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Research Analyst

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.

Skills Required

  • 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

Pros

  • High paying job
  • Rewarding teamwork
  • Get to meet new people
  • Highly competitive work culture thereby your are constantly improving skills
Cons
  • Monotonous kind of work
  • Long working hours
  • Intense competition
  • Traveling

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