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Research Analyst Career

If you think you would enjoy a fast-paced world of challenges in corporate business, then a career as a Market Research Analyst might be just the thing. The role of a Market Research Analyst is to analyze market data and determine an organization's likely degree of success in a certain market. It may also entail developing business strategies for future projects. The key to success for a Market Research Analyst lies in their ability to create methods of acquiring and evaluating market data in such a way that enables them to determine the potential for generating a satisfactory amount of revenue.

Someone who wants to work as a market research analyst must have at least a bachelor's degree, but a master's degree may be required for some jobs. Preparation for a career as a market research analyst includes courses in business, marketing, statistics, mathematics and survey design.

As a Market Research Analyst, you will need strong analytical skills and a strong background in mathematics and economics. You should round this out with courses in business and accounting theories, which you will need to properly research markets. Very strong communication skills are a must for this career.

The good news for you as an incentive for growth in the field is that the Market research Analyst career is projected to be above average. The Bureau of Labor and Statistics (BLS), projects growth to be at 20% from 2004 to 2014. During which time Market Research Analyst jobs could grow from 189,900 to 227,000 positions.

Key among the reasons for this expansion is the growth and increased complexity of business operations in today's industries. Businesses need to streamline their efforts and use every ounce of knowledge they can get their hands on in order to make the most profitable business decisions.

Statistics show that the demand for Market Research Analysts will increase through 2016. The median annual earnings for Market Research Analysts was estimated at $60,300 in 2007.

More and more competition in global markets has spurred the demand for Market Research Analysts. The future looks bright for the Market Research Analyst profession, so go ahead and get started!

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