Business process analysts are also known as operations research analysts. They interpret different forms of management-related information in a company to help management solve problems and improve a company's efficiency.
Business process analysts work across all industry sectors. They work across all departments of a firm, from chain supply and logistics, to the allocation of resources or the designing of production facilities or other buildings. Often these analysts will use sophisticated software to problem-solve and come up with solutions to management issues. These solutions will then be presented to management and implemented.
Business process analysts work 40-hour weeks and most of their work is done in an office environment. Sometimes, if the job requires it, they may spend time in the field carrying out observation work.
Analysts must have a bachelor's degree in something numerate such as mathematics. Many employers prefer their employees to have a master's in operations research or management science.
According to the Bureau of Labor Statistics, jobs in the industry are expected to grow 22 percent between 2008 and 2018, which is much faster than the national average for all jobs in the United States.
According to the Bureau of Labor Statistics, the average salary for analysts in 2008 was $69,000, with the highest 10 percent taking home more than $92,920 a year. Often analysts are also paid bonuses and receive other benefits like medical and life insurance, pension plans and reimbursement for university programs.
2016 Salary Information for Operations Research Analysts
Operations research analysts earned a median annual salary of $79,200 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, operations research analysts earned a 25th percentile salary of $57,400, meaning 75 percent earned more than this amount. The 75th percentile salary is $105,410, meaning 25 percent earn more. In 2016, 114,000 people were employed in the U.S. as operations research analysts.