A college degree can be beneficial to becoming an allocation analyst, but it is not always required. It is also necessary to have merchandising experience. Some employers may prefer to hire from among their current employees, who are familiar with their company’s protocols and procedures. It may be possible to advance through the ranks of a company to become an allocation analyst, and then transfer those skills to another firm if a competing job offer comes along.
An associate’s or bachelor’s degree in a subject like business, merchandising, or communications is a good option for people who want to get a degree. While still in school, an internship with a large retailer may be possible to gain real-world allocation analyst experience under the supervision of qualified personnel. This creates connections that may be useful on an application to become an allocation analyst, in addition to providing formal training that can help people establish a career.
With a degree, you might be able to apply for a job in a retailer’s allocation department to gain experience. As people gain more experience, they may be able to supervise a larger number of stores and departments. Applicants can determine if they have enough experience to fill job openings as they arise; retailers may require two to five years of retail experience with a focus on allocation analysis.
Working up through the ranks at a company is another option for someone who wants to become an allocation analyst but does not want to pursue formal education. Starting with merchandising and coordinating at a single store, you can work your way up to positions at regional and national headquarters. It may take a little longer to become an allocation analyst this way, but people will be able to earn money while they advance, and they will not have to worry about the cost of education.
In addition to training and experience, being able to demonstrate competence with certain specific traits that employers may look for in a candidate can be beneficial. Because an allocation analyst must communicate with a variety of people, good communication skills are essential. It can also aid in understanding industry trends and developments, as these can influence what customers seek and which stores require which products. Because allocation analysts interact with vendors and clients on a regular basis, maintaining a neat, professional appearance is also essential.