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Career and Education Opportunities for Operations Research Analysts in Newark, New Jersey

Operations research analysts can find both educational opportunities and jobs in the Newark, New Jersey area. Currently, 1,900 people work as operations research analysts in New Jersey. This is expected to grow by 8% to about 2,000 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.

Operations research analysts earn about $43 per hour or $89,870 annually on average in New Jersey and about $33 hourly or $69,000 yearly on average nationally. Incomes for operations research analysts are better than in the overall category of Statistics Analysis in New Jersey, and not quite as good as the overall Statistics Analysis category nationally. People working as operations research analysts can fill a number of jobs, such as: office system analyst, business process analyst, and material liaison.

The Newark area is home to 318 schools of higher education, including eight within twenty-five miles of Newark where you can get a degree as an operations research analyst. Operations research analysts usually hold a Master's degree, so 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

Operations Research Analyst video from the State of New Jersey Dept. of Labor and Workforce Development

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 Newark 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

Pace University-New York - New York, NY

Pace University-New York, 1 Pace Plaza, New York, NY 10038-1598. Pace University-New York is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,229 students and an admission rate of 78%. Pace University-New York has bachelor's degree, master's degree, and post-master's certificate programs in Management Science.

Columbia University in the City of New York - New York, NY

Columbia University in the City of New York, 116 St and Broadway, New York, NY 10027. Columbia University in the City of New York is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 22,940 students and an admission rate of 11%. Columbia University in the City of New York has bachelor's degree, master's degree, post-master's certificate, and doctor's degree programs in Operations Research which graduated fifty-five, sixty-eight, four, and two students respectively in 2008.

Dominican College of Blauvelt - Orangeburg, NY

Dominican College of Blauvelt, 470 Western Highway, Orangeburg, NY 10962-1210. Dominican College of Blauvelt is a small college located in Orangeburg, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,962 students and an admission rate of 76%. Dominican College of Blauvelt has a bachelor's degree program in Management Science which graduated sixteen students in 2008.

Rutgers University-New Brunswick - New Brunswick, NJ

Rutgers University-New Brunswick, 83 Somerset St, New Brunswick, NJ 08901-1281. Rutgers University-New Brunswick is a large university located in New Brunswick, New Jersey. It is a public school with primarily 4-year or above programs. It has 36,041 students and an admission rate of 56%. Rutgers University-New Brunswick has 3 areas of study related to Operations Research Analyst. They are:

  • Educational Statistics and Research Methods, master's degree which graduated 9 students in 2008.
  • Operations Research, master's degree and doctor's degree which graduated two and four students respectively in 2008.
  • Management Science, bachelor's degree which graduated 4 students in 2008.

CUNY Bernard M Baruch College - New York, NY

CUNY Bernard M Baruch College, One Bernard Baruch Way (55 Lexington at 24th St), New York, NY 10010. CUNY Bernard M Baruch College is a large college located in New York, New York. It is a public school with primarily 4-year or above programs. It has 15,906 students and an admission rate of 26%. CUNY Bernard M Baruch College has a bachelor's degree and a master's degree program in Operations Research which graduated one and one students respectively in 2008.

Princeton University - Princeton, NJ

Princeton University, , Princeton, NJ 08544-0070. Princeton University is a medium sized university located in Princeton, New Jersey. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,343 students and an admission rate of 10%. Princeton University has bachelor's degree, master's degree, and doctor's degree programs in Operations Research which graduated thirty-seven, sixteen, and four students respectively in 2008.

Teachers College at Columbia University - New York, NY

Teachers College at Columbia University, 525 W 120th St, New York, NY 10027. Teachers College at Columbia University is a medium sized university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs and has 5,100 students. Teachers College at Columbia University has a master's degree and a doctor's degree program in Educational Statistics and Research Methods which graduated nine and one students respectively in 2008.

New York University - New York, NY

New York University, 70 Washington Sq South, New York, NY 10012-1091. New York University is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 42,204 students and an admission rate of 32%. New York University has bachelor's degree, master's degree, post-master's certificate, and doctor's degree programs in Operations Research which graduated ten, zero, zero, and five students respectively in 2008.

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LOCATION INFORMATION: Newark, New Jersey

Newark, New Jersey
Newark, New Jersey photo by Gik%C3%BC

Newark is located in Essex County, New Jersey. It has a population of over 278,980, which has grown by 2.0% in the past ten years. The cost of living index in Newark, 140, is far greater than the national average. New single-family homes in Newark are priced at $83,500 on average, which is far less than the state average. In 2008, ninety-nine new homes were built in Newark, up from twenty-nine the previous year.

The three big industries for women in Newark are health care, educational services, and finance and insurance. For men, it is construction, administrative and support and waste management services, and accommodation and food services. The average commute to work is about 32 minutes. More than 9.0% of Newark residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.0%, is lower than the state average.

The unemployment rate in Newark is 14.8%, which is greater than New Jersey's average of 9.3%.

The percentage of Newark residents that are affiliated with a religious congregation, 57.0%, is more than the national average but less than the state average. First Mount Zion Baptist Church, First Newborn Tabernacle Church and First Presbyterian Church are among the churches located in Newark. The most common religious groups are the Catholic Church, the Muslim Estimate and the American Baptist Churches in the USA.

Newark is home to the Clinton Branch Newark Public Library and the Brills Yard as well as Rippel Field and River Bank Park. Visitors to Newark can choose from Fairfield Inn and Suites, Days Hotel Newark Airport and Broad Street Hotel LLC for temporary stays in the area.