1. Job Opportunities
Either you are looking to start your career or move on from your existing position there are tons of data analytics jobs available in the market. Today, almost all companies in all industries need to have Analytics in place due to the vast data we generate and collect. The job market for Data Analyst / Scientist is growing rapidly.
According to a study by IBM, the number of US data professionals will increase by 364,000 openings to 2,720,000. The following pictures highlights the findings of IBM’s study about data analysts / scientists:
LinkedIn has ranked Data Science/Analyst in the 9th most promising job of the future with an impressive 45% increase YoY in Job openings & also an amazing careers advancement score of 8/10.
Some other supporting evidence is a study done by “Future of Jobs”, that highlights the technologies / functions that all industries/companies are likely to adopt by 2020.
2. It’s not a Routine Job
Do you often hear people complain about doing the same thing all day long at work? That they get bored at work? Well, working as a data analyst is not going to be like that; at least after your first few months at work. The reality is that as soon as you start working as an analyst, you will spend some time learning the standard reports which can be considered routine. However, you will also be learning new things all the time like:
• How to use Excel, SQL, Visualisation tools (Power BI, Tableau, Qlik Sense)
• How to create Dashboards
• How to write insights and get a story out of your data
After a few months at work, you will start attending meetings with clients/colleagues and discussing about new ideas / projects. You will also have to communicate your results with them. After a few years you will start picking up python & R and start running / being involved in machine learning projects. Not to mention that all these projects you will be involved can be within different industries (consumer electronics, tech, retail, etc) and different departments (analytics, operations, sales, marketing, etc).
3. It’s Exciting, Mysterious and Fascinating
Imagine working in a place where you constantly learn new things. Where you constantly have to stress your mind to solve problems Vs being bored at your desk. Working as a data analyst could satisfy those statements to a high degree. As a data analyst you won’t just be learning new skills (Excel, SQL, Viz, Python, etc), you will also be learning about how businesses work in general, how the marketing department works, how operations, retail & other departments work and generally you will be getting greater visibility in all aspects of the business. Isn’t this Exciting?
Additionally, your work will be discovering new things (insights) from the data. You don’t know what you don’t know in this case so you will need to act like a detective sometimes to get those insights which makes your job mysterious.
Now the reason it’s fascinating it’s because of the rapid growth of data analytics in general. As data grows larger, we come up with new ways of doing things; smarter ways which makes this field so fascinating.
4. It pays well
According to glassdoor, the average graduate Data Analyst salary is £30,154 with the lows being around £21,000 and the highs £42,000. In the US, the average graduate salary is $65,000 with the lows being on $45,000 and the highs $70,000. Those salaries are amazing for graduates looking to start their carrier. Some people in other industries must work for several years until they reach those salaries. Not to mention that with 2-3 years’ experience, you can quickly jump +10k on your starting salary just because companies are willing to pay more skilful data people.
According to a study done by Adzuna, the average data analyst salary has gone up by 3% YoY and the average data analyst salary is 18% above the average salary for all jobs in London. This study has the average data analyst salary at £42k but it includes both graduate / non graduate jobs.
Another positive here is that you can advance your career in Data Science (like I did) after a few years and increase your salary even more. According to Indeed, the average Data Scientist salary in the UK is £53,480 and $117,345. I’ve noticed that there is a significant gab between US & UK in data science jobs, but I assume is due to living costs and tax
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