What are data analytics?
Data analytics are an essential component of numerous industries. Data analytics includes collecting, reviewing, organizing, and interpreting data sets. Analysts collect various data sets through multiple methods and display the data within spreadsheets, databases, or software. Analyzing data can help determine the best business plans and strategies for companies to ensure the highest profitable outcomes. Creating reports, usually with visuals, can help companies with making decisions, completing risk assessments, and which areas and demographics to target with their marketing strategies. Additionally, data does not always just include numbers, but also the identification of social trends, patterns, or outlying information. Data analysis is relevant to a wide range of industries, including healthcare, social media, manufacturing, real estate, insurance, and much more.
How profitable is a career in data analytics?
Since data analytics is a critical component of many industries, there will always be a demand for this role. The average annual salary for a data analyst in the United States is over $76,000. Additional studies show a grand increase in salary earnings per year as employment experience grows. Data analysts can bring in an annual income of over $100,000 depending on their years of experience and the company they work for.
Some positions commonly recruited by companies across job search boards in data analysis include but are not limited to:
-Data Analyst for Structured and Unstructured Data
-Director of Data Science
-Quantitative Data Analyst
-Manager of Data Analytics
-Product Development Specialist
-Data Analyst for Various Industries
Research shows data analytics to be a rapidly expanding area in the workforce. Recent reports from the U.S. Bureau of Labor Statistics project the data analytics field to grow by 36% in the next decade. This creates more demand for employment and likely higher salaries.
Why should you consider getting a certificate?
Did you know that studies show the average tuition cost for a bachelor’s degree in data Analytics in the United States to be between $13,000 and $55,000 per year depending on the school? Additionally, master's degree programs in data analytics can be over $35,000 for the program. With these skyrocketing tuition prices, it’s no surprise that students are hesitant to continue or even start higher education. Thankfully, degree programs are no longer the only options to earn an education and work towards a rewarding career.
Fully online certification programs are now often pursued to get a more condensed version of value information, in a reduced time frame, and a small one-time cost that fits within regular budgets. Many are turning to online options, not just after a restricting pandemic, but because the convenience and prices are unmatched.
Focus EduSolutions now offers a fully online boot camp program in Data Analytics where students can learn the essentials to either work towards a career in data analytics or for those already in the field but searching for new opportunities.
For more details on our program, visit us now at https://focusedusolutions.com/data-analytics-bootcamp.
References
(2023). Data analyst salary in the United States. Indeed. Retrieved August 17, 2023, from https://www.indeed.com/career/data-analyst/salaries
Bouchrika, I., Ph.D. (2023, July 26). What Can You Do with a Data Analytics Degree: 2023 Costs & Job Opportunities. Research.com. Retrieved August 17, 2023, from https://research.com/degrees/data-analytics-degree
(2023, May 1). Data Scientists. U.S. Bureau of Labor Statistics. Retrieved August 17, 2023, from https://www.bls.gov/ooh/math/data-scientists.htm