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Research Analyst

Research analyst jobs in nagercoil - research point.

Research Point

Job Description

Job Summary

Mindworkz technologies. we are hiring a candidate for Research analyst / Content Writer Note : Required candidate only in kanyakumari district

Responsibilities and Duties

  • Work with internal teams to obtain an in-depth knowledge of services and documentation requirements
  • Quick idea generation, ability to come up with Ideas
  • Produce high-quality documentation that meets applicable standards and is appropriate for its intended audience
  • Write easy-to-understand user interfaces text, online help and developer guides

Qualifications and Skills

  • Excellent Communication Skills.
  • BE / ME - CSE/ECE/EEE/IT
  • 6 months to 3 Year of experience in related field. (Fresher with the above knowledge and wish to pursue career as trainer are welcome.)

Benefits Job Type: Full-time Salary: ₹100,000.00 to ₹250,000.00 /month

Job Particulars

About company.

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How to Become a Research Analyst: A 2024 Guide

Check out our helpful steps on how to get started in a research analyst career.

[Featured Image] A research analyst examines data for accuracy.

A research analyst assesses financial data to understand market trends, save money, and make predictions about company assets, investments, and financial stability. As well as being financials-based and requiring math skills, this role focuses on consumer psychology and customer behavior in general. 

In this article, you’ll learn more about the role of a research analyst, including duties and responsibilities, salary, and job outlook. With our steps below, you’ll learn how to become a research analyst and the various positions that may interest you.

What does a research analyst do?

As a research analyst, you are an expert in working with data, collecting, analyzing, and interpreting it in a way that adds value to the company or organization you work for. Your role is understanding and presenting the data to optimize business operations, which can include aiding financial processes, determining good investment opportunities, informing policy-making, finding ways to save money and improve processes, and assessing customer behavior.

Types of research analysts

Research analysts often work in the financial industry for banks, insurance companies, private equity, and asset management firms. However, you can also work in the finance departments for a range of industries, including health care, manufacturing, marketing, aviation, public policy, technology, government, and many more.

You may also choose to specialize in a particular type of research analytics. Consider the following types of research analysts and the roles you would play in these positions:

Financial research analyst: Perform financial forecasting by analyzing trends

Market research analyst: Optimize marketing efforts by analyzing customer data

Social science research analyst: Assist in social science lab work, surveys, and research

Operations research analyst: Help companies improve operational costs and efficiencies

Government research analyst: Analyze data to influence public policy

Economics research analyst: Inform economic decisions involving goods and services

Investment research analyst: Gather data to inform buying, selling, and merging decisions

Equity research analyst: Research for buy-side and sell-side securities industry firms

Duties and responsibilities of a research analyst

The duties and responsibilities of a research analyst vary according to the industry you work in, your title, and the company's objective. However, in general, a research analyst is responsible for the following:

Collecting, analyzing, and interpreting data to support company aims

Using statistical modeling to find patterns and trends 

Understanding and using data analytical tools and research software

Conducting analysis of historical data to highlight trends 

Presenting data and preparing reports that are accessible to all

Interpreting data in order to predict, forecast, and implement change

Making recommendations and developing strategies based on the data

Monitoring the progress of data-related strategies

How to become a research analyst

As a research analyst, you are highly skilled in math and statistics and have a good understanding of business and consumer behavior. This skill set comes with a range of education and experience, as well as an understanding of your industry. 

Follow our steps below to understand how you can become a research analyst. 

Step 1: Study for a degree.

A bachelor’s degree in a business-related subject, math, economics, or social science is typically the entry point to work as a research analyst, with some employers asking for a master’s degree. According to Zippia, 70 percent of research analysts have a bachelor’s degree, with a further 18 percent going on to study for a master’s degree [ 1 ]. The most popular majors are business, finance, economics, and political science [ 1 ]. 

Step 2: Gain experience.

Experience is important when applying for a role as a research analyst. You must prove you have analysis skills and a good understanding of business and finance. Depending on the industry you choose to work in, you might also benefit from experience in that field. For example, if you plan to work for a retail company, experience in customer service or as a retail assistant may also be beneficial.

If you can take an internship as part of your bachelor’s degree, it’s a great way of gaining relevant on-the-job experience. Other options include entry-level positions such as a research assistant or a position in finance.

Step 3: Earn a CFA certification.

As working as a research analyst is often a financial role, you may find it beneficial to earn a certification in finance, particularly if you are working within the financial industry. A popular step is earning a chartered financial analyst (CFA) certification. You’ll find this compulsory for some positions, and it can lead to higher salaries. Becoming a CFA charter holder requires passing three exams, having qualified work experience, supplying letters of recommendation, and becoming a member of the CFA Institute.

Research analyst skills

Working as a research analyst means mastering a range of both technical and workplace skills. Examples include the following:

Technical skills

Data analysis

Financial analysis

Financial modeling

Industry analysis

Math and statistics

Forecasting

Business acumen

Business productivity software

Data visualization

Consumer psychology

Workplace skills

Critical thinking

Problem-solving

Communication

Organization

Attention to detail

Working under pressure

Interpersonal skills

Research analyst salary and job outlook

Research analysts earn a good salary, which varies according to your industry and the type of analysis you do. According to Glassdoor, the average annual research analyst salary is $72,087 [ 2 ]. The US Bureau of Labor Statistics states that the average salary for a market research analyst specifically is $68,230, with a job outlook of 13 percent growth, which is much higher than average [ 3 ]. Additional average salaries based on specialization include the following:

Financial research analyst: $79,808

Market research analyst: $69,780

Social science research analyst: $79,171

Operations research analyst: $124,559 

Government research analyst: $100,202

Economics research analyst: $86,186

Investment research analyst: $87,069

Equity research analyst: $87,323

*All annual base salary data is sourced from Glassdoor as of March 2024.

Research analyst career path

You’ll find a number of possible career paths when becoming a research analyst. A popular starting point is with entry positions such as research assistant. As discussed, you can specialize and also pick an industry that suits your interests and experience. You may also move into positions such as senior research analyst or chartered financial analyst. The following represent possible career paths you might choose, but your options are numerable:

Research internship→Investment banking analyst→Research analyst→Credit analyst

Marketing research analyst→Loan servicing specialist→Research analyst→Marketing consultant

Risk management internship→Research coordinator→Research analyst→Data analyst→Product manager

Economic research assistant→Marketing research internship→Research analyst→Business analyst→Fund accountant

Investment banking internship→Operations research analyst→Research analyst→Investments manager

Getting started with Coursera

If you'd like to start your career as a research analyst, get started on your bachelor's degree by considering an online Bachelor of Science in General Business delivered by the University of North Texas on Coursera.

Article sources

Zippia. “ Best Colleges and Majors for Research Analysts , https://www.zippia.com/research-analyst-jobs/education/?src=chatbot_popout_displayed.” Accessed March 4, 2024.

Glassdoor. “ How Much Does a Research Analyst Make? , https://www.glassdoor.com/Salaries/research-analyst-salary-SRCH_KO0,16.htm.” Accessed March 4, 2024.

US Bureau of Labor Statistics. “ Occupational Outlook Handbook: Market Research Analysts , https://www.bls.gov/ooh/business-and-financial/market-research-analysts.htm.” Accessed March 4, 2024.

Keep reading

Coursera staff.

Editorial Team

Coursera’s editorial team is comprised of highly experienced professional editors, writers, and fact...

This content has been made available for informational purposes only. Learners are advised to conduct additional research to ensure that courses and other credentials pursued meet their personal, professional, and financial goals.

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