How much does an Operations Research Analyst V make in Forest Home, AL? The average Operations Research Analyst V salary in Forest Home, AL is $114,861 as of May 28, 2024, but the range typically falls between $98,584 and $126,222. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Operations Research Analyst V Salary | $83,764 | Forest Home,AL | May 28, 2024 |
25th Percentile Operations Research Analyst V Salary | $98,584 | Forest Home,AL | May 28, 2024 |
50th Percentile Operations Research Analyst V Salary | $114,861 | Forest Home,AL | May 28, 2024 |
75th Percentile Operations Research Analyst V Salary | $126,222 | Forest Home,AL | May 28, 2024 |
90th Percentile Operations Research Analyst V Salary | $136,566 | Forest Home,AL | May 28, 2024 |
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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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.
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.
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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. (Copyright 2024 Salary.com)... View full job description
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For Operations Research Analyst V, the upper level is Operations Research Analysis Supervisor and then progresses to Operations Research Analysis Manager.
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Operations Research Analyst V salary varies from city to city. Compared with national average salary of Operations Research Analyst V, the highest Operations Research Analyst V salary is in San Francisco, CA, where the Operations Research Analyst V salary is 25.0% above. The lowest Operations Research Analyst V salary is in Miami, FL, where the Operations Research Analyst V salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Data Analyst V | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Job Title IT Systems Analyst V | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Job Title Operations Research Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Operations Research Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Operations Research Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Operations Research Analyst V salary of your education level.
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About Forest Home, Alabama Forest Home is an unincorporated community in Butler County, Alabama. It has a post office with the 36030 ZIP code. Forest Home is located at 31°51′4....More
Forest Home, Alabama area prices were up 1.3% from a year ago View the Cost of Living in Forest Home, Alabama
Operations Research Analyst V Salary in popular cities: Birmingham, Montgomery, Mobile
Skills associated with Operations Research Analyst V: Business Analytics, Gap Analysis, Data Mining, Statistical Software ...More
Salary estimation for Operations Research Analyst V at companies like : Project on Childrens Thinking, Medical College Of Cornell University, Marfork Coal Co Inc