Operations Research Analysts

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About the Job

Formulate and apply mathematical modeling and other optimizing methods to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. May collect and analyze data and develop decision support software, service, or products. May develop and supply optimal time, cost, or logistics networks for program evaluation, review, or implementation.

It is also Called

  • Advanced Analytics Associate
  • Analytical Strategist
  • Analytics Consultant
  • Business Analyst
  • Business Analytics Director
  • Business Insight and Analytics Manager
  • Business Operations Analyst
  • Business Process Analyst
  • Decision Analyst
  • Decision Support Analyst
View All

What They Do

  • Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters.
  • Perform validation and testing of models to ensure adequacy and reformulate models as necessary.
  • Collaborate with senior managers and decision makers to identify and solve a variety of problems and to clarify management objectives.
  • Present the results of mathematical modeling and data analysis to management or other end users.
  • Collaborate with others in the organization to ensure successful implementation of chosen problem solutions.
  • Analyze information obtained from management to conceptualize and define operational problems.
  • Study and analyze information about alternative courses of action to determine which plan will offer the best outcomes.
  • Prepare management reports defining and evaluating problems and recommending solutions.
  • Define data requirements and gather and validate information, applying judgment and statistical tests.
  • Observe the current system in operation and gather and analyze information about each of the parts of component problems, using a variety of sources.

Interests

People who work in this occupation generally have the interest code: ICE.

This means people who work in this occupation generally have Investigative interests, but also prefer Conventional and Enterprising environments.

Work Values

People who work in this occupation generally prize Achievement, but also value Independence and Working Conditions in their jobs.

Things They Need to Know

  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Things They Need to Be Able to Do

  • Mathematics - Using mathematics to solve problems.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Education Required

Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).

Wages

In 2018, the average annual wage in Ohio was $82,810 with most people making between $51,140 and $121,900

Outlook

2.44%
avg. annual growth

During 2016, this occupation employed approximately 3,850 people in Ohio. It is projected that there will be 4,790 employed in 2026.

This occupation will have about 94 openings due to growth and about 256 replacement openings for approximately 350 total annual openings.

Work Keys

This occupation requires a Gold certificate

Skill Level
Observation5
Locating Information5
Applied Mathematics5
Teamwork4
Listening4
Writing4
Reading for Information4