A research analyst is one who prepares an analysis report based on the research that they convey of the market, product or any business and certain kinds of products or issues. Mostly, this research is done for the upper management in order to have a thorough view of the competitor’s market. The analysis report helps the company to recognize the opportunities in investment or a financial issue that they have.
Career as a Research Analyst
There is comprehensive growth of the research analyst through proper contribution and internal training and development. The career paths of a research analyst progresses as follows:
Research Analyst is the entry level position where the subject mainly conducts market research at both the primary as well as at the secondary levels. Their analysis provides knowledge about the strategies and trends that have been functional.
Industry Analyst creates the overall presentation of the market research in order to evaluate and identify the growth processes. It is an advanced role and requires proper mastery of the industry. One who is an industry analyst should possess proper communicational skill in order to provide the presentation and they should also have leadership skills to excel in their specified industry. Participants in the industry analyst job have entrepreneurial thinking.
The next step towards being a research analyst and an industry analyst is research director. The Research Director contributes to the entire management of all the different analysis of the industry by the industry analyst. The manage groups and multiple teams under them. This advanced position requires the candidates to be motivating ad proficient in all different forms of industry analysis.
The Program Manager forms the interface between the client and the research team. They take the primary responsibility to manage the analyst team to ensure the project quality according to the standard of the client requirement. They should meet the standards as well as generate the revenue for the development of the business.
The research analyst career is highly rewarding in every country. It requires analytic power to properly distinguish the opportunities within an industry. Generally it asks for an advance degree in business, accounting or mathematics. One should have the standard knowledge and the basics about computer. As a part of the organization which makes such analysis reports one can take the opportunities to advance from being a research analyst to industry analyst, director or even program manager. You can advance to masters level or doctorate level if needed.