Quantitative research is pivotal in unlocking data-driven insights and strategies for businesses. This increased reliance on data analytics is fueling substantial demand for quantitative market research jobs across industries in Singapore. Read on as we explore critical details about salaries, roles, skill requirements, career progression and other frequently asked questions for quantitative market research jobs.
Salaries for Quantitative Market Research Jobs
Landing a quantitative market research job in Singapore can be highly rewarding, with attractive salary packages. Quantitative researcher salaries typically range from S$3,500 to S$8,000 monthly. Those in senior or specialist roles, like analytics managers, can earn over S$10,000 monthly.
Common Quantitative Market Research Job Roles
Some typical quantitative market research jobs in Singapore include:
Quantitative Research Analyst
Collect, clean and analyze data to uncover insights. Proficient in statistics, programming and tools like SPSS, SAS, R, SQL, Tableau, etc.
Data Scientist
Develop predictive models and algorithms to solve business challenges using techniques like machine learning and AI. Advanced expertise in programming and math/stats.
Business Analyst
Understand and translate business objectives into quantitative analysis needs. Analytical and able to communicate insights to stakeholders effectively.
Analytics Manager
Lead analytics/quantitative research teams and projects. Strong leadership, project management and commercial acumen.
Important Skills and Qualifications
To secure and excel in quantitative market research jobs, the following skills and qualifications are highly valued:
- Degree in Statistics, Mathematics, Economics or Computer Science
- Programming – Python, R, SQL
- Stats knowledge – Statistical modelling, testing, techniques
- Tools & Software – Excel, Tableau, PowerBI, SPSS, SAS
- Communication and storytelling
- Critical thinking and business acumen
Relevant quantitative market research courses like data analytics certifications can also boost one’s employability significantly.
Career Growth Prospects
The high demand for data-driven talent has created abundant opportunities for career progression in quantitative market research. With some years of experience, quantitative researchers can advance to senior analyst, team lead or management roles with expanded responsibilities and remuneration.
Beyond technical job families, quantitative skills are also highly valued in related domains like market research, business consulting, product management and marketing – where starting salaries can range from S$4,000 to over S$6,000 monthly.
Conclusion
With businesses relying increasingly on data-driven decisions, quantitative talent is highly sought today. Quantitative market research jobs offer attractive salary packages and abundant headroom for taking on more significant responsibilities. By pursuing relevant degrees, skills and experience – professionals can tap into the strong demand for quantitative roles across sectors.
FAQs
Here are answers to some frequently asked questions about quantitative market research jobs:
1. What degree do I need to become a quantitative researcher?
A bachelor’s degree in statistics, mathematics, economics, computer science or other quantitative disciplines is ideal. Relevant quantitative market research courses also help.
2. How can I upgrade my skills for quantitative roles?
Pursue part-time certifications in analytics, data visualization, programming, machine learning, etc. Building real-world project experience also matters.
3. What is the career growth like?
Strong demand has created abundant headroom for career development from analyst to senior, lead and management levels with attractive salary increments.
4. What sectors hire quantitative talent?
Banks, consultancies, market research agencies, e-commerce, logistics, pharmaceuticals, and the government are the top companies.
