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By Jeff Kelly, News Editor, 17 Aug 2010 | SearchBusinessAnalytics.com
Looking to hire top-notch data modelers, predictive analysts and other advanced data analytics professionals to beef up your organization's analytics skills? Better get your checkbook ready.
As more and more companies deploy predictive analytics tools and other data analytics software and begin filling the ranks of their analytics team, the pool of available talent is shrinking and hiring costs are growing, according to industry analysts and executives at companies that are in the market for analytics skills.
(Gregory Piatetsky: This August KDnuggets already published a record number of job ads - over 30 - and the month is not over - see www.kdnuggets.com/jobs )
"Workers that have this kind of knowledge are in high demand," said Leslie Ament, an analyst at Hypatia Research LLC, a Lexington, Mass.-based research and consulting firm that specializes in customer data analytics.
As head of strategic risk analysis at New York City-based insurance firm Chartis Inc., John Savage knows firsthand the cost of hiring - and keeping - first-class advanced analytics pros. Savage manages an analytics team of seven people and is looking to grow it - and he has no illusions about what it will take.
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Overall, the average number of job offers per student was 2.3, with 30% receiving three or more offers, Rappa said. And the positions offered - ranging from business analyst to director of quantitative analytics - pay what graduates of MBA programs are used to getting. The average salary offered to this year's graduates, according to Rappa, was $94,000, including signing bonuses.
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