Management Analyst Career
Management analysts need the ability to think in big picture terms as well as the ability to focus on the nitty-gritty details that will help make their big picture vision a reality. It’s their job to analyze every aspect of an organization, from its personnel to its equipment, and find ways that the organization can become more efficient or profitable. As such, they spend a significant amount of time interviewing personnel and conducting on-site visits to get a better idea of how companies function.
Management analysts are generally outside consultants who have the opportunity to work with a variety of businesses, making this an ideal career for someone who values variety. They will spend time analyzing data, but the ability to successfully present that data and their findings is an invaluable asset to a successful career as a management analyst.
Management Analyst Career Snapshot
Management analysts are typically based out of an office, but they can expect to spend a significant amount of time on the road meeting with clients and studying the companies they are analyzing. This career may involve a great deal of travel depending on the scale of the firm you are working with. Although most management analysts work around 40 hours a week, it is not unusual for them to work more as projects require.
Further details on a career as a management analyst are listed below (statistics from the May 2015 Bureau of Labor Statistics and Onet Online):
is the average pay for management analysts per year.
increase in employment between 2014 and 2024.
have a Master’s degree while 38% have a Bachelor’s degree.
Management Analyst Education
In order to obtain an entry-level position, you’ll need at least a bachelor’s degree in business, finance, economics, or a related field. The majority of financial analysts also have higher degrees; 46% have master’s degrees, and another 12% have post-baccalaureate certificates. Becoming a Certified Management Consultant will give you an advantage against other job-seekers.
Management Analyst Job Duties
You can expect to split your time between data gathering, data analysis, and data presentation. On a typical day, you may interview employees about where they see waste, talk to supply chain experts about minimizing costs, or talk with managers to discuss implementing your recommendations.
Management Analyst Salaries
The median salary for a management analyst was $81,320 according to BLS.gov 2015 statistics. The top 10% of earners made $150,220 or more, and the bottom 10% made $45,970 or less.
Management Analyst Job Outlook
The US had 758,000 management analysts in 2014, and that number is expected to grow a much faster than average rate of 14% by 2024.
Management Analyst Skills & Traits
| Management Analyst Skill Set: | Required Abilities: | Tools Used by Management Analysts: | Typical Work Activities: |
|---|---|---|---|
| • Active listening • Critical thinking • Reading comprehension • Judgment and decision making • Speaking | • Oral comprehension • Oral expression • Written comprehension • Inductive reasoning | • Desktop computers • Video projectors • Data base management system software • Enterprise resource planning software | • Provide advice to others • Problem solving • Analyze data or information • Getting information |
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