Home Blog Who is a Data Analyst? Key Responsibilities, Skills & Salary 2022

Who is a Data Analyst? Key Responsibilities, Skills & Salary 2022

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What is a Data Analysis?

Data analysis is known to be a process where we glean several insights from data to make better business decisions. This process of analyzing data usually involves five iterative phases.

  • The first step is to identify the data you wish to analyze.
  • The next step involves collecting the data.
  • Then you have to clean the data before analysis.
  • After that, you analyze the data.
  • Finally, you interpret the results of the analysis.

Data Analysis Process or Steps

Who is a Data Analyst?

Data analysts in this matter are the ones who have to collect, organize, and interpret the different statistical information and help the organization make better decisions from it.

Data analysts scrutinize the data using special tools which then generate information for making decisions. With that, data analysts also use data modeling techniques for summarizing the overall features of data analysis.

Key Responsibilities of Data Analyst:

A Data Analyst has a lot on his plate all the time and below we have listed down some of the tasks he does;

  • Extract Data: He has to extract data from both primary and secondary sources using automated tools.
  • Removes Corrupted Data: He has to fix all coding errors and remove corrupted data and solve all the relevant problems.
  • Maintain Databases: It is a data analyst’s job to not only develop but maintain databases, data systems, and reorganize data in a readable format.
  • Filter Data: He has to filter data by reviewing reports and use performance indicators for identifying and correcting code problems.
  • Use Statistical Tools: He is required to identify, analyze, and interpret patterns by using statistical tools.
  • Assess Business Performance: He has to assess the business performance by assigning a numerical value to essential business functions.

Other important Responsibilities include;

  • Analyzing local and national trends that put an impact on organizations and industry as well.
  • He has to prepare reports for managing trends, patterns, and predictions by using relevant data.
  • Similarly, it is his job to prepare final analysis reports for stakeholders.

Required Qualification/Education:

A Bachelor’s degree in data analytics is a simple requirement to become. But know that not all universities offer this degree. So there has to be another way to land a job in data analytics right? Below you can find some alternative degrees that also teach data analysis skills. These are degrees in;

  • Data Science
  • Applied Mathematics or Statistics
  • A Bachelor of Science in Psychology
  • Computer Science
  • Finance or Economics
  • Management Information Systems
Important Note: No matter what degree you choose just make sure you take statistics, linear algebra, calculus, and lastly computer science classes. Why because these classes would cover database and statistical software.

Recommended Courses:

Google Data Analytics Professional CertificateData Analytics Professional Certificate

  • Google via Coursera
  • 6 months (10 hours weekly) of effort required
  • 786,814+ students enrolled
  • ★★★★★ (55,669 Ratings)
Data Analysis for Life SciencesData Analysis for life Sciences

  • Harvard University via edX
  • 4 Months (2-4 hours weekly) of effort required
  • 4 Skills-building courses
  • ★★★★★
IBM Data Analyst Professional CertificateIBM Data Analyst Professional Certificate

  • IBM via Coursera
  • 11 Months (3 hours weekly) of effort required
  • 64,369+ already enrolled!
  • ★★★★★ (7,521 ratings)

What makes you qualified for this job?

Want to know what makes you qualified for this job? Well, to be able to become a successful data analyst, you need to possess both technical and hard/soft skills.

You need a strong background in subjects like;

  • Mathematics
  • Statistics
  • Information Management
  • Computer Science
  • Economics

If you have a strong background in either of the above subjects then this can serve as a solid foundation to help build your career as a data analyst.

With that, there are some hard skills required like becoming proficient at;

  • Structured Query Language (SQL)
  • Predictive Modeling
  • Microsoft Excel
  • Building Data Sets
  • Machine Learning Algorithms
  • Decision-making
  • Machine Learning Models
  • Knowhow of Python and other Programming Languages
  • Data Optimization
  • Regression Analysis

And many others. And then there come some general skills which are also demanded;

  • A very strong level of mathematical ability is required.
  • A very good understanding of the ethics of gathering and working data is a must.
  • Similarly, the ability to not only analyze but model and interpret data is very important.
  • You need to possess written and verbal communication skills.
  • Similarly, problem-solving skills are also required.
  • Accuracy and attention to detail add value.
  • Interpersonal and team working skills are also valued.

So this was a very brief breakdown of the different skills that are demanded and play a very important part in making a successful career as a data analyst.

General Desired Skills:

  • A very strong level of mathematical ability is required.
  • A very good understanding of the ethics of gathering and working data is a must.
  • Similarly, the ability to not only analyze but model and interpret data is very important.
  • You need to possess written and verbal communication skills.
  • Similarly, problem-solving skills are also required.
  • Accuracy and attention to detail add value.
  • Interpersonal and team working skills are also valued.

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Data Analysis and Fundamental Statistics

        • Coventry University via Futurelearn
        • 475+ already enrolled!
        • 4 weeks (4 hours / week) of effort required!

In-demand Certifications:

Want to know some of the very best data analyst certifications you can take? Below are the names that can be of good help;

Top Companies/Organizations Hiring Data Analyst

If you are a skilled data analyst then know that you are among some of the most sought-after professionals in the world. Sadly the number of people who can truly do this job is very limited and this can turn out to be a great opportunity for you in terms of salary and perks.

Top companies like Bloomberg, Capital One, Accenture, IBM, IBEX Global, Google, Cisco Systems, and Amazon etc. are most likely to hire data analysts at a very high pay scale.

Similarly, many popular industries like business intelligence, finance, sharing economy services, entertainment, and healthcare etc. are hiring data analyst every day.

Data Analyst Salary Statistics

Below table summarizes the average annual salary of a data analyst in five different countries. Further salary details are also available as per glassdoor.

Country Average Salary (Yearly)
United States $77,294
Canada CA$66,970
United Kingdom £35,037
Australia A$93,000
India ₹550,000

USA:

The average annual salary of a data analyst working in the United States is around $77,294.

Data Analyst - USA

Canada:

If you are working as a data analyst in Canada, then you can expect to make an average annual salary of $66,970.

Data Analyst - Canada

UK:

In United Kingdom, data analysts can make an average annual salary of £35,037.

Data Analyst - UK

India:

In India, data analysts can make around ₹550,000 per year.

Data Analyst - India

Australia:

Working as a data analyst in Australia can help you make around A$93,000 per year.

Data Analyst - Australia

Data Analyst Vs Data Scientist:

Even though both Data Analyst and Data Scientist work with data, yet their job description is quite different from one another.

Data Analyst Data Scientist
Data Analyst examines large data sets for identifying trends and develop charts. He creates visual presentations for helping the business make more strategic decisions. On the other hand, Data Scientist designs and constructs new processes for data modeling and production by using prototypes, algorithms, predictive models, and custom analysis.

Concluding Remarks:

Working as a data analyst can be a rewarding career only if you work hard enough to get the required degree and the skills to become the best. The above article has almost everything you need to know about a data analyst and what the requirements are.Explore a New Career

References/Sources:

  • https://www.glassdoor.com
  • https://www.northeastern.edu
  • https://targetjobs.co.uk