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Become A Business & Data Analyst

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Working As A Business & Data 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

  • $72,358

    Average Salary

What Does A Business & Data 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 A Business & Data 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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Do you work as a Business & Data Analyst?

Business & Data Analyst Jobs

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Business & Data Analyst Career Paths

Business & Data Analyst
Project Manager Management Consultant Senior Business Analyst
Analytical Manager
9 Yearsyrs
Business Analyst/Quality Analyst Quality Assurance Analyst Senior Systems Analyst
Application Manager
9 Yearsyrs
Reporting Analyst Operations Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Technical Business Analyst Information Technology Project Manager
Business Program Manager
10 Yearsyrs
Senior Analyst Management Consultant Change Management Consultant
Change Manager
10 Yearsyrs
Business Systems Senior Analyst Project Manager Information Technology Project Manager
Contract Project Manager
10 Yearsyrs
Senior Systems Analyst Technical Consultant Customer Relationship Management Consultant
Customer Relationship Management Manager
8 Yearsyrs
Technical Business Analyst Senior Business Analyst Information Technology Project Manager
Delivery Manager
8 Yearsyrs
Project Manager Senior Project Manager Engineering Director
Director Of Software Development
12 Yearsyrs
Senior Analyst Technical Project Manager Implementation Manager
Integration Manager
10 Yearsyrs
Business Systems Senior Analyst Business Analyst/Project Manager Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Business Analyst/Project Manager Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Business Analyst/Quality Analyst Quality Assurance Lead Quality Manager
Process Improvement Manager
10 Yearsyrs
Senior Business Data Analyst Senior Data Analyst- Senior Business Analyst
Product Owner
9 Yearsyrs
Senior Business Analyst Project Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Senior Business Analyst Senior Project Manager
Senior Technical Program Manager
12 Yearsyrs
Senior Data Analyst- Senior Business Analyst Information Technology Project Manager
Service Delivery Manager
11 Yearsyrs
Senior Data Analyst- Data Architect Solutions Architect
Solutions Manager
8 Yearsyrs
Business Analyst/Project Manager Program Manager Technical Director
Vice President, Technology
11 Yearsyrs
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Do you work as a Business & Data Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Business Analyst 2.9 years
Data Analyst 2.2 years
Top Employers Before
Data Analyst 18.9%
Consultant 3.8%
Analyst 2.4%
Internship 1.8%
Developer 1.7%
Top Employers After
Data Analyst 14.9%
Consultant 3.1%
Analyst 1.8%

Do you work as a Business & Data Analyst?

Business & Data Analyst Demographics

Gender

Male

52.8%

Female

43.0%

Unknown

4.2%
Ethnicity

White

43.9%

Asian

29.8%

Hispanic or Latino

11.3%

Black or African American

8.9%

Unknown

6.2%
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Foreign Languages Spoken

Spanish

27.4%

Chinese

11.9%

French

9.5%

Hindi

8.3%

Mandarin

8.3%

Japanese

4.8%

Serer

3.6%

Cantonese

3.6%

Russian

3.6%

German

3.6%

Gujarati

2.4%

Vietnamese

2.4%

Greek

2.4%

Turkish

1.2%

Marathi

1.2%

Dutch

1.2%

Korean

1.2%

Indonesian

1.2%

Hungarian

1.2%

Tahitian

1.2%
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Business & Data Analyst Education

Schools

University of Phoenix

12.6%

University of Texas at Dallas

10.3%

Northeastern University

7.6%

Stevens Institute of Technology

6.1%

New York University

5.0%

George Washington University

4.6%

Webster University

4.2%

George Mason University

4.2%

New Jersey Institute of Technology

4.2%

Strayer University

4.2%

University of South Florida

3.8%

Villanova University

3.8%

Pennsylvania State University

3.8%

University of Washington

3.8%

University of Houston

3.8%

Northern Illinois University

3.8%

Johns Hopkins University

3.8%

University of Texas at Arlington

3.4%

Arizona State University

3.4%

DePaul University

3.4%
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Majors

Business

22.7%

Computer Science

12.8%

Finance

8.3%

Computer Information Systems

6.7%

Information Technology

6.2%

Management Information Systems

5.3%

Information Systems

4.8%

Management

3.8%

Economics

3.3%

Accounting

3.3%

Project Management

3.0%

Management Science

2.7%

Engineering

2.7%

Electrical Engineering

2.7%

Computer Engineering

2.5%

Computer Applications

2.1%

Marketing

2.0%

Mathematics

1.9%

Statistics

1.7%

Chemistry

1.5%
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Degrees

Masters

42.1%

Bachelors

37.9%

Other

10.5%

Associate

3.9%

Certificate

3.5%

Diploma

1.1%

Doctorate

0.8%

License

0.1%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Business & Data Analyst Salaries

Job Title Company Location Start Date Salary
Business Data Analyst Diversant LLC Jersey City, NJ Oct 08, 2016 $187,830 -
$208,700
Staff Business Data Analyst Intuit Mountain View, CA Sep 03, 2016 $161,200
Staff Business Data Analyst Intuit Inc. Mountain View, CA Nov 28, 2016 $143,000 -
$181,000
Staff Business Data Analyst Intuit Inc. Mountain View, CA Dec 26, 2015 $138,819 -
$170,000
Business/Data Analyst Knowledgent Group Inc. Washington, DC Apr 18, 2016 $130,000
Business Intel & Data Analyst Bank of The West San Ramon, CA Nov 14, 2016 $129,163
Principal Business Data Analyst Itson Inc. Redwood City, CA Oct 10, 2016 $127,150 -
$145,000
Principal Business Data Analyst Symantec Corporation Culver City, CA Jan 25, 2016 $125,000
Business Data Analyst Diversant LLC Jersey City, NJ Sep 21, 2015 $125,000 -
$135,000
Business/Data Analyst IBM Corporation Seattle, WA Feb 13, 2015 $81,099 -
$142,537
Business/Data Analyst ABAL Technologies Inc. New York, NY Jan 01, 2015 $80,995
Business Data Analyst Intuit Inc. Mountain View, CA Mar 21, 2016 $80,933 -
$115,000
Business Data Analyst International Solution Sources LLC Mountain View, CA Jan 08, 2016 $80,933
Business Data Analyst Intuit Inc. Mountain View, CA Jun 27, 2016 $80,933 -
$115,000
Business Data Analyst Intuit Inc. Mountain View, CA May 07, 2016 $80,933 -
$115,000
Business Data Analyst BMO Harris Bank, N.A. Chicago, IL Apr 20, 2015 $67,808 -
$87,100
Business/Data Analyst MMC Systems Inc. New York, NY Mar 23, 2015 $67,700
Business Data Analyst Squaretrade, Inc. San Francisco, CA Oct 08, 2016 $67,683 -
$87,500
Business/Data Analyst ULAB Inc. San Francisco, CA Jan 10, 2015 $67,000 -
$100,000
Business Data Analyst Canvas Infotech, Inc. Hartford, CT May 29, 2015 $66,784
Business Data Analyst PVR America, Inc. Baton Rouge, LA Jun 14, 2016 $66,000
Business Data Analyst PVR America Inc. Piscataway, NJ Sep 08, 2015 $66,000

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Top Skills for A Business & Data Analyst

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  1. Business Requirements
  2. Extract Data
  3. Test Plans
You can check out examples of real life uses of top skills on resumes here:
  • Conducted meetings/interviews and JAD sessions with stakeholders to collect business requirements, Conducted controlled Brainstorming sessions with project related groups.
  • Conducted document analysis on the existing procedure documents and reports to extract Data Requirements.
  • Created test plans and scripts, facilitated user acceptance testing and tested strategies with developers and testing team.
  • Researched existing functionality and performed data analysis using SQL scripts.
  • Linked business processes to organizational objectives, identifying opportunities for business process improvement.

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Top 10 Best States for Business & Data Analysts

  1. District of Columbia
  2. Maryland
  3. New Jersey
  4. Washington
  5. Massachusetts
  6. Connecticut
  7. California
  8. Pennsylvania
  9. Rhode Island
  10. Michigan
  • (915 jobs)
  • (1,156 jobs)
  • (1,404 jobs)
  • (1,024 jobs)
  • (1,528 jobs)
  • (695 jobs)
  • (5,671 jobs)
  • (1,364 jobs)
  • (174 jobs)
  • (721 jobs)

Top Business & Data Analyst Employers

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Jobs From Top Business & Data Analyst Employers

Business & Data Analyst Videos

Business Data Modeling: Getting Informational Requirements for IT

Philip Evans: How data will transform business

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