Systems analysts define and analyze system problems
This post provides exhaustive information on the highest paying data analytics jobs, including the duties and responsibilities they perform and their salaries, to help you make a good decision about getting into the data analytics career.
Please, keep reading to learn about the top paying jobs in the data analytics careers:
What is Data Analytics?
Data analytics involves the interpretation of data and turning it into information that creates ways to improve a business.
It involves different sources of gathering information and interpreting patterns and trends to achieve results.
10 Highest Paying Data Analytics Jobs and Their Salaries
Here is our selection of the ten top paying data analytics jobs you can explore:
Healthcare data analysts examine and interpret a series of medical data so as to help develop strategies for healthcare delivery and management of a successful healthcare business.
Duties and Responsibilities
The following are major duties and responsibilities typically performed by healthcare data analytics:
Utilizing different data sources for analyses
Compiling and organizing healthcare data
Understanding data storage and data sharing methods
Using healthcare data to accomplish administrative needs and objectives
Investigating data to find patterns and trends
Analyzing data to help deliver decision making and optimal healthcare management
Understanding healthcare business operations
Converting data into usable information that is easy to understand
Developing reports and presentations
Communicating analytic insights to management.
Qualifications, Experience, and Skills for Job Hunting and Career Success
Bachelor’s degree in any of the following: Mathematics, Healthcare, Administration, or Statistics, or in a related field
Master’s degree is a very big advantage
Experience with data visualization tools
4+ years experience in an analytic role
Proficiency with Python for data manipulation
Proficiency managing electronic medical records
Knowledge of data management applications
Analytical mindset with good problem-solving skills
Excellent written and verbal communication skills
Good interpersonal skills.
ICT business analysts develop and implement technological systems to improving company business processes and profits.
Healthcare Data Analytics Salary
As of January 2016, PayScale’s salary data report stated that the majority of health care analysts earn between $45,747 and $79,155 a year, with bonuses included.
The figure they formerly earned was $58,967.
Future Job Outlook
According to a prediction by the U.S. Bureau of Labor Statistics (BLS), health data analysis will experience a great deal of job growth in the next decade.
In the most recent BLS’s estimates, careers related to data interpretation, data storage, and the use of electronic health records are projected to grow by more than 15 percent through 2024, which is twice as fast as the general growth rate estimated for all occupations.
2. Systems Analyst
Systems analytics is another high paying job in the data analytics career. Systems analysts define and analyze system problems; designing, and testing standards and solutions to find out how well hardware, software, and the wider IT system fit their employer’s or client’s needs.
Duties and Responsibilities
The major duties and responsibilities commonly performed by systems analysts are shown below:
Examining current systems
Implementing new systems
Communicating with users
Interacting with other IT staff, such as programmers, to produce new systems
Producing specifications for new or modified systems.
Qualifications and Skills for Job Hunting and Career Success
Before you can think of getting a job as a systems analyst, you first need a degree in a technical or IT subject, or experience from a similar role.
You also need to have the following skills:
Written and verbal communication skills
Attention to detail
Interpersonal skills
Strong analytical skills
Teamwork skills
Flexibility
Adaptability
Initiative
Systems Analyst Salary
According to PayScale’s salary report, the average systems analysts salary is $64,985 per year, which results to $25.30 per hour. The bonus pay is $3,034; while commission is $7,550, and profit-sharing $2,506.
According to Glassdoor, systems analysts earn an average base pay of $68,807 per year. The BLS also stated that the median annual income for systems analysts was $88,740 as of May 2018.
Future Job Outlook
According to the Bureau of Labor Statistics (BLS), the growth rate for the systems analysts career is projected to be 9 percent, as fast as average for all professions from 2016 to 2026.
3. Project Manager
Project managers keep track of a team’s progress using analytics tools, track their efficiency, and increase productivity by changing processes.
They coordinate and complete projects on time; oversee all aspects of projects; set deadlines; assign responsibilities; and monitor and summarize progress of project.
Duties and Responsibilities
Project managers commonly perform the following duties and responsibilities:
Manage resources from inside a company and third parties/vendors for the perfect execution of projects
Make sure that all projects are delivered on-time
Help define project scope and objectives
Make sure there is availability of resource and allocation
Build up a detailed project plan to monitor and track progress
Use appropriate tools and techniques to measure project performance
Report and rise to management as desired
Perform risk management to reduce project risks
Set up and maintain relationships with third parties/vendors
Create and maintain comprehensive project documentation
Use and continually develop leadership skills
Go to conferences and training as required to maintain proficiency
Perform other related duties as assigned
Build up spreadsheets, diagrams, and process maps to document needs.
Qualifications, Experience, and Skills for Job Hunting and Career Success
Bachelor’s degree required
Proven working experience in project management
Excellent communication skills
Solid organizational skills
Attention to detail
Multitasking skills
Project management skills.
Project Manager Salary
IT project managers usually set up meetings with their teams to review project progress.
Project managers’ wages vary in the United States. For instance, entry-level project managers earn the median salary of $89,286; established project managers are paid $96,425; engineering project managers receive $107,472 as their salary; while IT project managers take home $100,000.
Future Job Outlook
The U.S. Bureau of Labor Statistics (BLS) stated anticipation of all project management careers to grow by approximately 6% by 2024, providing a job change of as much as 505,000 new project managers within the next 7 years.
4. Operations Analyst
Operations analysts are responsible for discovering faults in business models and operations. They conduct research, investigate workflows and business procedures, and recommend the right changes to be made.
Duties and Responsibilities
The following are major duties and responsibilities performed by operations analyst:
Interviewing customers to identify project requirements; analyzing operations; determining project scope; documenting results; and preparing customer contracts
Providing reference for customers by writing documentation; providing support and help
Researching and resolving problems to maintain systems; maintaining system integrity and security
Establishing and enforcing organization standards to maintain quality service
Completing tests to verify results
Identifying phases and elements, personnel requirements and costs, to develop project estimates
Conducting training to get customers ready to use system
Collecting, analyzing, and summarizing information to prepare reports
Accomplishing related results as needed so as to contribute to team effort.
Skills and Qualifications for Job Hunting and Career Success
Programming and developing software
Database administration
Aptitude for math and statistics
Problem solving and investigative skills
Detailed and thorough
People skills
Multitasking
Self motivated and dependable
Project management skills
Ability to meet deadlines
Adaptable and proactive
Respectful and professional
Leadership capabilities
Consistency and accuracy
A Bachelor’s degree can only take the candidate to qualify for junior analysts positions. However, those who aspire for higher positions need to acquire a Master’s degree.
Operations Analyst Salary
In a salary report provided by Glassdoor, operations analysts earn an average base salary of $61,089 per year.
According to PayScale, the average annual base pay for operations analysts is $54,828. They also receive $3,459 bonus, $2,000 commission, and $2,021 profit-sharing.
Future Job Outlook
The U.S. Bureau of Labor Statistics (BLS) predicted the operations analyst’s jobs to increase by 27% percent from 2016 to 2026, higher than the 7% predicted for all professions.
5. Data Analytics Consultant
Data analytics consultants deliver up ideas to a company to help their business grow. They use a range of techniques that optimize different business intelligence tasks by leveraging existing data.
Duties and Responsibilities
The following are major duties and responsibilities performed by data analytics consultant:
Build up latest and innovative analytical solutions that meet customer requirements
Create presentations, charts, tables, and graphs using the design principles
Make sure that reporting market share data on time to PSG community
Reply to requests from Market Intelligence Executives and provide best solutions
Properly direct industry analysts concerning market share information in adherence with company policies
Collaborate with business users and technical companies to customize analytical solutions to meet business needs
Work together with PSG department to forecast growth rate and strategy planning
Create analytical solutions to understand business strategy
Manage guidance process and report generation process
Provide information regarding competition in local market.
Skills, Experience, and Qualifications for Job Hunting and Career Success
Communication skills
Software skills
Hardware skills
Coding skills
Proper knowledge of Hadoop
Data visualization skills
Product and project management skills
Experience with big data tools (Hadoop, Spark, Cloudera, RapidMiner, Qubole, BigML, etc.)
At least 2-3 years experience in business analytics, information management, systems integration, data management, and architecture
Experience executing ETL and reporting, as well as with the implementation of high volume batch processing involving large data stores and business intelligence technologies
A University degree in Math or IT orientation required.
Data Analytics Consultant Salary
Glassdoor recorded an average base salary of $104,558 as the annual payment for data analytics consultants.
According to Ziprecruiter, data analytics consultants earn an average salary of $107,769 per year.
In a report provided by PayScale, data analytics consultants are paid an annual salary of $80,588 and $35.98 per hour, including $7,630 bonus and $2,250 profit-sharing.
Future Job Outlook
According to the Bureau of Labor Statistics (BLS), employment of data analytics consultants is projected to grow 11% from 2014 to 2024, faster than the average for all jobs.
6. Business Analyst
Business analysts use tools such as Word, Excel, Google Docs, PowerPoint, Sheets and Slides, Visio, etc. to gather and analyze the basic business needs and requirements and are responsible for bringing and managing change in the business.
Duties and Responsibilities
The following are major business analyst duties and responsibilities:
Decide operational objectives by studying business functions; gathering information; evaluating output requirements and formats
Create workflow charts and diagrams; studying system capabilities; writing specifications
Develop systems by studying current practices; designing modifications
Suggest controls by identifying problems; writing improved procedures
Describe project requirements by identifying project milestones, phases and elements; forming project team; establishing project budget
Keep an eye on project progress by tracking activity; resolving problems; publishing progress reports; recommending actions
Keep user confidence and protect operations by maintaining information confidential
Arrange technical reports by collecting, analyzing and summarizing information and trends
Authenticate resource requirements and develop cost estimate models
Conduct and coordinate financial, product, market, operational and related research to support strategic and business planning within the various departments and programs of the client group.
Qualifications, Experience, and Skills for Job Hunting and Career Success
A Bachelor’s degree in an appropriate field of study is required
Experience in using Microsoft Access and/or SQL strongly preferred
Extremely organized with strong time-management skills
Detail oriented, analytical and inquisitive
Ability to work independently and with others.
Business Analyst Salary
The average salary for a business analyst in the United States is $74,634 per year.
Future Job Outlook
The U.S. Bureau of Labor Statistics projected employment of business analysts to grow 14 percent from 2014 to 2024, which is much faster than the average for all careers.
7. Quantitative Analyst
The quantitative analyst is another high paying data analytics job you can check out. A quantitative analyst is a professional who uses quantitative methods (mathematical and statistical methods) to apply to assist companies in business and financial decision making.
Duties and Responsibilities
Big Data Engineers create and manage an organization’s Big Data infrastructure and tools.
Quantitative Analysts perform the following duties and responsibilities:
Explore new products or analytics to decide their usefulness
Maintain and adjust all analytic models in use
Devise or apply independent models or tools to help verify results of analytical systems
Produce written summaries of researched results
Interpret results of analytical procedures
Offer analytical support to researchers or traders on issues such as valuations or data
Build core analytical potentials using advanced statistical, quantitative, or econometric techniques
Create solutions to help clients avoid carbon exposure or danger
Develop tools to be used in the assessment of green technologies or green financial products, such as green hedge funds or social responsibility investment funds
Join forces with product development teams to research, model, validate, and implement quantitative structured solutions for new or expanded markets.
Qualifications and Skills for Job Hunting and Career Success
Due to the fact that many companies have just a few openings for quantitative analysts, the application process becomes highly competitive and top employers may only be interested in Ph.D. holders.
Therefore, the quantitative analyst job requires a Doctor of Philosophy (Ph.D.) Degree in: Math, Statistics, or Engineering, or in a related field However, a Bachelor’s degree is normally needed for the quantitative analyst career, although some top firms may require higher degrees.
Skills:
Analytical skills
Computer skills
Effective Communication skills
Independent research skills
Mathematical skills.
Quantitative Analyst Salary
Quantitative analysts’ salaries depend on the level and quality of education. In 2018, Quantitative analysts earned a median salary of $85,660, the median range signifying the 25 to 75 percent, which is roughly $66,000 to $100,000.
Future Job Outlook
The U.S. Bureau of Labor Statistics (BLS) has projected an 11 percent increase in jobs for Quantitative analysts in general from 2016 to 2026.
8. Data Engineer
Data Engineers are mainly responsible for transforming data into a format that can be easily analyzed.
They perform this task by developing, maintaining, and testing infrastructures of data generation.
Duties and Responsibilities
The data engineer duties and responsibilities are shown below:
Data scientists perform data mining using state-of-the-art methods.
Create and maintain optimal data pipeline architecture
Develop the right infrastructure to enable the usage of SQL and AWS ‘big data’ technologies to effectively extract, transform, and load data from a wide variety of data sources
Collaborate with stakeholders including the Executive, Product, Data, and Design teams to help with data-related technical problems and support their data infrastructure requirements
Collect big, complicated data sets that meet functional/non-functional business requirements
Discover, plan, and apply internal process improvements, including optimizing data delivery, automating manual processes, and re-designing infrastructure for greater scalability
Partner with data and analytics experts to strive for greater functionality in data systems.
Qualifications, Skills, and Experience for Job Hunting and Career Success
A Bachelor’s degree required
Communication skills
Strong project management and organizational skills
Technological Savvy/Analytical Skills
People Skills
Ms Office/Software
Interpersonal Skills
Experience carrying out root cause analysis on internal and external data and processes to answer specific business questions and discover opportunities for development
Experience working with cross-functional teams in a lively atmosphere
Experience with workflow management tools, such as Azkaban, Luigi, Airflow, etc. and data pipeline
Experience with stream-processing systems: Storm, Spark-Streaming, etc.
Experience with Python, Java, C++, Scala, etc.
Data Engineer Salary
According to Ziprecruiter.com, data engineers seem to earn $130,735 as their annual salary. According to Glassdoor, those in this field receive an annual salary of $116,593.
Future Job Outlook
The demand for data engineers has in recent times become high due to the incredible value they bring to organizations regarding data mining, analysis, and implementation.
There are currently about 11,000 active data engineers across the globe. Most of them work as consultants and independent contractors. Others work for multi-national corporations that manage large-scale data.
9. Data Scientist
A data scientist is an expert that makes value out of data by getting information from different sources and analyzes it for better understanding about how the business performs.
Duties and Responsibilities
Shown below are major duties and responsibilities data scientists perform:
Data mining using state-of-the-art methods
Improving data collection processes to include information that is relevant for building analytic systems
Enlarge company’s data with third party sources of information when required
Processing, refining, and proving the integrity of data used for analysis
Performing ad-hoc analysis and giving out results in a clear way
Creating and constantly tracking the performance of automated anomaly detection systems.
Qualifications, Skills, and Experience for Job Hunting and Career Success
You need at least a four-year Bachelor’s degree to pursue a career as a data scientist. You will have to earn either a Master’s degree or Doctorate if your goal is to advance to a leadership position
Great communication skills
Good scripting and programming skills
Skills in using query languages such as SQL, Hive, Pig
Exceptional statistics skills, such as distributions, statistical testing, regression, etc.
Excellent understanding of machine learning techniques and algorithms, such as k-NN, Naive Bayes, SVM, Decision Forests, etc.
Experience with MongoDB, Cassandra, HBase databases
Experience with common data science toolkits, such as R, MatLab, NumPy, Weka, etc. Excellence in at least one of these is highly sought-after
Experience with data visualization tools.
Data Scientist Salary
Data Scientist salary depends on experience and position. Those in higher positions with years of experience are paid higher. According to Glassdoor, the average salary of a typical data scientist is $117,345 per year.
Future Job Outlook
According to a series of 2019 predictions, the data scientist job market is still very hot and will increase in 2019 and beyond. BLS predicted 19% rise in this profession by the year 2026.
10. Digital Marketing Manager
Digital marketing managers are responsible for planning and managing marketing campaigns with the aim of promoting a company’s brand.
Duties and Responsibilities
Design and implement all digital marketing, including SEO/SEM, marketing database, email, and social media and display advertising campaigns
Determine and report performance of all digital marketing campaigns, and evaluate against goals (ROI and KPIs)
Discover movements and insights, and increase speed and performance based on the insights
Brainstorm new and creative growth strategies
Design, implement, and determine experiments and conversion tests
Partner with internal teams to create landing pages and optimize user experience
Instrument conversion points and optimize user funnels
Collaborate with agencies and other vendor partners
Evaluate emerging technologies.
Qualification, Skills, and Experience for Job Hunting and Career Success
A Bachelor’s/Master’s degree in marketing or in a related field is required for this career
Good knowledge of website analytics tools, such as Google Analytics, NetInsight, Omniture, and WebTrends
Excellent skills in using ad serving tools (e.g., DART, Atlas)
Skills using HTML, CSS, and JavaScript development and constraints
Strong analytical skills and data-driven thinking
Experience of how to set up and optimize Google Adwords campaigns
Experience in landing page and user funnel optimization
Experience in recognizing target audiences and devising digital campaigns that engage, inform and motivate
Experience with A/B and multivariate experiments
Proven working experience in digital marketing.
Digital Marketing Manager Salary
Digital Marketing Managers ensure total responsibilities for a firm’s marketing activities online.
According to SalaryCom, in July 30, 2019 the average digital marketing manager salary in the United States was $100,294. But the range typically falls between $86,201 and $123,664.
In Glassdoor’s salary report, digital marketing managers receive an annual salary of $73,114, while PayScale reported a salary range of $65,241 for this career.
Future Job Outlook
The U.S. Bureau of Labor Statistics (BLS) reported that there should be a job growth rate of approximately 9% for digital marketing managers, meaning that there would be as many as 20,000 new jobs in digital marketing management.
Conclusion
The data analytics field provides exiting and financially rewarding careers you can go into.
If you are looking to get into the data analytics career, this post has provided exhaustive information on the highest paying jobs to help you decide the one to get into.
It also showed the duties commonly performed in each of the jobs and the skills, qualifications, and experience you need to have to be hired.
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