Research Analyst

Research analysts must carefully examine data and produce meaningful information for their employer. This can involve not only drawing meaning from the data, but also checking to make sure the data is correct and using it to validate ideas and theories. When not examining or verifying information, a research analyst must work with their superiors to demonstrate what they have learned from their data and how it can be applied in the future for their business.

Research analysts can be found in both the private and public sectors and are necessary for most financial businesses to operate successfully. Depending on the company and field, a research analyst can find themselves looking over data for any number of things. Research analysts rarely work alone; in most cases, multiple analysts are examining and verifying data.

Research analysts should have a bachelor’s degree in accounting, business, or a relevant field; they may also benefit in additional education in the sector in which they work. In addition to analyzing data, a research analyst reports their findings to their company regularly, so they should be well versed in creating and giving presentations.

As a Research Analyst with 0-3 years of experience in Singapore, your main responsibilities include:

• Conducting market research to gather data on industry trends, competitors, and customer behavior. Gather and analyze data on market trends, competitors, and consumer preferences to provide insights for decision-making.
• Supporting the development and execution of research projects, including data collection, analysis, and reporting. Assist in collecting, analyzing, and interpreting research data to support business objectives and decision-making processes.
• Assisting in the preparation and delivery of research findings to internal stakeholders. Assist in preparing and presenting research findings, including reports and presentations, to communicate insights and recommendations effectively.
• Collaborating with the team to identify research opportunities and contribute to the continuous improvement of research methodologies.

For a Research Analyst job role, the following qualifications are required:

• Strong research abilities to gather, analyze, and synthesize relevant data from primary and secondary sources, ensuring accurate and comprehensive research outcomes.
• Proficiency in statistical analysis software and methodologies to process and interpret data, identifying trends, correlations, and patterns.
• Excellent critical thinking and problem-solving skills to generate insights and recommendations based on research findings, contributing to informed decision-making.
• Effective communication skills to present research findings in a clear and concise manner, both verbally and in written reports, facilitating effective knowledge transfer and stakeholder engagement.

The role of a Research Analyst is crucial in analyzing data and providing valuable insights. For individuals with 0-3 years of experience in Singapore, here are following alternative roles to consider:

• Market Research Associate: A position that involves conducting market research, analyzing trends, and providing reports to support business strategies.
• Data Analyst: A role focused on collecting, interpreting, and presenting data to help businesses make informed decisions.
• Investment Analyst: A position that involves analyzing financial data, evaluating investment opportunities, and providing recommendations for investment portfolios.
• Business Intelligence Analyst: A role that involves gathering and analyzing data from various sources to identify patterns, trends, and insights that drive business growth and efficiency.

The research analyst role in Singapore is expected to experience significant growth in the coming years. The market is expanding rapidly, creating numerous employment opportunities in this field. According to a 10-year analysis, there is a steady increase in demand for research analysts, indicating a positive growth trajectory. Employers are increasingly recognizing the value of data-driven insights, leading to a surge in demand for professionals in this role. With Singapore being a thriving hub for business and technology, the projected growth of research analyst positions is expected to be robust in the future.