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Analyst Job Description: Top Duties and Requirements

An Analyst, or Business Analyst, is responsible for collecting, examining, and interpreting data sets to help companies make important organizational and structural decisions. Their duties include deciding which performance data to track, measuring and analyzing the success of recently implemented strategies, and suggesting organizational changes to management teams.

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Analyst duties and responsibilities

An Analyst’s fundamental duties and responsibilities are to ensure the company maintains a stable financial status and business structure. Analysts must consistently evaluate and discover any problem areas to develop actionable plans that result in long-lasting and effective enhancements to the organization. They’re also responsible for:

  • Determining the methods for data collection to ensure the right tools are used and only relevant data is gathered
  • Analyzing data after critical examination to make informed conclusions and determine the significance of these statistics
  • Preparing reports and submitting them to the relevant authority for action
  • Reviewing previous data for comparison and determining the trends
  • Advising management on potential strategies to implement per the analyzed data
  • Communicating economic and financial impact that may result from changes
  • Collaborating with management to formulate policies
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Analyst Job Description Examples:

What does an Analyst do?

Analysts gather and evaluate organizational data and statistics to determine any enhancements to make to business structure, performance, or finances. They build a detailed and easily understandable report that outlines the organization’s overall performance results and what can be improved. Once they analyze this data and present their findings, they build and recommend a clear strategy for management to implement. They consistently review the success of these strategies and determine if any additional changes should be made as well. They gather various pieces of information, like business or financial performance, and present statistical reports based on these details.

Analyst skills and qualifications

Considering the nature of their work, there are some critical technical skills that all Analysts should possess, regardless of their field of specialization or their organization. A successful Analyst will have various prerequisite skills and qualifications needed for their role, including:

  • Ability to carefully examine, interpret, and extract significant data to form logical and valuable conclusions
  • Oral and written communication abilities
  • Report writing and compilation skills
  • Ability to give a precise, timely, and accurate presentation that addresses and suggests all business challenges in a clear and understandable manner
  • Time and resource management skills
  • Leadership and motivational skills
  • Problem-solving and critical thinking abilities

Analyst experience requirements

Most Analysts are expected to have at least one or two years experience interpreting data sets and statistical results. They should also have knowledge of, and experience using, statistical programming languages or other data visualization tools to help them better gather and evaluate key data points. Impressive candidates also have advanced expertise in basic statistical methods or experimentation, like predictive analysis, data mining, and regression.

Analyst education and training requirements

An entry-level Analyst usually requires a bachelor’s degree related to the specific field or industry of the role they’re pursuing. This could include a bachelor’s degree in business administration, marketing, statistics, finance, IT, economics, or accounting. Many Analysts pursue internships to gain hands-on analytical and data interpretation training in the specific industry and field they plan to work in. Some candidates gain a certification from the International Qualification Board for Business Analysis or from the International Institute of Business Analysis.

Analyst salary expectations

According to Indeed Salaries, the average salary for an Analyst in Canada is $69,530 per year. This figure varies according to experience, companies, and location.

Job description samples for similar positions

Other job description samples are available if this is not what you are looking for. Consider these job descriptions for related job titles:

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Analyst job description FAQs

Who does an Analyst report to?

Analysts may report to Senior Analysts, who review and approve their data reports before they’re presented to management. Senior Analysts also guide and advise Analysts on how to improve their work performance and assist them in interpreting complex data sets. Analysts also report to management teams to pitch new ideas for strategies and processes to improve the organization.

What is the difference between an Analyst and a Consultant?

While they both use research findings to enhance a business’ structure and performance, there are some key differences between the responsibilities of an Analyst and a Consultant. Analysts collect and interpret complex sets of data, report the results, and provide suggestions for improvement to leadership teams, who then implement these strategies if approved.

Consultants typically don’t collect their own statistics and instead review data gathered and interpreted by Analysts. They’ll use this to develop and implement their own solutions to improve the company.

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