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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

  • $64,189

    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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Business Management Analyst jobs

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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
Business Intelligence Management Analyst II Edgewater Technology-Ranzal, Inc. White Plains, NY Oct 16, 2015 $126,422
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 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 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 Intelligence Management Analyst II Edgewater Technology-Ranzal LLC White Plains, NY Jul 18, 2016 $113,000
Business Management Analyst Argo, Inc. Chicago, IL Sep 14, 2016 $110,000
Business Intelligence Management Analyst II Edgewater Technology-Ranzal, Inc. NY Feb 17, 2015 $110,000
Business Intelligence Management Analyst II Edgewater Technology-Ranzal, Inc. Morris Plains, NJ Aug 18, 2015 $110,000
Business Operation & Management Analyst Triangle Home Fashions LLC. Dayton, NJ Sep 11, 2015 $70,958
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
Business Analyst/Management Analyst NS It Solutions LLC Herndon, VA Sep 11, 2015 $67,621
Business/Management Analyst Getting To Green LLC Redmond, WA Jul 09, 2016 $67,000 -
$92,000
Business/Management Analyst Vayusoft Solutions Inc. Columbia, MD May 09, 2016 $66,784
Business/Management Analyst Blossom Solutions, Inc. Ellicott City, MD Sep 09, 2016 $66,784
Business Management Analyst MEA Ono Ltd D/B/A/Laura's Fine Candies Estes Park, CO Oct 26, 2016 $59,966
Consultant-Business Management Analyst BOOZ Allen Hamilton Inc. Washington, DC Oct 09, 2016 $59,125
Business and Management Analyst TBD Pizza, Inc. Woburn, MA Aug 30, 2016 $59,000
Business Management Analyst Intalent LLC North Brunswick, NJ Sep 09, 2015 $59,000
Business & Management Analyst Techdata Service Company LLC. King of Prussia, PA Sep 01, 2015 $59,000
Business Management Analyst Samrat Container Lines Inc. VA Sep 25, 2015 $58,812

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Top Skills for A Business Management Analyst

FinancialReportsBusinessStudioIprocessProceduresBusinessProcessManagementResourceSharepointSQLServerProcessImprovementWebStrategyAuditBusinessUnitsBusinessRequirementsManagementSystemDataAnalysisAnalyticalSupportInfrastructureERPAssetRepository

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Top Business Management Analyst Skills

  1. Financial Reports
  2. Business Studio Iprocess
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Prepared and presented monthly financial reports to senior management.
  • Improved accuracy and efficiency of accounting methods and procedures.
  • Assisted in the growth and development of the Business Process Management Department.
  • Managed $25M resource budget with 0 issues.
  • Designed, edited, uploaded and maintained documentation, correspondence and various information sources via MS SharePoint.

Top Business Management Analyst Employers

Business Management Analyst Videos

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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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