Career and Education Opportunities for Operations Research Analysts in Milwaukee, Wisconsin
There is a wide variety of career and education opportunities for operations research analysts in the Milwaukee, Wisconsin area. Currently, 460 people work as operations research analysts in Wisconsin. This is expected to grow by 19% to about 540 people 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. 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.
Income for operations research analysts is about $29 hourly or $61,530 annually on average in Wisconsin. Nationally, their income is about $33 hourly or $69,000 yearly. Operations research analysts earn less than people working in the category of Statistics Analysis generally in Wisconsin and less than people in the Statistics Analysis category nationally. Operations research analysts work in a variety of jobs, including: scientist, material requirements worker, and systems analyst.
There are two schools within twenty-five miles of Milwaukee where you can study to be an operations research analyst, among thirty-nine schools of higher education total in the Milwaukee area. Operations research analysts usually hold a Master's degree, so you can expect to spend about six years studying 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 Milwaukee 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 Phoenix-Milwaukee Campus - Brookfield, WI
University of Phoenix-Milwaukee Campus, 20075 Watertower Blvd, Brookfield, WI 53045-6608. University of Phoenix-Milwaukee Campus is a small university located in Brookfield, Wisconsin. It is a private for-profit school with primarily 4-year or above programs and has 348 students. University of Phoenix-Milwaukee Campus has a bachelor's degree program in Management Science which graduated nineteen students in 2008.
University of Wisconsin-Milwaukee - Milwaukee, WI
University of Wisconsin-Milwaukee, 2200 E Kenwood Blvd, Milwaukee, WI 53201-0413. University of Wisconsin-Milwaukee is a large university located in Milwaukee, Wisconsin. It is a public school with primarily 4-year or above programs. It has 28,995 students and an admission rate of 96%. University of Wisconsin-Milwaukee has a doctor's degree program in Management Sciences and Quantitative Methods, Other Specialties which graduated seven students in 2008.
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For more information, see the Microsoft Corporation website.
LOCATION INFORMATION: Milwaukee, Wisconsin
Milwaukee is located in Milwaukee County, Wisconsin. It has a population of over 604,477, which has grown by 1.3% over the last ten years. The cost of living index in Milwaukee, 87, is well below the national average. New single-family homes in Milwaukee cost $167,400 on average, which is far less than the state average. In 2008, ninety-six new homes were built in Milwaukee, down from one hundred sixty-seven the previous year.
The three most popular industries for women in Milwaukee are health care, educational services, and finance and insurance. For men, it is administrative and support and waste management services, construction, and accommodation and food services. The average travel time to work is about 23 minutes. More than 18.3% of Milwaukee residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.0%, is lower than the state average.
The unemployment rate in Milwaukee is 10.6%, which is greater than Wisconsin's average of 7.7%.
The percentage of Milwaukee residents that are affiliated with a religious congregation, 47.5%, is less than both the national and state average. Church of the Epiphany, Saint Mark African Methodist Episcopal Church and German Full Gospel Church are among the churches located in Milwaukee. The largest religious groups are the Catholic Church, the Lutheran Church and the Evangelical Lutheran Church in America.
Milwaukee is home to the Caroline Hall and the Wood as well as Cannon Park and Fifth Ward Playground. Shopping malls in the area include Juneau Village Shopping Center, Times Square Shopping Center and Grand Avenue Mall Shopping Center. Visitors to Milwaukee can choose from Edge-O-Town Motel, Manor House Hotel and Days Inn West Allis for temporary stays in the area.