What You Need to Know About Operations Research Analyst
Operations Research Analyst Definition Formulate and apply mathematical modeling and other optimizing methods to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. May collect and analyze data and develop decision support software, service, or products. May develop and supply optimal time, cost, or logistics networks for program evaluation, review, or implementation.
Daily Life Of an Operations Research Analyst
- Prepare management reports defining and evaluating problems and recommending solutions.
- Design, conduct, and evaluate experimental operational models in cases where models cannot be developed from existing data.
- Collaborate with senior managers and decision makers to identify and solve a variety of problems and to clarify management objectives.
- Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters.
- Define data requirements and gather and validate information, applying judgment and statistical tests.
- Perform validation and testing of models to ensure adequacy and reformulate models as necessary.
Operations Research Analyst Required Skills
These are the skills Operations Research Analysts say are the most useful in their careers:
Mathematics: Using mathematics to solve problems.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Systems Evaluation: Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Types of Operations Research Analyst
- Systems Consultant
- Decision Analyst
- Methods Analyst
- SOC Analyst (Security Operations Center Analyst)
- Procedure Analyst
Job Outlook for Operations Research Analysts
There were about 114,000 jobs for Operations Research Analyst in 2016 (in the United States). New jobs are being produced at a rate of 27.5% which is above the national average. The Bureau of Labor Statistics predicts 31,300 new jobs for Operations Research Analyst by 2026. There will be an estimated 10,700 positions for Operations Research Analyst per year.
The states with the most job growth for Operations Research Analyst are Utah, South Dakota, and Nevada. Watch out if you plan on working in Alaska, Maryland, or Vermont. These states have the worst job growth for this type of profession.
Operations Research Analyst Average Salary
The average yearly salary of an Operations Research Analyst ranges between $46,810 and $136,250.
Operations Research Analysts who work in District of Columbia, Hawaii, or Virginia, make the highest salaries.
Below is a list of the median annual salaries for Operations Research Analysts in different U.S. states.
|State||Annual Mean Salary|
|District of Columbia||$109,400|
Tools & Technologies Used by Operations Research Analysts
Although they’re not necessarily needed for all jobs, the following technologies are used by many Operations Research Analysts:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Access
- Data entry software
- Microsoft Project
- Microsoft SharePoint
- Microsoft Visio
- Structured query language SQL
- The MathWorks MATLAB
- Microsoft Dynamics
- IBM Notes
- Microsoft Visual Basic
- Google Docs
Becoming an Operations Research Analyst
What kind of Operations Research Analyst requirements are there?
How many years of work experience do I need?
Where Operations Research Analysts Work
Operations Research Analysts work in the following industries:
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