Career and Education Opportunities for Operations Research Analysts in Minneapolis, Minnesota
Operations research analyst career and educational opportunities abound in Minneapolis, Minnesota. Currently, 1,650 people work as operations research analysts in Minnesota. This is expected to grow by 9% to about 1,790 people by 2016. This is not quite as good as the nation as a whole, where employment opportunities for operations research analysts are expected to grow by about 22.0%. 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.
The income of an operations research analyst is about $31 hourly or $64,650 yearly on average in Minnesota. In the U.S. as a whole, their income is about $33 per hour or $69,000 yearly on average. Incomes for operations research analysts are not quite as good as in the overall category of Statistics Analysis in Minnesota, and not quite as good as the overall Statistics Analysis category nationally. Operations research analysts work in a variety of jobs, including: process analyst, supply chain analyst, and standards analyst.
The Minneapolis area is home to eighty schools of higher education, including one within twenty-five miles of Minneapolis where you can get a degree as an operations research analyst. Given that the most common education level for operations research analysts is a Master's degree, it will take about six years to learn to be 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 Minneapolis 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 Minnesota-Twin Cities - Minneapolis, MN
University of Minnesota-Twin Cities, 100 Church Street SE, Minneapolis, MN 55455-0213. University of Minnesota-Twin Cities is a large university located in Minneapolis, Minnesota. It is a public school with primarily 4-year or above programs. It has 51,140 students and an admission rate of 53%. University of Minnesota-Twin Cities has a postbaccalaureate certificate program in Educational Evaluation and Research which graduated three students in 2008.
Certified Confidentiality Officer: Professional certification validates your training and experience in your present career.
For more information, see the Business Espionage Controls and Countermeasures Association website.
Fiscal Services - Accelerated Package: Fiscal Services - Accelerated Package course list: Better Requests for Proposals for Better Projects; Continuous Improvement Through Monitoring; Contracting; New Coding System for the 21st Century; Procurement; and Writing Winning Grant Proposals.
For more information, see the Dynamic Works Institute website.
Stay Sharp Program - Defeating Rogue Access Points: Security professionals who are concerned about the weaknesses of wireless networks.
For more information, see the Global Information Assurance Certification website.
Microsoft Certified Professional Developer: For individuals who wish to distinguish themselves as an expert in Windows development, Web application development, or enterprise applications development.
For more information, see the Microsoft Corporation website.
LOCATION INFORMATION: Minneapolis, Minnesota
Minneapolis is situated in Hennepin County, Minnesota. It has a population of over 382,605. The cost of living index in Minneapolis, 101, is near the national average. New single-family homes in Minneapolis are priced at $451,300 on average, which is far greater than the state average. In 2008, forty-five new homes were constructed in Minneapolis, down from one hundred fifteen the previous year.
The top three industries for women in Minneapolis are health care, educational services, and accommodation and food services. For men, it is educational services, professional, scientific, and technical services, and accommodation and food services. The average commute to work is about 22 minutes. More than 37.4% of Minneapolis residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 13.1%, is higher than the state average.
The unemployment rate in Minneapolis is 7.0%, which is the same as Minnesota's average of 7.0%.
The percentage of Minneapolis residents that are affiliated with a religious congregation, 57.7%, is more than the national average but less than the state average. The largest religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the United Methodist Church.
Minneapolis is home to the Saint Josephs Orphanage and the Hiawatha Municipal Golf Course as well as Beards Plaisance and Mississippi Park. Visitors to Minneapolis can choose from COE Mansion Carriage House, Radisson Hotel Metrodome and Best Western Kelly Inn for temporary stays in the area.