Data Analytics Career Growth – To start your career in data analytics, you must first get a job as an entry-level data analyst. But what’s the next step? And where do you go from this entry-level position?
Fortunately, data analytics is a broad and diverse field that spans a wide range of disciplines, including information technology, business analytics, project management, and more.
Data Analytics Career Growth
This means that careers for data analysts can look different based on an individual’s particular interests and preferences. This guide will cover the standard data analyst career path – and its variations – for people looking to build their careers in data analysis.
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Yes, data analysis is an excellent career for people with critical thinking skills who wish to advance in their profession over time.
Entry-level positions pay well over $50,000, while experts can earn up to $100,000, depending on where they work and the positions they hold.
In line with the modern world’s trend towards informed strategy and decisions, it would not be wrong to say that data analytics is one of the most in-demand career fields.
Data analysts are sought after by professionals serving in high positions in the renowned technology, e-commerce, pharmaceutical, and manufacturing industries.
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Career paths for data analyst professionals depend on their skills and interests. Read on for some possible career progression options for data analysts.
All data analysts have the same task of uncovering the message conveyed by a piece of data. However, roles differ across positions and seniority levels.
As an entry-level data analyst, you won’t be tackling business-critical tasks individually. In contrast, entry-level data analysts work in teams, primarily under the supervision of a senior analyst or consultant.
An entry-level data analyst is not only different from a senior business analyst in their understanding of data analysis. Some other differences include:
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To get a job as an entry-level data analyst, you must have a bachelor’s degree in computer science or a relevant field. Alternatively, you can show certifications on your resume to help land a data analyst job.
For example, Data Analytics Bootcamp is an excellent mentoring program that teaches business thinking and technical skills, both of which are necessary for a data analytics career.
You can learn at your own pace with personal guidance from expert data analysts and get valuable advice from career coaches and student advisors.
The median base salary for entry-level data analysts is $41,374 per year, and can be as high as $62,000, based on your geographic location and company.
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Early careers for professional data analysts often begin by serving as a junior data analyst in an organization.
They are employed by many industries, such as telecommunications, information technology and banking. Some of the primary tasks of a junior data analyst include pattern identification, data visualization, and dashboard creation.
Junior data analyst must have at least an US degree. However, a bachelor’s degree in statistics, mathematics, computer science or information management is preferred.
According to Zippia, junior data analysts earn an average of $53,188 per year. The top 10% of professionals earn up to $71,000 a year, while the bottom 10% make $39,000 a year.
Career Development In Data Analytics
Senior data analysts often oversee teams of junior data analysts to interpret data and track metrics that reflect organizational performance. In addition, senior professionals liaise with the management team and stakeholders to improve business processes.
As a Senior Data Analyst, you will be responsible for producing effective business solutions that enhance the current workflow of organizations.
In addition, you must debug, document, support, and code applications, often developing new ones according to your business needs.
To get a job as a senior data analyst, you must have a bachelor’s degree in information technology, applied mathematics, information systems, business administration, or statistics.
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The median salary for senior data analysts is $97,398 per year. The highest salary a senior data analyst can earn is $133,000 per year.
Data analytics managers develop and implement comprehensive business strategies and tools to turn raw data into business insights.
Other experts in the company then use this insight to make decisions and strategies for the organization.
The median US salary for a data analytics director is $157,880. The bottom 10% earn $119,384, while the top 10% earn $194,866 annually.
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A Chief Data Officer holds a senior executive position within the organization and is responsible for the management and use of data. As the Chief Data Officer, you will understand the strategies you can use to steer your business in the right direction.
Here are the requirements and qualifications you need to land a job as chief data officer:
In the United States, chief data officers earn a median salary of $282,500, while the median salary ranges from $135,000 to $1,000,000.
If you don’t want to work full time as a data analyst, you can choose to freelance. Many companies large and small require data analysis for price forecasting, studying market trends, competitor analysis, and much more. have
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To work as a freelance data analyst, you need to have various technical skills such as R, Python, SQL, Microsoft Excel, and data visualization tools. Many employers also prefer an educational background in statistics and mathematics.
On average, freelance data analysts earn $36 per hour or $74,481 per year. The highest earners took home up to $159,500, while the bottom 10% made around $22,000.
If you’re looking to build a career in data analytics without limiting yourself to one company, a freelance position might be in your favor.
Data analyst consultants or systems consultants work in a variety of markets and industries, examining data processes and managing organizational data.
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They link the results of data analysis with insights to show stakeholders possible opportunities for growth and improvement.
Consultants sometimes have to create spreadsheets and data streams and work with people from other departments and clients. Following are some of the roles and responsibilities of a data analyst consultant:
It is preferable for all careers in data analysis to have a bachelor’s degree in information technology, programming, computer science, management information systems, or mathematics. have
According to Zippia data, 13.2% of data consultants have analytical skills, while 6.4% have data management skills.
Data Analytics Career Pathways
Apart from that, you should also have all the skills required to become a data analyst including communication, teamwork, presentation, analysis and critical thinking skills.
Data analysts in the US earn an average of $83,000 per year. The higher salary range goes to $106,000, while those on the lower end earn $65,000 a year.
If you want to advance your career as a data analyst, be sure to follow these tips:
The good news is that you can get a job as a data analyst with no experience, but if you want to explore an advanced career in this field, you will need to develop your skills.
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For example, develop an understanding of IT systems or learn a programming language for advanced data analysis. The more skills you can list on your resume, the better your chances of winning over other candidates.
Along with developing your skills, you also need to build your network. Doing so will help you land yourself in a bigger and better workplace, while introducing you to new job opportunities in your field.
In cross-functional teamwork, you feel more connected to your organization and colleagues. It also tends to make you better at troubleshooting, which is at the heart of data analysis.
Plus, it helps you build connections and expand your network. You can get feedback from your seniors to improve your work going forward.
Data Analytics Career Path
Yes, data analysts are in high demand as all organizations need data specialists to meet their business needs.
According to IBM, the number of jobs for data professionals in the US is expected to increase from 364,000 jobs to 2,720,000 by 2020. Meanwhile, Glassdoor reports that data scientist is the number one job on the site.
You don’t need a degree to become a data analyst, but a bachelor’s degree can help increase your chances for a successful career in data analysis.
Yes, you can become a data analyst without any experience. Since there is a comprehensive range of job titles in data analytics, you can enter this field even without experience.
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However, if you wish to advance to an advanced career in data analysis, you must have a minimum of five to 10 years of experience.
A data analyst uses existing methodologies and means to collect and analyze data. Meanwhile, a data scientist is involved in developing new data collection and analysis methods that are more efficient, accurate and error-free than existing ones.
Both roles help gather actionable insights for an organization, but they can differ based on the tools and processes they use.
As this is such a broad field, there are many careers in data analytics and which one you choose will depend on your skills, expertise and preferences. The good news is
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