152: This is How Much $$$ You ACTUALLY Make as a Data Analyst
In this episode I'll show you what it takes to land data analyst jobs! I'll provide in-depth insights and tips for six data analyst positions with salaries ranging from $35K to $200K-- and why should you apply even if you don't meet all the requirements.
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β TIMESTAMPS
Data Analyst Jobs: How Much $$$ Could You ACTUALLY Make???
00:00 - Introduction
00:21 - Data Analyst Job #1: Data Specialist ($35k)
04:00 - Data Analyst Job #2: Business and Data Analyst ($55k)
07:48 - Data Analyst Job #3: Data Visualization Analyst ($75k)
10:21 - Data Analyst Job #4: Senior Financial Analyst ($90k)
13:04 - Data Analyst Job #5: Senior Investment Operations Data Analyst ($125k)
14:35 - Data Analyst Job #6: Business Intelligence Engineer ($107k to $189k)
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Transcript
I'm about to show you what a 200, 000 data analyst job looks
2
:like and what it takes to get there.
3
:In this episode, I'll explore
six different data analyst
4
:jobs ranging from 25K to 200K.
5
:I'll explain what they pay.
6
:What you need to do to be qualified
and how you can actually land the job
7
:starting with the lowest paying data
analyst job that I could find job number
8
:one is located in Fresno, California,
and it pays drumroll please only 35, 000
9
:well technically it pays 17 and 69 cents
an hour and it's for a data specialist
10
:role for an analytics firm in California
called Avenue Insights and Analytics now
11
:technically this Is a data specialist
role, which isn't really quite a data
12
:analyst role, but often it's like the
job right below a data analyst, you'll
13
:still be doing some sort of analysis
and analytics, but it's also mixed with
14
:some manual analysis, like looking at
things or some sort of data entry or
15
:data validation or something like that.
16
:The good news about that is it has
less requirements and we'll get to
17
:those requirements here in a second.
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:But the bad news is it doesn't pay great.
19
:You can honestly make more starting out
as a cashier at Bucky's than this job.
20
:But, but, but this job would help you
get some relevant data experience on
21
:your resume, which is very beneficial.
22
:That would make landing a data
analyst job down the road.
23
:a lot easier.
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:Anytime you can get the word data
on your resume, it is a good thing.
25
:So at this job, you'd basically
be ensuring data accuracy, finding
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:leads from tax sheets and making
corrections for state and local
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:governments, because that's actually
what this analytics firm does.
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:It comes into your state or local
government and does some basic
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:revenue and operations analysis.
30
:for these local entities.
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:Fun, I know.
32
:In terms of requirements, they are
looking for someone with an associate's
33
:degree, attention to detail, and
some sort of ability to do some sort
34
:of analysis and think critically.
35
:This job also strangely requires
you to be bilingual with Spanish and
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:English, which seems a little bit
more specialized and niche than usual.
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:Pero si puedes hablar
espanol, You're good.
38
:Like I said, it's in
California and it's on site.
39
:So even though it doesn't require a
lot of previous experience, I think
40
:they're going to have a hard time filling
this role because the pay isn't great.
41
:It's on site and there's that
strict bilingual aspect that
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:it's going to make it really
difficult to find the right person.
43
:I personally think that this
role should pay more like
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:something around 50, 000 per year.
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:Not 35, by the way, all of these six
jobs that we're looking at today,
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:I found on my own data job board.
47
:It's called find a data job.
48
:com and it's a hundred percent free.
49
:It has a great search and filter
widget on the left hand side that
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:allows you to search by title,
company, salary, remote jobs.
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:So if you're looking for a place
to find less competitive data
52
:jobs in the U S and Canada, be
sure to check it out, find a job.
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:com a hundred percent free.
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:And just a real quick note requirements on
job descriptions, in my opinion, are more
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:like wishlist than actual requirements.
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:Basically it's a way of companies
saying like, this is what we'd want in
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:a perfect world with perfect candidates.
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:But in reality, they're not even really
likely to find one person that has.
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:All of those requirements.
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:And if they did the salary that they have
listed on the job description or that
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:they've allocated in the budget probably
isn't enough to properly compensate
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:this absolute unicorn of a data analyst.
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:So my personal recommendation and you're
welcome to follow it or not is whenever
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:you're looking at job descriptions is
to kind of look at them with blurry
65
:eyes, like kind of squint your eyes
at it and look at the descriptions.
66
:If you fit.
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:Say 60%, 70%, 55 percent
of the requirements.
68
:And you're actually like
interested in the job.
69
:Like genuinely, I think you should apply
because you never know what might happen.
70
:And honestly, the hiring manager who
rejects you the most is actually yourself.
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:So go ahead and hit apply anyways.
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:Okay.
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:Job number two is located in
the great town of Pickerington.
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:Ohio.
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:And now I don't actually
know if it's a great town.
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:I've never even been to Ohio, but
doesn't it just have like a lovely
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:name and sound like a great place.
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:Now, job number two, it is a business
and data analyst role for the
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:American motorcycle association.
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:And how freaking cool is that to work
for the AMA, especially if you ride
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:a motorcycle, it sounds pretty cool.
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:In my opinion, like.
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:Fun job.
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:This job pays between
55 and 60, 000 per year.
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:And if you heard me say that title and
you were kind of like, what the heck
86
:did he just say, then you are correct.
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:Because a business and data analyst
title is a very interesting title.
88
:It's not really one
that I've heard or seen.
89
:Very often, or actually ever, it's usually
just like business analyst or just data
90
:analyst, or maybe like business data
analysts combined in some cases, but
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:certainly not business and data analysts.
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:That's sort of weird.
93
:In fact, I search LinkedIn jobs to see
if I could find a similar titled role.
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:And sure enough, there was absolutely no
matches, at least in the market right now.
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:And that made me even more curious.
96
:Cause it's like, what the
heck is going on here?
97
:So I went to the American motorcycle
associations, LinkedIn page and went to
98
:the people tab and searched for analysts,
by the way, side note, this is an
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:absolutely great way to network and try to
learn who actually is already inside the
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:company and who might be able to give you
a referral for any jobs that you apply.
101
:But when I searched for analysts.
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:Sure enough, like no one popped up.
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:And I think that there's no actual
data analyst or business analyst
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:working at this company right now.
105
:This very well might be this company's
first day to hire, or at least first
106
:in a while, I obviously can't be
a hundred percent sure here, and I
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:could be wrong, but based on the very
strange title and no other analysts
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:that I could find on LinkedIn,
working for this company, my guess is.
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:They don't really know what they
want or exactly what they're doing.
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:Once again, I could be wrong, but that is
my gut feeling that this company is kind
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:of new in the data maturity space, but
that's my gut feeling that this company
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:is kind of new to the whole data thing.
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:All right.
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:Regardless in this role, you'd be working
with stakeholders to maintain and analyze.
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:data to identify trends and to
work on some business processes.
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:They are asking for a bachelor's
degree in business or computer science
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:or analytics or something similar.
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:And they also want one to three years
of experience in some sort of analytics.
119
:They want you to be proficient in
Excel, SQL, Power BI, or Tableau.
120
:And once again, when they're
saying Power BI or Tableau.
121
:Or even like having Excel,
SQL, Power BI, and Tableau be
122
:all in the same sentence here.
123
:It's kind of hinting that they don't
have a very mature data team because
124
:like just take Power BI and Tableau, for
example, usually a small company like
125
:this, it only has like a hundred employees
would only have Tableau or Power BI.
126
:Not really both large companies.
127
:They often have both.
128
:But they're both very expensive.
129
:And so smaller companies
usually pick one or the other.
130
:Now it's not always the case,
but that is my gut feeling.
131
:And so they probably don't
know which one to choose.
132
:And so maybe that would be something
that you would influence them on.
133
:Now, if you're learning Tableau,
learning Power BI isn't hard.
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:Like you'll be able to figure it out.
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:And sometimes I feel like companies
maybe list Power BI or Tableau
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:because they're like, if you know
one, you'll figure out the other, but
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:I think that's actually pretty rare.
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:And I don't think that's
what's happening here.
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:Anyways, this is a onsite role as
well, and it's quite a bit lower
140
:than the average data analyst salary
in the U S which is around 82, 000.
141
:They're requiring a bachelor's degree,
one to three years of experience, and
142
:the pay is a bit low for all of that.
143
:So despite that, I think
you should apply anyways.
144
:If you think that you fit maybe like
60 percent or maybe even 50 percent of
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:the requirements for this job, the pay
that they're listing is much more entry
146
:level than their actual job description.
147
:And with their data maturity
being probably pretty low, you
148
:might be surprised on the bites
that you could possibly get in
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:applying for a job like this.
150
:All right, next we have job number three.
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:This is the 75, 000 job and
it is in Woodridge, Illinois.
152
:It's for a company called
Mahoney Environmental Solutions.
153
:And this job is right around the average
data analyst salary between 72 to 77, 000.
154
:The title of this role is
data visualization analyst.
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:And now I purposely chose different
titles for each of these six jobs that
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:I'm showing you, just to illustrate that
if you're only looking for data analyst
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:roles, you're probably missing out on
like more than half of the job market.
158
:But I really do like this role.
159
:I think it is quite interesting.
160
:Now this company Mahoney
environmental solutions.
161
:They're pretty interesting too, because
at first I was like, okay, environmental
162
:company, they probably do something like
climate change or water purification
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:or like toxic something or other.
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:Right.
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:But after looking at their
website, I was totally surprised.
166
:And I think you'll be surprised as well.
167
:It looks like they basically specialize
in one thing and only one thing,
168
:which is removing used cooking oil.
169
:And I think that just goes to
show that you can land a data job.
170
:A data role in any industry for
any company that does all sorts
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:of different things, right?
172
:Like from Chuck E.
173
:Cheese to Apple.
174
:I don't know.
175
:Sometimes we just think that like,
Oh, it's only Facebook or that hires
176
:like data analysts, but like even this
company that's just doing like grease
177
:removal, they'll hire data analysts.
178
:So interesting.
179
:Data is literally everywhere.
180
:You guys, you just got to look for it.
181
:This role based on the description
sounds like you'd be building a
182
:lot of power bi reports on the
operation side of the business.
183
:It actually is quite a big business.
184
:They have lots of
locations all over the US.
185
:It does sound like there is some sort
of queries that may or may not need
186
:to be written to join a bunch of their
data sets together in order to visualize
187
:it in power bi requirements wise.
188
:You're looking at Two plus years of
experience with Power BI, DAX, and SQL.
189
:And they also say that
Python is preferred.
190
:They do mention that they're looking
for someone with a BS in data science,
191
:computer science, or a similar field.
192
:Once again, you need to look at, or I
guess really in your case, hear all those
193
:job descriptions with your eyes squinted.
194
:This is just a wishlist.
195
:For unicorn divide everything by two.
196
:And if that's you apply, if you
have any bachelor's degree at all, I
197
:personally think that fits the similar
field requirement for the education.
198
:And I say, apply, go for it.
199
:To me, this role is a bit
more than an entry level role.
200
:So I think the pay should honestly
be closer to about 90, 000.
201
:Here, but it does seem like
a pretty interesting job
202
:for an interesting company.
203
:So if you're in an Illinois, this might be
a good fit for you moving on to job number
204
:four, and it's actually right next door
to job number three in Chicago, Illinois.
205
:And it's with the Griffin museum of
science and industry, which who knew
206
:it is the largest and most interactive
science museum in the Western hemisphere.
207
:Pretty cool, right?
208
:Once again, like what a crazy company
and what an interesting industry.
209
:I would never have thought that
like museums are going to hire data
210
:analysts, but apparently they do.
211
:This role is for a senior financial
analyst role, and it pays just shy
212
:of a hundred thousand dollars salary
range is between 90 to 95, 000.
213
:And you'll notice if you're paying
attention that we've actually crossed
214
:into the senior role territory.
215
:And now just because a role is senior
doesn't mean that it's going to pay
216
:more than like a non senior role.
217
:There are lots of different factors
like where you're located, what your
218
:experience is, what the company does, what
industry they're in, so on and so forth.
219
:With that senior jump.
220
:We also are making that six figure jump,
or at least we're getting close to it.
221
:In this role, you'd be managing all of the
financial and planning for the company.
222
:You'd be reviewing budget reports,
doing some pricing analytics
223
:and predicting future revenue.
224
:If you're accountant or you've worked in
banking or any sort of like financial role
225
:in the past, this type of role, like a
financial analyst role would be an awesome
226
:fit for you with your previous experience.
227
:Now I will say.
228
:The requirements for this
role are pretty crazy.
229
:It has the most strict and the highest
bar of requirements, which is a bit
230
:weird considering we still have the
125, 000 job and the 200, 000 job left.
231
:They want a bachelor's degree
in finance or accounting.
232
:Okay.
233
:That's fine.
234
:That's standard, right?
235
:But with six to eight years
of related experience, plus
236
:they say public accounting
experience or an MBA are a plus.
237
:And in terms of what skills they're
interested in, they want power BI SQL and
238
:advanced Excel financial modeling skills.
239
:And just as a side note here, and pretty
interesting one as well, this is the
240
:only time a graduate degree will be
mentioned in any of the job descriptions
241
:that I read today, even the 200, 000 job.
242
:So if you're considering a master's
degree, just know that anecdotally
243
:out of the six jobs that we randomly
pulled today, a master's degree was
244
:only mentioned once and it was mentioned
as a plus, not as a requirement.
245
:Now back to the job as a common trend.
246
:The pay is a bit low for what's
being required, especially
247
:if you already have an MBA.
248
:But one thing to consider here and for all
these jobs as well is the cost of living.
249
:One of my favorite tools is the cost of
living salary calculator from NerdWallet.
250
:It lets you put in your current salary
and your current location and where your
251
:new location would be and it would display
what the actual salary would be according
252
:to the cost of living in that new place.
253
:So this job would be six figures.
254
:If it was in say, California, now
we've officially crossed the six
255
:figure mark and we are moving to
our 125, 000 job or job number five.
256
:And it's in the sunny state of California
in the beautiful city of Newport beach.
257
:It's a senior investment
operations data analyst.
258
:That is a mouthful with Pacific life
insurance company and it pays between
259
:111, 000 and 135, 000 per year.
260
:Now you've maybe heard of this company
before and in the name it's evidence
261
:it it's a life insurance company.
262
:So analytics is really important because
this business, this whole industry.
263
:It's basically one big math problem, the
odds of you dying and how much the payout
264
:would be to your benefactors, so on and so
forth, based off previous conditions and
265
:your current health in this role, you'd
actually be analyzing more financial data,
266
:a lot of financial data in this video.
267
:Don't know why you'd be
creating and redefining
268
:dashboards for all of that data.
269
:Talking to stakeholders, validating the
data for accuracy and consistency as well.
270
:They're asking that you have a bachelor's
degree in finance or the famous line here,
271
:similar field or equivalent experience and
five plus years of experience with SAP,
272
:Power BI, Power Query, Excel, and SQL.
273
:Remember guys, squint at these.
274
:Don't take it word for word.
275
:I actually think this pay is
honestly pretty realistic.
276
:I think it's pretty fair.
277
:Maybe they should add on an extra
10, 000 because cost of living
278
:in California is quite high, but
I actually think especially the
279
:upper end is fairly reasonable.
280
:And I actually think that you
could land this role with three
281
:years of experience, not the five.
282
:Once again, that's how I'd
personally squint at this role.
283
:And I would apply if I had
three plus years of experience.
284
:Surprisingly, this role also requires
more experience than our last and
285
:sixth job does pay nearly 200, 000.
286
:It's just down the road in
Santa Monica, California.
287
:And it's a company that you've.
288
:Definitely heard of
and probably used snap.
289
:Yep.
290
:Snapchat, you know, the app that
all the teenagers use to like
291
:send those like pictures of their
faces and say, Hey, what's up?
292
:What are you doing?
293
:Nothing much.
294
:Yeah.
295
:That company, this is a business
intelligence engineer role.
296
:And it actually pays and get ready
here because this is a big range.
297
:It pays between 107 and 189, 000 per year.
298
:I was right, right?
299
:That's a huge range.
300
:And why is it?
301
:Well, it's because this role might be
remote friendly in California and Arizona.
302
:I'm not actually sure the job description
is very confusing, but snap as a
303
:company actually has what's called
geographic pay zones that vary your
304
:salary based on where you're located.
305
:So if you're located in Washington or
California or New York city, you'll
306
:get paid in the a zone, which is the
most if you're in Austin, Chicago,
307
:Colorado, and a bunch of other States.
308
:You are in the B zone and all the rest
of us are in the C zone, the lowest pay.
309
:Now you'll notice that this is our
first job description that we've
310
:had in the tech industry, right?
311
:We did the analytics firm, a
motorcycle club, the grease for moving
312
:service, a museum and life insurance.
313
:And now we are in software.
314
:We're in apps.
315
:We're in like.
316
:Tech, right?
317
:That's one of the reasons
you'll see a high pay because
318
:tech does have high salaries.
319
:That's partially because they're really
like in Seattle or LA or San Francisco.
320
:And the cost of living in those areas
is quite big, but also this role
321
:doesn't have a huge barrier to entry.
322
:They're only asking for a bachelor's
degree in computer science,
323
:math, physics, or related field.
324
:That's what they all kind
of have asked for, right?
325
:Or equivalent years of
experience, whatever that means.
326
:But they're only really asking
for three years of experience.
327
:And minimum, you should
know SQL and Python.
328
:One thing that I really liked that Snap
did with this job description, and this
329
:is becoming more popular, but still a
lot of companies aren't doing it, is
330
:they put the minimum qualifications.
331
:And then the preferred qualifications.
332
:Like I said, not a lot of companies are
doing this, but it makes the process
333
:for the job seeker so much easier.
334
:Like that whole squinting
thing I talked about basically
335
:doing the squinting for you.
336
:It's telling you what you need to
know and where you can get a leg up.
337
:If you do know any of these things
for this particular job and the
338
:preferred section, they're asking
for experience in big query, get
339
:airflow and ETL type processes.
340
:And in terms of salary, I feel
like this is a pretty fair salary.
341
:I mean, obviously it's a huge
range, but with three plus years
342
:of experience, I do think it is.
343
:Pretty good.
344
:So there you have it.
345
:Our six different salaries ranging from
35, 000 all the way to 200, 000 per year.
346
:Now I can already hear some of you guys
in the comments asking, you know, all
347
:these jobs that we looked at ranging
from 35, 000 to 200, 000 a year, they
348
:all required some college degrees.
349
:Most of them bachelors.
350
:You're probably going to ask, are there
any jobs that don't require degrees?
351
:And the short answer is yes, there are.
352
:They are less common, but they do exist.
353
:I actually made this playlist here
with some interviews of people who
354
:were able to land jobs without degrees.
355
:It'll be right here on your screen,
or if you're an audio listener, it'll
356
:be in the show notes down below.
357
:And the other half of you are
probably going to comment in the
358
:comments, you know, where do I start?
359
:What skills should I start with?
360
:What should I be focusing on?
361
:And I have a great episode for you here.
362
:That will help you get started learning
your tech skills, where to actually start.
363
:So just click right here, or you
can find it in the show notes.
364
:Thanks for listening.