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2021 Operations Research Analysts Salary Guide

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

Operations Research Analysts Salary

Salary

$84.8K

Growth

25%

Bright Outlook

Bright

Green

No

Operations Research Analysts Job Description

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

Also known as:

Advanced Analytics Associate, Analytical Strategist, Decision Analyst, Operations Research Analyst, Optimization Analyst

How Much Do Operations Research Analysts Make ? 2021

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $48,670 $62,780 $84,810 $112,680 $140,790
Hourly Wage $23.40 $30.18 $40.78 $54.17 $67.69

How Much Do Operations Research Analysts Make ? 2021

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$48,670
$62,780
$84,810
$112,680
$140,790
Hourly Wage
$23.40
$30.18
$40.78
$54.17
$67.69

Operations Research Analysts Tasks

  • Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters.
  • Perform validation and testing of models to ensure adequacy and reformulate models as necessary.
  • Collaborate with senior managers and decision makers to identify and solve a variety of problems and to clarify management objectives.
  • Present the results of mathematical modeling and data analysis to management or other end users.
  • Collaborate with others in the organization to ensure successful implementation of chosen problem solutions.
  • Analyze information obtained from management to conceptualize and define operational problems.
  • Study and analyze information about alternative courses of action to determine which plan will offer the best outcomes.
  • Define data requirements and gather and validate information, applying judgment and statistical tests.
  • Define data requirements and gather and validate information, applying judgment and statistical tests.
  • Define data requirements and gather and validate information, applying judgment and statistical tests.
  • Prepare management reports defining and evaluating problems and recommending solutions.
  • Observe the current system in operation and gather and analyze information about each of the parts of component problems, using a variety of sources.
  • Observe the current system in operation and gather and analyze information about each of the parts of component problems, using a variety of sources.
  • Break systems into their components, assign numerical values to each component, and examine the mathematical relationships between them.
  • Break systems into their components, assign numerical values to each component, and examine the mathematical relationships between them.
  • Design, conduct, and evaluate experimental operational models in cases where models cannot be developed from existing data.
  • Educate staff in the use of mathematical models.
  • Specify manipulative or computational methods to be applied to models.
  • Develop and apply time and cost networks to plan, control, and review large projects.
  • Develop and apply time and cost networks to plan, control, and review large projects.
  • Develop business methods and procedures, including accounting systems, file systems, office systems, logistics systems, and production schedules.

What Activities Do Operations Research Analysts Do?

  • Develop scientific or mathematical models.
  • Develop scientific or mathematical models.
  • Collaborate with others to resolve information technology issues.
  • Present research results to others.
  • Collaborate with others to resolve information technology issues.
  • Analyze data to identify or resolve operational problems.
  • Analyze project data to determine specifications or requirements.
  • Evaluate data quality.
  • Apply mathematical principles or statistical approaches to solve problems in scientific or applied fields.
  • Determine appropriate methods for data analysis.
  • Document operational activities.
  • Troubleshoot issues with computer applications or systems.
  • Conduct research to gain information about products or processes.
  • Apply mathematical principles or statistical approaches to solve problems in scientific or applied fields.
  • Analyze data to identify trends or relationships among variables.
  • Design computer modeling or simulation programs.
  • Train others on work processes.
  • Determine appropriate methods for data analysis.
  • Manage budgets for appropriate resource allocation.
  • Develop detailed project plans.
  • Apply information technology to solve business or other applied problems.

Typical Operations Research Analysts Knowledge?

  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

What Are Typical Operations Research Analysts Abilities?

  • Mathematical Reasoning - Choosing the right type of math to solve a problem.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Number Facility - Adding, subtracting, multiplying, or dividing.
  • Written Comprehension - Reading and understanding what is written.
  • Deductive Reasoning - Using rules to solve problems.
  • Oral Expression - Communicating by speaking.
  • Written Expression - Communicating by writing.
  • Oral Comprehension - Listening and understanding what people say.
  • Information Ordering - Ordering or arranging things.
  • Fluency of Ideas - Coming up with lots of ideas.
  • Near Vision - Seeing details up close.
  • Originality - Creating new and original ideas.
  • Problem Sensitivity - Noticing when problems happen.
  • Category Flexibility - Grouping things in different ways.
  • Speech Clarity - Speaking clearly.

What Are Typical Operations Research Analysts Skills? 2021

  • Mathematics - Using math to solve problems.
  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Systems Evaluation - Measuring how well a system is working and how to improve it.
  • Writing - Writing things for co-workers or customers.
  • Reading Comprehension - Reading work-related information.
  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Active Learning - Figuring out how to use new ideas or things.
  • Speaking - Talking to others.
  • Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
  • Operations Analysis - Figuring out what a product or service needs to be able to do.

What Are Typical Operations Research Analysts Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Investigative - Occupations with Investigative interests frequently involve working with ideas, and require an extensive amount of thinking. They often involve research and figuring out problems mentally.

What Is The Projected Employment For Operations Research Analysts ? 2021

Location 2019 Employment 2029 Employment Percent change Annual projected job openings
United States 105,100 131,300 25% 9,600

What Is The Projected Employment For Operations Research Analysts ? 2021

Location
2019 Employment
2029 Employment
Percent change
Annual projected job openings
United States
105,100
131,300
25%
9,600

What Is The Required Operations Research Analysts Education & Experience? 2021

  • Bachelor's degree
  • No work experience
  • No on-the-job training

Operations Research Analysts Jobs Near Me .

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Operations Research Analysts Jobs Near Me .

Operations Research Analysts 2021 Salary Guide By State

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