Formulate and apply mathematical modeling and other optimizing methods to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. May collect and analyze data and develop decision support software, service, or products. May develop and supply optimal time, cost, or logistics networks for program evaluation, review, or implementation.
- Analytical Strategist
- Business Analytics Director
- Business Insight and Analytics Manager
- Business Operations Analyst
- Business Process Analyst
- Decision Analyst
- File System Installer
- Forms Analyst
- Liaison Planner
- Specify manipulative or computational methods to be applied to models.
- Define data requirements and gather and validate information, applying judgment and statistical tests.
- Collaborate with senior managers and decision makers to identify and solve a variety of problems and to clarify management objectives.
- Perform validation and testing of models to ensure adequacy and reformulate models as necessary.
- Develop and apply time and cost networks to plan, control, and review large projects.
- Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters.
- Develop business methods and procedures, including accounting systems, file systems, office systems, logistics systems, and production schedules.
- Design, conduct, and evaluate experimental operational models in cases where models cannot be developed from existing data.
- Study and analyze information about alternative courses of action to determine which plan will offer the best outcomes.
- Prepare management reports defining and evaluating problems and recommending solutions.
People who work in this occupation generally have the interest code: ICE.
This means people who work in this occupation generally have Investigative interests, but also prefer Conventional and Enterprising environments.
People who work in this occupation generally prize Achievement, but also value Independence and Working Conditions in their jobs.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
- Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Mathematics - Using mathematics to solve problems.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
- Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Writing - Communicating effectively in writing as appropriate for the needs of the audience.
Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
In 2012, the average annual wage in United States was $79,830.00 with most people making between $40,550.00 and $129,490.00
During 2010, this occupation employed approximately 64,000 people in United States. It is projected that there will be 74,000 employed in 2020.
This occupation will have about 0 openings due to growth and about 30,000 replacement openings for approximately 30,000 total annual openings.
collegeUniversity of Southern California
collegeCalifornia State University-Bakersfield
majorBusiness Administration and Management, General
collegeCalifornia State Polytechnic University-Pomona
collegeUniversity of California-Los Angeles
majorAccounting and Finance