This map, showing average base salaries across the United States in 2019. In 2019, the base salaries of operations research analysts were vastly different, depending on the state. 50th Percentile (Median Salary): $84,810.10th Percentile: $48,670 (starting salary estimate).There is a $92,120 difference between the 10th Percentile and the 90th Percentile. Here is how the 2019 base salaries break down by Percentile. If trends were to continue, by 2029, the average base salary would rise to $108,975. The estimated 2021 average base salary would be $94,275, using $1,837 as the average yearly income.
In 1999, the Bureau of Labor Statistics recorded $53,850 as the average base salary.īy 2019, the average base salary rose to $90,600.
The salaries do not include overtime, bonuses, benefits, signing bonuses, tips, or commissions. This data is from the Bureau of Labor Statistics. What is the average salary of an operations research analyst ?
Vacancies are advertised on TARGETjobs, by careers services, by jobs boards and via relevant professional bodies, such as The Operational Research Society, the Institute of Mathematics and its Applications, and the Institute of Management Services. The Civil Service and the Government Operational Research Service (GORS)Ĭommercial and industrial organisations, such as engineering firms, retailers and technology companies. Typical employers of operational researchersĬonsulting and professional services firms If you work for a consulting or professional services firm, you can expect to travel to client sites however, if you work for the public sector, there will be much less travel. Typical working hours vary according to the employer and sector you work in. Job titles related to operational research include ‘operations analyst’, ‘operations consultant’, ‘operations and strategy analyst’ and ‘data analyst’. Presenting results that can be easily understood Identifying and assessing possible strategies Using complex mathematical and statistical methods
For example, it has been used to help controlling air traffic, to predict when there will be an increased need for power supply from utility companies, to improve manufacturing processes and to model the behaviour of retail customers.Ī large amount of the work involves using mathematical and statistical models, computer software and data analysis – but operational researchers will also use qualitative methods of research, such as interviewing.ĭetermining and clarifying strategic and operational problems by consulting with appropriate employeesĬollecting, analysing and interpreting data It is essentially a form of problem-solving and can be applied to a wide range of business problems and planning. It was developed out of the management science theory work completed during the First and Second World Wars. Operations research can also be known as management science or, if applied to the engineering field, industrial engineering. Operational researchers examine the way an organisation operates, using mathematical and analytical techniques to help it to develop better business practices and systems. Operational research is used in government, commerce and industry.