Being a data analytic manager is an exciting profession that involves an individual who is an expert in the field of inspecting, gathering, interpreting, transforming, and modeling data to discover useful information, informing conclusions, and supporting decision-making geared towards solving a problem. A data analyst should be an individual who loves numbers and the diagrammatic presentation of numbers, one who can convert numbers into graphics and vice versa. He should have qualities and show expertise in data cleaning, preparation, analysis, exploration, statistical knowledge, creation of data visualizations, dashboards, reports, writing, communication, domain knowledge, and problem-solving. let us know about that the Salaries For A Data Analytics Manager.
Who is a data analytic manager?
One can easily say a data analytic manager is an individual in an organization who handles all managerial activities relating to data analysis. However, this is not far from the actual definition. A data-analytic manager is an individual who oversees, controls, and provides direction for a team of data analysts. He/she works with the production, sales, and marketing teams, providing support and helping to implement high-quality, data-driven decisions. While providing hiring, advice, team building services, and helping their team members with their analytics to ensure that data is accurately correlated and easy to understand by members of the organization and the general public,
How can one become a data analytic manager?
Having basic knowledge in data analysis or a bachelor’s degree in a field related to data analysis; attending data analytical related bootcamps; gaining experience; could be gained by working several years as a data analyst from junior analytic to senior data analytic; obtaining additional certifications and professional certifications relating to the data analytic field; and finally, developing managerial and leadership skills.
Salaries for a data analytics manager
The salaries for data analytics managers vary by the type of business, the industry, and the many job sectors. In the US, data analytics managers’ salaries range from $90,499 to $200,000 depending on the data analyst’s manager percentile earned. The position of a data analytic manager would require an individual with over ten years of experience, and data analytic managers with higher degrees and skill sets have a chance to get higher pay.
The demand for data analysts has spiked over the years, especially due to the COVID-19 pandemic, which has also led to a corresponding increase in their salaries to an average of $64,000. This depends largely on the analyst’s quality, years of experience, technical skills possessed, managerial skills, soft skills, the employer, location, and industry.
According to the United States Bureau of Labor Statistics, the job outlook for a data analytics manager has a positive job growth rate of 14%. This implies that companies are actively seeking measures to improve business cost control, efficiency, and accuracy; which would require the services of data analysts and analytics managers. The demand for data analyst managers is expected to grow over the years by 11%, which is much faster than the average for all occupations.
Data analytics managers’ salaries by sectors and industries
Technology: in the technology sector, the data analytic managers’ salaries range from $120,000 to $167,000; this applies to information technology companies, software companies, independent software vendors, and analytics solution providers. Health Care: In the health care sector, data analytic managers’ salaries range from $90,000 to $112,000, which can be increased based on one’s expertise in any of the niches within the healthcare system. Government: in the government sector, the data analytic managers’ salaries range from $94,000 to $117,000. Finance: in the finance sector, the data analytic managers’ salaries range from $96,000 to $200,000.
Skilled data analysts are some of the most sought-after professionals in the world. Data-analyst jobs are a diverse mixed profession, found across most companies, sectors, and industries. Any company, sector, industry, or government office that use data need data analysts to analyze it. Have you heard the phrase, “Do whatever thy hands find to do with all thy might!”? This applies to all professions: if you excel in your field and are among the best, the question of how much you earn, regardless of your position or job description, is entirely up to you.
Frequently Asked Questions
- When does one become a data analytic manager?
Well, it requires a lot of hard work and practice; you have to have efficient skills both as a data analyst and as a manager and a team player. You need to have gathered experience on the job; a minimum of four years is required. You also need to have a certain level of education and professional certification to become a data analytic manager.
- Where can one work as a data analytic manager?
As a data analyst manager, you can work in the banking industry, government industries and parastatals, finance-related industries, information communication and technology industries, and health care industries.
- Can I work remotely as a data analytic manager?
Yes! You could be a freelancer or work remotely; this depends on the industry you are working in, mostly the information communication and technology industries.
- What are the data analyst salaries by experience?
There are three different levels in the data analyst job outlook; the entry-level, which is usually within your first four years of work, you get paid $41,374, which could be lower or higher depending on the sector you are working in. The mid-level requires 5 to 9 years of working experience. You get paid $81,415 annually, which could be lower or higher depending on the sector you are working in. For senior/managerial data analytics, they earn over 90,000 annually, which could be lower or higher depending on the sector you are working in.