Operations Analyst Salary
Median pay for Operations Analysts in the United States is around $53K per year. In the world of Operations Analysts, total cash compensation can vary between $36K and $75K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $9K and $6K, respectively. The most important factor affecting compensation for this group is the specific employer, followed by the particular city and experience level. Men working as Operations Analysts who took the survey just slightly outnumber women at 54 percent. Work is enjoyable for Operations Analysts, who typically claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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 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
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Operations Analysts may progress into high-paying roles like VP of Operations, where median compensation is $124K annually. 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 $6K higher and $16K higher, respectively.
Operations Analyst Job Listings
Popular Employer Salaries for Operations Analyst
Bank of America Corp. (BOFA), The Goldman Sachs Group, Inc., J.P. Morgan Chase & Co. (JPMCC), Morgan Stanley, and Deutsche Bank are top-notch employers for Operations Analysts in this area. Although salaries only range from $54K to just $94K, Capital One Financial Corp still offers the highest pay with a median paycheck of $69K. Other big spenders include Fidelity Investments, The Boeing Company, and Citibank, top-paying firms where Operations Analysts see paychecks nearing $69K, $67K, or $61K.
Employees at Deutsche Bank, Wells Fargo Home Mortgage, and Morgan Stanley can also expect below-average earnings of $40K, $43K, and $46K.
Popular Skills for Operations Analyst
Survey results imply that Operations Analysts deploy a substantial tool kit of skills at work. Most notably, skills in SQL, Project Management, Business Analysis, and Operations Management are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Skills that pay less than market rate include Data Entry, Customer Service, and Research Analysis. Those proficient in Data Analysis are, more often than not, also skilled in Process Improvement and Business Analysis.
Pay by Experience Level for Operations Analyst
Pay by Experience for an Operations Analyst has a positive trend. An entry-level Operations Analyst with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 1,898 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Operations Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $57,000 based on 513 salaries. An experienced Operations Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 256 salaries. An Operations Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 71 salaries.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Operations Analysts, 20 percent above the national average. Operations Analysts will also find cushy salaries in New York (+16 percent), Washington (+14 percent), Houston (+12 percent), and Philadelphia (+10 percent). The lowest-paying market is Pittsburgh, which sits 20 percent below the national average. On the whole, employers pay 2 percent below the median salary for those in this field in Denver and Atlanta.
Operations Analyst Reviews
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Key Stats for Operations Analyst
Gender
|
Female
46 % |
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Male
54 % |
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Job Satisfaction
| Highly satisfied |
Rated 4 out of 5 based on 446 votes. |
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