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Types of Career Options in Data Analytics 

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Types of Career Options in Data Analytics 

Do you enjoy working with numbers and have critical thinking skills? Are you naturally curious? Do you have an analytical approach and mindset to everything? A career in data analytics can be an option for you. 

Companies and Social Media generate a high volume of data from web servers, online transactions, log files, and customer-related information worldwide. Data Analytics helps companies use all the data for deriving value to make informed and targeted business decisions.  

A Data Analyst gathers and uses the data to solve complex problems. With plenty of career growth opportunities and a typically flexible working environment, it is considered one of the top in-demand jobs. And companies are open to paying a competitive salary.  

Career Options In Data Analytics 

1. Quantitative Analyst 

Do you believe success is on merits and dedication rather than networking? Do you want a career path that is both intellectual and financially rewarding? A career as a Quantitative Analyst is the option for you. 

It is considered one of the highly competitive jobs. Its demand is ever-growing. This career option is stimulating as it consists of research and analysis of data and implementation of general mathematical and financial knowledge. 

Skills Required: 

  • Communication skills: Written and Verbal both. 
  • Analytical approach: Document and present results. 
  • Database Management Skills: Implement mathematical models. 
  • Programming Languages: C++, Python, Java. 
  • Quantitative skills: Knowledge of Finance, Statistics, and Economics. 

Top Hiring Companies: 

  • J. P. Morgan Chase & Co. 
  • BNY Mellon 
  • Goldman Sachs 
  • HSBC 
  • Credit Suisse 
  • Barclays 

An Annual Average Salary Offered: ₹ 14 Lakhs. 

2. Business Intelligence Analyst 

Do you want a technical role that focuses on Programming? Or a human-oriented one that needs good interpersonal skills? Do you find it interesting analyzing the business tactics used by the top businesses? Career as Business Intelligence Analyst can be an option for you. 

Business Intelligence is the need for the hour and is soaring in popularity. You get a variety of job sectors to choose from; for instance, Entertainment,  Health, and Automobile.  

Skills Required: 

  • Critical Thinking: For critical decision-making. 
  • Data Preparation, Analysis, and mining: Collect, clean, and organize the data. 
  • Business knowledge: To leverage data and make a profit out of it. 
  • Coding Skills: Knows Programming Languages. 
  • Communication Skills: To explain data insights to non-technical decision makers in the organization. 

Top Hiring Companies: 

  • Dell Technologies 
  • NTT Data 
  • Cerner 
  • Tata Consultancy Services 
  • Accenture 
  • Amazon 

An Annual Average Salary Offered: ₹ 7.5 Lakhs.  

3. Data Analyst 

Are you naturally inquisitive? Have a logical approach to your work? Do you have an affinity for numbers? Consider yourself a problem-solver. A career as Data Analyst can be an option for you to consider. 

It’s an ever-growing demand for Data Analysts. It offers a variety of opportunities to work in organizations and industries. Data Analysts who accrue more experience in the field can expect good salary growth.  

Skills Required: 

  • Analytical Thinking: Analyze the data. 
  • SQL (Standard Query Language): To communicate to the database. 
  • ML (Machine Learning): Build Algorithms and find patterns. 
  • Data Management: Collect, organize and store data. 
  • Programming Languages: Coding. 

Top Hiring Companies: 

  • Accenture 
  • Tata Consultancy Services 
  • Cognizant Technical Solutions 
  • Amazon 
  • Tableau 
  • J. P. Morgan Chase 

An Annual Average Salary Offered: ₹ 6 Lakhs.  

4. Operations Analyst 

Are you a goal-oriented person? Prefers to make strategies? Do you consider yourself a tech-driven personality? A career as an Operations Analyst might be the option for you. 

It’s a highly in-demand job as it’s related to the performance of the organization.  Identify potential concerns and operational issues that concern supply and production. Do Research for issues through modelling strategies and recommend a solution to the organization based on the analysis.  

Skills Required: 

  • Analytical Thinking: Filter and look for the information that is needed. 
  • Computer skills: Need to work with different software. 
  • Interpersonal skills: Collaborate with colleagues and clients. 
  • Maths: Knowledge of Calculus and Statistics 
  • Business Savvy: Understand and knows the trends in business. 

Top Hiring Companies: 

  • Amazon 
  • Wells Fargo 
  • NatWest Group 
  • Dell Technologies 
  • J. P. Morgan 
  • Flipkart 

An Annual Average Salary Offered: ₹ 4.7 Lakhs.  

5. Marketing Analyst. 

Are you after a creative career? Do you have effective communication skills? Do you like to research market trends?  Want a career that can give you high job satisfaction? Marketing Analyst can be a career option you might want to consider. 

Most industries need marketing research and analysts. It is a lucrative career as you can work in an organization or be a consultant. Study consumer behaviour and help organizations give their best services. 

Skills Required: 

  • Confidence: Be comfortable in speaking and presenting in front of people. 
  • Creativity: Come up with creative strategies and solutions. 
  • Interpersonal Skills: Strong communication skills. 
  • Mathematical and Analytical skills: Analyzing research data. 

Top Hiring Companies: 

  • Futures First 
  • Cognizant Technology Solutions 
  • Deloitte 
  • Tata Consultancy Services 
  • OSTC 
  • IBM 

An Annual Average Salary Offered: ₹ 4.5 Lakhs.   

Conclusion. 

Data Analytics is in the top 20 fastest-growing occupations. It is a career option with a vast span of opportunities with multiple industries to work in. 

The job outlook offered in Data Analytics looks promising. With flexible schedules, one can work remotely and even be self-employed. 

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