If you have an excellent communication skill and are inclined towards facts and figures then becoming a research analyst is the career potion for you. You might have come across the term " Research Analyst", it appears in all sectors of the industry- the work they do depends upon the industry type they are engaged in.
Who is a Research Analyst
As the name suggest, the job of a Research Analyst is to collect information from the market, prepare reports/ presentation in a way that can be easily understood by the clients or co-workers. As a research analyst your job is to become an expert in a very specific sector.
There are different types of Research Analyst, depending upon the working setup.
- Market Research Analysts
- Operations Research Analyst
- Computer Research Analyst
Role of a Research Analyst
- Collecting information or data from the market
- Analyzing the data or information and preparing reports.
- Conducting market research or developing new techniques to conduct research in a cost-effective manner.
- Creating presentations for clients and co-workers.
- Analytical skills: Should be able to understand and interpret information.
- Critical-thinking skills: Should be able to devise method's or strategy for the benefit of the company.
- Detail oriented: Should be a keen observer. Must pay attention to details.
- Communication skills: Having good communication skills is an added advantage as it can help you gather information or interpret data easily.
Pros and Cons of being a Research Analyst
- High paying job
- Rewarding teamwork
- Get to meet new people
- Highly competitive work culture thereby your are constantly improving skills
- Monotonous kind of work
- Long working hours
- Intense competition