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Become A Business Associate

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Working As A Business 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

  • $72,629

    Average Salary

What Does A Business 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 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 Associate jobs

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Business Associate Career Paths

Business Associate
Project Manager Construction Manager Operations Manager
Assistant Vice President
7 Yearsyrs
Business Developer Real Estate Agent Recruiter
Director Of Talent Acquisition
12 Yearsyrs
Senior Associate Project Manager Program Manager
General Manager
7 Yearsyrs
Business Manager Service Manager Branch Manager
Manager, Assistant Vice President
7 Yearsyrs
Project Manager Program Manager Marketing Manager
Marketing Director
7 Yearsyrs
Senior Associate Senior Consultant Program Manager
Marketing Manager
6 Yearsyrs
Account Manager Sales Manager Regional Sales Manager
National Account Manager
8 Yearsyrs
Account Executive Sales Consultant Sales Manager
Operations Manager
7 Yearsyrs
Account Manager Product Manager
Product Marketing Manager
7 Yearsyrs
Account Executive Sales Manager
Regional Sales Manager
9 Yearsyrs
Business Manager Controller Finance Director
Senior Director Of Finance
14 Yearsyrs
Human Resources Coordinator Human Resources Generalist
Senior Human Resources Generalist
7 Yearsyrs
Human Resources Coordinator Human Resources Manager
Senior Human Resources Manager
9 Yearsyrs
Business Analyst Product Manager
Senior Product Manager
9 Yearsyrs
Accountant Account Manager
Strategic Accounts Manager
9 Yearsyrs
Accountant Finance Analyst Assistant Vice President
Vice President And Manager
10 Yearsyrs
Business Developer Business Development Officer Assistant Vice President
Vice President Operation Manager
9 Yearsyrs
Business Planning Manager Marketing Manager Senior Product Manager
Vice President Product Development
12 Yearsyrs
Business Analyst Program Manager Business Developer
Vice President, Business Development
13 Yearsyrs
Business Planning Manager Senior Manager Product Management Director
Vice President, Product Management
13 Yearsyrs
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Business Associate Demographics

Gender

Female

59.0%

Male

38.1%

Unknown

3.0%
Ethnicity

White

72.2%

Asian

12.5%

Hispanic or Latino

12.0%

Unknown

2.5%

Black or African American

0.8%
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Languages Spoken

Spanish

44.9%

French

10.6%

Mandarin

6.9%

Chinese

6.0%

Italian

4.6%

Hindi

3.7%

Portuguese

3.7%

German

3.2%

Japanese

2.8%

Russian

1.9%

Cantonese

1.9%

Urdu

1.9%

Korean

1.4%

Polish

1.4%

Gujarati

0.9%

Albanian

0.9%

Malayalam

0.9%

Dakota

0.9%

Arabic

0.9%

Swahili

0.5%
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Business Associate Education

Schools

University of Phoenix

13.1%

Boise State University

8.6%

New York University

6.9%

Fordham University

6.5%

Texas A&M University

6.5%

Georgetown University

5.3%

Southern New Hampshire University

4.9%

University of Texas at Austin

4.5%

Northeastern University

4.5%

Bergen Community College

4.1%

Boston University

4.1%

University of Pennsylvania

3.7%

University of Iowa

3.7%

Columbia University

3.7%

Duke University

3.7%

Southern Connecticut State University

3.3%

University of North Carolina at Greensboro

3.3%

George Washington University

3.3%

Arizona State University

3.3%

Temple University

3.3%
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Majors

Business

29.9%

Law

8.9%

Finance

8.8%

Accounting

7.5%

Marketing

4.8%

Communication

4.2%

Management

4.1%

Health Care Administration

3.9%

Psychology

3.4%

Computer Science

3.3%

Economics

2.6%

Political Science

2.6%

Nursing

2.6%

Human Resources Management

2.5%

Liberal Arts

2.4%

English

2.1%

Criminal Justice

1.7%

Information Technology

1.6%

Sociology

1.6%

Computer Information Systems

1.6%
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Degrees

Bachelors

39.9%

Masters

22.8%

Other

16.3%

Associate

8.6%

Doctorate

7.3%

Certificate

3.7%

Diploma

1.0%

License

0.4%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Business Associate Salaries

Job Title Company Location Start Date Salary
Associate, Advisory Business Perella Weinberg Partners Group LP New York, NY Aug 24, 2015 $190,000 -
$210,000
Associate, Advisory Business Perella Weinberg Partners Group LP New York, NY Feb 15, 2016 $175,000
Associate, Advisory Business Perella Weinberg Partners Group LP New York, NY Sep 26, 2015 $125,133 -
$200,000
Associate, Advisory Business Perella Weinberg Partners Group LP New York, NY Sep 28, 2015 $125,133 -
$200,000
Associate, Advisory Business Perella Weinberg Partners Group LP New York, NY Aug 24, 2015 $125,133 -
$200,000
Business Associate Citadel LLC New York, NY Apr 25, 2016 $125,000
Business Strategy Associate Mpg Operations LLC New York, NY Sep 09, 2016 $125,000
Business Associate Citibank, N.A. New York, NY Feb 02, 2016 $125,000
Business Integrity Associate Facebook, Inc. Austin, TX Jul 25, 2016 $125,000
Business Analytics, Associate Linkedin Corporation Sunnyvale, CA Aug 03, 2016 $123,000 -
$155,000
Business Analytics Associate Linkedin Corporation San Francisco, CA May 07, 2016 $121,222 -
$151,200
Business Analytics Associate Linkedin Corporation San Francisco, CA Jul 05, 2016 $121,222 -
$151,200
Associate, Advisory Business Perella Weinberg Partners Group LP New York, NY Aug 24, 2015 $120,000 -
$130,000
Associate, EIM Business Technology Datum LLC Newark, DE Jan 02, 2015 $120,000
Business Analytics Associate Linkedin Corporation Mountain View, CA Aug 10, 2015 $100,235 -
$155,000
Business Associate Cleveland Clinic Cleveland, OH Dec 29, 2015 $99,817
Associate, Business Analysis Dimensional Fund Advisors LP Austin, TX Sep 16, 2016 $99,757 -
$109,700
Business Associate Cleveland Clinic Cleveland, OH Mar 15, 2015 $98,296
Business Associate Cleveland Clinic Cleveland, OH Oct 03, 2015 $98,296
Business Associate Consultant ZS Associates, Inc. Princeton, NJ Dec 16, 2015 $98,000
Business Associate Consultant ZS Associates, Inc. Princeton, NJ Dec 15, 2015 $97,000
Associate, Business Analysis Dimensional Fund Advisors LP Austin, TX Apr 05, 2016 $96,000
Associate Engineer-Business Analytics and Monitoring Siemens Corporation Princeton, NJ Aug 26, 2015 $76,000
Associate-Business Analytics Jpmorgan Chase & Co. Chicago, IL Oct 13, 2016 $75,000 -
$100,000
Associate, Business Planning Sysmex America, Inc. Lincolnshire, IL Oct 11, 2015 $70,400
Associate, Business Planning Sysmex America, Inc. Lincolnshire, IL Oct 01, 2015 $70,400
Associate, Business Management Jpmorgan Chase & Co. Columbus, OH May 31, 2015 $70,200
Business Associate Consultant ZS Associates, Inc. New York, NY Sep 01, 2015 $70,000 -
$100,000
Business Restructuring Associate BDO USA, LLP New York, NY Feb 08, 2016 $70,000
Business Restructuring Associate BDO USA, LLP New York, NY Aug 02, 2016 $70,000

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Top Skills for A Business Associate

FinancialStatementsCustomerServiceProceduresComplianceDataEntryPayrollAuditClientRelationshipsEmergencyBusinessDevelopmentPhoneCallsDueDiligenceInsuranceInformationAdditionalRealEstateInsuranceCompaniesPowerpointInternetPatientDemographicBusinessPlans

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Top Business Associate Skills

  1. Financial Statements
  2. Customer Service
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Performed the data integration project to transfer multiple-years financial statements from ACE to Quick Book 2010.
  • Followed up on all sales by responding to clients requests, inquiries and concerns thereby providing excellent customer service.
  • Supported existing business functionality, including process improvement and documenting procedures for change management and issue tracking.
  • Authored advisory memorandum for various entities on compliance issues arising in the course of business.
  • Research and resolve inquiries involving Life New Business imaging and data entry.

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