Quantitative Research Specialist in Idaho Career Overview

As a Quantitative Research Specialist, you play a significant role in the realm of research and data analysis across various industries, including finance, healthcare, and technology. Your primary responsibility is to gather, analyze, and interpret complex data sets to provide insights that guide decision-making processes.

Key aspects of the role include:

  • Data Analysis: You utilize advanced statistical techniques and tools to extract meaningful data patterns that inform strategic plans and operational improvements.

  • Model Development: Your expertise allows you to develop quantitative models that forecast trends, assess risks, and evaluate outcomes, providing your organization with a competitive edge.

  • Collaboration: You often work closely with cross-functional teams, including data scientists, economists, and business analysts, ensuring that the insights derived from your work are effectively integrated into broader initiatives.

  • Reporting and Communication: Presenting your findings in a clear and impactful way is essential. You prepare reports and visualizations that convey complex ideas to stakeholders who may not have a technical background.

  • Continuous Improvement: Your role involves staying updated with industry trends and advancements in analytical methodologies to enhance your research's effectiveness and relevance.

This career is vital in fostering data-driven culture within organizations, leading to informed decision-making and strategic development. The insights provided by Quantitative Research Specialists influence key business strategies, enhance operational efficiencies, and contribute to long-term sustainability.

Quantitative Research Specialist Salary in Idaho

Annual Median: $62,420
Hourly Median: $30.01

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become a Quantitative Research Specialist in Idaho

To pursue a career as a Quantitative Research Specialist, you typically need to achieve specific educational qualifications. The following degree programs provide a strong foundation for this role:

  • Applied Mathematics

    • Focuses on mathematical techniques and their application to real-world problems.
    • Includes coursework in differential equations, linear algebra, and optimization.

  • Computational Mathematics

    • Emphasizes the development and use of numerical computations in various applications.
    • Covers topics such as algorithm design, numerical analysis, and computer programming.

  • Econometrics and Quantitative Economics

    • Combines economic theory with statistical methods to analyze economic data.
    • Involves courses in regression analysis, time series analysis, and advanced econometric methods.

  • Statistics

    • Provides a comprehensive understanding of statistical methods and data analysis.
    • Features courses on probability theory, inferential statistics, and experimental design.

  • Data Science

    • Integrates statistics, mathematics, computer science, and domain expertise to extract insights from data.
    • Includes coursework on data mining, machine learning, and big data technologies.

These educational paths equip you with the analytical and quantitative skills necessary for a successful career as a Quantitative Research Specialist.

Best Schools to become a Quantitative Research Specialist in Idaho 2024

#1Los Angeles County

University of California-Los Angeles

Los Angeles, CA

In-State Tuition:$11,564
Out-of-State Tuition:$41,636
Admission Rate:9%
Graduation Rate:92%
Total Enrollment:46,430
#2Alameda County

University of California-Berkeley

Berkeley, CA

In-State Tuition:$11,564
Out-of-State Tuition:$41,636
Admission Rate:11%
Graduation Rate:94%
Total Enrollment:45,307
#3Santa Barbara County

University of California-Santa Barbara

Santa Barbara, CA

In-State Tuition:$11,564
Out-of-State Tuition:$41,636
Admission Rate:26%
Graduation Rate:86%
Total Enrollment:26,420
#4Cook County

University of Chicago

Chicago, IL

In-State Tuition:$61,179
Out-of-State Tuition:$61,179
Admission Rate:5%
Graduation Rate:96%
Total Enrollment:18,339
#5Yolo County

University of California-Davis

Davis, CA

In-State Tuition:$11,564
Out-of-State Tuition:$41,636
Admission Rate:37%
Graduation Rate:86%
Total Enrollment:39,679
#6New York County

New York University

New York, NY

In-State Tuition:$55,384
Out-of-State Tuition:$55,384
Admission Rate:12%
Graduation Rate:87%
Total Enrollment:59,144
Quantitative Research Specialist Job Description:
  • Plan, develop, or conduct surveys.
  • May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording.
  • Includes social scientists who primarily design questionnaires or supervise survey teams.

Quantitative Research Specialist Required Skills and Competencies in Idaho

  • Quantitative Analysis
    You should possess strong analytical skills to interpret complex data effectively and draw meaningful conclusions from statistical models.

  • Statistical Proficiency
    A solid understanding of statistics, including probability, hypothesis testing, regression analysis, and various modeling techniques, is essential for generating insights from data.

  • Programming Skills
    Proficiency in programming languages such as R, Python, or SAS is necessary to manipulate data and implement statistical analyses.

  • Data Visualization
    Ability to create clear and informative visual representations of data is important. Familiarity with tools like Tableau, Power BI, or similar software will enhance your ability to communicate findings effectively.

  • Critical Thinking
    You need to utilize strong critical thinking skills to evaluate data sources, assess methodologies, and identify potential biases in research.

  • Attention to Detail
    A keen eye for detail is essential to ensure accuracy in data collection, analysis, and reporting.

  • Problem-Solving Skills
    The capacity to apply quantitative methods to solve complex problems, design experiments, and interpret results is key to your role.

  • Communication Skills
    Strong written and verbal communication skills are necessary for presenting research findings to both technical and non-technical audiences clearly and effectively.

  • Team Collaboration
    You should be comfortable working with interdisciplinary teams, as collaboration with other analysts, data scientists, and researchers is often required.

  • Adaptability
    An ability to adapt to new tools, technologies, and methodologies in the ever-evolving field of quantitative research is vital for continued success.

  • Time Management
    Effective time management skills will help you prioritize multiple tasks and meet deadlines within a dynamic work environment.

Job Duties for Quantitative Research Specialists

  • Monitor and evaluate survey progress and performance, using sample disposition reports and response rate calculations.

  • Produce documentation of the questionnaire development process, data collection methods, sampling designs, and decisions related to sample statistical weighting.

  • Review, classify, and record survey data in preparation for computer analysis.

Technologies and Skills Used by Quantitative Research Specialists

Analytical or scientific software

  • IBM SPSS Statistics
  • The MathWorks MATLAB

Data base user interface and query software

  • Database software
  • Microsoft Access

Presentation software

  • COMCON DataFriend
  • Microsoft PowerPoint

Basic Skills

  • Listening to others, not interrupting, and asking good questions
  • Thinking about the pros and cons of different ways to solve a problem

People and Technology Systems

  • Figuring out how a system should work and how changes in the future will affect it
  • Thinking about the pros and cons of different options and picking the best one

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Job Market and Opportunities for Quantitative Research Specialist in Idaho

The job market for Quantitative Research Specialists in Idaho is evolving, reflecting broader trends in data-driven industries. Here are key aspects of the current landscape:

  • Demand for Quantitative Research Specialists:

    • The demand for professionals in this field is being influenced by the increasing reliance on data analytics across various sectors such as finance, healthcare, and technology.
    • Organizations are recognizing the value of data in making informed decisions, leading to heightened interest in hiring experts who can analyze complex datasets.

  • Growth Potential:

    • The growth potential for Quantitative Research Specialists is significant, as businesses continue to emphasize data-driven strategies.
    • Job opportunities are projected to expand, especially due to the ongoing digital transformation that requires advanced analytical skills to interpret vast amounts of data.

  • Geographical Hotspots in Idaho:

    • Key cities such as Boise are emerging as hotspots for Quantitative Research positions, with a burgeoning tech scene and a number of startups looking for analysis expertise.
    • The presence of research institutions and universities in Idaho also contributes to a consistent demand for specialists in quantitative methods.
    • Additionally, sectors such as agriculture and natural resources are increasingly incorporating data analysis, creating additional opportunities for professionals in rural areas.

  • Industry Trends:

    • There is a noticeable trend toward interdisciplinary collaboration, with Quantitative Research Specialists working alongside other professionals such as data scientists, statisticians, and domain experts.
    • Companies are also seeking candidates who can not only provide quantitative insights but also communicate findings effectively to stakeholders.

  • Networking Opportunities:

    • Joining local professional organizations and attending industry conferences can enhance employment prospects, allowing you to connect with potential employers and stay updated on job openings in the region.
    • Engaging in community events related to data science and analytics can also be beneficial for building local networks.

In summary, the job market for Quantitative Research Specialists in Idaho presents promising opportunities driven by an increasing need for data analysis across various sectors, particularly in metropolitan areas and specific industries within the state.

Top Related Careers to Quantitative Research Specialist 2024

Statistical Survey Analyst
Questionnaire Designer
Survey Project Coordinator

Additional Resources To Help You Become a Quantitative Research Specialist in Idaho

  • American Statistical Association (ASA)
    Explore the ASA’s resources, including journals, publications, and educational materials related to statistics and quantitative research.
    American Statistical Association

  • Institute for Operations Research and the Management Sciences (INFORMS)
    INFORMS provides a wealth of resources for quantitative professionals, including publications, conferences, and networking opportunities.
    INFORMS

  • National Institutes of Health (NIH) – Data Sharing Policies
    Review the NIH’s approach to data sharing, which can broaden your understanding of data management in research settings.
    NIH Data Sharing

  • SAS Support and Training
    Access various training resources, tutorials, and documentation for one of the leading statistical software used in quantitative research.
    SAS

  • R Project for Statistical Computing
    R offers extensive documentation, tutorials, and community support for data analytics and quantitative research.
    R Project

  • Coursera and edX Online Courses
    Both platforms offer a variety of courses related to statistics, data analysis, and quantitative research methods from renowned universities.

  • Khan Academy
    Use Khan Academy for foundational courses in statistics and probability that can enhance your quantitative skills.
    Khan Academy

  • Society for Industrial and Applied Mathematics (SIAM)
    SIAM provides journals, books, and professional resources related to applied and computational mathematics, which are critical in quantitative research.
    SIAM

  • American Economic Association (AEA)
    Access resources and publications that are beneficial for those focusing on quantitative research within the field of economics.
    AEA

  • Data Science Central
    This online community and knowledge portal offers articles, webinars, and forums focusing on data science and quantitative research practices.
    Data Science Central

  • LinkedIn Learning
    Explore video courses on data analysis, statistical software, and research methodologies tailored to professionals in quantitative research.
    LinkedIn Learning

  • ResearchGate
    Connect with other researchers and access publications, datasets, and discussions relevant to quantitative research methodologies.
    ResearchGate

These resources will help you deepen your knowledge and stay informed about the latest developments in the quantitative research field.

Frequently Asked Questions (FAQs) About Quantitative Research Specialist in Idaho

  • What is a Quantitative Research Specialist?
    A Quantitative Research Specialist analyzes numerical data to identify trends, make predictions, and inform decision-making in various fields such as finance, healthcare, or social sciences.

  • What educational background is required for this role?
    Typically, you need a bachelor’s degree in mathematics, statistics, economics, or a related field. Many positions prefer or require a master’s degree or Ph.D., especially for advanced research roles.

  • What skills are essential for a Quantitative Research Specialist?
    Key skills include advanced statistical analysis, proficiency in data analysis software (like R, Python, or SAS), strong mathematical skills, critical thinking, and the ability to communicate complex findings clearly.

  • What industries employ Quantitative Research Specialists?
    You can find opportunities in various sectors, including finance, healthcare, education, technology, government, and market research firms.

  • What tools and software should I be familiar with?
    Common tools and software include R, Python, SPSS, MATLAB, and SQL. Proficiency in Excel for data manipulation and visualization is also advantageous.

  • Is experience required to start in this career?
    While entry-level positions may be available for recent graduates, internships or relevant research experience can significantly enhance your employability.

  • What are typical job responsibilities for a Quantitative Research Specialist?
    Responsibilities generally include designing research studies, collecting and cleaning data, performing statistical analyses, and presenting findings to stakeholders.

  • How can I advance my career as a Quantitative Research Specialist?
    You can advance by gaining further education, obtaining relevant certifications, pursuing specialized training, and developing expertise in a specific industry or advanced quantitative methods.

  • What is the job outlook for Quantitative Research Specialists in Idaho?
    The demand for Quantitative Research Specialists is generally strong, driven by the growing reliance on data-driven decision-making across various industries. Research local job listings for a more specific outlook.

  • How do I find job opportunities in this field?
    Utilize job search engines, professional organizations, networking events, and career fairs. Connecting with professionals on platforms like LinkedIn can also lead to job openings.

  • What are common entry-level positions related to Quantitative Research?
    Entry-level roles include Data Analyst, Research Assistant, or Junior Statistician, which can provide relevant experience and skills for advancement.