Operations Research Analyst
An Operations Research Analyst utilizes scientific and mathematical methods to address management, logistical, and operational challenges within organizations. The role involves analyzing data to identify and solve problems, enhancing business efficiency. Analysts are typically required to have at least a bachelor's degree in fields such as mathematics, engineering, or computer science, with many progressing to graduate-level education. The median annual earnings for this profession are approximately $83,640, with job growth anticipated to be much faster than average—about 23%.
The work environment predominantly consists of office settings, though analysts may also visit client locations to gather data through observations and interviews. Collaboration with other analysts and communication with clients are essential components of the job. Operations Research Analysts' duties encompass a wide range of business aspects, including supply chain optimization and cost reduction strategies. As they gain experience, analysts can advance to managerial roles or work independently as consultants, leveraging their expertise to propose and implement operational improvements.
Operations Research Analyst
Snapshot
Career Cluster(s): Business, Management & Administration, Information Technology, Manufacturing
Interests: Business, mathematics, analyzing data
Earnings (Yearly Median): $83,640 per year $40.21 per hour
Employment & Outlook: 23% (Much faster than average)
Entry-Level Education Bachelor's degree
Related Work Experience None
On-the-job-Training None
Overview
Sphere of Work. Operations research analysts employ various scientific and mathematical analysis methods to aid different organizations in their management, logistical, and operational problems. Analysts formulate and conceptualize problems and help organizations solve and prevent them. Through advanced methods of analysis, which are often computer-based, operations research analysts can identify common and irregular issues that arise in businesses. Their findings help owners and managers run their organizations more efficiently.
Work Environment. Operations research analysts spend the majority of the workweek in an office. They communicate often with other analysts, clients, and employees to help produce the most accurate analyses possible. When not working in an office, an analyst works at a client’s location, where they may observe and interview employees to collect more accurate data. These on-site locations vary by client, although most are also office environments.
Occupation Interest. Operations research analysis requires workers to analyze data from a broad range of industries. Hence, the profession usually attracts individuals with a strong understanding and appreciation of what makes a business successful. Operations research analysts are very detail-oriented and rational and must be able to work well under pressure. Analysts commonly enter the profession from various business- and mathematics-related backgrounds.
A Day in the Life—Duties and Responsibilities. The work of an operations research analyst covers every aspect of a business, including schedules, supply chains, prices, and labor resources. An operations research analyst uses various scientific and mathematical methods to analyze and solve one or more specific or general problems to help the client’s business run more efficiently. For example, an analyst may be hired to determine a more efficient way to ship or manufacture a more cost-effective product. They typically work as part of a team, depending on the complexity of the problem.
When hired, the analyst gathers information about the client’s needs and daily operations and then decides which models, simulations, or other analysis methods are needed to solve the problems at hand. Analysts use various computer software and programs, including databases and statistical analysis applications, to help them compile and analyze relevant data. They may also consult others who possess specialized knowledge in the business.
After analyzing the data, an analyst assesses various scenarios and alternatives, developing solutions that allow the business to address its problems and achieve greater efficiency. Their answers may revise existing operations or include new business practices, schedules, systems, or procedures. The operations research analyst presents their findings to management, who must decide whether to implement the proposed changes.
Work Environment
Immediate Physical Environment. Operations research analysts work mainly in office environments. When conducting research, they often travel to clients’ locations to observe employees and collect data. Travel to conferences may also be required on occasion.
Human Environment. Operations research analysts often work as part of a team, which requires frequent collaboration with other analysts. They also communicate regularly with clients, employees, and any other workers involved in the businesses being analyzed. Analysts must also present the information and results they collect to their superiors. With experience, operations research analysts may be given greater responsibility and independence and take on leadership roles. In time, they may advance to managerial positions or work independently as consultants.
Technological Environment. Analysts frequently use computer software and programs to compile, analyze, and model information. They also use databases to examine previous analyses.
Education, Training, and Advancement
High School/Secondary. An operations research analyst must have a high school diploma or the equivalent. Several standard high school courses, including statistics, algebra, calculus, computer science, composition, and business, will benefit a potential analyst. High school students interested in the profession should also participate in extracurricular activities related to these or other relevant areas.
Postsecondary. A bachelor’s degree in a relevant field is usually required, and some employers prefer applicants who have completed graduate-level programs. Some schools offer operations research and management science degrees, but most analysts study related fields such as mathematics, engineering, physics, and computer science. Aspiring analysts should take extensive postsecondary mathematics, computer science, and statistical analysis courses. Computer science courses will help prepare students for the complex programs, databases, and software used in the field. Since operations research covers a broad range of businesses and disciplines, courses in economics, engineering, and political science can also be beneficial.
Master’s degree programs in operations research are also available. These advanced programs concentrate on the development and application of mathematical or simulation models.
Related Occupations
− Computer & Information Systems Manager
− Economist
− Energy Conservation & Use Technician
− Information Technology Project Manager
− Management Analyst & Consultant
Bibliography
"Career: Operations Research Analysts." BigFuture, College Board, bigfuture.collegeboard.org/careers/operations-research-analyst. Accessed 28 Sept. 2023.
"Operations Research Analysts." Occupational Outlook Handbook. US Bureau of Labor Statistic, US Department of Labor, 17 Apr. 2024, www.bls.gov/ooh/math/operations-research-analysts.htm. Accessed 23 Aug. 2024.