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Become A Business Management Analyst

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Working As A Business Management 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

  • $74,104

    Average Salary

What Does A Business Management 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 Management 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 Management Analyst?

Business Management Analyst Jobs

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Business Management Analyst Career Paths

Business Management Analyst
Senior Finance Analyst Assistant Vice President Senior Business Analyst
Analytical Manager
9 Yearsyrs
Senior Consultant Business Development Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Business Analyst/Project Manager Technical Project Manager Information Technology Project Manager
Business Program Manager
10 Yearsyrs
Senior Consultant Project Manager/Analyst
Change Manager
10 Yearsyrs
Product Manager Senior Project Manager Solutions Architect
Customer Relationship Management Manager
8 Yearsyrs
Business Analyst-Consultant Information Technology Project Manager Operations Director
Director Of Business Operations
11 Yearsyrs
Senior Business Analyst Project Manager Senior Project Manager
Director Of Project Management
12 Yearsyrs
Senior Finance Analyst Senior Consultant Information Technology Manager
Director, Applications
12 Yearsyrs
Program Manager Senior Manager Controller
Finance Controller
9 Yearsyrs
Technical Business Analyst Senior Business Analyst Program Manager
Global Program Manager
11 Yearsyrs
Program Manager General Manager Regional Manager
Group Manager
8 Yearsyrs
Business & Data Analyst Project Manager/Analyst Implementation Manager
Integration Manager
10 Yearsyrs
Technical Business Analyst Project Manager Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Business Analyst-Consultant Senior Business Analyst Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Business Analyst/Project Manager Program Manager Senior Manager
Practice Director
12 Yearsyrs
Senior Business Analyst Senior Consultant Information Technology Project Manager
Program/Project Manager
10 Yearsyrs
Project Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Business Planning Analyst Contracts Administrator Subcontracts Manager
Senior Managed
7 Yearsyrs
Project Manager Senior Project Manager
Senior Technical Program Manager
12 Yearsyrs
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Do you work as a Business Management Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Management Analyst 2.9 years
Top Employers Before
Internship 6.3%
Consultant 5.7%
Analyst 2.9%
Top Employers After
Consultant 4.9%
Manager 3.0%

Do you work as a Business Management Analyst?

Business Management Analyst Demographics

Gender

Male

49.4%

Female

46.6%

Unknown

3.9%
Ethnicity

White

54.3%

Asian

17.0%

Hispanic or Latino

12.5%

Black or African American

11.1%

Unknown

5.1%
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Languages Spoken

Spanish

32.6%

French

11.6%

Chinese

9.3%

Arabic

9.3%

Mandarin

7.0%

German

4.7%

Dari

4.7%

Carrier

4.7%

Polish

4.7%

Filipino

2.3%

Vietnamese

2.3%

Japanese

2.3%

Tagalog

2.3%

Italian

2.3%
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Business Management Analyst Education

Schools

University of Phoenix

16.3%

Villanova University

8.1%

Strayer University

6.9%

Arizona State University

6.3%

New York University

5.0%

University of North Texas

5.0%

Ohio State University

5.0%

Northeastern University

5.0%

Temple University

4.4%

Syracuse University

3.8%

George Washington University

3.8%

University of Maryland - University College

3.8%

University of Pennsylvania

3.8%

University of Houston

3.8%

Drexel University

3.8%

University of North Carolina at Greensboro

3.1%

Michigan State University

3.1%

Northwestern University

3.1%

Saint John's University - New York

3.1%

University of Texas at Austin

3.1%
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Majors

Business

34.3%

Finance

9.8%

Management

6.7%

Accounting

5.3%

Computer Science

5.0%

Economics

4.2%

Computer Information Systems

3.9%

Marketing

3.6%

Project Management

3.4%

Information Technology

3.4%

Information Systems

2.6%

Management Information Systems

2.5%

Communication

2.5%

Psychology

2.2%

Political Science

2.0%

Electrical Engineering

1.9%

Supply Chain Management

1.9%

Computer Engineering

1.7%

Management Science

1.6%

Human Resources Management

1.6%
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Degrees

Bachelors

43.6%

Masters

36.0%

Other

10.6%

Associate

3.7%

Certificate

3.6%

Doctorate

1.4%

Diploma

1.0%

License

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

Real Business Management Analyst Salaries

Job Title Company Location Start Date Salary
Business Management Analyst Argo, Inc. Chicago, IL Feb 29, 2016 $140,000
Business Management Analyst Frontender Corporation Houston, TX Oct 03, 2016 $134,888
Business Management Analyst Mod Textile & Perfumes Inc. Hackensack, NJ Sep 11, 2015 $132,558
Senoir Business Analyst, Product Management Roundcorner Inc. New York, NY Jun 07, 2016 $126,422
Business Management Analyst Mpg Operations LLC New York, NY Mar 12, 2016 $120,000
Analyst, Technology Business Management Medallia, Inc. Palo Alto, CA Nov 04, 2016 $120,000
Business Management Analyst SDB Trade, LLC Pasadena, TX Sep 06, 2015 $120,000
Business Management Analyst Easy Foods, Inc. Doral, FL Sep 07, 2015 $120,000
Business Management Analyst Jen Ny Inc. New York, NY Jul 01, 2015 $117,127
Senior Software Business & Management Analyst Sunray Enterprise Inc. Atlanta, GA Feb 19, 2015 $115,461
Business Analyst, Warehouse Management ELC Management LLC Melville, NY Jan 07, 2016 $115,000
OEM Business Analyst-Crm Nutanix, Inc. San Jose, CA Mar 28, 2016 $110,000 -
$130,000
Business Management Analyst Argo, Inc. Chicago, IL Sep 14, 2016 $110,000
Business Management Analyst Mpg Operations, LLC New York, NY Apr 18, 2016 $107,400 -
$112,000
Enterprise Content Management Business Analyst TVS Infotech, Inc. Nashville, TN Jul 31, 2015 $70,958
CRM Business Analyst Sequent, Inc. Somerset, NJ Oct 16, 2015 $70,762
Enterprise Content Management Business Analyst TVS Infotech, Inc. Nashville, TN Nov 19, 2016 $70,720
Business/Management Analysts Blossom Solutions, Inc. Ellicott City, MD Jul 15, 2016 $70,000
Business/Management Analysts Blossom Solutions, Inc. Ellicott City, MD Apr 16, 2016 $70,000
Dynamics CRM Business Analyst Adisys Corporation Bellevue, WA Aug 05, 2015 $69,000
Management Analyst-International Business Law SIMR, Inc. Ann Arbor, MI Sep 01, 2015 $60,210
Business Analyst/Management Analyst Logical Paradigm LLC Bloomfield, CT Jan 08, 2016 $60,174
Business Management Analyst SKB Global Consulting Inc. Flower Mound, TX Sep 23, 2016 $60,001
Business Management Analyst Intalent LLC Ardmore, OK Sep 20, 2016 $60,000
Business Management Analyst Intalent LLC Eastland, TX Sep 20, 2016 $60,000

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Top Skills for A Business Management Analyst

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  1. Business Requirements
  2. Financial Statements
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Documented and managed business requirements and collaborated with development and testing teams on design and testing to ensure software quality.
  • Prepare and present monthly financial statements and analysis.
  • Analyze business operating procedures to engineer the most efficient methods of accomplishing tasks.
  • Developed and assisted with strategic planning, program management, organization development, and project management for numerous 200-plus employee companies.
  • Provided oversight on test methodology, reviewed data collection for accuracy, and reviewed data entry for accuracy.

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Top Business Management Analyst Employers

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Jobs From Top Business Management Analyst Employers

Business Management Analyst Videos

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

Career Advice on becoming a Management Accountant by Matthew R (Full Version)

CAREERS IN INTERNATIONAL BUSINESS MANAGEMENT –BBM,MBA,CAT,Business School,Job Opportunities

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