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Career Definition of an Analytics Manager
Analytics managers take a leadership role in data or statistical analysis. Although technical data analysis skills may be required for some positions, the primary focus is on providing direction for their team. They need to understand the business objectives of their company. They then determine how analytics can be used to help their company achieve specific goals. Once they have a clearly defined purpose for the data, these managers can ensure that they have the right staff with the right credentials. They assign tasks to data analysts, predictive analytics professionals and others who are part of their team.
Their duties can also involve teaching data analysts and others about analytics. They may have a direct role in creating data infrastructure for their company or collaborating with those responsible for the data infrastructure. Their involvement with data infrastructure ensures that they can generate the kind of data needed for analytics to be effective. They use such data to produce usable information that they present in reports. This information is used to inform business decisions. Managers also promote an analytics culture and work to inform others of how analytics can be used to help the business so that different departments are supportive.
|Educational Requirements||Bachelor's degree|
|Job Skills||Computer skills, analytical skills, leadership skills, supervisory skills, attention to detail, business skills, teaching skills, teamwork skills, problem-solving skills, organizational skills, communication skills, math skills|
|Median Salary (2018)*||$93,046|
|Job Outlook (2016-2026)**||8% (managers, all other); 27% (all operations research analysts)|
Sources: *PayScale.com; **U.S. Bureau of Labor Statistics
Analytics managers typically prepare for their career by studying computer science or other disciplines that will develop relevant skills, such as statistics or mathematics. Earning a bachelor's degree in data management is also an option. Employers will expect analytics managers to have at least a bachelor's degree and some positions may require a master's degree. Training in specific computer program skills, such as Adobe or statistical analysis software, may also be required, and expert knowledge of Excel is crucial for this career.
Analytics managers must have strong business skills to understand how to turn data into usable information that can benefit their company. They need analytical skills to evaluate data and they also need to pay attention to details to ensure data is accurate. They must have problem-solving skills to develop effective business recommendations based on their assessment of the data their team produces. Analytics managers need leadership and organizational skills to delegate tasks and ensure work is completed on schedule. The ability to teach others is important since they need to ensure their staff has a clear understanding of the type of information being sought and how that information will be used.
Career Outlook and Salary
Analytics managers took home a median salary of $93,046 as of 2018. This annual salary was reported by PayScale.com. The U.S. Bureau of Labor Statistics (BLS)estimates that over a period of ten years starting in 2016, those in the 'managers, all other' general category will see job growth of 8%. This is slightly faster than the average rate of job growth the BLS expects for all occupations during this time period, which is predicted to be 7%. The broad occupational category of operations research analysts, which may include analytics managers, is expected to grow 27% in 2016-2026, according to the BLS.
Since analytics managers work with data analysts and use statistics and mathematical skills, they may start out in by gaining experience as a data analyst or they could develop their skills by working as a statistician or mathematician. Learn more about these comparable career fields through the links listed here.