What do data analysts do on a day-to-day basis?
A data analyst reviews data to identify key insights into a business’s customers and ways the data can be used to solve problems. They also communicate this information to company leadership and other stakeholders.
Ok, but what kind of skills do I need?
The good news is, you don’t need any prior work experience, and anyone with an open mind and a strong curiosity to solve problems can (in theory) be a data analyst. If you are keen to join the industry, you’re probably interested to know what qualifications you need to get hired.According to McKenzie, successful data analysts have strong mathematical and statistical skills, as well as:
- Analytical skills to gather, view and analyze information
- Numerical skills to measure and statistically analyze data
- Technical skills including software and scripting languages to organize and present data
McKenzie said that data analysts also require a strong foundation of business knowledge and professional skills, from decision-making and problem solving to communication and time management. In addition, attention to detail is one of the essential data analyst skills as it ensures that data is analyzed efficiently and effectively while minimizing errors
On the other hand, this does not mean that there are no hard skills required for the job
For example, you need to be proficient in excel, Microsoft power BI and Tableau. It also helps to have an analytical mind, and to have strong communication skills, given that data analysts must be able to clearly convey their findings to business executives and other stakeholders.
Hmm. How feasible is it for someone to jump from a completely different field?
According to Chew, this isn’t as hard as people may imagine. He said that he doesn’t view data analytics as a field of its own, given that it requires a certain context to be useful. This means that a restaurateur, digital marketer or cybersecurity specialist can all become data analysts, provided they have the right skillset.
Chew also said that the economy will only become more dynamic in the future, and people may require more skills in order to remain competitive.
For example, a reporter could very well end up as a data analyst, using his experience in crafting narratives to make his analysis of data more understandable to stakeholders.
“Past and present skill sets should not be seen as mutually exclusive, but rather, as stackable components to help make the individual more employable”, he said.
How much can I expect to be paid?
While the technical skills needed to be a data analyst may seem daunting, the good news is that your remuneration will be quite solid. Fresh graduates in the field can expect up to S$4,000 monthly, according to Chew, and those with 10 years of experience can expect up to $10,000 a month.
If you’re unhappy with your current job, perhaps this is a good field for you to jump to.
Why are there so many jobs available?
You may be wondering: if the pay is attractive, then why are there so many job openings for data analysts? Our MSc Data Analytics programme will equip you to work in some of the fastest-growing sectors of data science and big data industries. A wide range of career opportunities will be open to you. Possible future career options include that of