Operations Analyst Salary
The Boeing Company is a desirable employer for Operations Analysts where the median salary comes in around $81K, beating the field's national median of $52K per year. Those in search of high salaries should also consider Capital One Financial Corp, Fidelity Investments, and Citibank, top-paying firms where Operations Analysts rake in a $69K, $66K, or $61K, respectively. The data for this synopsis comes from respondents who took the PayScale salary survey.
Job Description for Operations Analyst
An operations analyst typically performs duties related to the development and implementation of business practices that ensure optimal performance. The specific duties of an operations analyst can be as varied as the business world itself, but generally an operations analyst is tasked with evaluating and updating procedures, practices, and operations. Operations analysts are often involved with the design, implementation, and improvement of new and existing product lines.Read More...
Operations analysts can work independently but also as part of teams. An operations analyst may report to senior or mid-level management, sales teams, production teams, or other individuals or departments as required. Sometimes operations analyst, especially those with extensive experience, may have subordinates that report to them.
At the core of the operations analyst's duties is the ability to identify structural, technical, and procedural shortcomings and suggest and implement improvements. To do this, an operations analyst must be aware of dynamic market needs, have a background in commerce or production, and posses a set of business skills from which to make decisions and provide useful recommendations.
Operations Analyst Tasks
- Analyze data for anomalies, trends and opportunities for improvement.
- Complete impact analyses for all operations improvements.
- Drive systems development and process improvements.
- Participate in efforts to improve capabilities, process improvement and technology projects.
Common Career Paths for Operations Analyst
As Operations Analysts transition into upper-level roles such as VP of Operations, they may see a strong upturn in salary. VPs of Operations earn $123K on average per year. Career advancement for the typical Operations Analyst often leads to becoming an Operations Manager or a Senior Operations Analyst; median salaries in these positions are $7K higher and $17K higher, respectively.
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Popular Skills for Operations Analyst
Operations Analysts report using a large range of skills on the job. Most notably, skills in SQL, Project Management, Business Analysis, and Financial Analysis are correlated to pay that is above average, with boosts of 7 percent, 6 percent, 5 percent, and 5 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Customer Service, Research Analysis, and Problem Solving. The majority of those who know Data Analysis also know Process Improvement and Business Analysis.
Pay by Experience Level for Operations Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
More years of relevant experience do not necessarily translate to higher paychecks. Although individuals who have less than five years' experience earn $51K on average, people with five to 10 years benefit from a notably larger average of $56K. After working for 10 to 20 years, Operations Analysts make a median salary of $61K. Operations Analysts who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $65K on average.
Pay Difference by Location
Home to some of the best pay for Operations Analysts, San Francisco offers exceptional salaries, 22 percent above the national average. Operations Analysts will also find cushy salaries in Jersey City (+20 percent), New York (+18 percent), Washington (+17 percent), and Houston (+16 percent). Denver ranks last in the field for pay, reporting salaries 2 percent below the national average. Employers pay around 2 percent less in Salt Lake City and 1 percent less in Charlotte, below-median salaries for those in this field.
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