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Become A Business Analyst Associate

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Working As A Business Analyst Associate

  • 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

  • $69,000

    Average Salary

What Does A Business Analyst Associate 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 A Business Analyst Associate

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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Business Analyst Associate Career Paths

Business Analyst Associate
Business Analyst Manager Finance Manager
Senior Finance Manager
11 Yearsyrs
Business Analyst Consultant Controller
Controller, Vice President
11 Yearsyrs
Business Analyst Consultant Information Technology Manager
Senior Information Technology Manager
10 Yearsyrs
Finance Analyst Senior Accountant Controller
Finance Controller
9 Yearsyrs
Finance Analyst Consultant Project Manager
Manager, Project Management
9 Yearsyrs
Finance Analyst Finance Manager Finance Director
Senior Director Of Finance
14 Yearsyrs
Data Analyst Team Leader Program Manager
Global Program Manager
10 Yearsyrs
Data Analyst Analyst Senior Finance Analyst
Finance Project Manager
8 Yearsyrs
Data Analyst Senior Analyst Senior Finance Analyst
Finance Leader
7 Yearsyrs
Business Analyst-Consultant Project Manager Product Manager
Vice President, Product Management
13 Yearsyrs
Business Analyst-Consultant Senior Business Analyst
Product Owner
9 Yearsyrs
Business Analyst-Consultant Senior Business Analyst Information Technology Manager
Application Manager
9 Yearsyrs
Information Technology Consultant Project Manager Consultant/Project Manager
Manager, Project Management Office
12 Yearsyrs
Information Technology Consultant Project Leader Project Management Lead
Change Manager
9 Yearsyrs
Information Technology Consultant Technical Business Analyst Business Process Analyst
Business Process Manager
10 Yearsyrs
Project Coordinator Senior Business Analyst Implementation Manager
Integration Manager
9 Yearsyrs
Project Coordinator Systems Analyst Business Systems Senior Analyst
Business Leader
8 Yearsyrs
Project Coordinator Project Leader Technology Architect
Vice President, Technology
11 Yearsyrs
Analyst Underwriter Asset Manager
Vending Manager
7 Yearsyrs
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Do you work as a Business Analyst Associate?

Help others decide if this is a good career for them

Average Length of Employment
Business Analyst 2.9 years
Top Careers Before Business Analyst Associate
Internship 10.3%
Analyst 4.4%
Associate 3.4%
Supervisor 2.3%
Top Careers After Business Analyst Associate
Consultant 3.6%
Associate 2.5%
Manager 2.4%
Analyst 2.2%

Do you work as a Business Analyst Associate?

Business Analyst Associate Demographics

Gender

Female

46.0%

Male

42.2%

Unknown

11.8%
Ethnicity

White

52.4%

Asian

20.5%

Hispanic or Latino

12.3%

Black or African American

10.5%

Unknown

4.3%
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Foreign Languages Spoken

Spanish

29.2%

Chinese

12.5%

French

8.3%

Mandarin

8.3%

German

6.3%

Vietnamese

4.2%

Korean

4.2%

Arabic

4.2%

Swahili

2.1%

Portuguese

2.1%

Indonesian

2.1%

Cantonese

2.1%

Serbian

2.1%

Japanese

2.1%

Russian

2.1%

Carrier

2.1%

Hindi

2.1%

Tamil

2.1%

Hmong

2.1%
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Business Analyst Associate Education

Schools

University of Phoenix

13.7%

Northeastern University

6.8%

University of Texas at Dallas

6.2%

Southern New Hampshire University

5.6%

Syracuse University

5.0%

University of Maryland - College Park

5.0%

George Mason University

5.0%

Suffolk University

5.0%

Saint Louis University-

4.3%

University of Texas at Austin

4.3%

University of Connecticut

4.3%

DePaul University

4.3%

University of Illinois at Chicago

4.3%

Lindenwood University

4.3%

University of Cincinnati

3.7%

San Jose State University

3.7%

University of Nevada - Reno

3.7%

Boston University

3.7%

University of Pittsburgh -

3.7%

Franklin University

3.1%
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Majors

Business

29.1%

Finance

13.3%

Computer Information Systems

7.1%

Computer Science

6.0%

Information Technology

5.1%

Accounting

4.6%

Management Information Systems

4.0%

Economics

4.0%

Marketing

4.0%

Management

3.9%

Information Systems

3.3%

Management Science

2.0%

Project Management

2.0%

Computer Engineering

2.0%

Electrical Engineering

1.9%

English

1.9%

Political Science

1.6%

International Business

1.5%

Communication

1.4%

Health Care Administration

1.4%
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Degrees

Bachelors

45.5%

Masters

36.0%

Other

8.3%

Associate

4.7%

Certificate

3.3%

Diploma

1.0%

Doctorate

1.0%

License

0.2%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$69,000
View Detailed Salary Report
$48,000
Min 10%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$98,000
Max 90%
Best Paying Company
Ernst & Young US
Highest Paying City
Jersey City, NJ
Highest Paying State
Washington
Avg Experience Level
2.1 years
How much does a Business Analyst Associate make at top companies?
The national average salary for a Business Analyst Associate in the United States is $69,460 per year or $33 per hour. Those in the bottom 10 percent make under $49,000 a year, and the top 10 percent make over $98,000.

Real Business Analyst Associate Salaries

Job Title Company Location Start Date Salary
Associate-Business Analyst JP Morgan Chase & Co New York, NY Feb 16, 2016 $133,723
Associate, Business Analyst Jpmorgan Chase & Co. Jersey City, NJ Sep 14, 2015 $130,000
Business Analyst, Associate Jpmorgan Chase & Co. New York, NY May 28, 2015 $120,000
Business Analyst Associate Manager Duck Creek Technologies LLC New Providence, NJ Oct 21, 2016 $118,000
Associate, Business Analyst, Technology and Data Division Management Morgan Stanley & Co. LLC New York, NY Sep 18, 2015 $117,700
Associate, Business Analyst Jpmorgan Chase & Co. Houston, TX Feb 15, 2016 $115,000
Enterprise Risk Business Analyst, Associate MUFG Union Bank, N.A. San Francisco, CA Aug 03, 2015 $115,000
Associate, Business Analyst JP Morgan Chase & Co New York, NY Jul 12, 2016 $114,000
Assurance Supervising Associate, Business Analyst Ernst & Young U.S. LLP Alpharetta, GA Oct 06, 2016 $113,044
Associate Business Analyst Jpmorgan Chase & Co. Jersey City, NJ Dec 12, 2016 $113,000
Associate, Business Analyst JP Morgan Chase & Co New York, NY Oct 28, 2016 $110,000
Associate, Business Analyst JP Morgan Chase & Co New York, NY Apr 15, 2016 $108,763
Associate, Business Analyst Jpmorgan Chase & Co. New York, NY Aug 01, 2015 $105,000
Associate-Business Analyst Jpmorgan Chase & Co. Newark, DE Jan 12, 2016 $105,000
Associate Business Analyst UST Global Inc. Wallingford, CT Feb 25, 2016 $70,907
Associate Business Analyst UST Global Inc. Bentonville, AR May 16, 2016 $70,324
Associate Business Analyst Rei Systems Inc. Sterling, VA Jul 21, 2015 $70,000
Associate Analyst, Business Systems Cotiviti USA LLC Braintree Town, MA Aug 24, 2016 $70,000
Associate Business Analyst Rei Systems Inc. Rockville, MD Jul 20, 2016 $70,000
Business Analyst-Associate Cortland Capital Market Services, LLC Chicago, IL Sep 16, 2016 $70,000
Associate Business Analyst UST Global Inc. Bentonville, AR Oct 01, 2015 $70,000
Associate Business Analyst UST Global Inc. Richmond, VA Sep 11, 2015 $62,600
Associate Business Analyst UST Global Inc. Richmond, VA Jan 01, 2016 $62,600
Associate Business Analyst Accenture LLP Houston, TX Oct 09, 2016 $62,600
Associate Business Analyst Accenture LLP Hartford, CT Aug 25, 2016 $62,600
Associate Business Analyst Accenture LLP Richmond, VA Nov 08, 2016 $62,600
Associate Business Analyst-US Infosys Limited Atlanta, GA Aug 20, 2016 $62,574
Associate Business Analyst-US Infosys Limited Houston, TX Jun 08, 2016 $62,574

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Top Skills for A Business Analyst Associate

  1. Test Cases
  2. Financial Statements
  3. Business Processes
You can check out examples of real life uses of top skills on resumes here:
  • Developed system integration test cases, executed tests, and ensured results corresponded to business expectations.
  • Linked business processes to organizational objectives, perform critical path analysis, and identify opportunities for business process improvement.
  • Developed a QlikView project management dashboard for management to interactively analyze project performance.
  • Collaborated with project managers developing project schedules using PM tools, constructing management plans and subsidiary project plans including business requirements.
  • Project Responsibilities: Analyzed the functional requirements of the system and gathered information to design User Interface modules.

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Top 10 Best States for Business Analyst Associates

  1. New York
  2. New Jersey
  3. District of Columbia
  4. Maryland
  5. Connecticut
  6. Washington
  7. North Carolina
  8. Rhode Island
  9. Alabama
  10. New Hampshire
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  • (919 jobs)
  • (1,130 jobs)
  • (649 jobs)
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  • (160 jobs)
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