Modeling Analyst Salary
A Modeling Analyst earns an average salary of $71,816 per year. People in this job generally don't have more than 20 years' experience. A skill in Statistical Analysis is associated with high pay for this job.
Job Description for Modeling Analyst
Modeling analysts typically hold a full-time, entry-level position within modeling firms and work primarily in an office setting. Overtime may be necessary to ensure that models are accurate and created properly, and security clearance may be required for this position depending on the employer.Read More...
A bachelor's degree in engineering, mathematics, science, or a related field is generally required for this position, and work experience in the form of an internship or portfolio is often preferred by employers. Modeling analysts must have extensive knowledge of quantitative analysis and work in a variety of industries, including finance, defense, data security, and content planning.
Modeling analysts are tasked with creating models for necessary research, and they may provide input regarding these models and evidence to support it. Experience with online modeling programs is necessary for this position, and they must always stay up-to-date with new equipment and programs. Modeling analysts may work with other analysts on projects, so communication skills are highly beneficial for sharing information about tests and procedures, and some may also provide feedback on the work of assistants. Communication with supervisors is necessary on a regular basis to ensure that all decisions are made in a timely manner, and non-disclosure forms may also be necessary due to the sensitive nature of the work.
Modeling Analyst Tasks
- Operate, provide instruction, and maintain various simulation model training modules.
- Collect, assemble and analyze inputs from simulation exercises.
- Test, maintain, and modify simulation databases.
- Setup, troubleshoot, and analyze modeling and simulation software.