Regardless of the specific career path you choose, it is likely that your work will incorporate data analytics. You may choose to focus your career squarely in analytics, which can open doors to challenging and rewarding high-demand positions. Here are just a few of the career opportunities specifically in the field of data analytics.
Broad Categories of Career Opportunities
The U.S. Bureau of Labor Statistics (BLS) provides a few career opportunities to consider:
Information security analysts plan and carry out security measures to protect an organization’s computer networks and systems, using descriptive statistics, predictive analytics, and prescriptive analytics. According to BLS, the job outlook for 2018 – 2028 is 32% growth, which is several times faster than average. The median yearly income is $98,350 (May 2018).
Operations research analysts use advanced mathematical and analytical methods of predictive analytics to help solve complex issues. The job outlook for 2018 – 2028 is for 26% growth, much faster than average, with a median yearly income of $83,390 (May 2018).
Management analysts propose ways to improve an organization’s efficiency, otherwise known as prescriptive analytics. They often meet with clients. The job outlook for 2018 – 2028 is for 14% growth, much faster than average, with a median yearly income of $83,610 (May 2018).
Mathematicians and statisticians analyze data and apply predictive analytics techniques to help solve problems. Many work in the federal government as well as private science and engineering research companies. The job outlook for 2018 – 2028 is 30% growth, several times faster than average. The median yearly income is $88,190 (May 2018).
Market research analysts study market forces and conditions, applying descriptive statistics to examine the potential sales of a product or service. The job outlook for 2018 – 2028 is 20% growth, much faster than average. The median yearly income is $63,120 (May 2018).
Economists use descriptive statistics as well as predictive and prescriptive analytics to research trends and evaluate economic issues for resources, goods and services. The job outlook for 2018 – 2028 is 8% growth, faster than average. The median yearly income is $104,340 (May 2018).
Specific Career Opportunities That May Align with Your Skills and Interests
Database engineers work for computer systems companies to design and monitor complex databases or work to develop applications and systems. At just the starting level, professionals in this role earn an average total annual compensation of $117,966, as of October 2019.
Data architects design, create, deploy and manage an organization’s data architecture. They define how data will be stored, consumed, integrated and managed by different stakeholders. The average total annual compensation is $120,580, as of October 2019.
Healthcare data analysts manage analytics within medical practice and hospital settings to streamline administrative tasks and improve the efficiency of operations. These professionals earn $46,000 to $80,000, depending on levels of experience, education and expertise (PayScale, November 2019).
Business systems analysts III are computer systems analysts who work with the computer technology used by businesses. They determine which technological upgrades and installations will improve efficiency and contribute to business objectives. The average total annual compensation is $93,874, as of October 2019.
Business intelligence analysts use data to determine market and business trends for companies to increase profits and efficiency. They gather data through data mining, competitor data and industry trends to develop a picture of a company’s standing in the marketplace and industry. The average salary for this role is $91,438 per year, as of October 2019.
If you stand at a threshold in your career and you would like to acquire in-demand skills to work in a broad field with high projected growth, earning a specialized data analytics MBA may be the best investment you can make in your future.
Learn more about TAMU-CC’s online MBA program with a Concentration in Data Analytics.