Operations Research Analysts: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

Job description

Operations Research Analysts 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.

  • 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.
Read more about what does an Operations Research Analyst really do at work and what is it like being and working as one.



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Salary

Average salary
$88350 per year

Average hourly wage
$42 per hour


Operations Research Analysts with little to no experience tend to make between $46810 and $61280 while the more experienced ones can earn over $109670 per year.

Top 5 paying statesHourlyAnnual
DC$53$109,400
NJ$51$106,820
VA$50$104,980
NY$49$102,560
HI$49$102,270

One of the easiest ways to increase your salary as an Operations Research Analyst is to move to a higher paying state like DC. Right now, the highest paying states for Operations Research Analysts are DC, NJ, VA, NY and HI.

However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.

Three other factors that can increase your salary as an Operations Research Analyst is the degree you hold, the industry you work in, and lastly the company you work for.


Requirements

Recommended degree level
Master’s Degree

We asked other Operations Research Analysts what degree they had when they got the job and most of them said they had a Master’s Degree followed by a Bachelor’s Degree.

Other than that, we also asked them what did they major in and here are the most popular majors that came up.

Operations Research
Management Science
Read more about how to become an Operations Research Analyst and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being an Operations Research Analyst.

PROS
Suitable for people who likes to solve problems mentally
Suitable for people who values achievements and are results-oriented
This career is perfect for people who love to work indoors.
Very high salary (top 25% highest paid careers)
CONS
Not suitable for people who likes to help and teach others
It is very hard to get into this career. Extensive skill, knowledge, and experience is required for this career.
Long working hours (More than 40 hours per week)

What is the job like

Job satisfaction
67%

Is this job meaningful
36%


67% of Operations Research Analysts said they were satisfied with their job and 36% said they feel like their job is making other people’s lives better.


Is this right for me

Best personality for this career
The Thinkers and The Organizers

You can read more about these career personality types here.

People who are suitable for this job tends to like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally..

They also like following set procedures and routines. They like working with data and details more than with ideas.




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Related career information

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