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Become A Business Development Analyst

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Working As A Business Development 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

  • $55,089

    Average Salary

What Does A Business Development 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 Development 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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Business Development Analyst Videos

Career Advice on becoming a Business Development Manager by Victoria P (Full Version)

Day in the Life: Clara, WW Business Development Manager

Career Advice on becoming a Business Development Manager by Dave N (Full Version)

Business Development Analyst Jobs

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Business Development Analyst Career Paths

Business Development Analyst
Senior Finance Analyst Senior Business Analyst
Analytical Manager
9 Yearsyrs
Technical Business Analyst Business Analyst-Consultant Senior Systems Analyst
Application Manager
9 Yearsyrs
Lead Business Analyst Project Manager Information Technology Project Manager
Business Program Manager
10 Yearsyrs
Technical Business Analyst Management Consultant Change Management Consultant
Change Manager
10 Yearsyrs
Business Analyst-Consultant Data Analyst Marketing Analyst
Customer Relationship Management Manager
8 Yearsyrs
Lead Business Analyst Senior Consultant Information Technology Manager
Director, Applications
12 Yearsyrs
Information Technology Project Manager Training Manager Regional Manager
Group Manager
8 Yearsyrs
Senior Consultant Technical Project Manager Implementation Manager
Integration Manager
10 Yearsyrs
Project Manager Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Business Analyst/Senior Developer Senior Business Analyst Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Information Technology Project Manager Principal Consultant Practice Manager
Practice Director
12 Yearsyrs
Senior Finance Analyst Senior Pricing Analyst
Pricing Manager
7 Yearsyrs
Business Analyst Program Manager Product Manager
Product Management Director
12 Yearsyrs
Business Development Manager Co-Founder Business Analyst
Product Owner
9 Yearsyrs
Senior Business Analyst Project Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Business Analyst Product Manager Marketing Manager
Senior Manager Of Marketing
9 Yearsyrs
Senior Business Analyst Senior Project Manager
Senior Technical Program Manager
12 Yearsyrs
Senior Consultant Program Manager Business Development Director
Solutions Director
13 Yearsyrs
Project Manager Product Manager Product Management Director
Vice President, Product Management
13 Yearsyrs
Business Development Manager Marketing Director Marketing Vice President
Vice President, Strategy
13 Yearsyrs
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Do you work as a Business Development Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Senior Analyst 3.2 years
Top Careers Before Business Development Analyst
Internship 8.4%
Consultant 6.5%
Developer 6.0%
Analyst 4.2%
Top Careers After Business Development Analyst
Consultant 9.6%
Developer 3.6%
Analyst 2.8%

Do you work as a Business Development Analyst?

Business Development Analyst Demographics

Gender

Male

58.7%

Female

38.5%

Unknown

2.9%
Ethnicity

White

52.4%

Asian

18.2%

Hispanic or Latino

14.5%

Black or African American

10.5%

Unknown

4.5%
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Foreign Languages Spoken

Spanish

31.1%

French

10.9%

Mandarin

10.4%

Chinese

10.4%

Portuguese

5.2%

German

4.1%

Japanese

4.1%

Russian

3.1%

Cantonese

3.1%

Hindi

2.6%

Italian

2.6%

Arabic

2.6%

Vietnamese

1.6%

Carrier

1.6%

Polish

1.6%

Turkish

1.0%

Korean

1.0%

Hungarian

1.0%

Greek

1.0%

Hebrew

1.0%
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Business Development Analyst Education

Schools

University of Phoenix

11.4%

George Mason University

7.0%

New York University

5.9%

Northeastern University

5.9%

University of Southern California

5.5%

University of Houston

5.5%

Cornell University

5.2%

University of Alabama

4.8%

George Washington University

4.8%

Boston University

4.8%

Pennsylvania State University

4.4%

University of Texas at Austin

4.4%

Villanova University

4.1%

University of Maryland - University College

4.1%

University of Colorado at Boulder

4.1%

Syracuse University

3.7%

Georgia State University

3.7%

University of Washington

3.7%

DePaul University

3.7%

Wayne State University

3.3%
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Majors

Business

30.3%

Finance

11.9%

Computer Science

7.7%

Marketing

6.4%

Management

5.3%

Economics

4.5%

Information Technology

3.3%

Management Information Systems

3.2%

Computer Information Systems

3.2%

Accounting

3.2%

Communication

3.1%

Electrical Engineering

2.9%

Project Management

2.6%

Political Science

2.5%

Computer Engineering

2.0%

International Business

1.9%

Information Systems

1.8%

Psychology

1.5%

English

1.5%

Mathematics

1.3%
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Degrees

Bachelors

43.1%

Masters

38.2%

Other

11.1%

Certificate

3.0%

Associate

2.6%

Doctorate

1.5%

Diploma

0.4%
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Business Development Analyst Videos

Career Advice on becoming a Business Development Manager by Victoria P (Full Version)

Day in the Life: Clara, WW Business Development Manager

Career Advice on becoming a Business Development Manager by Dave N (Full Version)

Job type you want
Full Time
Part Time
Internship
Temporary

Real Business Development Analyst Salaries

Job Title Company Location Start Date Salary
Strategy & Business Development Analyst Arris Technology, Inc. Horsham, PA Feb 08, 2016 $185,827 -
$228,500
Strategy & Business Development Analyst Arris Solutions, Inc. Horsham, PA Jul 27, 2016 $185,827 -
$228,500
Business Development Analyst, Principal Lockheed Martin Corporation Orlando, FL Oct 09, 2016 $182,164
Strategy & Business Development Analyst Arris Technology, Inc. Horsham, PA Jul 04, 2016 $177,944
Business Development Analyst Abpro Corporation Woburn, MA Jun 15, 2016 $168,667
Business Development Analyst, Telecommunications (Latin American Market) Endeavor Link Inc. Suwanee, GA Nov 16, 2016 $163,696
Business Development Analyst Straidvalley Developments USA, Inc. Rockville, MD May 09, 2016 $150,000
Business Development Intelligence Analyst Spotify USA Inc. New York, NY Dec 31, 2016 $150,000 -
$200,000
Business Development Analyst GPE-USA LLC Rockville, MD Sep 25, 2016 $150,000
Business Development Analyst Straidvalley Developments USA, Inc. Rockville, MD Sep 24, 2016 $150,000
Business Development Analyst, Principal Lockheed Martin Corporation Orlando, FL Jul 31, 2015 $147,160 -
$199,598
Business Development Intelligence Analyst Spotify USA Inc. New York, NY Jan 15, 2016 $145,000
Business Development Analyst Opportunity Network Inc. New York, NY Sep 02, 2015 $142,793
Business Development Cost Analyst Expolanka USA LLC NY Aug 18, 2015 $142,792
Business Development Analyst NEO Romax, Inc. South San Francisco, CA Sep 15, 2015 $68,871
Business Development Analyst Well Built Company New York, NY Mar 02, 2015 $68,871
International Business Development Analyst Amidi Partners, LLC Sunnyvale, CA Sep 22, 2016 $68,500
International Business Development Analyst Plug & Play, LLC. Sunnyvale, CA Sep 22, 2016 $68,500
Business Development Analyst Marvell Semiconductor Inc. Santa Clara, CA Nov 18, 2016 $68,500 -
$73,500
Business Development Analyst Dolby Laboratories, Inc. San Francisco, CA Aug 15, 2015 $68,266 -
$93,537
Business Development Analyst ICF Incorporated, LLC Fairfax, VA Jun 12, 2016 $67,995
International Business Development Analyst KSK Visuals, Inc. New York, NY Sep 19, 2016 $54,600
Business Development Analyst Edeska LLC Los Angeles, CA Mar 01, 2015 $54,330
Business Development Analyst Food In Rich.Inc. Riverside, CA Feb 24, 2015 $54,330
Business Development Analyst Me2, Inc. Beverly Hills, CA Sep 10, 2015 $54,330
Business Development Analyst Vidhwan, Inc. San Jose, CA Sep 17, 2015 $54,262
Business Stragegy and Development Analyst Rongcheng Trading, LLC Industry, CA Aug 01, 2015 $54,262
Business Strategy and Development Analyst Rongcheng Trading, LLC Industry, CA Jan 08, 2016 $54,262
Business Development Analyst (Non-Manager) Cellularusa Inc. Farmers Branch, TX Mar 10, 2015 $54,246

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Top Skills for A Business Development Analyst

  1. Business Requirements
  2. Financial Statements
  3. Business Development
You can check out examples of real life uses of top skills on resumes here:
  • Used multiple information gathering techniques, conduct facilitated sessions with customers to define detailed business requirements for solution development.
  • Initiated the loan underwriting process for business loans including credit checks, analyzing financial statements and document preparation.
  • Tracked competitive landscape and gather external sales intelligence to uncover new business opportunities and leads for business development team.
  • Developed design document for data loader based integration.
  • Designed reports using Pivot-tables, bar-charts, Line-charts and Pie-charts on data from cubes and SQL Server in Excel 2007.

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Top 10 Best States for Business Development Analysts

  1. Connecticut
  2. Washington
  3. Minnesota
  4. Maryland
  5. District of Columbia
  6. Virginia
  7. New Jersey
  8. Massachusetts
  9. North Carolina
  10. Alaska
  • (754 jobs)
  • (1,319 jobs)
  • (1,314 jobs)
  • (1,313 jobs)
  • (1,060 jobs)
  • (3,141 jobs)
  • (1,554 jobs)
  • (1,984 jobs)
  • (1,682 jobs)
  • (66 jobs)

Top Business Development Analyst Employers

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Jobs From Top Business Development Analyst Employers

Business Development Analyst Videos

Career Advice on becoming a Business Development Manager by Victoria P (Full Version)

Day in the Life: Clara, WW Business Development Manager

Career Advice on becoming a Business Development Manager by Dave N (Full Version)

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