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
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
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.
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 |
| 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
- Management Analysts : Occupational Outlook Handbook: : U.S …
- 13-1111.00 – Management Analysts – O*NET OnLine
- Management Analysts at My Next Move
| 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 |
