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Become A Business Information Analyst

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Working As A Business Information 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

  • $77,000

    Average Salary

What Does A Business Information 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 Information 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 Information Analyst Career Paths

Business Information Analyst
Business Analyst Project Manager
Contract Project Manager
10 Yearsyrs
Business Analyst Project Manager Information Technology Director
Vice President Of Information Technology
12 Yearsyrs
Business Analyst Consultant Project Manager
Manager, Project Management
9 Yearsyrs
Senior Business Analyst Senior Project Manager
Director Program Management
12 Yearsyrs
Senior Business Analyst Senior Consultant Program Manager
Manager, Program Management
9 Yearsyrs
Senior Business Analyst Information Technology Project Manager
Service Delivery Manager
10 Yearsyrs
Business Systems Senior Analyst Information Technology Project Manager Program Manager
Global Program Manager
10 Yearsyrs
Business Systems Senior Analyst Senior Project Manager Senior Product Manager
Vice President, Product Management
13 Yearsyrs
Business Systems Senior Analyst Information Technology Project Manager Senior Manager
Director Of Analytics
12 Yearsyrs
Senior Technical Business Analyst Business Analyst/Project Manager Information Technology Manager
Director Of Information Management
10 Yearsyrs
Senior Technical Business Analyst Business Analyst/Project Manager Consultant/Project Manager
Manager, Project Management Office
12 Yearsyrs
Senior Technical Business Analyst Information Technology Manager Senior Manager
Practice Leader
11 Yearsyrs
Consultant Senior Accountant Senior Finance Analyst
Finance Project Manager
8 Yearsyrs
Consultant Senior Finance Analyst
Finance Leader
7 Yearsyrs
Business Analyst/Project Manager Program Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Information Technology Manager Consultant/Project Manager Implementation Manager
Integration Manager
9 Yearsyrs
Senior Finance Analyst Planning Manager
Manager, Strategy
8 Yearsyrs
Information Technology Analyst Project Leader Project Management Lead
Change Manager
9 Yearsyrs
Information Technology Analyst Compliance Analyst Asset Manager
Vending Manager
7 Yearsyrs
Information Technology Analyst Senior Software Engineer Systems Architect
Business Leader
8 Yearsyrs
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Do you work as a Business Information Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Top Careers Before Business Information Analyst
Consultant 5.0%
Analyst 4.6%
Internship 3.7%
Programmer 2.4%
Top Careers After Business Information Analyst
Consultant 4.2%
Analyst 2.9%

Do you work as a Business Information Analyst?

Average Yearly Salary
$77,000
View Detailed Salary Report
$56,000
Min 10%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$106,000
Max 90%
Best Paying Company
Facebook
Highest Paying City
New York, NY
Highest Paying State
Alaska
Avg Experience Level
3.3 years
How much does a Business Information Analyst make at top companies?
The national average salary for a Business Information Analyst in the United States is $77,279 per year or $37 per hour. Those in the bottom 10 percent make under $56,000 a year, and the top 10 percent make over $106,000.

Real Business Information Analyst Salaries

Job Title Company Location Start Date Salary
Business Analyst Lead, Market Risk IT JP Morgan Chase & Co New York, NY Mar 23, 2016 $164,466
Business Analyst/Information Architect Saks Direct LLC New York, NY Aug 17, 2016 $150,000
Business Information Analyst Bunge Global Markets, Inc. New York, NY Sep 12, 2014 $132,500
Business Analyst, Theatrical IT Twentieth Century Fox Film Corp. Los Angeles, CA Aug 04, 2016 $128,179
Business Analyst, Theatrical IT Twentieth Century Fox Film Corp. Los Angeles, CA Jun 05, 2015 $120,000 -
$124,446
Business Information & Operations Analyst Guthy-Renker LLC Santa Monica, CA Sep 30, 2014 $119,899
Business Analyst/Information Architect Saks Fifth Avenue New York, NY Aug 18, 2013 $105,000
Business Analyst, Enterprise Information Systems Ghirardelli Chocolate Company San Leandro, CA Mar 14, 2016 $100,000
Business Information & Operations Analyst Guthy-Renker, LLC. Santa Monica, CA Oct 01, 2011 $100,000
Analyst Business Systems IT Honeywell International Inc. Morris Plains, NJ Nov 30, 2015 $97,650
Authorized Officer, Business Analyst/It UBS Services LLC Jersey City, NJ Apr 05, 2013 $94,000 -
$140,000
Analyst VI-Business IT Systems Taylormade Golf Company, Inc. Carlsbad, CA Nov 11, 2011 $90,772
Information Management Business Analyst Infodat International Inc. Houston, TX Aug 10, 2015 $90,000
Business Analyst III, Distribution Information Systems Columbia Sportswear USA Corporation Portland, OR Jul 06, 2015 $90,000
SR. IM Business Information Analyst The Guardian Life Insurance Company of America Bethlehem, PA Jul 11, 2011 $74,797 -
$78,000
Business Analyst, HR Information Systems Archer Daniels Midland Company Plano, TX Sep 09, 2013 $73,260
Business Analyst/Information Architect Epathusa, Inc. West Des Moines, IA Nov 01, 2014 $73,045
Business Analyst/Information Architect Epathusa, Inc. West Des Moines, IA Jan 21, 2015 $73,045
Business Analyst, IT KPIT Infosystems, Inc. Edison, NJ Jun 26, 2015 $72,800
Senior Business Information Analyst HSBC Bank USA, N.A. Elmhurst, IL Oct 01, 2011 $72,500
Business Analyst, HR Information Systems Archer Daniels Midland Company Plano, TX Feb 01, 2013 $72,440
Business Analyst, IT KPIT Infosystems, Inc. Edison, NJ Aug 25, 2014 $65,100
Business Analyst, IT KPIT Infosystems, Inc. Columbus, IN Aug 25, 2014 $64,905
Senior Business Information Analyst Bemis Company, Inc. Oshkosh, WI Dec 01, 2011 $63,606 -
$72,700
Application Developer/Business Information Analyst Cyient, Inc. Atlanta, GA Jul 15, 2015 $63,000
Business Information Analyst Senior American Imaging Management, Inc. Deerfield, IL Jul 30, 2015 $62,795 -
$98,428
Business Analyst/It Collaborate Solutions Inc. Shrewsbury, MA Sep 21, 2013 $61,568
Business Information Analyst Senior Wellpoint, Inc. New York, NY Apr 21, 2014 $61,568 -
$96,096

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Top Skills for A Business Information Analyst

  1. Business Requirements
  2. Data Collection
  3. SQL
You can check out examples of real life uses of top skills on resumes here:
  • Created Business Requirements Documents, Functional Requirements documents, Report Specification obtained sign-off from business users and developers.
  • Assist with data collection, validation and analysis used in development of the product category scorecard.
  • Transcribed internal software database (proprietary) to SQL Server for data transfer from old system to new software.
  • Created test cases and facilitate UAT sessions and prepared supporting application documentation and end user process manual and training documentation.
  • Provided project management for the site implementation of a large General Motors Corporate Scheduling system.

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Top 10 Best States for Business Information Analysts

  1. Virginia
  2. California
  3. District of Columbia
  4. New Jersey
  5. Washington
  6. Massachusetts
  7. Connecticut
  8. Maryland
  9. North Carolina
  10. Texas
  • (2,901 jobs)
  • (5,985 jobs)
  • (970 jobs)
  • (1,473 jobs)
  • (1,026 jobs)
  • (1,575 jobs)
  • (716 jobs)
  • (1,232 jobs)
  • (1,567 jobs)
  • (3,274 jobs)

Business Information Analyst Demographics

Gender

Female

45.6%

Male

43.7%

Unknown

10.7%
Ethnicity

White

58.9%

Asian

13.2%

Hispanic or Latino

12.2%

Black or African American

10.8%

Unknown

4.9%
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Foreign Languages Spoken

Spanish

36.4%

French

24.2%

Chinese

12.1%

Korean

6.1%

Portuguese

3.0%

German

3.0%

Cantonese

3.0%

Urdu

3.0%

Hindi

3.0%

Russian

3.0%

Mandarin

3.0%
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Business Information Analyst Education

Schools

University of Phoenix

18.8%

Strayer University

8.6%

Ohio State University

7.0%

Walden University

5.5%

Northeastern University

5.5%

University of South Florida

4.7%

University of Houston

4.7%

University of Delaware

4.7%

University of Illinois at Chicago

3.9%

Villanova University

3.9%

University of Louisville

3.9%

DePaul University

3.9%

Troy University

3.1%

Western Michigan University

3.1%

University of Washington

3.1%

Middle Tennessee State University

3.1%

The Academy

3.1%

Temple University

3.1%

University of Texas at Dallas

3.1%

Texas A&M University

3.1%
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Majors

Business

33.5%

Computer Science

8.4%

Finance

7.8%

Computer Information Systems

6.3%

Management Information Systems

4.9%

Management

4.7%

Accounting

4.2%

Information Technology

4.1%

Marketing

3.9%

Economics

3.1%

Project Management

2.4%

Communication

2.4%

Health Care Administration

2.3%

Management Science

2.1%

Psychology

2.1%

Information Systems

2.1%

International Business

1.5%

English

1.5%

Political Science

1.5%

General Studies

1.3%
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Degrees

Bachelors

42.9%

Masters

33.6%

Other

11.0%

Associate

6.2%

Certificate

3.9%

Doctorate

1.4%

Diploma

0.8%

License

0.1%
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