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Become A Business Analyst/Project Manager

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Working As A Business Analyst/Project Manager

  • 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

  • $125,216

    Average Salary

What Does A Business Analyst/Project Manager 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/Project Manager

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/Project Manager jobs

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Business Analyst/Project Manager Career Paths

Business Analyst/Project Manager
Information Technology Project Manager Director Of Information
Chief Information Officer
11 Yearsyrs
Consultant/Project Manager Solutions Architect
Customer Relationship Management Manager
8 Yearsyrs
Information Technology Consultant Chief Information Officer
Director Of Enterprise Architecture
14 Yearsyrs
Information Technology Project Manager Senior Manager
Director Of Information
10 Yearsyrs
Technical Project Manager Information Technology Manager
Director, Applications
13 Yearsyrs
Senior Management Consultant Senior Finance Analyst
Finance Project Manager
7 Yearsyrs
Program Manager Information Technology Project Manager
Information Technology Director
10 Yearsyrs
Technical Project Manager
Manager, Project Management
10 Yearsyrs
Manager And Consultant Technical Project Manager
Manager, Project Management Office
12 Yearsyrs
Senior Project Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Consultant/Project Manager Senior Business Analyst
Product Owner
9 Yearsyrs
Senior Project Manager Program Management Consultant
Program Manager
8 Yearsyrs
Information Technology Consultant Director Of Information
Senior Director Of Information & Technology
13 Yearsyrs
Product Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Project Manager Program Manager
Senior Project Manager
12 Yearsyrs
Project Manager Senior Project Manager
Senior Technical Program Manager
12 Yearsyrs
Manager And Consultant Senior Recruiter
Talent Acquisition Manager
9 Yearsyrs
Program Manager Senior Manager
Vice President Of Information Technology
12 Yearsyrs
Product Manager Product Management Director
Vice President, Product Management
13 Yearsyrs
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Average Length of Employment
Project Manager 3.6 years
Principal Analyst 3.3 years
Business Leader 3.0 years
Business Analyst 3.0 years
Project Analyst 3.0 years
Analyst Lead 2.9 years
Project Leader 2.8 years
Analyst 2.4 years
Business Architect 2.3 years
Project Consultant 1.9 years
PMO Consultant 1.3 years
Top Employers Before
Consultant 4.0%
Analyst 1.5%
Top Employers After
Consultant 3.8%

Business Analyst/Project Manager Demographics

Gender

Male

54.7%

Female

42.7%

Unknown

2.6%
Ethnicity

White

68.8%

Asian

17.6%

Hispanic or Latino

8.6%

Unknown

4.1%

Black or African American

1.1%
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Languages Spoken

Spanish

38.0%

French

11.3%

Portuguese

8.0%

Mandarin

4.7%

Chinese

4.7%

Hindi

4.0%

Russian

4.0%

Japanese

3.3%

Polish

3.3%

Arabic

3.3%

Carrier

2.7%

German

2.7%

Italian

2.0%

Romanian

1.3%

Dutch

1.3%

Vietnamese

1.3%

Urdu

1.3%

Cheyenne

1.3%

Swahili

0.7%

Turkish

0.7%
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Business Analyst/Project Manager Education

Schools

University of Phoenix

17.8%

Villanova University

10.1%

George Washington University

7.7%

New York University

5.7%

DePaul University

5.3%

University of Houston

4.7%

Northeastern University

4.5%

Pace University - New York

4.0%

New Jersey Institute of Technology

3.8%

University of Texas at Dallas

3.6%

Stevens Institute of Technology

3.6%

Strayer University

3.6%

Syracuse University

3.4%

Georgia State University

3.4%

San Jose State University

3.4%

University of Maryland - University College

3.0%

Arizona State University

3.0%

Temple University

3.0%

Texas A&M University

3.0%

George Mason University

3.0%
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Majors

Business

27.9%

Computer Science

10.3%

Finance

9.3%

Project Management

8.1%

Computer Information Systems

5.9%

Management

4.6%

Management Information Systems

4.3%

Information Technology

3.8%

Accounting

3.4%

Information Systems

3.3%

Marketing

3.0%

Electrical Engineering

2.9%

Computer Engineering

2.2%

Economics

2.1%

Communication

2.0%

Management Science

1.6%

Psychology

1.5%

Mathematics

1.4%

English

1.3%

Education

1.3%
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Degrees

Bachelors

38.8%

Masters

38.6%

Other

12.6%

Certificate

4.5%

Associate

3.1%

Doctorate

1.4%

Diploma

0.8%

License

0.2%
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Temporary

Real Business Analyst/Project Manager Salaries

Job Title Company Location Start Date Salary
Business Analyst Project Manager, Vice President Goldman Sachs Services LLC Jersey City, NJ Oct 27, 2014 $188,843
Business Analyst Project Manager, VP Goldman Sachs Bank USA New York, NY Oct 27, 2014 $188,843
Business Analyst Project Manager VP Goldman Sachs & Co. New York, NY Sep 23, 2015 $188,800
Vice President/Business Analyst Project Manager Goldman Sachs Bank USA New York, NY Sep 01, 2014 $165,000
Test Business Analyst/Project Manager Princeton Information, Ltd. New York, NY Feb 05, 2016 $160,000
AVP, Business Analyst-Project Manager, Global TE Barclays Services Corp. New York, NY Jan 21, 2013 $160,000
Test Business Analyst/Project Manager Princeton Information, Ltd. New York, NY Apr 04, 2016 $160,000
SR. Business Analyst, Project Manager Jpmorgan Chase & Co. Jersey City, NJ Aug 02, 2013 $160,000
SR. Business Analyst, Project Manager JP Morgan Chase & Co NJ Apr 02, 2016 $160,000
Vice President, Business Analyst/Project Manager Goldman, Sachs & Co. New York, NY Mar 01, 2013 $155,000
Senior Business Analyst/Project Manager AIG Global Asset Management Holdings Corp. Wilton, CT Apr 13, 2015 $154,000
Director, Business Analyst/Project Manager UBS Services LLC New York, NY Jan 04, 2016 $153,546 -
$190,000
Big Data Business Analyst and Technical Project Manager AIG Employee Services, Inc. Berkeley Heights, NJ Jun 23, 2016 $125,000
Vice President, Business Analyst/Project Manager Bank of America N.A. New York, NY Sep 29, 2013 $122,500 -
$142,500
Business Analyst/Project Manager The Oakleaf Group Washington, DC Dec 11, 2013 $120,000
Business Analyst/Project Manager Slalom LLC San Francisco, CA Jan 27, 2014 $120,000 -
$130,000
Business Analyst/Project Manager Slalom LLC San Francisco, CA Apr 07, 2014 $120,000 -
$130,000
Business Analyst/Project Manager The Oakleaf Group, LLC Washington, DC Dec 11, 2013 $120,000
Vice President/Business Analyst Project Manager Goldman Sachs Services LLC Jersey City, NJ Sep 01, 2013 $118,000
Business Analyst/Technical Project Manager Slalom LLC Seattle, WA Feb 09, 2014 $100,000 -
$130,000
Business Analyst/Technical Project Manager Slalom LLC Seattle, WA Sep 15, 2014 $100,000 -
$130,000
SR. Business Analyst/Project Manager Asap Solutions Group Richardson, TX Apr 29, 2014 $100,000
SR. Business Analyst/Project Manager Asap Solutions Group Richardson, TX Sep 26, 2014 $100,000
Business Analyst/Jr. Project Manager Slalom LLC San Francisco, CA Aug 27, 2014 $100,000 -
$135,000
Business Analyst/Technical Project Manager Slalom LLC Seattle, WA Sep 02, 2014 $100,000 -
$130,000
Associate, Business Analyst/Project Manager Jpmorgan Chase & Co. Houston, TX Dec 21, 2015 $100,000
Senior Business Analyst Project Manager Sunsoft LLC Phoenix, AZ Aug 01, 2015 $100,000

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Top Skills for A Business Analyst/Project Manager

BusinessRequirementsBusinessProcessProjectManagementBusinessStakeholdersStatusReportsProjectScopeProjectPlansWebFinancialSQLServerUATComplianceApplicationDevelopmentDataWarehouseVisioQASharepointTestCasesSdlcUserAcceptance

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Top Business Analyst/Project Manager Skills

  1. Business Requirements
  2. Business Process
  3. Project Management
You can check out examples of real life uses of top skills on resumes here:
  • Analyze business requirements and determined business solutions required to maintain and support client needs.
  • Trained teams on Web analysis, design, testing methodologies, and business process design/improvement using six sigma methods and tools.
  • Project Management responsibilities for all aspects of client needs for scope of work to implementation and support.
  • Partnered with business stakeholders to define warehousing IT solutions and to verify they satisfied business needs.
  • Provided status reports, project updates, and gap analysis, issue tracking, and communication at the team level.

Top Business Analyst/Project Manager Employers

Business Analyst/Project Manager Videos

Business Analysis Training: Describe your project

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