Career and Education Opportunities for Operations Research Analysts in Billings, Montana
If you want to be an operations research analyst, the Billings, Montana area offers many opportunities both for education and employment. Currently, ninety people work as operations research analysts in Montana. This is expected to grow 32% to about 120 people by 2016. This is better than 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.
Operations research analysts earn about $19 per hour or $41,490 yearly on average in Montana and about $33 per hour or $69,000 yearly on average nationally. Incomes for operations research analysts are not quite as good as in the overall category of Statistics Analysis in Montana, and not quite as good as the overall Statistics Analysis category nationally. Operations research analysts work in a variety of jobs, including: forms analyst, business operations analyst, and scientist.
There are four schools of higher education in the Billings area, including one within twenty-five miles of Billings where you can get a degree to start your career as an operations research analyst. Given that the most common education level 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 if you have 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 Billings include:
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EDUCATIONAL OPPORTUNITIES: Operations Research Analyst Training
Rocky Mountain College - Billings, MT
Rocky Mountain College, 1511 Poly Drive, Billings, MT 59102-1796. Rocky Mountain College is a small college located in Billings, Montana. It is a private not-for-profit school with primarily 4-year or above programs. It has 872 students and an admission rate of 68%. Rocky Mountain College has a bachelor's degree program in Management Science which graduated fifteen students in 2008.
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LOCATION INFORMATION: Billings, Montana
Billings is situated in Yellowstone County, Montana. It has a population of over 103,994, which has grown by 15.7% over the last ten years. The cost of living index in Billings, 88, is well below the national average. New single-family homes in Billings are valued at $132,200 on average, which is well below the state average. In 2008, five hundred nineteen new homes were built in Billings, down from six hundred four the previous year.
The three most popular industries for women in Billings are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average commute to work is about 16 minutes. More than 28.5% of Billings residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.2%, is higher than the state average.
The unemployment rate in Billings is 4.4%, which is less than Montana's average of 5.8%.
The percentage of Billings residents that are affiliated with a religious congregation, 48.6%, is less than the national average but more than the state average. The largest religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the LDS (Mormon) Church.
Billings is home to the Twin Pines Ranch and the Hilands Golf Club as well as Cobb Field and Pioneer Park. Visitors to Billings can choose from Western Executive Inn, Holiday Inn Express and Big 5 Motel for temporary stays in the area.