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Become An Analytical Laboratory Analyst

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Working As An Analytical Laboratory 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

  • $75,000

    Average Salary

What Does An Analytical Laboratory 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 Analytical Laboratory 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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Do you work as an Analytical Laboratory Analyst?

Average Yearly Salary
$75,000
View Detailed Salary Report
$50,000
Min 10%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$111,000
Max 90%
Best Paying Company
Facebook
Highest Paying City
Seattle, WA
Highest Paying State
Alaska
Avg Experience Level
1.9 years
How much does an Analytical Laboratory Analyst make at top companies?
The national average salary for an Analytical Laboratory Analyst in the United States is $75,248 per year or $36 per hour. Those in the bottom 10 percent make under $50,000 a year, and the top 10 percent make over $111,000.

Real Analytical Laboratory Analyst Salaries

Job Title Company Location Start Date Salary
BP&A Analytics Lead Analyst Citibank, N.A Islandia, NY Jun 22, 2015 $132,558
Agency Analytics Analyst Oz Management, LP New York, NY Aug 10, 2015 $130,000
Agency Analytics Analyst Oz Management, LP New York, NY Oct 08, 2015 $130,000
Analyst-Digital Analytics State Farm Mutual Automobile Insurance Company Bloomington, IL Dec 13, 2016 $125,000
Client Analytics Analyst Facebook, Inc. Menlo Park, CA Aug 08, 2016 $120,000
Analyst-Digital Analytics State Farm Mutual Automobile Insurance Company Bloomington, IL Dec 16, 2016 $120,000
Analyst-Digital Analytics State Farm Mutual Automobile Insurance Company Bloomington, IL Nov 21, 2016 $120,000
Lead Analyst-Analytics Delivery Infosys Limited Sunnyvale, CA Aug 13, 2016 $119,517
Lead Analyst-Analytics Delivery Infosys Limited Sunnyvale, CA Aug 15, 2016 $119,517
Lead Analyst-Analytics Delivery Infosys Limited Sunnyvale, CA Aug 16, 2016 $119,517
Lead Analyst-Analytics Delivery Infosys Limited Milpitas, CA Feb 05, 2016 $119,517
Lead Analyst-Analytics Delivery Infosys Limited New York, NY Jul 03, 2016 $116,584
Lead Analyst-Analytics Delivery Infosys Limited New York, NY Aug 15, 2016 $116,584
Analyst Senior, Analytics Online Directv LLC New York, NY Sep 17, 2016 $113,437
Lead Analyst, Analytics Western Union, LLC Englewood, CO Feb 16, 2016 $79,000
Analyst Performance & Data Analytics American Airlines, Inc. Irving, TX Dec 12, 2016 $78,957 -
$102,833
Advanced Analytics Analyst II Plymouth Rock Assurance Corporation Boston, MA Sep 04, 2015 $78,354 -
$104,208
Analytical Analyst Argus Information and Advisory Services LLC White Plains, NY Oct 01, 2015 $77,000
Statiscial Analyst, Data Analytics Wal-Mart Associates, Inc. Bentonville, AR Sep 13, 2016 $77,000
Analyst, Predictive Analytics Constant Contact, Inc. Waltham, MA Sep 04, 2015 $75,000
Analyst, Business Analytics Sears Holdings Management Corporation Hoffman Estates, IL Apr 14, 2015 $75,000
Analyst, Business Analytics Sears Holdings Management Corporation Hoffman Estates, IL Aug 17, 2016 $66,934 -
$75,000
Analyst, Business Analytics Sears Holdings Management Corporation Hoffman Estates, IL Dec 21, 2015 $66,934
Analyst, Business Analytics Sears Holdings Management Corporation Hoffman Estates, IL Aug 10, 2015 $66,934
Analyst VOC Database Analytics Petco Animal Supplies Stores, Inc. San Antonio, TX Apr 14, 2015 $66,830 -
$78,000
Analyst, Analytics & Insight CDW LLC Lincolnshire, IL Jun 09, 2016 $66,624
Analytical Analyst Argus Information & Advisory Services LLC White Plains, NY Sep 04, 2015 $66,000
Analyst-Analytics Delivery Infosys Limited Winston-Salem, NC Aug 16, 2016 $65,800
Analyst-Analytics Delivery Infosys Limited Atlanta, GA Aug 16, 2016 $65,800

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Top Skills for An Analytical Laboratory Analyst

  1. Analytical Methods
  2. SQL
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Perform validations or transfers of analytical methods in accordance with applicable policies or guidelines.
  • Performed business analysis with SQL for investment-related projects: Researched and resolved data issues.
  • Reviewed customer's financial statements to determine completeness and data integrity for the purpose of determining portfolio financial performance and trends.
  • Recommend changes to the data warehouse so that reports could be optimized and new reports could be created.
  • Leverage data analysis methods to identify quality issues and possible solutions or process improvements.

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Top 10 Best States for Analytical Laboratory Analysts

  1. Delaware
  2. Alaska
  3. Massachusetts
  4. Louisiana
  5. Nevada
  6. Nebraska
  7. California
  8. Washington
  9. North Dakota
  10. Alabama
  • (76 jobs)
  • (32 jobs)
  • (594 jobs)
  • (99 jobs)
  • (85 jobs)
  • (92 jobs)
  • (2,015 jobs)
  • (280 jobs)
  • (60 jobs)
  • (172 jobs)

Analytical Laboratory Analyst Demographics

Gender

Male

53.2%

Female

32.4%

Unknown

14.4%
Ethnicity

White

47.9%

Asian

26.8%

Hispanic or Latino

11.7%

Black or African American

8.9%

Unknown

4.6%
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Foreign Languages Spoken

Spanish

27.1%

Mandarin

12.5%

Chinese

10.4%

Russian

8.3%

Japanese

6.3%

French

6.3%

Italian

4.2%

German

2.1%

Portuguese

2.1%

Hungarian

2.1%

Vietnamese

2.1%

Czech

2.1%

Maithili

2.1%

Ukrainian

2.1%

Slovak

2.1%

Hindi

2.1%

Arabic

2.1%

Cantonese

2.1%

Bengali

2.1%
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Analytical Laboratory Analyst Education

Schools

Columbia University

13.2%

New York University

9.4%

University of Washington

5.7%

University of Michigan - Ann Arbor

5.7%

University of Texas at Austin

5.7%

University of Chicago

5.7%

Cornell University

5.7%

Arizona State University

4.7%

University of Pennsylvania

4.7%

American University

4.7%

University of Cincinnati

4.7%

University of Florida

3.8%

University of California - Los Angeles

3.8%

Pennsylvania State University

3.8%

University of Phoenix

3.8%

Carnegie Mellon University

3.8%

San Jose State University

2.8%

Southern Methodist University

2.8%

Oregon State University

2.8%

University of Minnesota - Twin Cities

2.8%
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Majors

Business

19.7%

Finance

15.1%

Chemistry

9.0%

Economics

6.4%

Statistics

5.5%

Biology

4.9%

Management Science

4.6%

Marketing

4.3%

Management

4.1%

Computer Science

3.5%

Mathematics

3.5%

Accounting

3.2%

Electrical Engineering

2.9%

Biochemistry, Biophysics, Molecular Biology

2.6%

Information Systems

2.3%

Computer Information Systems

2.3%

Psychology

1.7%

Ecology, Population Biology, And Epidemiology

1.4%

Communication

1.4%

Counseling Psychology

1.4%
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Degrees

Bachelors

47.4%

Masters

37.1%

Other

4.8%

Doctorate

4.8%

Associate

3.2%

Certificate

2.1%

Diploma

0.4%

License

0.2%
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