The demand for analysts in the UK has seen significant growth as businesses understand the need for greater consumer and market intelligence in their own specific sector. This growth has lead to a rise in analytical graduate careers. Surveys of UK business including healthcare, pharmaceutical, energy and retail, found that eighty nine percent of businesses agreed analysis was vital or at least very important for their organisation. In short, analysis is a company's "eyes and ears", providing market and consumer data central to all business strategy.
The purpose of analysts in industry is to supply market research, business intelligence and management consultancy to an extended range of stakeholders. Typically analysts work in a specific segment of industry researching the broad development of that market and identifying the opportunities and risks within it. Today no industry is exempt in its need for analytical expertise, with growth in career opportunities seen in all industries.
Average Analytical Graduate Salary
Analytical Graduate Career Path
A successful analytical graduate career will see a graduate become an industry expert. Graduates will become capable of providing consultancy to organisations within that specific sector in all aspects of their dealings with the market. As a result, graduates will become highly valued sources of information and offered good packages to join companies working in their specialist field.
The Graduate Recruitment Bureau is currently recruiting for graduate analytical careers within digital marketing, market research, retail, FMCG, energy, commodity, IT and financial organisations.
Qualifications and Skills Needed
What proportion of candidates as a percent we place into Analytical graduate careers and the typical qualities graduate employers look for.
GRB Placements for Analytical by Degree
Typical Candidate Attributes
Graduate recruiters seek thorough individuals and often strong numerical skills. In addition to good UCAS points, successful graduates are generally required to hold a 2:1 in a strong bachelor of science degree. Relevant degree background include: Physics, Engineering, Business, Mathematics and Economics. Psychology, History and Geography graduates are also favoured.
Within assessment stages, graduates are required to demonstrate:
- The ability to understand data and identify trends;
- Strong verbal and written communication skills and therefore, the ability to communicate findings into a business case;
- Good presentation skills and the ability to present data in layman's terms.
Overall, successful candidates tend to be strong all-rounders who are naturally inquisitive.
Graduate analyst roles are available both in-house and in consultancy establishments. The recruitment process will vary, but most will accompany verbal reasoning and numerical testing with a competency-based interview.
Sources for Further Information
Chartered Financial Analyst Institute www.cfainstitute.org
Association of Public Analysts www.the-apa.co.uk
Kirsty, University of Reading
"I left university knowing that I wanted to go into a marketing agency. Having done my work experience year at a large technology corporation, although the big corporate grad schemes were attractive packages, I knew that the environment wasn't for me. I wanted to work somewhere fun, fast paced and exciting. My job search when finishing university wasn't easy, but eventually I found a job at a small local marketing agency in Reading. My job role was 'Project Manager' and I was responsible for running campaigns for clients in the small B2B arena across industries such as IT, Hospitality, Law, Pharmaceuticals and many more.
It was a small agency with less than 10 employees, which meant that I could try a bit of everything and get a real feel for how to run a business. I was thrown in at the deep end when it came to workload - I wanted to impress and as I was doing well, I was just given more and more work. Although I was given a great opportunity and really enjoyed working across so many clients, I was starting to feel overwhelmed with the workload and responsibility given to me. I didn't have any training and although I was doing well, I knew I could do better with the right guidance.
After 6 months there, I moved to a new company. They were a much bigger agency, working across several large IT clients. The experience is entirely different as I am now given far less responsibility and far more support and guidance. Sometimes I struggle with impatience, as I know I can do more, but I also know that I will prove myself over time, and be given more responsibility where due and when I have had enough experience to do the best job I possibly can. My time at the first agency wasn't easy, but gave me invaluable experience and a way into the advertising industry - for anyone who is willing to put the hours in and work on really exciting work a small company is a really great place to work."
Jyoti, University of Manchester
"My final year dissertation was on the subject of 'Information and Communication Technology - a Global Analysis' focusing on fibre optics and my first job following graduation from my sandwich degree was in a notable telecommunications company in the North West of England where I was to become a medalist in graduate training. My first interview for the role of Purchasing Analyst was at the Summer Fair (where recruiters come to campus to evaluate the suitability of final year students for positions in their companies.) Following success at first interview I was invited for a second interview at the organisation.
The position of Purchasing Analyst was new to the company. My duties included the monitoring of buyers' performance, keeping contracts between buyers and vendors, vendor performance reviews, and the provision of a liaison role in the implementation of electronic data interchange. Multi-utility statistical and graphical computer packages were used to depict trends in performance. The results were discussed in regular meetings between my line manager and his managers. I represented my company in discussions with vendors and also conducted site visits with sister companies.
I developed an interest in computing and gained a secondment to the I.T. department where I was responsible, as Analyst/ Programmer, for the development and delivery of courses in Office Automation. I trained staff from a range of departments including Engineering and Marketing and developed a technical reference library and Personnel training database. I was nominated Team Leader, responsible for a communications project, the results of which were delivered to the Board of Directors and implemented."