If you’re considering a career in data science, your future outlook is bright. Data science is the hottest career option in technology today.
The amount of data produced in our world grows daily. And with the growth of the IoT (Internet of Things) industry, the amount of data is about to explode yet again.
CEOs, stakeholders and startup founders don’t need to be convinced that data is the new king strategic initiative. In fact, they are looking for the best candidates that have skills in advanced dashboarding. To make insights clear across the organization.
However, there’s one big problem: there aren’t enough data science candidates with talent and knowledge.
This shortage of viable data analysts means your income potential is higher than ever.
Today we’re sharing some key tips for data science students:
How to effectively use Excel and Google Sheets for professional development.
Becoming a dashboard power user with Google Sheets and Excel is the best way to get hired by your top companies.
If you’re an undergraduate or graduate student currently and studying data, analytics, or financial analysis, we’re here to help. So why is becoming an Excel and Google Sheets expert is an essential tool in your data toolbox.
Why you should learn to analyze and create dashboards in Excel and Google Sheets
You will be versatile as a data scientist and financial analyst
While there are many high powered Business Intelligence tools on the market like Tableau, Qlik, and PowerBI, it’s no secret that those solutions are expensive.
Small to mid-sized companies rarely have the budget to invest in enterprise BI tools that cost thousands of dollars per year.
Those same businesses do need to be data-driven in their strategy, though. Those hiring managers want to work with analysts that can perform their analytics and data science work in basic tools like Excel and Google Sheets.
If you interview for a data engineering or financial analyst position and tell the team that you can conduct your work without expensive tools, that makes you a very appealing candidate. On the other hand, if you require expensive software licenses before you even join the team, it could hinder your chances of getting a data scientist role.
Excel Dashboards in the Finance Industry
For students in the finance and financial analytics field, becoming an Excel power user is crucial.
Banking and financial institutions are less on-trend, meaning they have the standard tools like Microsoft Excel available, but not advanced analytics tools on the market today.
A way to really impress a hiring manager for a financial analyst role is to showcase your Google Sheets or Excel financial dashboard examples. Consider creating a portfolio of your Excel analyses and dashboards. Being able to visualize your value will help solidify you as a prime candidate.
Easier to Transfer Knowledge
In any data analyst role, there will be transitions that happen. That’s the nature of a business, especially a tech business.
Whether you leave a role for a new position or whether you get promoted. You will need to transfer your knowledge to someone when you leave. This is one of the most time-consuming things to do: knowledge transfer.
However, if your analysis work takes place in a common tool like Excel or Google Sheets it will streamline to transfer knowledge.
Most people have exposure to Excel and basic spreadsheet methodology.
Conversely, if you have to transfer knowledge of a proprietary tool to someone who has no prior exposure to it, the process takes much longer.
Being an Excel spreadsheet and Google Sheets dashboard expert allows you to delegate tasks without too much upfront work. Imagine you’re working in a common tool like Excel, and your workload explodes. You could have an intern step in and help with some of the dashboard creation and analysis.
While Google Sheets and Excel may not be the flashiest data analysis and dashboarding tools on the market, they’re the most recognized and tested. Solidifying your knowledge in basic spreadsheet technology is the best step you can take when studying data analysis.
Explore Advanced Excel and Google Plugins
New tools emerge every day that integrate advanced plugins into Excel and Google Sheets.
With a simple browse session through the Google Add-On store, you’ll see that new tools are available every week. There are now plugins that allow you to connect to any database from within your preferred spreadsheet.
You can also automate lengthy queries and save manual work. This means you’ll become an efficient data and financial analyst and have time to offer what companies really want: insights.