Operations Analyst Salary
Operations Analysts in the United States take home an average $52K per year. In the world of Operations Analysts, overall income ranges from $36K near the bottom to $75K at the top; this can include more than $9K from bonuses and more than $6K from profit sharing in exceptional cases. Compensation for this group is mainly affected by the company, but the particular city and years of experience are influential factors as well. For the most part, Operations Analysts enjoy their work and report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men working as Operations Analysts who took the survey just slightly outnumber women at 57 percent. Respondents to the PayScale salary survey provided the data for this report.
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
Operations Analysts who transition into a VP of Operations role may receive large pay increases as the latter position pays an average $123K per year. Operations Analysts moving up in their careers tend to step into positions as Operations Managers or Senior Operations Analysts. The median paychecks in those roles are $7K higher and $17K higher, respectively.
Operations Analyst Job Listings
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Popular Employer Salaries for Operations Analyst
Well-known firms with a reputation for hiring numerous Operations Analysts include Bank of America Corp. (BOFA), The Goldman Sachs Group, Inc., J.P. Morgan Chase & Co. (JPMCC), Morgan Stanley, and Deutsche Bank. Capital One Financial Corp pays the most with a median salary of $69K, though there is little variation overall ($54K to $94K). Fidelity Investments, The Boeing Company, and Citibank are a few other companies that offer generous salaries, with Operations Analysts earning around $69K, $67K, or $61K at each firm, respectively.
Others at the bottom of the scale for this job include Deutsche Bank at $40K, Wells Fargo Home Mortgage at $43K, and Morgan Stanley, where $46K is the norm.
Popular Skills for Operations Analyst
Survey results imply that Operations Analysts deploy a deep pool 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 in pay of 7 percent. Skills that pay less than market rate include Customer Service, Research Analysis, and Problem Solving. Those educated in Data Analysis tend to be well versed in 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.
For many Operations Analysts, extensive experience does not lead to significantly more money. Workers in their first five years can expect to earn $51K, but people who have been around for five to 10 years earn a noticeably bigger sum of $56K. People with 10 to 20 years of experience make an average of about $61K in this role. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $65K.
Pay Difference by Location
For Operations Analysts, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Operations Analysts will also find cushy salaries in Washington (+18 percent), New York (+18 percent), Houston (+14 percent), and Boston (+8 percent). In Pittsburgh, salaries are 19 percent below the national average and represent the lowest-paying market.
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