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Become An Advance Business Analyst

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Working As An Advance Business Analyst

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Analyzing Data or Information
  • Organizing, Planning, and Prioritizing Work
  • Deal with People

  • Mostly Sitting

  • $82,853

    Average Salary

What Does An Advance Business Analyst Do

Management analysts, often called management consultants, propose ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Duties

Management analysts typically do the following:

  • Gather and organize information about the problem to be solved or the procedure to be improved
  • Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed
  • Analyze financial and other data, including revenue, expenditure, and employment reports
  • Develop solutions or alternative practices
  • Recommend new systems, procedures, or organizational changes
  • Make recommendations to management through presentations or written reports
  • Confer with managers to ensure changes are working

Although some management analysts work for the organization that they analyze, most work as consultants on a contractual basis. 

Whether they are self-employed or part of a large consulting company, the work of a management analyst may vary from project to project. Some projects require a team of consultants, each specializing in one area. In other projects, consultants work independently with the client organization’s managers.

Management analysts often specialize in certain areas, such as inventory management or reorganizing corporate structures to eliminate duplicate and nonessential jobs. Some consultants specialize in a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency.

Organizations hire consultants to develop strategies for entering and remaining competitive in today’s marketplace.

Management analysts who work on contract may write proposals and bid for jobs. Typically, an organization that needs the help of a management analyst solicits proposals from a number of consultants and consulting companies that specialize in the needed work. Those who want the work must then submit a proposal by the deadline that explains how the consultant will do the work, who will do the work, why they are the best consultants to do the work, what the schedule will be, and how much it will cost. The organization that needs the consultants then selects the proposal that best meets its needs and budget.

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How To Become An Advance Business Analyst

Most management analysts have at least a bachelor’s degree. The Certified Management Consultant (CMC) designation may improve job prospects.

Education

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).

Few colleges and universities offer formal programs in management consulting. However, many fields of study provide a suitable education because of the range of areas that management analysts address. Common fields of study include business, management, economics, political science and government, accounting, finance, marketing, psychology, computer and information science, and English.

Analysts also routinely attend conferences to stay up to date on current developments in their field.

Licenses, Certifications, and Registrations

The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience, submit client reviews, and pass an interview and exam covering the IMC USA’s code of ethics. Management consultants with a CMC designation must be recertified every 3 years. Management analysts are not required to get certification, but it may give jobseekers a competitive advantage.

Work Experience in a Related Occupation

Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. Typical work backgrounds include experience in management, human resources, and information technology. 

Advancement

As consultants gain experience, they often take on more responsibility. At the senior level, consultants may supervise teams working on more complex projects and become more involved in seeking out new business. Those with exceptional skills may eventually become partners in their consulting organization and focus on attracting new clients and bringing in revenue. Senior consultants who leave their consulting company often move to senior management positions at nonconsulting organizations.

Important Qualities

Analytical skills. Management analysts must be able to interpret a wide range of information and use their findings to make proposals.

Communication skills. Management analysts must be able to communicate clearly and precisely in both writing and speaking. Successful analysts also need good listening skills to understand the organization’s problems and propose appropriate solutions.

Interpersonal skills. Management analysts must work with managers and other employees of the organizations where they provide consulting services. They should work as a team toward achieving the organization’s goals. 

Problem-solving skills. Management analysts must be able to think creatively to solve clients’ problems. Although some aspects of different clients’ problems may be similar, each situation is likely to present unique challenges for the analyst to solve.

Time-management skills. Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time.

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Average Length of Employment
Top Employers Before
Consultant 8.0%
Analyst 8.0%
Top Employers After
Consultant 5.6%
Manager 2.8%

Do you work as an Advance Business Analyst?

Advance Business Analyst Demographics

Gender

Male

48.8%

Female

47.5%

Unknown

3.7%
Ethnicity

White

58.5%

Hispanic or Latino

12.7%

Black or African American

12.4%

Asian

12.0%

Unknown

4.4%
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Foreign Languages Spoken

Mandarin

50.0%

Chinese

50.0%

Advance Business Analyst Education

Schools

University of Phoenix

10.4%

Michigan State University

8.3%

Southern Methodist University

6.3%

University of Iowa

6.3%

Carnegie Mellon University

6.3%

University of Denver

6.3%

Millikin University

4.2%

University of Michigan - Dearborn

4.2%

Drexel University

4.2%

Wayne State University

4.2%

University of Central Oklahoma

4.2%

Central Michigan University

4.2%

University of Detroit Mercy

4.2%

Iowa State University

4.2%

DePaul University

4.2%

University of Texas at Dallas

4.2%

Amberton University

4.2%

Indiana University of Pennsylvania

4.2%

Rasmussen College

4.2%

Virginia Tech University Falls Church

2.1%
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Majors

Business

29.5%

Finance

10.6%

Computer Science

8.3%

Management

6.8%

Accounting

6.1%

Management Information Systems

5.3%

Computer Information Systems

4.5%

Marketing

3.8%

Information Systems

3.8%

Human Resources Management

3.0%

Statistics

2.3%

Economics

2.3%

English

2.3%

Public Administration

2.3%

General Education, Specific Areas

1.5%

Legal Research And Advanced Professional Studies

1.5%

Political Science

1.5%

Computer Technical Support

1.5%

Elementary Education

1.5%

Public Relations

1.5%
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Degrees

Bachelors

42.2%

Masters

35.0%

Other

11.1%

Certificate

5.0%

Associate

3.9%

Doctorate

2.2%

Diploma

0.6%
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Real Advance Business Analyst Salaries

Job Title Company Location Start Date Salary
Risk Advanced Analytics Business Analyst McKinsey & Company, Inc. United States New York, NY Oct 01, 2014 $106,625
Business Analyst Advanced Caliber Home Loans Irving, TX Oct 03, 2016 $86,216 -
$95,000
Advanced Business Procurement Analyst Marathon Oil Company Houston, TX Oct 03, 2011 $86,040
Analyst, Advanced Analystics Steelcase Inc. Grand Rapids, MI Feb 06, 2015 $82,000
Advanced Malware Analyst Webroot Software, Inc. San Mateo, CA May 31, 2010 $77,334 -
$92,872
Modularity Analyst, Advanced Concepts Team C&D Zodiac Huntington Beach, CA Oct 20, 2014 $76,315
Advanced Concepts Analyst C & D Zodiac, Inc. Huntington Beach, CA Sep 30, 2013 $76,000
Advanced Malware Analyst Webroot Software, Inc. Mountain View, CA Feb 07, 2010 $70,304 -
$88,629
Business Analyst Advanced Analytics Team Belvedere Chicago, IL Jun 04, 2015 $70,000
Advance Business Analyst IBM India Private Ltd West Sacramento, CA Oct 01, 2013 $67,350 -
$74,635
Advance Business Analyst IBM India Private Limited West Sacramento, CA Oct 01, 2012 $67,035
Advanced Oxidation Analyst Hydrozonix LLC McKinney, TX Sep 01, 2013 $65,100

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Top Skills for An Advance Business Analyst

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  1. Business Requirements
  2. Financial Institutions
  3. Test Plans
You can check out examples of real life uses of top skills on resumes here:
  • Gathered business requirements for billing system.
  • Created functional and business requirement documents and test plans for database enhancements.
  • Developed and implemented new project management tools to create transparency and accountability within the technology and business teams.
  • Investigate, analyze, and resolve software problems using SQL, SAMS-E Toolbox, and various other CSSAMO troubleshooting techniques.
  • Managed project schedule for user acceptance testing activities, ensuring proper functionality.

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Top 10 Best States for Advance Business Analysts

  1. Virginia
  2. New Jersey
  3. Massachusetts
  4. District of Columbia
  5. Connecticut
  6. Washington
  7. Maryland
  8. New York
  9. North Carolina
  10. Alabama
  • (2,135 jobs)
  • (1,133 jobs)
  • (1,276 jobs)
  • (757 jobs)
  • (550 jobs)
  • (811 jobs)
  • (881 jobs)
  • (2,061 jobs)
  • (1,179 jobs)
  • (269 jobs)

Top Advance Business Analyst Employers

Jobs From Top Advance Business Analyst Employers

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