Research Careers : Careers in Research
Responsibilities of Research Analyst: The duties or responsibilities of research analyst change according to organization and management of the firm. In some firms, work of research analyst is centralized while in some it is distributed in each department. Research analysts work in association with senior management to tackle various problems Research analyst first discuss problem with managers. After discussion, analysts define the problem. Then research analysts examine the problem, split it into its parts. Information is gathered from various sources. With the available information, analysts determine best possible technique to tackle the problem. There are many methods to tackle the problem including linear and nonlinear programming, Monte Carlo simulation, queuing and other stochastic-process models, data envelopment analysis, Markov decision processes, dynamic programming, econometric methods, neural networks, expert systems, decision analysis, and the analytic hierarchy process. Nearly all of these techniques involve the construction of a mathematical model that attempts to describe the system being studied. So, the problem of the windshields, for example, would be described as a set of equations that try to model real-world conditions. The use of models enables the analyst to explicitly describe the different components and clarify the relationships among them. The descriptions can be altered to examine what may happen to the system under different circumstances. In most cases, a computer program is developed to numerically evaluate the model. Eligibility and Qualification for Research Career: In research career, it is expected that candidates should have completed his masters' degree operations research or related fields such as business, engineering, computer science, mathematics, management and information systems. Chances of employment will increase if candidates possess bachelor's degree in computer science or a quantitative discipline such as mathematics, economics, or statistics. Dual bachelor degrees in operations research and computer science are appreciated by In the United States, there are many colleges and universities which offers than 130 programs in operations research and related studies. In research career, it is important to continue education. Job Prospects in Research Career : Opprtunities in Research Field Candidates having bachelors degree in operations research or related fields have various opportunities as research analyst. As a research analyst, one should have good knowledge of mathematics and computer along with problem solving skills. They can work as operations computer scientist, systems analyst, research analyst or management analyst. Candidate who is updated with latest technological development and software have the best opportunities in the research field. In almost every company, there is need for research analyst. Scientific, managements and technical consulting companies offer good job opportunities for research analyst alsong with business and government agencies. Remuneration in Research Careers: Average salary for a research analyst is $65,750 per annum. However, annual salary for research analyst ranges between $49,730 and $86,960. While average annual salary for research analyst working in scientific, management and technical consulting services is $71,570.Average salary of research analysts working in the Federal Government for non supervisory, supervisory, and managerial positions is $92,207 per annum.
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