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Become An Associate Analyst

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Working As An Associate 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

  • $69,460

    Average Salary

What Does An Associate 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 Associate 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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Associate Analyst Career Paths

Associate Analyst
Equity Analyst Senior Analyst Solutions Architect
Customer Relationship Management Manager
8 Yearsyrs
Business Analyst Information Technology Project Manager Program Manager
Engagement Manager
9 Yearsyrs
Analyst Senior Finance Analyst Controller
Finance Controller
9 Yearsyrs
Assistant Vice President Director Of Human Resources Talent Acquisition Manager
Global Manager
11 Yearsyrs
Project Manager General Manager Regional Manager
Group Manager
8 Yearsyrs
Analyst Finance Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Senior Analyst Senior Finance Analyst Assistant Vice President
Manager, Assistant Vice President
7 Yearsyrs
Data Analyst Business Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Senior Analyst Project Manager Program Manager
Portfolio Manager
7 Yearsyrs
Equity Analyst Managing Director Supply Chain Manager
Process Improvement Manager
10 Yearsyrs
Research Analyst Research Manager
Research Director
7 Yearsyrs
Data Analyst Senior Analyst Risk Manager
Risk Management Director
10 Yearsyrs
Equity Research Analyst Business Analyst Solutions Architect
Solutions Manager
8 Yearsyrs
Finance Analyst Assistant Vice President
Vice President And Manager
10 Yearsyrs
Finance Analyst Product Manager Director Of Product Development
Vice President Product Development
13 Yearsyrs
Research Analyst Marketing Manager Marketing Vice President
Vice President, Strategy
13 Yearsyrs
Business Analyst Assistant Vice President
Vice President, Technology
11 Yearsyrs
Project Manager Product Manager Product Management Director
Vice President-Products
13 Yearsyrs
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Associate Analyst Demographics

Gender

Male

50.0%

Female

46.3%

Unknown

3.7%
Ethnicity

White

53.7%

Asian

17.4%

Hispanic or Latino

14.3%

Black or African American

10.4%

Unknown

4.2%
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Foreign Languages Spoken

Spanish

29.4%

French

14.1%

Mandarin

10.7%

Chinese

9.0%

German

6.8%

Cantonese

4.5%

Hindi

4.0%

Japanese

3.4%

Korean

2.8%

Russian

2.3%

Italian

2.3%

Portuguese

1.7%

Turkish

1.1%

Gujarati

1.1%

Dutch

1.1%

Vietnamese

1.1%

Bengali

1.1%

Marathi

1.1%

Filipino

1.1%

Polish

1.1%
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Associate Analyst Education

Schools

New York University

11.9%

University of Phoenix

10.0%

Cornell University

7.1%

University of Chicago

7.1%

Georgetown University

5.7%

Columbia University

4.8%

Northwestern University

4.3%

Villanova University

4.3%

George Mason University

4.3%

University of Connecticut

4.3%

Bentley University

3.8%

University of Maryland - University College

3.8%

University of Notre Dame

3.8%

University of Delaware

3.8%

Boston University

3.8%

Drexel University

3.8%

Brigham Young University

3.3%

George Washington University

3.3%

University of Pennsylvania

3.3%

Fordham University

3.3%
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Majors

Business

28.0%

Finance

19.2%

Economics

7.2%

Accounting

6.3%

Marketing

4.5%

Computer Science

4.3%

Computer Information Systems

3.6%

Management

3.4%

Political Science

2.9%

Information Technology

2.6%

Management Information Systems

2.1%

Psychology

2.0%

Electrical Engineering

1.9%

Communication

1.9%

Management Science

1.8%

English

1.8%

Project Management

1.7%

Health Care Administration

1.7%

Law

1.7%

Mathematics

1.6%
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Degrees

Bachelors

41.6%

Masters

37.2%

Other

10.6%

Associate

4.4%

Certificate

3.0%

Doctorate

2.4%

Diploma

0.7%

License

0.1%
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Associate Analyst Videos

CEO Lloyd Blankfein Shares Career Advice With Summer Interns

What Does a Warehouse Inventory Control Clerk Do? : Career Advice & More

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Real Associate Analyst Salaries

Job Title Company Location Start Date Salary
Strategist/Analyst Emerging Markets (Associate Director) Babson Capital Management LLC Boston, MA Sep 05, 2015 $209,998
Associate, Analyst Solutions Team, Research Division Morgan Stanley & Co. LLC New York, NY Jun 10, 2015 $160,000
LAF Analyst Associate HSBC Securities (USA) Inc. New York, NY Jul 25, 2016 $150,000
Associate, Analyst (E&P) Castleton Commodities Management Services LLC Stamford, CT Mar 25, 2016 $150,000
Associate, Valuations Analyst Fortress Capital Finance III (A) LLC New York, NY Aug 08, 2016 $124,592 -
$154,003
Associate Analyst QRI International, LLC Houston, TX Sep 01, 2015 $120,000
Associate, Strategy Analyst Jpmorgan Chase & Co. New York, NY Aug 10, 2015 $120,000
Associate, Strategy Analyst Jpmorgan Chase & Co. New York, NY Sep 12, 2015 $115,000
Associate Analyst I Moody's Investors Service, Inc. New York, NY Nov 16, 2015 $112,000
Associate, Analyst Developer Jpmorgan Chase & Co. New York, NY Aug 23, 2016 $110,000
Associate Analyst 1 Moody's Investors Service, Inc. New York, NY Aug 01, 2015 $110,000
BI Analyst Associate Inflection.Com, Inc. Redwood City, CA Aug 22, 2016 $110,000
Associate Analyst 1 Moody's Investors Service, Inc. New York, NY Jan 09, 2016 $108,808
Associate Analyst 2 Moody's Investors Service, Inc. New York, NY Sep 01, 2016 $83,720
Associate Analyst 2 Moody's Investors Service, Inc. New York, NY Jan 09, 2016 $83,720
Associate Analyst III Parsons Brinckerhoff, Inc. Washington, DC Mar 09, 2016 $83,387
Junior Project Owner-Associate/Analyst Jpmorgan Chase & Co. New York, NY Nov 16, 2015 $82,500
Associate Analyst Acxiom Corporation New York, NY Nov 19, 2015 $80,995 -
$89,378
Associate Analyst Riot Games, Inc. Los Angeles, CA May 27, 2016 $80,018 -
$96,866
Associate Analyst Riot Games, Inc. Los Angeles, CA Oct 08, 2016 $80,018 -
$96,866
Associate, Analyst Dunnhumby USA, LLC Cincinnati, OH Sep 19, 2015 $68,786 -
$80,000
Associate, Analyst Dunnhumby USA, LLC Cincinnati, OH Sep 16, 2015 $68,786 -
$75,000
Associate Analyst 3 Moody's Investors Service, Inc. New York, NY Feb 15, 2016 $68,775
Associate Analyst National Economic Research Associates, Inc. Los Angeles, CA Aug 25, 2016 $68,640 -
$78,000
Associate Analyst 2 Moody's Investors Service, Inc. New York, NY Aug 01, 2015 $68,400
LD&T Associate Analyst Pepsico, Inc. Plano, TX Jul 31, 2015 $68,000
Associate Analyst National Economic Research Associates New York, NY Aug 08, 2016 $67,500 -
$80,000
Associate Analyst Greenfield Advisors, LLC Seattle, WA Dec 22, 2016 $66,784 -
$85,567

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Top Skills for An Associate Analyst

  1. Financial Models
  2. Access Databases
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Designed and reviewed detailed financial models to determine the impact of acquisitions, leveraged buyouts and refinancing transactions on issuer ratings.
  • Flowcharted, wrote procedure documents and developed MS Access databases and Excel spreadsheet applications for various billing processes.
  • Developed operational procedures detailing program features and functions, customer communication materials, and conducted program training for NYC Transit departments.
  • Imparted CWC policy recommendations to the U.S. Army Chemical Materials Agency Center for Treaty Implementation and Compliance (CTIC)
  • Analyzed financial statements, updated models and opinions, developed alternative valuation models, communicated with management and initiated coverage.

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Top 10 Best States for Associate Analysts

  1. Connecticut
  2. New York
  3. Virginia
  4. District of Columbia
  5. Maryland
  6. Washington
  7. Alabama
  8. North Carolina
  9. Rhode Island
  10. Colorado
  • (488 jobs)
  • (2,650 jobs)
  • (2,527 jobs)
  • (1,000 jobs)
  • (1,217 jobs)
  • (787 jobs)
  • (362 jobs)
  • (1,154 jobs)
  • (158 jobs)
  • (875 jobs)

Top Associate Analyst Employers

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