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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

  • $94,930

    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 jobs

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Average Length of Employment
Staff Analyst 3.8 years
Principal Analyst 3.3 years
Business Analyst 3.0 years
Analyst Lead 2.9 years
Document Analyst 2.5 years
Product Analyst 2.4 years
Analyst 2.4 years
Data Analyst 2.3 years
Top Employers Before
Associate 4.0%
Top Employers After
Consultant 3.2%

Business Analyst Associate Demographics

Gender

Female

48.3%

Male

46.1%

Unknown

5.6%
Ethnicity

White

64.7%

Asian

21.3%

Hispanic or Latino

8.9%

Unknown

3.5%

Black or African American

1.5%
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Languages Spoken

Spanish

33.3%

Arabic

16.7%

Carrier

16.7%

Vietnamese

16.7%

French

16.7%
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Business Analyst Associate Education

Schools

University of Chicago

7.7%

Central Michigan University

7.7%

University of North Texas

7.7%

Syracuse University

5.1%

University of Texas at Arlington

5.1%

San Jose State University

5.1%

University of South Carolina - Columbia

5.1%

Boston University

5.1%

Bryant University

5.1%

New York University

5.1%

Wichita State University

5.1%

Rutgers University-Newark

5.1%

University of Phoenix

5.1%

Rensselaer Polytechnic Institute

5.1%

University of Maryland - College Park

5.1%

Florida State University

5.1%

Bryan College

2.6%

Texas A&M University

2.6%

Marshall University

2.6%

Framingham State University

2.6%
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Majors

Business

30.6%

Finance

12.9%

Accounting

7.3%

Marketing

5.6%

Computer Science

4.8%

Computer Information Systems

4.8%

Economics

4.0%

Psychology

3.2%

Management Information Systems

3.2%

Project Management

3.2%

Information Technology

3.2%

Engineering And Industrial Management

3.2%

Management

2.4%

Information Systems

2.4%

Management Science

1.6%

Political Science

1.6%

English

1.6%

Educational Leadership

1.6%

Electrical Engineering

1.6%

School Counseling

0.8%
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Degrees

Bachelors

39.2%

Masters

38.6%

Other

12.7%

Certificate

5.1%

Associate

3.2%

Diploma

0.6%

Doctorate

0.6%
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Job type you want
Full Time
Part Time
Internship
Temporary

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 &Amp; 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
Enterprise Risk Business Analyst, Associate MUFG Union Bank, N.A. San Francisco, CA Aug 03, 2015 $115,000
Associate, Business Analyst Jpmorgan Chase & Co. Houston, TX Feb 15, 2016 $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
Business Associate Analyst-Pricing Strategy Aramark Management, LLC Philadelphia, PA Feb 09, 2016 $70,000
Associate Business Analyst UST Global Inc. Bentonville, AR Oct 01, 2015 $70,000
Associate Analyst, Business Systems Cotiviti USA LLC Braintree Town, MA Aug 24, 2016 $70,000
Business Analyst-Associate Cortland Capital Market Services, LLC Chicago, IL Sep 16, 2016 $70,000
Associate Business Analyst Accenture LLP Richmond, VA Nov 08, 2016 $62,600
Associate Business Analyst Accenture LLP Hartford, CT Aug 25, 2016 $62,600
Associate Business Analyst Accenture LLP Houston, TX Oct 09, 2016 $62,600
Associate Business Analyst UST Global Inc. Richmond, VA Jan 01, 2016 $62,600
Associate Business Analyst UST Global Inc. Richmond, VA Sep 11, 2015 $62,600
Associate Business Analyst-US Infosys Limited Atlanta, GA Aug 20, 2016 $62,574
Associate Business Analyst-US Infosys Limited Houston, TX Aug 19, 2016 $62,574

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Top Skills for A Business Analyst Associate

ProceduresBusinessProcessModelsComplianceTestPlansUATProjectManagementWebTestCasesUserAcceptanceSQLServerQASubjectMatterManagementSystemMicrosoftVisioSharepointDataAnalysisMatterExpertFunctionalRequirementsWindowsBusinessPartners

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Top Business Analyst Associate Skills

  1. Procedures
  2. Business Process Models
  3. Compliance
You can check out examples of real life uses of top skills on resumes here:
  • Developed a team for creating Business Process Procedures and Detailed Process Documentations.
  • Prepared Business Process Models that includes modeling of all the activities of the business from the conceptual to procedural level.
  • Validated customer balances for Shared National Credit reporting to ensure OCC compliance
  • Supported development projects by creating business specifications and test plans.
  • Developed the first scoring system (Social Media Equation) to quantify company s social media presence.

Top Business Analyst Associate Employers