Operations Research Analysts

General Information

Description

Formulate and apply mathematical modeling and other optimizing methods to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. May collect and analyze data and develop decision support software, service, or products. May develop and supply optimal time, cost, or logistics networks for program evaluation, review, or implementation.

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Management of Companies and Enterprises
  • Insurance Carriers
  • Management, Scientific, and Technical Consulting Services

Job Outlook

Employment of operations research analysts is projected to grow 27 percent from 2016 to 2026, much faster than the average for all occupations. As technology advances and companies seek efficiency and cost savings, demand for operations research analysis should continue to grow. In addition, increasing demand should occur for analysts in the field of analytics in order to improve business planning and decisionmaking. Technological advances have made it faster and easier for organizations to get data. In addition, improvements in analytical software have made operations research more affordable and more applicable to a wider range of areas. More companies are expected to employ operations research analysts to help them turn data into valuable information that managers can use in order to make better decisions in all aspects of their business. Operations research analysts manage and analyze these data to improve business operations, supply chains, pricing models, and marketing. For example, operations research analysts will be needed to help hospitals and physicians improve the delivery of healthcare. Operations research analysts will continue to be needed in order to provide support for the Armed Forces and assist in the development and implementation of policies and programs in other areas of government.

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Salary

Average Salary

Salary

$68,650

State-by-state Salary

Gray states indicate no data available

$112,020
$50,990
No Information for this section

Education

Most Common Education Levels

People in this career achieve this level of education.

  • Master's degree 70%
  • Bachelor's degree 30%
  • High school 0%
  • Some college 0%
  • Doctoral degree 0%
  • Associate's degree 0%
  • Post baccalaureate 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%
  • Post-secondary certificate 0%

Related College Majors

Select major to see colleges that offer it

Knowledge

  • Mathematics
  • Computers and Electronics
  • English Language
  • Engineering and Technology
  • Administration and Management

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership
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