- Business and Employment»
- Employment & Jobs»
Improve your chances of getting hired for research analyst jobs
Your job role as a Research Analyst
Decision makers rely on the skills and expertise of a research analyst to take decisions that would drive a business, to its business goals. Accurate information about a process, operations, markets, issues or social factors; are the keys to examine a project, objectives and the favorable outcomes. Hence, a research analyst is a valued resource for an organization, as they are the ones who are armed with the mental landscape to analyse data on a microscopic level, which helps the stakeholders to meet the desired goals of a project.
A Research analyst is deeply involved with broad segment of activities that are centered towards research. Primarily, they perform quantitative analysis, cumulate and examine statistical data.
There are a different branches of research analyst jobs that are highly specialized and cater to a particular industry, technology or functional domains. Let us take a look at the different branches of research analyst roles, to help you determine which one would be the best fit for you.
Market Research Analyst
Market researchers study the market trends in local, regional or international areas, to examine potential sales of a product or service. They help companies understand what products people want, who will buy them and at what price. Some other job titles, that you will come across on job sites, which are associated with this job role are; business intelligence analyst, a survey researcher, or management analyst.
If you wish to go for a marketing research role, then you would need to arm yourself with; know-how of sales and marketing principles, terminologies, and concepts, clerical skills, reading comprehension, writing, judgement and decisions.
A degree and specialization in marketing, marketing management, economics, market research, customer merchandising and retail management; is what will boost your chances of getting hired for this role.
This role also comes under the umbrella of research analyst jobs. As a financial analyst you would conduct researches and develop insights on financial products, markets and trends, basically, you would be a financial advisor, who would offer financial consultation to businesses or individuals. Performance of stocks, bonds, commodities and other financial products are examined by a financial analyst. You can seek these jobs in banks, insurance companies and security firms. Other job titles, associated with this job role are; business analyst, credit analyst, or an accountant. A degree with a major in business administration, accounting and finance are the essential educational qualification for this job role.
These are the two job roles, under the category of research analyst jobs which have the maximum number of open positions, with greater future scope, job satisfaction and higher earning potential.
What makes you the perfect cut-out for these jobs
There are certain personality traits and daily habits, that would make you the best fit for research analyst jobs. If you constantly seek to learn about new and different subjects, reading articles, consuming online content, participating in discussions, online forums and live chats, then you will definitely succeed in a research analyst role.
Other than consuming loads of information, if you have knack for crunching numbers, interviewing people on phone, emails or video conference, creating presentations to showcase your findings and insights then your professional success in this role is guaranteed provided, you constantly learn and unlearn whatever is associated to your role.
What it takes an aspiring research analyst to get hired?
Recruiters hiring for research analyst jobs asses fresh graduates for abstract and creative thinking skills, however, it becomes difficult for recruiters to judge candidates, that's the main reason why employers keep hiring from the same institution every year as they are familiar with the curriculum designed by the institution to groom graduates as research analyst which ensures the consistency in skills and aptitude of research analyst job candidates.
Furthermore, your education and prior experience as an intern or a trainee, are of considerable value when you apply for research analyst jobs.
What employers and recruiters really want from you is a concrete evidence of skills that would make you an effective research analyst. In order to prove your skills, start a blog or a website publish your researches that you might have done as a part of your college curriculum, write reviews of books, articles, research papers from the domain of economics, finance and investments, that will demonstrate your critical thinking ability, this will allow a recruiter to know, whether or not you possess the skills that would make you an efficient research analyst.
These activities will not only polish your skill set, but this will help you develop deeper insights and broaden your sphere of thought.
Employers not only hire you for your skills, they will hire you for your opinion as well. They will get you onboard with the projection that you will take complete ownership of the choices or decisions that you have made. So, if you create your own research reports, then you would also need to keep a check on your recommendations and the results, with complete ownership. All of this will help you in getting hired and set sails for a career in research analysis.
Look for a mentor
A mentor can serve as your guiding light, be it a job search, a research, an analysis or your job search. A mentor can be your teacher from college, a senior at work or someone who has a considerable amount of work experience in a research analyst role. You will also get to learn the best business practices, appropriate behaviours and protocols. As a mentee, you will gain from the past experiences, failures and successes of your mentor. Continuous feedback of your performance by your mentor, will help you improve your skills, enhance your personal growth. Your overall experience as a mentee will boost your morals, skills, expertise and will serve as a training ground which will help you develop mentoring behaviours and become a mentor for fresh starters.
Keep updating your mental stock
As a research analyst, your success would only depend on the insights and knowledge that you possess, and showcasing them during an interview will certainly elevate your chances of getting hired for a research analyst job. Read about investment texts, the economic literature, or even fiction which feeds your curiosity. One of the most important skill for a research analyst is understanding, which would be sharpened if you keep reading, comprehending and absorbing from whatever you read. Understanding information is what you are the backbone of your career and acting decisively on the information is what shall ensure the longevity of your career. This would not only help you getting hired, but shall increase the span of your metal stock and will help you understand and identify what should guide you and what you shall learn next.
Finally, where would you find research analyst jobs?
Since, you have known all the essentials of this role, now you can start your job search. The best platform to look for job is CareerBuilder, as it serves as a prominent human capital solutions provider present in several job markets in major developed nations, and can serve as your gateway to a promising research analyst job.