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Financial Analysts Operations Research Analysts Financial Analysts TORQ Analysis of Operations Research Analysts to Financial Analysts INPUT SECTION: Transfer Title O*NET Filters Operations Research Importance LeveL: Weight: From Title: 15-2031.00 Abilities: Analysts 50 1 Importance LeveL: Weight: To Title: Financial Analysts 13-2051.00 Skills: 69 1 Labor Market Weight: Maine Statewide Knowledge: Importance Level: 69 Area: 1 OUTPUT SECTION: Grand TORQ: 83 Ability TORQ Skills TORQ Knowledge TORQ Level Level Level 96 81 71 Gaps To Narrow if Possible Upgrade These Skills Knowledge to Add Ability Level Gap Impt Skill Level Gap Impt Knowledge Level Gap Impt Near Vision 59 6 65 Management Economics Speech of Financial 74 20 77 and 79 31 89 46 4 62 Recognition Resources Accounting Time English 70 11 87 70 17 83 Management Language Monitoring 70 7 70 LEVEL and IMPT (IMPORTANCE) refer to the Target Financial Analysts. GAP refers to level difference between Operations Research Analysts and Financial Analysts. ASK ANALYSIS Ability Level Comparison - Abilities with importance scores over 50 Operations Research Description Analysts Financial Analysts Importance Written Comprehension 64 62 78 Oral Comprehension 64 59 75 Oral Expression 64 60 75 Written Expression 62 59 75 Deductive Reasoning 62 62 72 Inductive Reasoning 60 51 68 Near Vision 53 59 65 TORQ Analysis Page 1 of 13. Copyright 2009. Workforce Associates, Inc. Operations Research Analysts Financial Analysts Speech Clarity 46 46 65 Problem Sensitivity 57 55 62 Number Facility 66 55 62 Speech Recognition 42 46 62 Mathematical Reasoning 67 53 59 Fluency of Ideas 60 46 53 Information Ordering 55 51 53 Category Flexibility 57 48 53 Flexibility of Closure 51 48 50 Selective Attention 42 42 50 Skill Level Comparison - Abilities with importance scores over 69 Operations Research Description Analysts Financial Analysts Importance Reading Comprehension 86 70 92 Time Management 59 70 87 Active Listening 76 69 85 Judgment and Decision Making 82 72 85 Mathematics 91 69 80 Critical Thinking 82 70 80 Complex Problem Solving 85 69 80 Management of Financial 54 77 Resources 74 Active Learning 73 80 72 Writing 73 71 64 Monitoring 63 70 70 Knowledge Level Comparison - Knowledge with importance scores over 69 Description Operations Research Analysts Financial Analysts Importance Economics and 48 Accounting 79 89 English Language 53 70 83 Mathematics 76 93 74 Experience & Education Comparison Related Work Experience Comparison Required Education Level Comparison TORQ Analysis Page 2 of 13. Copyright 2009. Workforce Associates, Inc. Operations Research Analysts Financial Analysts Financial Operations Description Operations Research Analysts Analysts Description Research Financial Analysts Analysts 10+ years 0% 16% Doctoral 12% 0% 8-10 years 0% 1% Professional Degree 0% 0% 6-8 years 4% 15% Post-Masters Cert 0% 0% 4-6 years 8% 13% Master's Degree 15% 2-4 years 29% 70% 38% Post-Bachelor Cert 0% 0% 1-2 years 8% 1% 16% 6-12 8% 1% Bachelors months 84% 3-6 months 0% 0% AA or Equiv 0% 0% 1-3 months 0% 0% Some College 0% 0% 0-1 month 0% 0% Post-Secondary 0% 0% Certificate None 41% 11% High Scool Diploma 0% 0% or GED No HSD or GED 0% 0% Operations Research Analysts Financial Analysts Most Common Educational/Training Requirement: Master's degree Bachelor's degree Job Zone Comparison 5 - Job Zone Five: Extensive Preparation Needed 4 - Job Zone Four: Considerable Preparation Needed Extensive skill, knowledge, and experience are needed for A minimum of two to four years of work-related skill, these occupations. Many require more than five years of knowledge, or experience is needed for these occupations. experience. For example, surgeons must complete four For example, an accountant must complete four years of years of college and an additional five to seven years of college and work for several years in accounting to be specialized medical training to be able to do their job. considered qualified. A bachelor's degree is the minimum formal education required for these occupations. However, many also require Most of these occupations require a four - year bachelor's graduate school. For example, they may require a master's degree, but some do not. degree, and some require a Ph.D., M.D., or J.D. (law degree). Employees may need some on-the-job training, but most of Employees in these occupations usually need several years these occupations assume that the person will already have of work-related experience, on-the-job training, and/or the required skills, knowledge, work-related experience, vocational training. and/or training. Tasks Operations Research Analysts Financial Analysts Core Tasks Core Tasks Generalized Work Activities: Generalized Work Activities: Analyzing Data or Information - Analyzing Data or Information - Identifying the underlying principles, Identifying the underlying principles, reasons, or facts of information by reasons, or facts of information by breaking down information or data into breaking down information or data into separate parts. separate parts. Interacting With Computers - Using Getting Information - Observing, computers and computer systems receiving, and otherwise obtaining (including hardware and software) to information from all relevant sources. program, write software, set up Interacting With Computers - Using functions, enter data, or process computers and computer systems information. (including hardware and software) to Making Decisions and Solving Problems - program, write software, set up Analyzing information and evaluating functions, enter data, or process results to choose the best solution and information. solve problems. Processing Information - Compiling, TORQ Analysis Page 3 of 13. Copyright 2009. Workforce Associates, Inc. Operations Research Analysts Financial Analysts Getting Information - Observing, coding, categorizing, calculating, receiving, and otherwise obtaining tabulating, auditing, or verifying information from all relevant sources. information or data. Processing Information - Compiling, Communicating with Supervisors, Peers, coding, categorizing, calculating, or Subordinates - Providing information to tabulating, auditing, or verifying supervisors, co-workers, and subordinates information or data. by telephone, in written form, e-mail, or in person. Specific Tasks Specific Tasks Occupation Specific Tasks: Occupation Specific Tasks: Analyze information obtained from management in order to conceptualize Analyze financial information to produce and define operational problems. forecasts of business, industry, and Break systems into their component economic conditions for use in making parts, assign numerical values to each investment decisions. component, and examine the Assemble spreadsheets and draw charts mathematical relationships between them. and graphs used to illustrate technical Collaborate with others in the reports, using computer. organization to ensure successful Collaborate with investment bankers to implementation of chosen problem attract new corporate clients to securities solutions. firms. Collaborate with senior managers and Contact brokers and purchase decision-makers to identify and solve a investments for companies, according to variety of problems, and to clarify company policy. management objectives. Determine the prices at which securities Define data requirements; then gather should be syndicated and offered to the and validate information, applying public. judgment and statistical tests. Evaluate and compare the relative quality Design, conduct, and evaluate of various securities in a given industry. experimental operational models in cases Interpret data affecting investment where models cannot be developed from programs, such as price, yield, stability, existing data. future trends in investment risks, and Develop and apply time and cost economic influences. networks in order to plan, control, and Maintain knowledge and stay abreast of review large projects. developments in the fields of industrial Develop business methods and technology, business, finance, and procedures, including accounting systems, economic theory. file systems, office systems, logistics Monitor fundamental economic, industrial, systems, and production schedules. and corporate developments through the Formulate mathematical or simulation analysis of information obtained from models of problems, relating constants financial publications and services, and variables, restrictions, alternatives, investment banking firms, government conflicting objectives, and their numerical agencies, trade publications, company parameters. sources, and personal interviews. Observe the current system in operation, Prepare plans of action for investment and gather and analyze information about based on financial analyses. each of the parts of component problems, Present oral and written reports on using a variety of sources. general economic trends, individual Perform validation and testing of models corporations, and entire industries. to ensure adequacy; reformulate models Recommend investments and investment as necessary. timing to companies, investment firm Prepare management reports defining staff, or the investing public. and evaluating problems and recommending solutions. Detailed Tasks Specify manipulative or computational Detailed Work Activities: methods to be applied to models. Study and analyze information about advise clients on financial matters alternative courses of action in order to analyze financial data determine which plan will offer the best outcomes. analyze financial
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