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Become An Analyst

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Working As An 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

  • $66,093

    Average Salary

What Does An 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 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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Analyst Videos

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Analyst Career Paths

Analyst
Engineer Systems Engineer Senior Programmer Analyst
Application Manager
9 Yearsyrs
Program Manager General Manager Human Resources Manager
Business Partner
8 Yearsyrs
Engineer Operations Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Data Analyst Business Analyst Information Technology Project Manager
Business Program Manager
10 Yearsyrs
Lead Technician Functional Consultant Customer Relationship Management Consultant
Customer Relationship Management Manager
8 Yearsyrs
Business Analyst Senior Systems Analyst Senior Software Engineer
Director Of Software Development
12 Yearsyrs
Program Manager Human Resources Manager Talent Acquisition Manager
Global Manager
11 Yearsyrs
Senior Finance Analyst Senior Business Analyst Implementation Manager
Integration Manager
10 Yearsyrs
Finance Analyst Assistant Vice President
Manager, Assistant Vice President
7 Yearsyrs
Data Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Quality Assurance Analyst Quality Assurance Manager Quality Manager
Process Improvement Manager
10 Yearsyrs
Finance Analyst Business Analyst
Product Owner
9 Yearsyrs
Systems Analyst Systems Administrator Information Technology Manager
Senior Information Technology Manager
10 Yearsyrs
Accounts Receivable Specialist Contracts Administrator Subcontracts Manager
Senior Managed
7 Yearsyrs
Business Analyst Information Technology Project Manager
Service Delivery Manager
11 Yearsyrs
Product Manager Sales Consultant Solution Specialist
Solutions Manager
8 Yearsyrs
Systems Analyst Systems Engineer
Systems Manager
7 Yearsyrs
Accounts Receivable Specialist Human Resources Coordinator Technical Recruiter
Technical Account Manager
7 Yearsyrs
Senior Finance Analyst Assistant Vice President
Vice President-Products
13 Yearsyrs
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Analyst Demographics

Gender

Male

50.7%

Female

46.0%

Unknown

3.3%
Ethnicity

White

56.7%

Hispanic or Latino

14.5%

Asian

13.0%

Black or African American

11.4%

Unknown

4.4%
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Foreign Languages Spoken

Spanish

39.1%

French

11.5%

Chinese

7.3%

Mandarin

7.1%

Arabic

4.9%

German

4.7%

Russian

3.6%

Japanese

3.3%

Portuguese

3.1%

Italian

3.1%

Korean

2.5%

Hindi

2.4%

Cantonese

1.7%

Vietnamese

1.0%

Carrier

1.0%

Urdu

0.8%

Polish

0.8%

Hebrew

0.7%

Gujarati

0.7%

Greek

0.6%
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Analyst Education

Schools

University of Phoenix

19.5%

Strayer University

6.4%

New York University

6.0%

University of Maryland - University College

4.9%

George Mason University

4.8%

American University

4.7%

Cornell University

4.6%

George Washington University

4.5%

Pennsylvania State University

4.2%

University of Texas at Austin

4.1%

University of Houston

3.9%

DePaul University

3.9%

Northeastern University

3.8%

Columbia University

3.7%

Villanova University

3.6%

University of Southern California

3.6%

Florida State University

3.6%

Michigan State University

3.5%

Georgetown University

3.4%

Johns Hopkins University

3.4%
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Majors

Business

29.1%

Finance

12.5%

Accounting

7.7%

Computer Science

5.4%

Economics

4.6%

Management

4.3%

Marketing

3.7%

Computer Information Systems

3.7%

Information Technology

3.1%

Criminal Justice

3.1%

Psychology

2.9%

Health Care Administration

2.7%

Communication

2.7%

Political Science

2.6%

Law

2.4%

Chemistry

2.1%

Electrical Engineering

2.0%

Human Resources Management

1.9%

Biology

1.8%

Mathematics

1.7%
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Degrees

Bachelors

43.3%

Masters

26.7%

Other

15.3%

Associate

7.2%

Certificate

3.5%

Doctorate

2.9%

Diploma

0.9%

License

0.2%
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Analyst Videos

Gemma - career advice from an Apprentice Service Operation Analyst | Sky Academy

Crime Scene Analyst (CSI), Career Video from drkit.org

#TC3Summit Setting the Stage: Telecommunications Innovation Analyst Update

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Real Analyst Salaries

Job Title Company Location Start Date Salary
SQL BI Analyst Moxie It Solutions Inc. Ashburn, VA Feb 08, 2018 $130,800
Appl. Prog. Analyst Inovant, LLC Ashburn, VA May 11, 2018 $97,850 -
$107,380
Appl. Prog. Analyst Visa Technology & Operations LLC Ashburn, VA May 11, 2018 $97,850 -
$107,380
Cybersecurity Analyst Visa Technology & Operations LLC Ashburn, VA Aug 29, 2019 $95,888 -
$127,100
Cybersecurity Analyst Visa Technology & Operations LLC Ashburn, VA Jul 31, 2019 $95,888 -
$105,000
Appl. Prog. Analyst Visa U.S.A. Inc. Ashburn, VA Jan 01, 2018 $93,348 -
$124,500
Progarmmer Analyst Arthur Grand Technologies Inc. Ashburn, VA Apr 29, 2016 $85,000
Progarmmer Analyst Arthur Grand Technologies Inc. Ashburn, VA Sep 05, 2016 $85,000
Progarmmer Analyst Arthur Grand Technologies Inc. Ashburn, VA Jan 08, 2016 $80,000
Hyperion Analyst Dimension Consulting Ashburn, VA Oct 01, 2012 $78,624
Progarmmer Analyst Arthur Grand Technologies Inc. Ashburn, VA Jan 09, 2016 $77,000
Incident Response Analyst Visa Technology & Operations LLC Ashburn, VA Aug 16, 2018 $73,362 -
$95,014
Assoc. Appl. Prog. Analyst Visa U.S.A. Inc. Ashburn, VA Aug 27, 2018 $70,283 -
$109,600
Organizational Analyst Independent Project Analysis, Inc. Ashburn, VA May 22, 2008 $66,830 -
$73,000
Analyst Deloitte Consulting LLP Ashburn, VA Jul 17, 2018 $65,000
Analyst Deloitte Consulting LLP Ashburn, VA Jul 26, 2018 $65,000
ERP Analyst Concert Tech Corporation Ashburn, VA Sep 09, 2014 $65,000
Analyst Infosys Limited Ashburn, VA May 01, 2012 $63,720
Analyst Infosys Limited Ashburn, VA May 08, 2012 $63,720
Analyst Infosys Limited Ashburn, VA Sep 20, 2012 $60,174 -
$65,174

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Top Skills for An Analyst

  1. Financial Statements
  2. Procedures
  3. Data Entry
You can check out examples of real life uses of top skills on resumes here:
  • Reviewed and audited financial statements and reports for accuracy to ensure the integrity of published data.
  • Developed work control procedures to ensure accuracy and integrity of government facility at Static Detonation Chamber for Government contract.
  • Maintain accurate and complete information pertaining to each call with immediate/simultaneous data entry regarding type of leave and pertinent dates.
  • Coordinate with Walmart.com Resolutions and internal divisions to resolve customer service issues.
  • Maintained PL/SQL interfaces from CARS databases to SAP (Systems Applications and Products)/BIS (Business Information System).

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Top 10 Best States for Analysts

  1. New York
  2. Alaska
  3. Connecticut
  4. Georgia
  5. Texas
  6. District of Columbia
  7. Washington
  8. Oklahoma
  9. North Carolina
  10. Arizona
  • (6,261 jobs)
  • (151 jobs)
  • (1,530 jobs)
  • (3,376 jobs)
  • (8,070 jobs)
  • (2,231 jobs)
  • (2,384 jobs)
  • (483 jobs)
  • (3,434 jobs)
  • (1,992 jobs)

Top Analyst Employers

Jobs From Top Analyst Employers

Analyst Videos

Gemma - career advice from an Apprentice Service Operation Analyst | Sky Academy

Crime Scene Analyst (CSI), Career Video from drkit.org

#TC3Summit Setting the Stage: Telecommunications Innovation Analyst Update

Career Advice

Business Analyst Job Description

Business Analyst Job Description

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