Career and Education Opportunities for Operations Research Analysts in McKinney, Texas
If you want to be an operations research analyst, the McKinney, Texas area offers many opportunities both for education and employment. There are currently 5,720 working operations research analysts in Texas; this should grow 12% to 6,410 working operations research analysts in the state 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%. 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.
Operations research analysts earn about $34 per hour or $71,660 annually on average in Texas and about $33 per hour or $69,000 per year on average nationally. Earnings for operations research analysts are not quite as good as earnings in the general category of Statistics Analysis in Texas 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: office system analyst, policy advisor, and supply chain analyst.
The McKinney area is home to fifteen schools of higher education, including one within twenty-five miles of McKinney 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 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.
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EDUCATIONAL OPPORTUNITIES: Operations Research Analyst Training
University of Phoenix-Dallas Fort Worth Campus - Dallas, TX
University of Phoenix-Dallas Fort Worth Campus, 12400 Coit Road, Churchill Towers, Suite 200, Dallas, TX 75251-2009. University of Phoenix-Dallas Fort Worth Campus is a small university located in Dallas, Texas. It is a private for-profit school with primarily 4-year or above programs and has 1,198 students. University of Phoenix-Dallas Fort Worth Campus has a bachelor's degree and a master's degree program in Management Science which graduated twenty-one and seven students respectively in 2008.
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LOCATION INFORMATION: McKinney, Texas
Mckinney is situated in Collin County, Texas. It has a population of over 121,211, which has grown by 122.9% in the past ten years. The cost of living index in Mckinney, 90, is below the national average. New single-family homes in Mckinney are valued at $168,500 on average, which is below the state average. In 2008, nine hundred eighty-seven new homes were built in Mckinney, down from 1,662 the previous year.
The top three industries for women in Mckinney are health care, educational services, and professional, scientific, and technical services. For men, it is construction, computer and electronic products, and professional, scientific, and technical services. The average commute to work is about 27 minutes. More than 39.1% of Mckinney residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.3%, is higher than the state average.
The unemployment rate in Mckinney is 7.8%, which is less than Texas's average of 8.1%.
The percentage of Mckinney residents that are affiliated with a religious congregation, 53.7%, is more than the national average but less than the state average. Redeemer Presbyterian Church, Eternity Community Church and Church of Christ are some of the churches located in Mckinney. The most common religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.
Mckinney is home to the Estes House and the A M Scott House as well as Mouzon Park and Murphy Park.