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Become An Analytics Consultant

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Working As An Analytics Consultant

  • 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

  • $94,000

    Average Salary

What Does An Analytics Consultant 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 Analytics Consultant

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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Analytics Consultant Career Paths

Analytics Consultant
Analytical Manager
Director Of Analytics
12 Yearsyrs
Analytical Manager Senior Manager Senior Project Manager
Senior Information Technology Manager
10 Yearsyrs
Analytical Manager Senior Manager Director
Director Of Strategy
11 Yearsyrs
Project Manager Product Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Project Manager Business Development Manager
Senior Business Development Manager
10 Yearsyrs
Project Manager Business Manager Finance Manager
Manager Finance Planning And Analysis
8 Yearsyrs
Senior Consultant Senior Project Manager
Director Program Management
12 Yearsyrs
Senior Consultant Manager Program Manager
Engagement Manager
9 Yearsyrs
Senior Consultant Manager Human Resources Manager
Business Partner
8 Yearsyrs
Analytical Manager
8 Yearsyrs
Vice President Vice President And Manager Development Director
Director Of Software Development
12 Yearsyrs
Manager Account Manager Product Manager
Vice President, Product Management
13 Yearsyrs
Senior Manager
Practice Leader
11 Yearsyrs
Senior Obiee Developer Senior/Lead Developer Technical Project Manager
Product Owner
9 Yearsyrs
Senior Obiee Developer Senior/Lead Developer Solutions Architect
Solutions Manager
8 Yearsyrs
Senior Obiee Developer Senior/Lead Developer Manager Applications Development
Manager, Project Management Office
12 Yearsyrs
Product Manager Merchandising Manager Planning Manager
Manager, Strategy
8 Yearsyrs
Information Technology Project Manager Release Manager
Integration Manager
9 Yearsyrs
Project Analyst Senior Software Engineer Senior Technical Consultant
Vice President, Technology
11 Yearsyrs
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Do you work as an Analytics Consultant?

Help others decide if this is a good career for them

Do you work as an Analytics Consultant?

Average Yearly Salary
$94,000
View Detailed Salary Report
$66,000
Min 10%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$133,000
Max 90%
Best Paying Company
Google
Highest Paying City
San Francisco, CA
Highest Paying State
Alaska
Avg Experience Level
1.8 years
How much does an Analytics Consultant make at top companies?
The national average salary for an Analytics Consultant in the United States is $94,425 per year or $45 per hour. Those in the bottom 10 percent make under $66,000 a year, and the top 10 percent make over $133,000.

Real Analytics Consultant Salaries

Job Title Company Location Start Date Salary
Advanced Analytics Consultant (Quantitative Analytics MGR) Wells Fargo Bank, N.A. Charlotte, NC Feb 01, 2016 $260,000
Quantitative Analytics Consultant (Mathematician) Wells Fargo Bank, N.A. Charlotte, NC Jun 14, 2016 $194,000
Quantitative Analytics Consultant Wells Fargo Bank, N.A. Charlotte, NC Sep 11, 2015 $190,000
Quantitative Analytics Consultant 3 (Mathematician) Wells Fargo Bank, N.A. Charlotte, NC Jan 27, 2015 $190,000
Analytic Consultant Lead 84.51 LLC Cincinnati, OH Jan 12, 2015 $180,000 -
$250,000
Quantitative Analytics Consultant Wells Fargo Bank, N.A. San Francisco, CA Oct 12, 2016 $167,600
Quantitative Analytics Consultant 1 Wells Fargo Bank, N.A. San Francisco, CA Aug 15, 2016 $166,100
Principal Coldlight Analytics Consultant Coldlight Solutions, LLC Wayne, PA Sep 14, 2015 $145,000
Quantitative Analytics Consultant (Statistician) Wells Fargo Bank, N.A. McLean, VA May 23, 2016 $137,500
Retail and Customer Analytics Consultant Slalom, LLC New York, NY Jun 17, 2016 $134,000 -
$170,000
Retail and Customer Analytics Consultant Slalom, LLC Lyndhurst, NJ Jun 17, 2016 $134,000 -
$170,000
Quantitative Analytics Consultant 1 Wells Fargo Bank, N.A. Wilmington, DE Feb 09, 2016 $133,000
Retail and Customer Analytics Consultant Slalom, LLC New York, NY Nov 20, 2015 $132,558 -
$150,000
Consultant, Analytics Discover Products Inc. Riverwoods, IL Feb 11, 2015 $90,376 -
$114,240
Power Analytics Consultant Alevo, Inc. Concord, NC Sep 16, 2016 $90,000
Consultant, Insights & Analytics NEO@Ogilvy LLC New York, NY Jan 07, 2016 $90,000
Analytics Consultant 159 Solutions, Inc. Burlingame, CA Jan 15, 2015 $90,000
Senior Analytics Consultant IBM Corporation Philadelphia, PA Mar 24, 2016 $90,000 -
$187,000
Senior Analytics Consultant Exlservice.com, LLC Jersey City, NJ Nov 21, 2016 $90,000 -
$115,000
Analytics Consultant Rapidminer, Inc. Cambridge, MA Apr 03, 2015 $90,000
Senior Data Analytics Consultant United Healthcare Services, Inc. Sugar Land, TX Jan 04, 2016 $79,456 -
$83,000
Analytics Consultant Bridgei2I Analytics Solutions Inc. Fremont, CA Sep 20, 2015 $79,144
Analytics Consultant I Hewitt Associates LLC Lincolnshire, IL Sep 21, 2015 $79,000
Analytics Consultant Information Resources, Inc. Edison, NJ Mar 25, 2016 $78,728 -
$171,667
Analytics Consultant II Iteris, Inc. Berkeley, CA Mar 06, 2016 $78,541
Consultant, Advanced Analytics Cardinal Health, Inc. Dublin, OH Jan 09, 2016 $78,478 -
$121,250
Consultant, Advanced Analytics Cardinal Health, Inc. Dublin, OH Jan 09, 2016 $77,917 -
$120,650
Consultant, Analytics Discover Products Inc. Riverwoods, IL Jan 06, 2015 $77,917 -
$101,000

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Top Skills for An Analytics Consultant

  1. Business Requirements
  2. Dashboards
  3. SQL
You can check out examples of real life uses of top skills on resumes here:
  • Reviewed business requirements and technical specification documents and analyzed uses cases, functional requirements to write detailed test cases.
  • Managed security privileges for each subject area and dashboards according to user requirements.
  • Analyzed data to identify operational problems and/or errors and created temporary solutions using SQL to ensure timely reporting.
  • Provide consulting services in data management, marketing strategy, business analysis, and marketing analytics.
  • Produced the Business Requirements Definition, Technical Requirements documents, and project plans for large-scale data warehouse project.

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Top 10 Best States for Analytics Consultants

  1. North Carolina
  2. Rhode Island
  3. Delaware
  4. California
  5. Minnesota
  6. Virginia
  7. Connecticut
  8. Texas
  9. New York
  10. New Jersey
  • (644 jobs)
  • (106 jobs)
  • (44 jobs)
  • (2,392 jobs)
  • (444 jobs)
  • (789 jobs)
  • (248 jobs)
  • (1,200 jobs)
  • (952 jobs)
  • (611 jobs)

Analytics Consultant Demographics

Gender

Male

55.3%

Female

29.5%

Unknown

15.2%
Ethnicity

White

49.6%

Asian

23.3%

Hispanic or Latino

11.8%

Black or African American

9.8%

Unknown

5.4%
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Foreign Languages Spoken

Spanish

28.6%

Mandarin

15.2%

Chinese

11.4%

French

10.5%

Portuguese

4.8%

Hindi

3.8%

Polish

3.8%

Cantonese

2.9%

German

2.9%

Gujarati

1.9%

Malay

1.9%

Italian

1.9%

Japanese

1.9%

Hebrew

1.9%

Arabic

1.9%

Telugu

1.0%

Vietnamese

1.0%

Dutch

1.0%

Korean

1.0%

Danish

1.0%
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Analytics Consultant Education

Schools

University of Phoenix

7.6%

University of Minnesota - Twin Cities

6.9%

Columbia University

6.9%

University of Cincinnati

5.5%

Northwestern University

5.5%

New York University

5.1%

University of Michigan - Ann Arbor

5.1%

Arizona State University

4.7%

DePaul University

4.7%

Georgia Institute of Technology -

4.7%

University of Chicago

4.7%

University of Illinois at Chicago

4.4%

Pennsylvania State University

4.4%

Carnegie Mellon University

4.4%

University of Texas at Austin

4.4%

Southern Methodist University

4.4%

Duke University

4.4%

Boston University

4.4%

Villanova University

4.0%

Cornell University

4.0%
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Majors

Business

20.1%

Finance

10.5%

Statistics

8.3%

Management Science

7.4%

Economics

6.6%

Marketing

6.5%

Computer Science

5.3%

Chemistry

5.2%

Mathematics

4.4%

Management

4.3%

Computer Information Systems

3.0%

Information Systems

2.6%

Accounting

2.6%

Information Technology

2.3%

Industrial Engineering

2.0%

Management Information Systems

1.9%

Engineering

1.9%

Electrical Engineering

1.7%

Computer Engineering

1.7%

Project Management

1.5%
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Degrees

Masters

51.0%

Bachelors

33.2%

Doctorate

6.0%

Other

5.6%

Certificate

2.5%

Associate

1.4%

Diploma

0.4%
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