How many analysts does it take to change a light bulb? Three. One to prove existence, one to prove uniqueness and one to derive a nonconstructive algorithm to do it.
Over recent years the UK job market has become saturated with analyst job roles. Why? What does an analyst do? Ever wondered what the difference is between a data analyst and report analyst? The answer behind these questions and the multitude of analyst job roles is simple... decision making.
All sorts of companies in different industry sectors employ analysts. The purpose of an analyst is to study the performance of a particular firm or company sector and aid with critical decision-making. The majority of an analyst’s day is spent formulating reports often using company, product and market information. These reports are then used to influence the decision of professionals.
Information available within companies has greatly evolved granting firms the opportunity to access more detailed information about themselves and the market in which they operate. Firms in different markets require specialist reports to make sound decisions and this is one of the main reasons for the large increase in the variety of analyst job roles we see today.
Every analyst essentially performs the same fundamental task - analysing information and producing reports - but different analysts produce reports for different business departments and it is through these reports that departments are able to maximise their productivity and profitability.
The UK analyst job market in general has declined slightly over recent months in terms of remuneration but some specific analyst roles have seen increases of as much as 9%. Many analyst roles can command very attractive salary rates which may surprise many and be a new career of choice for candidates.
Compared to the same period last year the latest salary information from ITJobsWatch.co.uk shows the following:
| Job Role | Average Salary | % Change |
|---|---|---|
| All Analyst jobs | £39,514 | down 2.51% |
| Test Analyst jobs | £35,301 | up 4.41% |
| Data Analyst jobs | £35,048 | down 4.95% |
| Business Analyst jobs | £49,264 | down 4.07% |
| Analyst Programmer jobs | £39,600 | down 0.91% |
| Integration Analyst jobs | £45,708 | up 9.89% |
A spokesperson for Technojobs said, “Whilst the figures show pay rates have slightly decreased overall for analyst roles, recently we at Technojobs have seen a sustained increase in the variety and number of specialised analyst positions that have been made available to candidates over the past few years. Organisations of all types and sizes are recognising the inherent benefits analysts can bring to the table and as such are looking to utilize their skills to make more informed decisions.”
If you are interested in the different kinds of analyst roles available or would like to start a new career then click here
Or for business analyst jobs click here
Or for Data Analyst jobs click here