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The Life of a Data Analyst. Data analysts collect, process and perform statistical analyses of data. Their skills may not be as advanced as data scientists (e.g. they may not be able to create new algorithms), but their goals are the same â to discover how data can be used to answer questions and solve problems.
This depends on experience and what type of data analyst you are. According to the Bureau of Labor Statistics (BLS) financial analysts made a median hourly rate of $35.75, or $74,350 annually in 2010.Market research analysts made $29.12 an hour, or $60,570 annually, and operations research analysts made $34.12 per hour, or $$70,960 annually.A bachelor's degree is needed for most entry-level jobs, and a master's degree will be needed for many upper-level jobs.ata analysts translate numbers into plain English Every business collects data, whether it's sales figures, market research, logistics, or transportation costs. A data analyst's job is to take that data and use it to help companies make better business decisions.