Due to its high demand and lucrative opportunities, big data analytics is now the most sought-after career option for students in the USA. According to IBM, big data analytics jobs in the U.S. will continue to grow more rapidly, around USD 924.39 billion by 2032. Aiming to pursue a bachelor’s in Data Science or a master’s in Big Data Analytics then this is your best bet option right now for claiming your spot in big data positions.
In this blog, we will explore a student who chose this as their career path in the USA – How it helps them! Their educational pathways, job opportunities, salary packages, and more will be revealed here.
Overview of Big Data Analytics
Before delving into more about how big data analytics are paving the way for modern science and technology, let’s explore its meaning first what does big data analytics means. Big data analytics is a process where a large set of data are analysed to disclose its patterns, upcoming trends, and associations related to human behaviour and interactions.
Big data is processed by using relational databases to employ the relational model, such as SQL-based databases like MySQL, PostgreSQL, and Oracle to organize the data in a structured way. Using advanced analytics techniques such as machine learning, data mining, and predictive analytics helps the organization to analytics on big data to boost operation efficiency and drive innovation.
Educational Pathways
Students who choose a career in Big Data Analytics need a strong, solid educational foundation. Here are the key educational pathways:-
- Bachelor’s Degree:
Many universities in the USA, such as the Massachusetts Institute of Technology (MIT), Stanford University, Harvard University, and Georgia Institute of Technology, offer bachelor’s degrees in Data Science, Computer Science, or related fields.
- Master’s Degree:
A Few universities the University of California, Berkeley, Carnegie Mellon University, New York University (NYU), and the University of Chicago, offer advanced programs in data science, business analytics, or a comparable discipline preparing students for higher-level positions.
- Online Courses and Certifications:
Also, students can choose an online platform for courses and certifications, such as Coursera, edX, and Data Camp, which provide courses and certifications in Big Data Analysis tools and techniques.
Key Skills Required
To get big data analytics jobs in the U.S., students acquiring these skills is very important, and they can stand out in their jobs aspects such as:-
- Statistical Analysis:
Students should learn statistical analysis of the data pattern to make informed decisions. They must be proficient in probability and mathematical modelling.
- Programming Languages:
Students has to be acquainted with programming languages like Python, R, SQL and more. These programming languages are most commonly used by data analysts in various leading organisations.
- Big Data Tools:
Students should gain hands on experience in using various big data tools like Hadoop, Spark, and Tableau to provide insights from large data sets.
- Machine Learning and AI:
Students needs to learn advanced machine learning algorithms and make predictions on data.
- Data Management and Ethics:
Students has to be aware of various data management practices and ethics for handling data responsibly and ethically.
Big Data Jobs Salary Expectations and Growth Prospects the USA
US has huge opportunities with high package in the data analytics sector. The students who immediately pass out from the colleges in this discipline can earn nearly $100,000 or more.
As per the Bureau of Labor Statistics, here are the few types of analysts jobs, their latest pay information, and the job outlook.
Business Analyst
- Average hourly wage: $38.20, ranging from $25.00 to $70.00
- Average annual salary: $79,456
- Highest paid location: San Francisco, with an average hourly wage of $55.30
- Growth: By 2031, business analyst profile is expected to grow at a faster-than-average rate of 14%, according to the BLS.
Management Reporting Analyst
- Average hourly wage: $42.50, ranging from $30.00 to $75.00
- Average annual salary: $88,320
- Highest paid location: Chicago, with an average hourly wage of $60.00
- Growth: By the year 2031, this profile is expected to grow at an average rate of 8%, according to the BLS.
Corporate Strategy Analyst
- Average hourly wage: $50.00, ranging from $35.00 to $85.00
- Average annual salary: $104,000
- Highest paid location: New York, with an average hourly wage of $70.00
- Growth: By 2031, corporate strategy analyst jobs are expected to grow at a faster-than-average rate of 12%, according to the BLS.
Compensation and Benefits Analyst
- Average hourly wage: $40.15, ranging from $27.50 to $72.00
- Average annual salary: $83,512
- Highest paid location: Washington, D.C., with an average hourly wage of $58.20
- Growth: By the year 2031, this profile is expected to grow at an average rate of 7%, according to the BLS.
Budget Analyst
- Average hourly wage: $38.95, ranging from $26.00 to $68.00
- Average annual salary: $81,016
- Highest paid location: Boston, with an average hourly wage of $54.10
- Growth: Within 2031, budget analyst jobs expected to grow at a faster-than-average rate of 10%, according to the BLS.
Sales Analytics Specialist
- Average hourly wage: $41.25, ranging from $28.00 to $75.00
- Average annual salary: $85,800
- Highest paid location: Los Angeles, with an average hourly wage of $60.00
- Growth: By 2031, this profile is expected to grow at a faster-than-average rate of 11%, according to the BLS.
Financial Analyst
- Average hourly wage: $45.95, ranging from $28.34 to $81.70
- Average annual salary: $95,570.
- Highest paid location: New York, with an average hourly wage of $67.73.
- Growth: Within 2031, this job profile is expected to grow at a faster-than-average rate of 9%, the BLS expects.
Market Research Analyst
- Average hourly wage: $30.73, ranging from $18.40 to $63.39
- Average annual salary: $78,880
- Highest paid Location: New York
- Growth: By 2031 market research analyst job is to see a growth rate of 19%, the BLS expects.
Management Analyst
- Average hourly wage: $50.32
- Average annual salary: $104,660
- Highest paid Location: New York
- Growth: By 2031 this profile is expected to grow at a faster-than-average rate of 11%, the BLS expects.
Notable Companies Hiring in Big Data Analytics
The top job roles that are discussed above here are recruited in the leading companies in the USA, like:-
- Amazon
- Microsoft
- Wall Street
- World bank
Challenges and Considerations
Every profile has its own sets of pros and cons. Let’s explore some of the challenges big data professionals face in their jobs:
- Extracting insights and handling huge data sets can be a pretty difficult task.
- Ensure security and privacy of the data sets is paramount and in some cases it can be challenging as well.
- Many professionals fail to keep themselves updated with new technologies and tools making them lagging behind.
- Big Data job market has high competition, therefore it is essential for professional to maintain good portfolio, which many fails.
Future Trends in Big Data Analytic
Big Data Landscape if eloving like never before, given below are some of the future trends that we can expect to see in this filed:
- Advancements in AI and Machine Learning
- Growing Importance of Real-Time Data Processing
- Integration of Big Data with IoT
- Increased Focus on Data Security and Governance
Final Thoughts
Big Data analytics filed has a wide spectrum and it is rapidly evolving and growing. Choosing this field offers wide opportunities for the candidates as more and more companies rely on data analysis for organizing and managing their vast data. This blog gives a better overview of how choosing big data analytics as a career path in the USA can be a great option.
FAQs
1. Is data science a good career choice?
Yes, of course choosing data science can be a good option for you because as technology is moving, there is more chance of data generation. Thus, organizations require data analysis to manage their huge data set. As of now the average salary of a data scientist is USD 97,658 per year.
2. How do I be well-versed in big data analytics?
You can become an expert in big data analytics when you are proficient in technical skills, have strong portfolio creation, have more hands-on experience, stay updated on the lasts tools and technology and also apply for jobs.
3. What is the data analytics vs big data analytics?
When aspirants choose a career in data analysis must know its difference data analytics can handle standard data tasks, and big data analytics is required for more challenging and large-scale data scenarios.
