Data analytics is one of the fastest-growing industries in America, and senior data analysts are in high demand.
Here are some reasons why:
Senior Data Analysts Are in a Boom Industry
The US Bureau of Labor Statistics predicts that the demand for data analytics jobs will grow by 23% between 2021 and 2031, much faster than the average of 5% for all other industries.
The last few years, especially since the pandemic, have given way to an astronomical rise in how data is collected and interpreted for business. The technology boom of the last 20 years has generated more information than organizations know what to do with, and they need people to analyze the data and put it to use to make solid business decisions.
Shortage of Skilled Analysts
While the need for data experts is growing at an exponential rate, industry experts are concerned that there aren’t enough people to fill these in-demand roles. Finding qualified, skilled data talent is one of the challenges organizations encounter when processing, managing, storing, and accessing data. Companies are crying out for data analysts, and the supply leaves something to be desired.
High salaries and Getting Higher
Even entry-level positions in data analytics are richly compensated as digital-age businesses seek to leverage consumer data to drive strategy, make investment decisions, assess risks, and predict market changes. Naturally, the higher the job demands and the candidate’s level of expertise, the bigger the salaries.
Senior data analysts are well-compensated, with salaries ranging from around $100,000 to over $300,000 per year. The salaries are higher for those with more experience and those working in industries such as Information Technology, Real Estate, and HR.
Varied Background Makes You More Desirable
Employers are increasingly looking for t-shaped data analysts who may have started their careers in a different domain entirely. Data analysts with more advanced skills may design and maintain data collection and data management infrastructure, develop systems for collecting and processing data, clean up messy historical data, generate custom analytic dashboards for non-technical colleagues, and organize unstructured information into large datasets.
Data Analyst is a Future-Proof Job
Data analysts and data scientists are the jobs of the future.
Senior data analyst is one of the fastest-growing jobs in America due to high demand, shortage of skilled analysts, high salaries, the need for t-shaped data analysts, and being a future-proof job.
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