As a research analyst you will be researching, analyzing, interpreting and presenting data related to economics, markets, operations, finance/accounting and other departments related to the field you work in.
Research analysts collect, examine and analyse data, such as financial information, performance trends, economic trends and news, political climate, industry changes, or specific business developments and organise their analysis into a research report.
Finding out about developments and trends from the sector, government and academia by reading articles and examining online discussion forums, industry and government websites.
Meeting with supervisors and fellow analysts, to exchange notes and ideas
Carrying out quantitative analysis which includes statistical modelling, extrapolation of graphs and regression models
Designing questionnaire for interviews
Conducting qualitative analysis through informant interviews, focus groups, and expert panels
Communicating with stakeholders
Consulting with subject matter experts and industry leaders
Analysing trends and designing plans for optimization
Creating charts, graphs, and presentations of the data analysis
Presenting the analysis, interpretations and recommendations in a report
Studying Commerce or Science stream with maths at the +2 level would be the prerequisite for a career in research analysis
The common courses offered at the UG level in this area is BSc in Mathematics or Statistics which is of 3 years duration.
After completing the UG you can go for Masters in Math/ Statistics which is of 2 years. There is no rigid academic path for becoming a Research analyst. If you have the basics in Mathematics Computer programming and interest in research, there are various courses available online for becoming a research analyst.
Post graduate diploma in business analytics(PGDBA) which can be taken up after a bachelor’s degree in any discipline and other certificate programs are available.
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Requirements for admission into a PG course in one of the top institutions to help you get an overall picture
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Research analysts must possess good communication skills as they are required to present their findings to a group of colleagues or the management and have to convey matters effectively.
Research analysts will use their excellent analyzing skills to notice patterns within the data which reveals clues as to what the data can tell them, as well as what is useful for the purpose and what to pass up.
Depending on the area of research and population, a research analyst may be working directly with people or analyzing their actions or beliefs. In order to accurately analyse the data from these surveys keen observation skills are highly required.
They also need to write out clear and concise reports to explain and summarize their data and conclusions. Thus good writing skills are highly required.
Research analysts will be expected to produce professional quality reports, complete with charts, graphs and diagrams that illustrate points clearly. They need to be familiar with basic Microsoft Office Suite, Excel and Powerpoint as well as map creation software, financial analysis software and desktop publishing etc
Research analysts will work with large quantities of data, so they need to have a high degree of comfort with Math and Statistics. They also need to be comfortable performing calculations such as percentages and ratios, and to understand what they mean in your research.
Insurance companies
Banks
Governments
Health Care providers
Pharmaceutical companies
Marketing agencies
Manufacturing companies
IMRB
JP Morgan
Credit Suisse
Barclays capital
Amazon
Wipro
Clarivate solutions
Dialogue india
