1. What is the average salary of an Operations Research Analyst V?
The average annual salary of Operations Research Analyst V is $133,211.
In case you are finding an easy salary calculator,
the average hourly pay of Operations Research Analyst V is $64;
the average weekly pay of Operations Research Analyst V is $2,562;
the average monthly pay of Operations Research Analyst V is $11,101.
2. Where can an Operations Research Analyst V earn the most?
An Operations Research Analyst V's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, an Operations Research Analyst V earns the most in San Jose, CA, where the annual salary of an Operations Research Analyst V is $167,180.
3. What is the highest pay for Operations Research Analyst V?
The highest pay for Operations Research Analyst V is $158,377.
4. What is the lowest pay for Operations Research Analyst V?
The lowest pay for Operations Research Analyst V is $97,146.
5. What are the responsibilities of Operations Research Analyst V?
Operations Research Analyst V collects and analyzes data to evaluate operations and processes and to facilitate complex decision-making. Follows established modeling and evaluation methodologies to determine the effectiveness of current operational activities, isolate problem areas and develop solutions. Being an Operations Research Analyst V tests and validates models and results. Prepares reports that outline and rank proposed solutions and present a range of possible alternatives. Additionally, Operations Research Analyst V may coordinate or provide guidance to high complexity or critical projects utilizing multiple resources. May present and interpret findings to executives and participate in the decision making process to recommend strategies and business directions. Requires a bachelor's degree of mathematics or related field. Typically reports to a manager or head of a unit/department. The Operations Research Analyst V works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Works autonomously. Goals are generally communicated in solution or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. To be an Operations Research Analyst V typically requires 10+ years of related experience.
6. What are the skills of Operations Research Analyst V
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
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Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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Data Analysis: Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively. Data mining is a particular data analysis technique that focuses on modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. In statistical applications, data analysis can be divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA). EDA focuses on discovering new features in the data while CDA focuses on confirming or falsifying existing hypotheses. Predictive analytics focuses on application of statistical models for predictive forecasting or classification, while text analytics applies statistical, linguistic, and structural techniques to extract and classify information from textual sources, a species of unstructured data. All of the above are varieties of data analysis.
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Data Science: Data science is a multi-disciplinary field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured and unstructured data. Data science is the same concept as data mining and big data: "use the most powerful hardware, the most powerful programming systems, and the most efficient algorithms to solve problems". Data science is a "concept to unify statistics, data analysis, machine learning and their related methods" in order to "understand and analyze actual phenomena" with data. It employs techniques and theories drawn from many fields within the context of mathematics, statistics, computer science, and information science. Turing award winner Jim Gray imagined data science as a "fourth paradigm" of science (empirical, theoretical, computational and now data-driven) and asserted that "everything about science is changing because of the impact of information technology" and the data deluge. In 2015, the American Statistical Association identified database management, statistics and machine learning, and distributed and parallel systems as the three emerging foundational professional communities.