—Data obtained through programs and technology. Data collection, sorting, and presentation are all done using Artificial Intelligence and Machine Learning.
However, technology has not yet advanced to the point where human intervention is unnecessary; all it can do is change data as designed. Humans are still required to analyze results and offer views of information that algorithms cannot, so the demand for Data Analysts is likely to increase in the coming years. With the best Data Analytics short course from UniAthena, you can get started on the path to career success. You can have a thorough understanding of Big data, Data analytics, Analytics Methodologies & Models. With free learning access, you can finish this byte-sized, self-paced diploma in as little as two weeks. After finishing the Data Analytics online short course, you can obtain a Professional Certification for a small fee. The Data market is expanding every minute, so seize this chance now and see how your career takes off!
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