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Factor Analysis Jobs (NOW HIRING)

Tristar Insurance

Advanced mathematical and statistical techniques such as calculus, factor analysis, and probability determination. Highly complex mathematical and statistical techniques such as calculus, factor ...

Tristar Insurance

Vendor Manager

SC · On-site +1

$85K - $98K/yr

Advanced mathematical and statistical techniques such as calculus, factor analysis, and probability determination. Highly complex mathematical and statistical techniques such as calculus, factor ...

Tristar Insurance

Advanced mathematical and statistical techniques such as calculus, factor analysis, and probability determination. Highly complex mathematical and statistical techniques such as calculus, factor ...

Src

Investment Operations Analyst Sr.

Dallas, TX

Prepare quantitative and qualitative analysis on investment mandates and prepare attribution/ factor analysis, and sector exposure over time to produce manager and portfolio level attribution reports.

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Factor Analysis information

What is factor analysis?

Factor analysis is a statistical technique used to identify underlying patterns or factors within a set of observed variables. It helps researchers reduce data complexity by grouping related variables together, making it easier to interpret large datasets. This method is commonly used in psychology, social sciences, and market research to uncover latent constructs or dimensions that explain correlations among observed measures. Factor analysis can guide the creation of questionnaires, scales, or help in data reduction for further analysis.

What are some common challenges faced by professionals conducting factor analysis, and how can they be addressed?

Professionals performing factor analysis often encounter challenges such as determining the appropriate number of factors to retain and ensuring the quality of data (e.g., sample size and variable selection). Another common issue is interpreting complex factor loadings, which can make it difficult to assign meaningful labels to identified factors. These challenges can be addressed by following best practices such as conducting parallel analysis, using scree plots, ensuring adequate sample sizes, and consulting with subject matter experts to interpret results accurately.

What is the difference between Factor Analysis vs Data Analyst?

AspectFactor AnalysisData Analyst
Primary RoleStatistical technique to identify underlying variablesInterpreting data to provide insights and support decision-making
Required SkillsStatistics, mathematics, data modelingData manipulation, visualization, statistical analysis
Work EnvironmentResearch, academia, data science projectsBusiness, finance, marketing, healthcare
Common CertificationsStatistics, data science certificationsData analysis, business intelligence certifications

Factor Analysis is a statistical method used to reduce data dimensions and identify latent variables, often used in research. Data Analysts interpret data to generate actionable insights across various industries. While Factor Analysis is a specialized technique within data analysis, Data Analysts perform broader tasks involving data collection, cleaning, and reporting.

What are the key skills and qualifications needed to thrive as a factor analyst, and why are they important?

To thrive as a Factor Analyst, you need a strong background in statistics, mathematics, and data analysis, typically supported by a degree in statistics, psychology, or a related field. Familiarity with statistical software such as SPSS, R, or SAS and an understanding of psychometric or quantitative research methods are essential. Attention to detail, problem-solving abilities, and effective communication are key soft skills for interpreting complex data and presenting findings clearly. These skills ensure accurate analysis, meaningful insights, and effective collaboration with research or business teams.
More about Factor Analysis jobs
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What job categories do people searching Factor Analysis jobs look for? The top searched job categories for Factor Analysis jobs are:
Factor Analysis jobs near you
Infographic showing various Factor Analysis job openings in the United States as of August 2026, with employment types broken down into 82% Full Time, 14% Part Time, and 4% Contract. Highlights an 82% Physical, 4% Hybrid, and 14% Remote job distribution.

Power Studies Engineer

Shermco Industries, Inc.

Cedar Park, TX • On-site

$90K - $110K/yr

Full-time

Re-posted 26 days ago

Job description

Overview
Shermco Industries is seeking an Electrical Engineer- Power Studies.
Responsibilities
  • Provide engineering related design, analysis and studies for domestic or international projects.
  • Conduct short-circuit, protective device coordination and arc-flash studies.
  • Perform power factor analysis and correction, harmonic modeling and analysis, and grounding analysis.
  • Occasionally interact with customers to gather critical information and review engineering plans.
  • Occasionally work in the field under the direction of Field Services team on shut-down, startup and maintenance projects.

Qualifications
  • Bachelor's Degree in Electrical Engineering and at least 2 years relevant experience; prefer educational focus in Power Systems studies.
  • Experience in short-circuit, protective device coordination, arc-flash and power quality studies PREFFERED.
  • Must have experience using SKM, ETAP, ASPEN, EZPower, or other power system modeling software.
  • Must have knowledge of low, medium and high-voltage up to 500 kV.
  • Must be able to clearly communicate in English via verbal and written methods and be comfortable doing so directly to customers and co-workers.
  • Field experience with substations or switchgear highly desirable.
  • Utility design experience a plus.
  • Availability for occasional domestic and international travel a plus.

EQUAL OPPORTUNITY EMPLOYER | DRUG-FREE WORKPLACE
Shermco is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status. Shermco is a drug-free workplace.
NO AGENCIES PLEASE
Pay Range
USD $90,000.00 - USD $110,000.00 /Yr.

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