Overview
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