Career Information > BFSI > Operation Research Analyst

Last Updated on :16/10/2023
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Operation Research Analyst

Aliases: Operation Researcher

Industry/Sector(s): BFSI


JOB DESCRIPTION 1

The tasks an Operation Research Analyst is expected to perform include:

  • Formulating and applying mathematical modelling
  • Concentrating on collecting and analysing data
  • Developing decision support software
  • Analysing problem in terms of management information
  • Conceptualizing and defining problem
WORK ENVIRONMENT 1, 4
  • It is a desk job
  • Need not handle a team
  • Local travelling is not part of this job role
  • Part-time work and contractual jobs are available in some cities
  • Work from home option is not available
Working hours
  • Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
  • Shift system is not available
  • Overtime may be required
Is the job suitable for a candidate with special needs?

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING 2

Preferably, MBA/PGDM in any field

KEY COMPETENCIES 1
  • Proficient in preparing model of problem in form of one or several equations
  • Adept at specifying manipulative or computational methods to be applied to model
  • Well-versed with evaluating implementation and effectiveness of research
  • Knowledge of developing and applying time and cost networks
  • Proficient in preparing for management reports defining problem, evaluation and possible solution
  • Adept at studying information and selecting plan from competitive proposals
DESIRABLE COMPETENCIES 1
  • Sharp analytical and organizational skills
  • Ability to multitask and perform under deadlines
AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES 

MBA colleges across India

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS 

SAMPLE OF TRAINING AND LEARNING COURSES 


CAREER PROGRESSION PATH 1

Research Associate → Operation Research Analyst → Research Manager

The progression is indicative

EXPECTED EARNINGS 3
  • For candidates with experience - Rs 25, 000 to Rs 33, 000 per month
These figures are indicative and subject to change
REQUIRED WORK EXPERIENCE 2

Generally, 1 - 6 years of experience required

PROBABLE EMPLOYERS 2
  • Banks
  • Financial institutions
KEYWORDS 
  • Operation Researcher
  • Operation Research Analyst
OCCUPATIONAL CODES AND STANDARDS 
StandardCodeDescription
NCO 20152120.0500Operation Research Analyst
ISCO 20082120Mathematicians, Actuaries and Statisticians
NIC 200872100Research and experimental development on natural sciences and engineering
QP ReferenceNot availableNot available
NSQFNot availableNot available
REFERENCES 
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