Ministry of Business and Innovation - Occupation Outlook

Occupation Outlook | Main MBIE Site

Analysts

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Income
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Fees
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Job Prospects

Job Prospects... At a glance

In general, job prospects for analysts are good. Employment numbers have been growing and are projected to keep growing, especially for analysts working with ICT.
In contrast, job opportunities for policy analysts are more constrained although still positive. The Government funding cap on total public service employment has lowered overall demand for policy analysts, but the moderate turnover for policy analysts means there is still a good number of vacancies.

How to become an analyst

What they do

Analysts gather and analyse information to assist and guide the development, implementation (putting into action) and evaluation of an organisation’s strategy, operations and policies. Analysts work in a wide range of specific positions, for example, as a financial analyst, IT systems analyst or policy analyst. The specific duties and required knowledge varies between the different roles.

Qualifications needed

The qualifications needed to become an analyst depend on the specific job. Usually, analysts require a degree with a significant quantitative component, such as economics or statistics, or a degree that gives specialist knowledge in the object of analysis. In recent years, having a good mix of quantitative and qualitative skills is becoming more and more sought after by employers of some types of analysts.

For example, most policy analyst roles require at least a bachelor’s degree in a subject such as public policy, political science, social science research, history, economics, resource management, or law. ICT analysts usually need a degree in computer science or related subjects. Employers often prefer candidates to have completed a postgraduate qualification, such as honours or a master’s degree.

Cost of study

Bachelor of Arts in Public PolicyBachelor's Degree in Computer Science
$17,300 over three years $20,000 over three years

Average costs in 2015 for a domestic student. Costs vary between institutions. Further costs include materials, textbooks, and accommodation.

Rents vary from place to place. Estimated market rents by region, city and suburb are available on the MBIE Tenancy Services website.

The StudyLink website provides general budget advice for students, and the Sorted website provides help with detailed budget planning.

Tenancy Services: www.tenancy.govt.nz/rent-bond-and-bills
StudyLink: www.studylink.govt.nz
Sorted: www.sorted.org.nz/calculators/money-planner

Where to study

All New Zealand universities have relevant degrees that can lead to employment as an analyst.

Completed qualifications

Many analysts have degrees in business and management, computer science, or information systems. The number of graduates with a bachelor’s degree in these subjects has increased over the last few years, leading to a bigger pool of potential new analysts.

Qualification completions chart

 

Source: Ministry of Education

Income and employment prospects

Income

In 2016, the average income for analysts was estimated to be around $86,000.

Estimated Average Income
$86,000

Source: MBIE estimates based on Statistics NZ Census and Labour Cost Index

Employment and skill shortages

Analysts’ employment

HistoricProjected Growth
2006 2013 2020 2025
12,369 16,002 22,893 28,177
  3.7% 5.2% 4.2%

Source: Statistics NZ Census and MBIE projections. Percentages are compound annual growth rates.
*Growth projections are for the broader category “Business and Systems Analysts, and Programmers”.

The number of analysts has increased quickly over the last few years, and employment is expected to keep growing quickly onwards past 2020 to 2025. Note: employment has grown especially quickly for analysts in IT-related fields, and the projections are based in this subset of analysts.

Employment chart

 

Source: Statistics NZ Census and MBIE projections

Outcomes after qualification completion*

OverseasIn further studyReceiving a benefitIn employmentMedian Salary
14% 15% 3% 75% $48,200

Source: Ministry of Education
*Two years after completion of Bachelor Degree - Computer Science. ‘Overseas’ refers to the percentage of ALL graduates completing this qualification. Other indicators refer only to graduates living in New Zealand.

Two years after completing a bachelor’s degree in computer science, most graduates are in employment. Some are overseas, and relatively small numbers were receiving a benefit or in further study. The median salary was $48,200 two years after qualification completion.

ICT business analysts and systems analysts are on Immigration New Zealand’s long-term skill shortage list. This means that the government is actively encouraging skilled people in these occupations to come and work in New Zealand. When there is a shortage, it usually means that job prospects for New Zealand graduates are good. A full list is available on the Immigration New Zealand website.

Immigration NZ, skill shortage list: skillshortages.immigration.govt.nz

Where to find job vacancies

Since 2008, the number of online vacancies for policy analysts has grown at a faster rate than the average for all online job vacancies.

The trend for online vacancies for ICT and business analysts (see graph below) shows a somewhat different trend. Online job advertisements for these people have declined over the last few years. However, the number of ads was very high in 2008, so there are still plenty of ads out there. In 2016, for example, this occupation group had the 13th highest number of job ads out of the 276 groups that were measured.

Jobs advertised chart

Source: Ministry of Business, Innovation & Employment

Analyst vacancies are advertised through websites such as Trade Me Jobs and Seek and, increasingly, through social media like LinkedIn.

Trade Me Jobs: www.trademe.co.nz/jobs 
Seek: www.seek.co.nz 
LinkedIn:  nz.linkedin.com  

Career path

In general, job openings for policy analysts are average. On the plus side, moderate job turnover equates to a reasonable number of vacancies. On the other hand, the Government cap on total public sector employment means that the total number of policy analysts in employment in the public sector is relatively stable.

Many policy analysts are employed by central government. Other employers include local authorities, private organisations, unions, business or interest groups.

Marketing analysts typically work for large businesses or marketing or consulting companies.

ICT analysts work in a range of organisations such as large corporations, for the government and in specialist consulting firms.

Analysts can generally progress to become senior analysts, team leaders or managers in their organisations.

Related occupations

The following occupations are related roles or alternative titles. Some of the roles may require a higher level of skill than entry-level analysts.

  • Business Analyst
  • Commercial Analyst
  • Data Analyst
  • Evaluator
  • Financial Analyst
  • Geospatial Analyst
  • Market Research Analyst
  • Operations Analyst
  • Policy Analyst
  • Systems Analyst

Other information

Links

More information on analysts is available on the Careers New Zealand website and through the "Just the Job" video. More information specifically on policy analysts is available through the Public Servants Association and Aotearoa New Zealand Evaluation Association.

Careers New Zealand: www.careers.govt.nz
Public Servants Association: www.psa.org.nz
Aotearoa New Zealand Evaluation Association: www.anzea.org.nz
Just the Job video clip: Careers in The State Sector

ANZSCO

The Australian New Zealand Standard Classification of Occupations (ANZSCO) is the official classification of occupations in New Zealand.

The occupation of analysts has been coded to the following ANZSCO codes for the purpose of this report:

2244 – Intelligence and Policy Analysts
225112 – Market Research Analyst
232214 – Other Spatial Scientist
2611 – ICT Business and Systems Analysts