Data Analytics Careers: 10 Highest Paying Jobs and Salaries

Systems analysts.
Systems analysts define and analyze system problems

Data Analytics Careers: 10 Highest Paying Jobs and Salaries

This post provides exhaustive information on our selected ten highest paying jobs in the data analytics career, including the average salaries earned by each job.

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 are our selected of the ten top paying jobs in the data analytics career:

  1. Healthcare Data Analyst
  2. Systems Analyst
  3. Project Manager
  4. Operations Analyst
  5. Data Analytics Consultant
  6. Business Analyst
  7. Quantitative Analyst
  8. Data Engineer
  9. Data Scientist
  10. Digital Marketing Manager
  1. Healthcare Data Analyst

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.
business analyst  duties
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 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 manager duties
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.

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

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 Engineer duties
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 scientist duties.
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 Manager duties
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 provides exhaustive information on the highest paying ten jobs to help you decide the one to pursue.

It also shows 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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