In recent years there has been a spike in the number of analyst jobs required. With the vast improvement in technology, there has also been an increase in the number of industries that require careful analysis to ensure optimal business functioning. This is where analyst jobs come in handy.
The purpose of an analyst is to study the performance of a particular firm or company sector. The individual provides aid with critical decision-making. Trends indicate that more firms require specialist reports to make sound business decisions.
Just like any other job, there are associated pros and cons that come with analyst jobs.
Types of analyst jobs:
Business analyst– tasked with assessing the business model or its integration with technology.
Computer systems analyst– this job may include the purchasing of new IT systems and ensuring that they are installed correctly.
Investment analyst– Working as an Investment Analyst requires familiarity and comfort with computers as well as financial modelling.
Financial analyst
Data analyst
Test analyst
Integration analyst
IT Business analyst
Java Systems analyst
Business Analyst Pros and Cons
Pros:
- Opportunity to work on a variety of projects
- New challenges on a regular basis
- Great income potential
- Greater flexibility in choosing when you work and on what projects
Cons:
- There are often no benefits such as healthcare
- You don’t get paid while you are away
Java Systems Analyst Pros and Cons
Pros:
- Lots of opportunity
- Compensation is competitive
- Opportunity to stay relevant and keep up with frequent changes
- Opportunities to learn industries and applications in depth
Systems Analyst
Systems analysts are needed in nearly all types of industries.
Pros:
- Favourable job prospects
- High earnings
- Positions are available in a variety of industries
- Various opportunities for self-employment
Cons:
- Job may require frequent travel
- The job often requires long hours
- Requires a high level of technical and industry-specific knowledge