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How to become an analyst?
Analysts use their expert skills in critical thinking to study and analyse various kinds of information.Analyst covers all from complex numerical data and business reports, to IT systems, marketing strategies, and surveys.Analysts research the past and project the future performance of the company. They project the forecasts as well.
Their work helps support an organisation to fulfil their overall business goals, and the outcome of their analysis ultimately help improve the quality of the product or service.
Areas of focus would include market research, business analysis, data analysis, systems analysis, and investment analysis.
Main duties for an Analyst are:
- Carrying out market research and liaising with clients to understand goals
- Researching and studying information and figures
- Storing and monitoring data using efficient database systems
- Analysing data using statistical programmes, spreadsheets, and computer models
- Using data to recognise areas for improvement and propose new processes
- Writing reports and presenting findings to the business
Is it a job for you?
Not only an analytical mind is preferred,but also one needs to have excellent research and interpretation skills, as well as the ability to report and communicate complex information clearly.
An Analyst needs to be:
- An excellent problem solver
- A tactful negotiator
- Able to focus on small details
- Good at multitasking (and prioritising)
- Deadline-focussed and long hour working attitude
- Able to manage time effectively
- Mistakes can be very costly, so the work is very scrutinized
You would need a degree from a good university and the employers would prefer subjects that include mathematical analysis. Even postgraduate degree in MBA or in finance would be needed.
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