The demand for skilled professionals who can transform raw data into valuable insights has never been higher. Pursuing a degree in analytics opens doors to many lucrative and rewarding career opportunities. Whether you have a passion for dissecting data, a knack for spotting trends, or a fascination with mathematical models, the field of analytics offers a spectrum of roles that satisfy your intellectual curiosity and fatten your paycheck.
From unraveling the mysteries hidden in vast datasets to architecting the infrastructure that houses the digital goldmine, a degree in analytics empowers you to explore intellectually stimulating and financially rewarding roles. In this article, we’ll delve into the world of analytics and unveil the highest-paying jobs you can aspire to secure after earning your analytical credentials.
This post explores the highest-paying jobs you can get after pursuing a degree in Analytics. The high salaries for these jobs are due to the high demand for these skills and the relatively low supply of qualified candidates. In addition to the high salaries, these jobs also offer good job prospects and benefits.
1. Data Scientist
Data scientists use their statistics, mathematics, and programming knowledge to extract data insights. They work with a variety of data sources, including structured data (such as customer records and financial transactions), unstructured data (such as social media posts and customer reviews), and streaming data (such as sensor data and clickstream data).
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $108,370
Average Salary (Indeed): $129,000
Average Salary (Glassdoor): $111,000
2. Machine Learning Engineer
Machine learning engineers (MLEs) build, deploy, and maintain machine learning (ML) models. They work with data scientists to understand the business problem that the ML model is trying to solve, and then they design and implement the ML model. Once the model is implemented, MLEs monitor its performance and adjust as needed.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $110,140
Average Salary (Indeed): $132,000
Average Salary (Glassdoor): $110,000
3. Business Intelligence Analyst
Business intelligence (BI) analysts collect, analyze, and interpret data to help businesses make better decisions. They use a variety of data sources, including sales data, customer data, and financial data, to identify trends and patterns. They then communicate their findings to business stakeholders clearly and concisely.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $93,010
Average Salary (Indeed): $89,000
Average Salary (Glassdoor): $92,000
4. Data Architect
Data architects design and build data management systems that organizations use to store, manage, and access their data. They work with various data technologies, including databases, warehouses, and lakes. Data architects also develop and implement governance policies and procedures to ensure data is secure and compliant with regulations.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $109,260
Average Salary (Indeed): $115,000
Average Salary (Glassdoor): $109,000
5. Data Engineer
Data engineers build and maintain the infrastructure that powers data pipelines and warehouses. They use various tools and technologies to collect, clean, transform, and store data. Data engineers also work with data scientists and other professionals to ensure data is accessible and usable for analysis.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $106,330
Average Salary (Indeed): $111,000
Average Salary (Glassdoor): $106,000
6. Marketing Analyst
Marketing analysts use data to understand consumer behavior and develop and evaluate marketing campaigns. They typically work for advertising agencies, marketing research firms, or in-house marketing departments at companies. According to the U.S. Bureau of Labor Statistics, the median annual salary for marketing analysts was $70,530 in 2021.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $70,530
Average Salary (Indeed): $89,000
Average Salary (Glassdoor): $92,000
7. Financial Analyst
Financial analysts use data to evaluate financial performance and make investment recommendations. They typically work for investment banks, commercial banks, or other financial institutions. According to the U.S. Bureau of Labor Statistics, the median annual salary for financial analysts was $85,660 in 2021.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $85,660
Average Salary (Indeed): $95,000
Average Salary (Glassdoor): $100,000
8. Operations Research Analyst
Operations research analysts use data to develop and implement mathematical models to solve complex business problems. They typically work for consulting firms, research and development departments, or government agencies. According to the U.S. Bureau of Labor Statistics, the median annual salary for operations research analysts was $84,280 in 2021.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $84,280
Average Salary (Indeed): $93,000
Average Salary (Glassdoor): $99,000
9. Quantitative Analyst
Quantitative analysts use data to develop and implement financial models to assess risk and make investment decisions. They typically work for hedge funds, investment banks, or commercial banks. According to the U.S. Bureau of Labor Statistics, the median annual salary for quantitative analysts was $114,700 in 2021.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $114,700
Average Salary (Indeed): $132,000
Average Salary (Glassdoor): $110,000
10. Risk Analyst
Risk analysts assess and manage risk for companies and organizations. They typically work for insurance companies, financial institutions, or consulting firms. According to the U.S. Bureau of Labor Statistics, the median annual salary for risk analysts was $94,600 in 2021.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $94,600
Average Salary (Indeed): $105,000
Average Salary (Glassdoor): $104,000
11. Market Research Analyst
Analysts collect and analyze data to understand consumer behavior and market trends. They typically work for marketing research firms, consulting firms, or in-house market research departments at companies. According to the U.S. Bureau of Labor Statistics, the median annual salary for market research analysts was $69,730 in 2021.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $69,730
Average Salary (Indeed): $86,000
Average Salary (Glassdoor): $102,000
12. Management Consultant
Management consultants help companies improve their performance and efficiency. They typically work for consulting firms with various clients in different industries. According to the U.S. Bureau of Labor Statistics, the median annual salary for management consultants was $94,600 in 2021.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $94,600
Average Salary (Indeed): $100,000
Average Salary (Glassdoor): $101,000
13. Data Warehouse Architect
Data warehouse architects design and build data warehouses to store and manage large amounts of data. They typically work for consulting firms, technology companies, or in-house IT departments at companies. According to the U.S. Bureau of Labor Statistics, the median annual salary for database administrators was $95,640 in 2021.
Median Annual Salary (U.S. Bureau of Labor Statistics, 2021): $95,640
Average Salary (Indeed): $105,000
Average Salary (Glassdoor): $104,000
