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Research Analyst

Preferred Degree

(*Above data obtained from Payscale.com and also verified by survey results)

Salary Breakup (in INR)

(*Above data obtained from Payscale.com and also verified by survey results)

Easy Access to senior management of the company in preparing strategies .

Good Compensation with a decent opportunity to grow.

Opportunity to handle confidential information of the company/ department.

Long hours due huge level of responsibility, poor work-life balance

Sedentary Job plus too much Stress leading to health hazards.

Extreme attention to detail required, little opportunity to be creative.

Which Candidates prefer this Job? (%)

(*Above data obtained from Payscale.com and also verified by survey results)

Job Satisfaction Level
3.5/5
Work-Life Balance
3/5
Scope in Industry
4.4/5

Gender Breakdown for this profile

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Responsibilities

  1. Research Analysts in general are involved in collection and interpretation of data to help in decision making in whatever department/ company they are working in.
  2. Depending on the department in which they work, Research Analysts are called by different names:
    1. Market Research Analyst – Marketing focused
    2. Operation Research Analyst – Operations, Logistics, Supply chain
    3. Economic Research Analyst – Economic Trends
    4. Financial Analyst – Finance
    5. Equity Research Analyst – Equity, Stock, Mutual Funds
  3. Thus Research Analyst is a broad field and can get divided into many specialized categories.
  4. They collect these data and apply mathematical modelling and other optimizing methods to identify insights, opportunities and trends
  5. Then, they have to compile reports on trends, opportunities and possible dangers to business and assist top management in taking crucial decisions.
  6. They are not usually involved in coding but work on many data crunching software.
  7. Thus, In Simple terms, they utilize IT data and convert them to business insights.
  8. They play an active role in assisting in the enforcement of project deadlines and schedules, communicating effectively with personnel and applying project standards

Skills Required Currently

Financial Modelling Tools 75.2%
Microsoft Excel 83.8%
Data Analysis Tools 68.1%
SQL 45.2%
MATLAB 21.8%
SAS 41.8%

Skills Required in Future

Tableau 62.2%
MS Dynamics 68.1%
Python, Scala 71%
Visual Reporting Tools 68.4%
Google Fusion Tables 51.3%

Functional Skills Required

  1. Strong business acumen in the field is required
  2. Powerful analytical and data gathering skills with a passion for numbers
  3. Ability to troubleshoot and debug problems and consistent individuals have an edge.
  4. People with meticulous, perfectionist attitude preferred.
  5. Ability to analyse complex Data and ability to understand trends, opportunities is a must.

Pay Growth by Experience (in INR)

(*Above data obtained from Payscale.com and also verified by survey results)

Top Industries & Companies that recruit in this profile

Best Institutes in India for for this profile

How to Boost My Career?

  • M.S. or MIS from Abroad (Exam- GRE, IELTS, TOEFL)
  • MBA (Exam- CAT, GMAT)
  • Civil Services (Exam- UPSC CSE)
  • Diploma Courses in Project Management, Data Analytics, Data Science(Exam- CAT, GATE, GMAT)
  • IIBA Certifications (ECBA, CBAP, CCBA)
  • Professional in Business Analysis Certifications
  • Certified Scrum Product Owner (CSPO)
  • Research Analyst Certificate Examination- NISM
  • IBM Data Science Professional Certificate
  • Certified Investment Research Analyst – CIRA

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