Management Analyst Salary

By BusinessStudent.com - January 8, 2018
Reading Time: 11 minutes

The following article discusses the career path of Management Analyst. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Management Analysts.

Job Duties

There are positions for management analysts available in a huge range of industries. These include investment companies, medical companies, government organizations, and the military, to name but a few. The exact requirements that a management analyst has to meet varies depending on the position and the field.

Management analysts work hand in hand with various other departments. Together, they make sure that all operations are accurate and as efficient as possible. This means they focus on everything, including budgeting, payroll, new program creation, writing policies, and more. As part of their role, management analysts will conduct large scale analyses in order to identify areas in which the company can improve. Furthermore, they write reports on their findings, presenting these to management. Lastly, they anticipate future needs, particularly in relation to budgets, thereby making sure that there are sufficient resources in place.

Other job duties of a management analyst include:

  • Conducting organizational evaluations and studies, creating new procedures and systems, and ensuring work is simplified as much as possible, creating measurement studies to confirm this
  • Writing new manuals and ensuring that all workers are instructed on them, particularly if new procedures or forms are put in place
  • Preparing procedures manuals and operations to help management become more efficient and effective

Where We Work

According to the U.S. Bureau of Labor Statistics, there were 806,400 management analysts in 2016. The largest employers of these professionals were:

  • Professional, scientific, and technical services: 30%
  • Self-employed workers: 17%
  • Government: 17%
  • Finance and insurance: 11%
  • Management of companies and enterprises: 5%

How to Become

Most management analysts have a bachelor’s degree in finance, business administration, public administration, or a related field. Usually, they also have several years’ work experience. It is more and more common for a master’s degree, and particularly the master in business administration (MBA) to be required. Those who work in the military or government also require proof of citizenship and they must obtain secret clearance.

Education Requirements

While the majority of management analysts have a bachelor’s degree at least, it is now increasingly common for a master’s to be required, particularly the master of business administration (MBA). Some also hold additional certifications, such as Certified Management Consultant (CMC). Of importance is that a degree includes courses in subjects such as computer and information science, psychology, marketing, finance, accounting, economics, management, and business.

The CMC certification can be obtained through the Institute of Management Consultants USA (IMC USA). To obtain this, candidates must have sufficient education and experience, present reviews from clients, and pass a written examination and an interview. The examination focuses on the code of ethics as set by the IMC USA. Re-certification is required every three years.

Generally, a management analyst will start at entry level positions, growing into consultancy. Some work as auditors, accountants, market research analysts, or computer systems analysts, for instance. Eventually, they then grow through internal and external promotions into the position of management analyst.

Traits & Qualities

The most effective management analysts have the following traits to some degree or other:

  • Strong analytical skills
  • Excellent communication skills, both verbal and written
  • Great interpersonal skills
  • Good problem solving skills
  • Strong time management skills

Minimum Education

Bachelor’s Degree

National Salary

The national average salary estimate for Management Analyst was $72,076. This number is estimated from over 1,041,624 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $37.54 and monthly of $6,006.

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$20,000

$156,000

Salary Distribution

Salary by State

The following section lists Management Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, DC had the largest quoted salary of $86,302 while South Dakota had the smallest quoted salary of $40,435.

Alaska Iowa Missouri Oregon
Alabama Idaho Mississippi Pennsylvania
Arkansas Illinois Montana Rhode Island
Arizona Indiana North Carolina South Dakota
California Kansas Nebraska Tennessee
Colorado Kentucky New Hampshire Texas
Connecticut Louisiana New Jersey Utah
DC Massachusetts New Mexico Virginia
Delaware Maryland Nevada Washington
Florida Maine New York Wisconsin
Georgia Michigan Ohio
Hawaii Minnesota Oklahoma
Alaska – $64,409 Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like SAI Investments LLC.

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$28,000

$115,000

Salary Distribution
Alabama – $64,272 Rank: 29th

The average salary ranks 29th among states in the country. There were also job openings from employers like Federal Government Jobs and U.S. Army.

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$18,000

$137,000

Salary Distribution
Arkansas – $41,861 Rank: 45th

The average salary ranks 45th among states in the country. There were also job openings from employers like Cognizant Technology Solutions, Arkansas Department Of Human Services, and University of Arkansas.

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$14,000

$100,000

Salary Distribution
Arizona – $60,464 Rank: 34th

The average salary ranks 34th among states in the country. There were also job openings from employers like Indian Health Service, U.S. Army, Cognizant Technology Solutions, and Maricopa County.

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$21,000

$120,000

Salary Distribution
California – $79,416 Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like EBMUD, Tech Mahindra, Central Contra Costa Sanitary District, and CITY OF HAYWARD.

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$25,000

$163,000

Salary Distribution
Colorado – $68,521 Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like Inlabora, U.S. Air Force, Cognizant Technology Solutions, and Federal Government Jobs.

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$25,000

$133,000

Salary Distribution
Connecticut – $71,095 Rank: 13th

The average salary ranks 13th among states in the country. There were also job openings from employers like Cognizant Technology Solutions, VLink, Inc., Execu|Search, and Sai People Solutions, Inc..

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$26,000

$138,000

Salary Distribution
DC – $86,302 Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like Department of Transportation, U.S. Government, Administrative Office of the U.S. Courts, and Internal Revenue Service.

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$28,000

$174,000

Salary Distribution
Delaware – $58,321 Rank: 37th

The average salary ranks 37th among states in the country. There were also job openings from employers like Cognizant Technology Solutions.

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$20,000

$115,000

Salary Distribution
Florida – $59,439 Rank: 35th

The average salary ranks 35th among states in the country. There were also job openings from employers like Federal Government Jobs, U.S. Army, Cognizant Technology Solutions, and U.S. Air Force.

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$17,000

$127,000

Salary Distribution
Georgia – $65,919 Rank: 22nd

The average salary ranks 22nd among states in the country. There were also job openings from employers like Department of Veterans Affairs, Department of Labor, Centers for Disease Control and Prevention, and Cognizant Technology Solutions.

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$19,000

$139,000

Salary Distribution
Hawaii – $69,817 Rank: 14th

The average salary ranks 14th among states in the country. There were also job openings from employers like U.S. Army, U.S. Navy, and Federal Government Jobs.

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$27,000

$132,000

Salary Distribution
Iowa – $66,951 Rank: 17th

The average salary ranks 17th among states in the country. There were also job openings from employers like Cognizant Technology Solutions and State of Iowa.

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$28,000

$121,000

Salary Distribution
Idaho – $65,734 Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like IDAHO DEPT. OF LABOR.

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$21,000

$134,000

Salary Distribution
Illinois – $80,566 Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like Request Technology, Department of Labor, Real Staffing, and Vertigon Consulting.

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$18,000

$186,000

Salary Distribution
Indiana – $67,471 Rank: 16th

The average salary ranks 16th among states in the country. There were also job openings from employers like Cognizant Technology Solutions and U.S. Army.

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$23,000

$133,000

Salary Distribution
Kansas – $62,209 Rank: 32nd

The average salary ranks 32nd among states in the country. There were also job openings from employers like Department of Veterans Affairs.

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$20,000

$127,000

Salary Distribution
Kentucky – $63,530 Rank: 30th

The average salary ranks 30th among states in the country. There were also job openings from employers like University of Kentucky, V-Soft Consulting Group, U.S. Army, and Cognizant Technology Solutions.

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$20,000

$130,000

Salary Distribution
Louisiana – $50,234 Rank: 41st

The average salary ranks 41st among states in the country. There were also job openings from employers like State of Louisiana.

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$14,000

$131,000

Salary Distribution
Massachusetts – $81,850 Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like Department of Veterans Affairs, Liberty Mutual, AVCO CONSULTING INC, and Cognizant Technology Solutions.

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$22,000

$180,000

Salary Distribution
Maryland – $81,485 Rank: 4th

The average salary ranks 4th among states in the country. There were also job openings from employers like U.S. Navy, U.S. Department of Commerce, United States Department Of Defense, and Department of Health and Human Services.

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$26,000

$168,000

Salary Distribution
Maine – $47,283 Rank: 44th

The average salary ranks 44th among states in the country. There were also job openings from employers like Department of Human Services.

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$18,000

$90,000

Salary Distribution
Michigan – $65,284 Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like Cognizant Technology Solutions, CyberCoders, U.S. Army, and Axis Technology Solutions Inc.

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$24,000

$126,000

Salary Distribution
Minnesota – $49,075 Rank: 43rd

The average salary ranks 43rd among states in the country. There were also job openings from employers like Cognizant Technology Solutions, Ramsey County, MN, U.S. Army, and Dakota County.

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$8.05

$52.75

Salary Distribution
Missouri – $57,092 Rank: 38th

The average salary ranks 38th among states in the country. There were also job openings from employers like Cognizant Technology Solutions, Tech Mahindra, Department of Veterans Affairs, and Missouri Courts.

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$18,000

$117,000

Salary Distribution
Mississippi – $58,900 Rank: 36th

The average salary ranks 36th among states in the country. There were also job openings from employers like Federal Government Jobs.

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$18,000

$122,000

Salary Distribution
Montana – $62,705 Rank: 31st

The average salary ranks 31st among states in the country. There were also job openings from employers like State of Montana.

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$15,000

$142,000

Salary Distribution
North Carolina – $57,035 Rank: 39th

The average salary ranks 39th among states in the country. There were also job openings from employers like Tech Mahindra, Cognizant Technology Solutions, Federal Government Jobs, and University of North Carolina.

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$14,000

$148,000

Salary Distribution
Nebraska – $61,457 Rank: 33rd

The average salary ranks 33rd among states in the country. There were also job openings from employers like State of Nebraska.

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$29,000

$105,000

Salary Distribution
New Hampshire – $74,282 Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like Cognizant Technology Solutions.

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$25,000

$147,000

Salary Distribution
New Jersey – $78,305 Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like RAPID VALUE SOLUTIONS, INC., Nihaki Systems, Cognizant Technology Solutions, and Excelto Solutions LLC.

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$27,000

$154,000

Salary Distribution
New Mexico – $49,526 Rank: 42nd

The average salary ranks 42nd among states in the country. There were also job openings from employers like Los Alamos County, Air Force Acquisition, U.S. Air Force, and U.S. Army.

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$14,000

$107,000

Salary Distribution
Nevada – $64,747 Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like City of Reno, NV, Clark County Department of Aviation, Regional Transportation Commission of Southern Nevada, and Clark County, NV.

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$28,000

$116,000

Salary Distribution
New York – $82,855 Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like Experis, Boston Consulting Group, Bain & Company, and EY.

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$22,000

$183,000

Salary Distribution
Ohio – $72,041 Rank: 12th

The average salary ranks 12th among states in the country. There were also job openings from employers like Federal Government Jobs, U.S. Air Force, Air Force Acquisition, and MphasiS.

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$26,000

$139,000

Salary Distribution
Oklahoma – $66,652 Rank: 18th

The average salary ranks 18th among states in the country. There were also job openings from employers like U.S. Air Force, Cognizant Technology Solutions, Air Force Acquisition, and Department of Health and Human Services.

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$26,000

$126,000

Salary Distribution
Oregon – $65,161 Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like Cognizant Technology Solutions, City of Portland, Oregon, Federal Government Jobs, and Salem-Keizer School District.

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$25,000

$124,000

Salary Distribution
Pennsylvania – $75,572 Rank: 9th

The average salary ranks 9th among states in the country. There were also job openings from employers like ACE American Insurance Company, Department of Veterans Affairs, Cognizant Technology Solutions, and United States Department Of Defense.

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$21,000

$163,000

Salary Distribution
Rhode Island – $66,530 Rank: 20th

The average salary ranks 20th among states in the country. There were also job openings from employers like State of Rhode Island.

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$26,000

$124,000

Salary Distribution
South Dakota – $40,435 Rank: 46th

The average salary ranks 46th among states in the country. There were also job openings from employers like Department of Veterans Affairs and South Dakota State Government.

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$10.60

$31.95

Salary Distribution
Tennessee – $76,029 Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like Cognizant Technology Solutions, Federal Government Jobs, U.S. Air Force, and CITY OF JOHNSON CITY.

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$25,000

$153,000

Salary Distribution
Texas – $66,595 Rank: 19th

The average salary ranks 19th among states in the country. There were also job openings from employers like ATOS IT OUTSOURCING SERVICES, LLC, Department of Homeland Security, Cognizant Technology Solutions, and Dell.

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$18,000

$144,000

Salary Distribution
Utah – $66,423 Rank: 21st

The average salary ranks 21st among states in the country. There were also job openings from employers like Cognizant Technology Solutions, Utah State University, Air Force Acquisition, and U.S. Air Force.

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$26,000

$123,000

Salary Distribution
Virginia – $74,957 Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like Washington Headquarters Services, U.S. Army, United States Department Of Defense, and Dynamis.

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$20,000

$163,000

Salary Distribution
Washington – $54,972 Rank: 40th

The average salary ranks 40th among states in the country. There were also job openings from employers like Tech Mahindra, City of Tacoma, Dept. of Social and Health Services, and Washington State Department of Corrections.

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$2,300

$7,700

Salary Distribution
Wisconsin – $64,598 Rank: 27th

The average salary ranks 27th among states in the country. There were also job openings from employers like Cognizant Technology Solutions and Adecco.

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$29,000

$114,000

Salary Distribution

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Management Analyst. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary
Boston Consulting Group California $178,350
CRANIUM INFORMATION TECHNOLOGY Pennsylvania $170,000
Bain & Company New York $155,473
Deloitte Illinois $146,879
A.T. Kearney, Inc. Illinois $144,226
EY New York $136,094
Administrative Office of the U.S. Courts DC $131,399
Selby Jennings New York $129,626
Google California $125,842
The Capital Markets Company New York $122,069
Citi New York $121,553
Internal Revenue Service DC $120,232
Citicorp Credit Services, Inc. New York $115,247
PayPal California $113,658
Department of Labor DC $111,927
Argo, Inc. Illinois $110,036

Learn More

Related Careers

Career Name Average Salary
Business Development Manager $75,226
Benefits Manager $74,059
Information Technology Specialist $73,668
Systems Analyst $72,715
Health Information Management Manager $72,216
Marketing Manager $71,419
Purchasing Manager $70,974
Program Officer $70,926
Sales Manager $70,506
Underwriter $70,387
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