Job Responsibilities
Perform on-line and "library" research, 5 hours per week
Conduct data analysis and financial modeling, 15 hours per week
Perform economic and statistical analyses, 5 hours per week
Prepare reports and presentation materials, 15 hours per week
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Job Requirements
An undergraduate degree, preferably in Economics or Mathematics,
is required. Analysts can be promoted to Senior Analysts, but it
is very difficult to get promoted beyone Senior Analyst without a
graduate degree of some sort.
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Uppers
The best parts about my job are the opportunity to do research and perform
quantitative analyses and the possibilities to apply economic concepts to
real-world situations.
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Downers
The worst part about my job is the tedious nature of entering and
cleaning up large data sets before being able to use them for
analysis.
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Lifestyle
The hours can be unpredictable at times, but much more stable than investment
banking or strategy consulting. Business travel is extremely limited but does
happen from time to time. The dress code is business casual.
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Compensation
I was hired, after a year of work experience at an investment
bank, in 2001 for $47,000 a year. My bonus each year, has been
around 20% of my salary; and after three years, I am making
$62,000 a year.
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Advice to Jobseekers
I think this is a very stable business to be in. I would advise
job seekers in this field to pay very close attention to the
dynamics of the office when they go for a second-round
interview. Analyst experiences can vary widely, based on their
individual offices.
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