Operations analyst salary

Operations analyst salary DEFAULT

How much does a Business Operations Analyst make in the United States? The average Business Operations Analyst salary in the United States is $62,435 as of September 27, 2021, but the salary range typically falls between $55,624 and $72,775. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

SalarySalary + BonusBenefits

Based on HR-reported data: a national average with a geographic differential

Business Operations Analyst Salaries by Percentile

Percentile Salary LocationLast Updated
10th Percentile Business Operations Analyst Salary$49,424USSeptember 27, 2021
25th Percentile Business Operations Analyst Salary$55,624USSeptember 27, 2021
50th Percentile Business Operations Analyst Salary$62,435USSeptember 27, 2021
75th Percentile Business Operations Analyst Salary$72,775USSeptember 27, 2021
90th Percentile Business Operations Analyst Salary$82,189USSeptember 27, 2021

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This Operations Analyst position involves working in a fast pace, growing environment driven by ... Facilitating technology and business change management Required Skills: * Excellent interpersonal ...

Cross River - 41 days ago

... business problems or processes. Incumbents in this intermediate level work under general ... Collects operational /product/ financial data, conducts research and performs complex analysis ...

AAA - 5 days ago

... urgent operations problem resolution. Develops solid, well-rounded knowledge of a business ... Minimum 3 years proven experience in Data analysis and Management Bachelor's Degree in appropriate ...

Dice.com - 2 days ago

Summary The Senior Business Operations Analyst will be responsible for driving and measuring sales performance, providing timely and accurate data and analysis to support objectives, and providing ...

LinkedIn - 29 days ago

We are looking for a world class analyst to help transform and scale service experiences. We have ... What you'll bring * 3+ years of experience working with service operations, e-commerce marketplace ...

Intuit - 6 days ago

About the Role We are looking for a Salesforce Data Operations Analyst who will be a member of DoorDash's Business Systems group. You will report to our Director, Business Systems Transformation and ...

Recruitics REACH - 74 days ago

What does a Business Operations Analyst do?

Business Operations Analyst in New York, NY

Contribute to fully align the different teams and promote knowledge sharing.

March 10, 2021

Business Operations Analyst in Plantation, FL

Execute customer experience initiatives, change to completion by partnering with call center (in house and 3rd party vendor), marketing, IT and network team to ensure a healthy and well-managed initiative.

October 15, 2020

Business Operations Analyst in Rock Spring, MD

Collaborate with Branches to provide high level and/or detailed analysis (written and statistical) of operational results and reports as needed.

February 12, 2021

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Understand the total compensation opportunity for a Business Operations Analyst, base salary plus other pay elements

Average Base Salary

Core compensation

 

 

 

Average Total Cash Compensation

Includes base and annual incentives

 

 

 

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Business Operations Analyst in the United States. The base salary for Business Operations Analyst ranges from $55,624 to $72,775 with the average base salary of $62,435. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,262 to $74,968 with the average total cash compensation of $63,393.

Sours: https://www.salary.com/research/salary/posting/business-operations-analyst-salary

Operations Analyst Salary and Job Expectations

The salary and job expectations of an operations analyst will vary depending on the specific industry and the individual’s experience. If you’re considering pursuing a career as an operations analyst, it’s important to understand what you’ll be doing every day and how much you’ll earn.

Once you’ve decided that it’s the path you want to take, Northeastern University’s Master of Business Administration degree can give you the knowledge and experience necessary to be competitive in the field.

 
operation analysts working together

What does an operations analyst do?

An operations analyst works with companies to solve their internal issues and develop strategies to meet goals. In your day-to-day activities, you can expect to work in an office and even do some traveling, depending on the nature of the job and the location of your client. If you want a job that involves a lot of communication and collaboration, this could be the perfect career for you, as you’ll spend most of your days chatting with and learning from your colleagues.

Operations analysts in all industries are responsible for the following tasks:

  • Identifying problems: To help a company or a specific department operate more efficiently, you first need to address the issues that are holding it back. Common examples of operational problems include high production costs or a misallocation of labor.
  • Conducting research: Once the problem is identified, you’ll be responsible for engaging in the research necessary to come up with a solution. This will involve interviewing employees, gaining an understanding of their workflows, and learning about how internal tools are used. By using software, you’ll be able to funnel your research into data analysis and statistical modeling.
  • Come up with solutions: After you’ve figured out the problem and have research to back it up, you’ll organize your findings into a report and then offer a solution. Also, when your solution is put into place, you’ll monitor the implemented changes and measure the success of the results. For example, if you’re tasked with reducing production costs, your report may suggest consolidating certain responsibilities. If your manager approves, you’ll be expected to report back to them about whether or not this actually lowered production costs, as well as any new problems that were created as a result.
  • Coordinate with managers: Fortunately, you won’t be doing all of this alone. As an operations analyst, you’ll constantly collaborate with colleagues, managers, and other analysts to come up with the best solutions possible.

While they may seem similar, operations analysts are different from business process reengineers (BPRs). An operations analyst seeks to make improvements by studying the current systems of a business, identifying problems, and suggesting solutions. BPRs do this too. However, their goal is to completely transform the internal systems of a business, not just make improvements.

How much does an operations analyst make?

If you plan to work in an entry-level operation analyst job, you can expect to earn around $50,000 annually according to PayScale. With more than a year of experience in the field, the average salary is $60,000. Operations analysts with a master’s degree, many years of experience, and an impressive resume can often earn over $100,000 a year.

It’s important to note that different industries have different salary ranges for this type of job. For example, operations analysts in sales tend to earn more than those in marketing. The size of the company, your full time or part time status, and the number of clients you manage will play roles in determining your salary as well.

 
An analyst team collaborating in an office

How much experience do you need to be an operations analyst?

To be an operations analyst, you’ll need to be proficient in operations research, predictive modeling, and statistical analysis. You’ll also need good communication and collaboration skills. While these abilities will constantly develop throughout your career, you will need an educational foundation to get started.

To qualify for an entry-level operations analyst position, you’ll need at least a bachelor’s degree in business administration, operations research, or statistics. For higher-level positions, you’ll need to complete a master’s degree program.

The Online MBA program at Northeastern University will give you the knowledge and skills required to build a long and successful career as an operations analyst. If you already know the field you want to work in, Northeastern provides the freedom to customize your studies accordingly. There are eight concentrations you can choose from:

  • Finance
  • Healthcare Management
  • High Technology Management
  • Innovation Entrepreneurship
  • International Management
  • Marketing
  • Supply Chain Management
  • Sustainability

By choosing any one of these concentrations, you’ll have access to a wide range of courses, many of which relate directly to the day-to-day duties of an operations analyst. For example, an Online MBA degree from D’Amore-McKim’s School of Business, with a focus in Healthcare Management, includes courses like strategic decision-making and financial strategies (unique to healthcare providers). Or, if you enroll in the Innovation Entrepreneurship concentration, you’ll take classes like day-to-day business operations and business plan creation.

You can learn more about Northeastern’s Online MBA program by speaking with an enrollment advisor.

 

Recommended Readings

How to Become a Business Consultant

Salary Guide: What to Expect with an MBA

Northeastern University Online MBA

 

Sources

Payscale – Average Operations Analyst Salaries

Indeed – Learn About Being an Operations Analyst

 

Sours: https://onlinebusiness.northeastern.edu/blog/operations-analyst-salary-job-expectations/
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59% of Operations analysts in the United States think their salaries are enough for the cost of living in their area.

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Your path to a career as an operations analyst

Operations analysts are often referred to as operations research analysts, which describes the job quite effectively. In this role, you’ll research company operations to help management make decisions, reformulate policies, adjust logistics, and make changes to streamline operations. This is a highly data-driven field emphasizing mathematics, simulation models, data validation, and analytics, all for the purpose of identifying and correcting problems.

Because they work in a technical field, analysts in today’s fast-paced environments are always building their skill sets and learning about industry trends and new technology. The following information will help you learn more about this career path.

Why pursue a career as an operations analyst?      

Working as an operations analyst is an interesting career for people who enjoy handling data and doing investigative work. It’s also financially rewarding and easy to pursue. Entry-level operations analyst positions typically require only a bachelor’s degree, and while some schools offer degree programs focused on operations research, you don’t necessarily need a degree specific to the field. Because an operations research career involves a great deal of mathematics, employers are looking for students with backgrounds in statistics, calculus, algebra, and computer science. Courses on these topics are offered in a variety of degree programs.

In this field, you can expect many benefits, including those detailed below.

Career diversity

Operations analysts have a lot of options, both with regard to industries and particular niches within them. Government, health care, manufacturing, and many other sectors need analysts to identify and resolve problems, and you might be called on to work on many different kinds of issues. For example, you might focus on solving logistical challenges by finding the most effective way to distribute products or developing more effective production schedules.

Stable routine

For people who prefer a career that doesn’t demand long hours or lots of travel, operations analysis may be a good fit. The position typically offers a stable day-to-day routine centered on work in an office. Business trips are minimal and limited mainly to conferences and forays into the field or to job sites to make observations or gather data directly.

Part of a team

Problem-solving in a business setting is a multidisciplinary function requiring people with many different skills to effectively identify issues and propose solutions. As an operations analyst, you’ll likely be part of a larger team working together to make improvements to company processes.

Good compensation

According to the U.S. Bureau of Labor Statistics, the median annual salary for operations analysts in 2019 was $84,810 — more than twice the median annual wage across all professions. Depending on the sector, some opportunities may pay even more. 

Industry trends for operations analysts

Many of the trends in this industry are in the digital sphere, including more effective methods of analyzing data and creating predictive models. Machine learning and artificial intelligence are becoming more important as major corporations look for solutions to efficiently digitize outdated processes. Here are some trends you should keep your eye on:

Among large corporations, the movement toward adopting modern digital processes has been slow and difficult, yet most companies are aware of the need to upgrade their practices. Operations analysts will play a major role in this transformation. These projects may involve the use of innovative technologies such as artificial intelligence and machine learning.

Research from Gartner Inc. reveals that digitalization and technology enablement rank among the top concerns for CEOs. A full 17% identified this as a business priority for 2019 and 2020.

Operations analysts can expect to be at the forefront of this trend. Their skills will be needed to develop and implement plans for digitalization and engage in careful observation throughout the implementation process so they can help create solutions as problems arise.

With growing numbers of purchases being made online, businesses are beginning to realize that companies that offer the best online consumer experience will be the most competitive. Operations analysts can expect many future opportunities in the digital sphere, helping to create customer experiences that keep buyers coming back.

Recent technological innovations in machine learning and AI mean that much of the forecasting and data analysis previously done by operations analysts is now done by computers. However, humans are still needed to add empathetic elements to the problem-solving process, and operations analysts are needed to develop creative solutions to problems that can’t be solved by machines.

This means analyst jobs will start to shift from data analysis and forecasting to oversight of digital forecasting systems, as well as creative problem-solving of complex issues.

Areas of opportunity for operations analysts

Most operations analysts work for major corporations. The selection of industries and sectors in which these positions are present is quite diverse, with opportunities ranging from government to manufacturing.

Popular career areas for operations analysts

  • Federal government
  • Department of Defense
  • Company and enterprise management
  • Scientific and technical services

What kinds of operations analyst positions are available?

Most operations analyst jobs require a bachelor’s degree, but at the upper end of the field, a master’s degree or higher may be required. These jobs involve investigating all aspects of company or organizational management and require good research skills, analytical skills, and creative thinking.

Data from the BLS shows that as of 2019, there were 105,100 people employed as operations analysts. This field is predicted to see a large amount of growth — as much as 25% by 2029, which means 26,100 new operations analyst jobs.

Here are examples of the types of positions and salaries you can find at both the entry and advanced levels of this field.

Entry-level operations analyst jobs

Entry-level operations analyst positions offer opportunities to specialize in many different fields. These positions typically offer robust salaries and often require a bachelor’s degree.

Market research analyst

$63,790

Logistician

$74,750

Management analyst

$85,260

Advanced operations analyst jobs

For advanced jobs, a master’s degree may be required. Many of these positions are highly specialized and available only in certain industries — for example, industrial engineers or software developers specializing in technology development.

Industrial engineer

$88,020

Mathematician or statistician

$92,030

Economist

$105,020

Software developer

$107,510

Top skills and digital tools for operations analysts

Operations analysts are deeply involved in how a business accomplishes its goals. Employers look for a broad range of skills when evaluating applications. We’ve compiled research to show what the fastest-growing skill trends are for operations analysts through 2023.

Fast-growing analyst skills

Demand for these skills is projected to grow rapidly:

Top Skill

Projected Posting Growth (2018-2023)

Microsoft Office and productivity tools44%
Advanced Microsoft Excel37%
Enterprise resource planning25%
Business strategy24%
Leadership and management22%
Peformance management15%

Source: Burning Glass Technologies Occupational Insights, 2019

Technical skills

The top requested specialized or technical skills are:

  • Data science
  • Project management
  • Data analysis

Soft skills

The top requested soft skills for operations analysts are:

  • Communication
  • Teamwork
  • Planning
  • Attention to detail
  • Problem solving

Emerging skills

These are the skills you can expect to see mentioned more often in job postings: 

Emerging Skill

Projected Posting Growth (2018–2023)

Business communication43%
Defense federal acquisition regulations24%
Transportation management systems13%
Escalation management12%
Third-party logistics (3PL)8%
Supply chain coordination3%

Source: Burning Glass Technologies Occupational Insights, 2019

Popular tools

Although Microsoft Excel is the tool of choice for many analysts, the following tools are being used with increasing frequency:

Operations analyst internships  

Internships can help you achieve quick success after graduation. You’ll be able to gain experience in your specific industry, which is attractive to potential employers. Some companies offering internships in operations analysis are:
Internships are a great way to add experience to your resume as you pursue a career in accounting. Some employers that have internship programs include:

Operations analyst industry groups 

Industry associations provide networking opportunities than can help accelerate your career. They also help keep you up to date on industry knowledge as well as job opportunities. Some associations for operations analysts are:

Enter a diverse field 

Operations analysis is an exciting area for people who love analytics, big data, creative solutions, and innovation. This career rewards you not only with personal satisfaction but great pay, too. It’s a rapidly growing field because analysts are in high demand across a variety of sectors. If you have the right skills, you’ll enjoy a wide selection of opportunities.

This field will continue to grow. If you want to have a competitive edge, you’ll need connections to educators and employers — and that’s where we can help.

  1. O*Net OnLine
  2. U.S. Bureau of Labor Statistics
  3. Analytics Informs
  4. Burning Glass Technologies 
Sours: https://www.pearson.com/pathways/areas-work-study/operations-supply-chain-management/operations-analyst-job.html

Salary operations analyst

Average Operations Analyst Salary in Indonesia

Rp 108,000,000
Avg. Base Salary (IDR)

The average salary for an Operations Analyst is Rp 108,000,000

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What Do Operations Analysts Do?

An operations analyst typically performs duties related to the development and implementation of business practices that ensure optimal performance. The specific duties of an operations analyst can be as varied as the business world itself, but generally an operations analyst is tasked with evaluating and updating procedures, practices, and operations. Operations analysts are often involved with the design, implementation, and improvement of new and existing product lines.

Operations analysts …Read more

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Sours: https://www.payscale.com/research/ID/Job=Operations_Analyst/Salary
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