Career and Education Opportunities for Operations Research Analysts in Cambridge, Massachusetts
Operations research analysts can find many career and educational opportunities in the Cambridge, Massachusetts area. There are currently 2,480 working operations research analysts in Massachusetts; this should grow by 15% to 2,840 working operations research analysts in the state by 2016. This is not quite as good as the national trend for operations research analysts, which sees this job pool growing by about 22.0% over the next eight years. Operations research analysts generally formulate and apply mathematical modeling and other optimizing methods using a computer to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions.
Income for operations research analysts is about $38 hourly or $79,640 annually on average in Massachusetts. Nationally, their income is about $33 per hour or $69,000 yearly. Earnings for operations research analysts are not quite as good as earnings in the general category of Statistics Analysis in Massachusetts and not quite as good as general Statistics Analysis category earnings nationally. People working as operations research analysts can fill a number of jobs, such as: business operations analyst, systems consultant, and procedure analyst.
The Cambridge area is home to 149 schools of higher education, including four within twenty-five miles of Cambridge where you can get a degree as an operations research analyst. The most common level of education for operations research analysts is a Master's degree. You can expect to spend about six years training to become an operations research analyst if you already have a high school diploma, or just 2 years starting with a Bachelor's degree.
CAREER DESCRIPTION: Operations Research Analyst
In general, operations research analysts formulate and apply mathematical modeling and other optimizing methods using a computer to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. They also may develop related software, service, or products.
Operations research analysts formulate mathematical or simulation models of problems, relating constants and variables and their numerical parameters. They also layout and evaluate experimental operational models in cases where models cannot be developed from existing data. Equally important, operations research analysts have to observe the current system in operation and gather and analyze data related to each of the parts of component problems, using a variety of sources. They are often called upon to specify manipulative or computational methods to be applied to models. They are expected to ready management reports defining and evaluating problems and recommending solutions. Finally, operations research analysts design business methods and procedures, including accounting systems and production schedules.
Every day, operations research analysts are expected to be able to decide how to think about problems involving math. They need to deal with basic arithmetic problems.
It is important for operations research analysts to break systems into their component parts, assign numerical values to each component, and examine the mathematical relationships between them. They are often called upon to design business methods and procedures, including accounting systems and production schedules. Somewhat less frequently, operations research analysts are also expected to design and apply time and cost networks to develop and review large projects.
They also have to be able to analyze data obtained from management to conceptualize and define operational problems and perform validation and testing of models to insure adequacy and reformulate models as needed. And finally, they sometimes have to collaborate with senior managers and decision makers to pinpoint and solve a variety of problems and to explain management objectives.
Like many other jobs, operations research analysts must be able to absorb the factors involved and a problem and provide a well thought out solution and have exceptional integrity.
Similar jobs with educational opportunities in Cambridge include:
- Actuary. Analyze statistical data, such as mortality, accident, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.
- Computer Programmer. Convert project specifications and statements of problems and procedures to detailed logical flow charts for coding into computer language. Develop and write computer programs to store, locate, and retrieve specific documents, data, and information. May program web sites.
EDUCATIONAL OPPORTUNITIES: Operations Research Analyst Training
University of Massachusetts-Lowell - Lowell, MA
University of Massachusetts-Lowell, 1 University Ave, Lowell, MA 01854-5104. University of Massachusetts-Lowell is a large university located in Lowell, Massachusetts. It is a public school with primarily 4-year or above programs. It has 11,931 students and an admission rate of 71%. University of Massachusetts-Lowell has an associate's degree program in Management Science.
Massachusetts Institute of Technology - Cambridge, MA
Massachusetts Institute of Technology, 77 Massachusetts Avenue, Cambridge, MA 02139-4307. Massachusetts Institute of Technology is a large school located in Cambridge, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,299 students and an admission rate of 12%. Massachusetts Institute of Technology has a master's degree and a doctor's degree program in Operations Research which graduated nine and six students respectively in 2008.
Northeastern University - Boston, MA
Northeastern University, 360 Huntington Ave, Boston, MA 02115-5000. Northeastern University is a large university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 25,368 students and an admission rate of 35%. Northeastern University has 3 areas of study related to Operations Research Analyst. They are:
- Educational Statistics and Research Methods, master's degree.
- Operations Research, master's degree which graduated 5 students in 2008.
- Management Sciences and Quantitative Methods, Other Specialties, master's degree and post-master's certificate which graduated seven and zero students respectively in 2008.
Lasell College - Newton, MA
Lasell College, 1844 Commonwealth Ave, Newton, MA 02466-2716. Lasell College is a small college located in Newton, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,484 students and an admission rate of 61%. Lasell College has a master's degree program in Management Science which graduated twenty-three students in 2008.
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LOCATION INFORMATION: Cambridge, Massachusetts
Cambridge is located in Middlesex County, Massachusetts. It has a population of over 105,596, which has grown by 4.2% in the past ten years. The cost of living index in Cambridge, 142, is far greater than the national average. New single-family homes in Cambridge are priced at $1,078,700 on average, which is far greater than the state average. In 2008, twelve new homes were constructed in Cambridge, down from twenty-five the previous year.
The top three industries for women in Cambridge are educational services, professional, scientific, and technical services, and health care. For men, it is educational services, professional, scientific, and technical services, and health care. The average travel time to work is about 24 minutes. More than 65.1% of Cambridge residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 38.5%, is higher than the state average.
The unemployment rate in Cambridge is 5.6%, which is less than Massachusetts's average of 8.4%.
The percentage of Cambridge residents that are affiliated with a religious congregation, 73.6%, is more than both the national and state average. Western Avenue Baptist Church, Massachusetts Institute of Technology Chapel and Cambridgeport Baptist Church are some of the churches located in Cambridge. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.
Cambridge is home to the Great Court and the Cutter Square as well as John A Ahern Field and Sheridan Square. Shopping malls in the area include Porter Square Shopping Center, The Atrium Shopping Center and Cambridgeside Galleria Shopping Center.