Find The Best Business Management Analyst Jobs For You

Where do you want to work?

0 selections

Working as a Business Management Analyst

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.

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.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

Average Salary$68,101
Job Growth Rate14%

Business Management Analyst Jobs

Business Management Analyst Career Paths

Top Careers Before Business Management Analyst

Top Careers After Business Management Analyst

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Business Management Analyst

Business Management Analysts in America make an average salary of $68,101 per year or $33 per hour. The top 10 percent makes over $92,000 per year, while the bottom 10 percent under $49,000 per year.
Average Salary
$68,101

Best Paying Cities

City
Average Salary
Seattle, WA
Salary Range74k - 111k$91k$91,277
Washington, DC
Salary Range64k - 100k$80k$80,369
New York, NY
Salary Range63k - 100k$80k$79,710
Edison, NJ
Salary Range63k - 100k$79k$79,394
Ellicott City, MD
Salary Range62k - 98k$79k$78,786
San Francisco, CA
Salary Range59k - 99k$77k$77,002
$28k
$111k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Business Analyst 3-Enterprise Document Management
Business Analyst 3-Enterprise Document Management
Commonwealth of Pennsylvania
Commonwealth of Pennsylvania
11/11/2020
11/11/2020
$58,89511/11/2020
$58,895
Business Analyst-Project Management Office
Business Analyst-Project Management Office
Adecco Staffing
Adecco Staffing
11/09/2020
11/09/2020
$135,65511/09/2020
$135,655
Analyst-Business Process Management
Analyst-Business Process Management
Spherion
Spherion
10/20/2020
10/20/2020
$58,00010/20/2020
$58,000
Enrollment Services Business Analyst-Management Analyst 2
Enrollment Services Business Analyst-Management Analyst 2
State of Minnesota
State of Minnesota
09/26/2020
09/26/2020
$45,58109/26/2020
$45,581
Contracts Business Analyst-Management Analyst 3-Financial Management
Contracts Business Analyst-Management Analyst 3-Financial Management
State of Minnesota
State of Minnesota
06/26/2020
06/26/2020
$48,94206/26/2020
$48,942
See More Recent Salaries

Calculate your salary

Use Zippia's Salary Calculator to see how your pay matches up.

Business Management Analyst Demographics

Gender

male

47.9 %

female

46.3 %

unknown

5.8 %

Ethnicity

White

70.9 %

Asian

13.1 %

Hispanic or Latino

7.0 %

Foreign Languages Spoken

Spanish

43.8 %

Chinese

12.5 %

Mandarin

12.5 %
See More Demographics

Business Management Analyst Education

Majors

Business
36.7 %
Finance
11.9 %

Degrees

Bachelors

48.2 %

Masters

37.1 %

Certificate

5.9 %

Top Colleges for Business Management Analysts

1. Northwestern University

Evanston, IL

In-State Tuition
$54,568
Enrollment
8,451

2. University of Pennsylvania

Philadelphia, PA

In-State Tuition
$55,584
Enrollment
10,764

3. New York University

New York, NY

In-State Tuition
$51,828
Enrollment
26,339

4. University of Southern California

Los Angeles, CA

In-State Tuition
$56,225
Enrollment
19,548

5. Harvard University

Cambridge, MA

In-State Tuition
$50,420
Enrollment
7,582

6. George Washington University, The

Washington, DC

In-State Tuition
$55,230
Enrollment
12,161

7. Lehigh University

Bethlehem, PA

In-State Tuition
$52,930
Enrollment
5,030

8. Pennsylvania State University

University Park, PA

In-State Tuition
$18,454
Enrollment
40,108

9. University of Georgia

Athens, GA

In-State Tuition
$11,830
Enrollment
29,474

10. University of Rochester

Rochester, NY

In-State Tuition
$53,909
Enrollment
6,348
See More Education Info

Entry Level Jobs For Becoming A Business Management Analyst

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Business Management Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.7% of business management analysts listed business requirements on their resume, but soft skills such as analytical skills and creativity are important as well.

Best States For a Business Management Analyst

Some places are better than others when it comes to starting a career as a business management analyst. The best states for people in this position are Washington, New York, New Jersey, and Maryland. Business management analysts make the most in Washington with an average salary of $90,577. Whereas in New York and New Jersey, they would average $79,462 and $79,310, respectively. While business management analysts would only make an average of $78,699 in Maryland, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Washington

Total Business Management Analyst Jobs:
1,039
Highest 10% Earn:
$132,000
Location Quotient:
0.86
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Business Management Analyst Jobs:
2,667
Highest 10% Earn:
$122,000
Location Quotient:
1.22
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Jersey

Total Business Management Analyst Jobs:
1,420
Highest 10% Earn:
$122,000
Location Quotient:
1.1
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
View Full List

How Do Business Management Analyst Rate Their Jobs?

Working as a Business Management Analyst? Share your experience anonymously.
Rate
Do you work as a Business Management Analyst?
Rate how you like work as Business Management Analyst. It's anonymous and will only take a minute.
Rate

Top Business Management Analyst Employers

1. JPMorgan Chase
4.9
Avg. Salary: 
$61,216
Business Management Analysts Hired: 
72+
2. Bank of America
4.8
Avg. Salary: 
$56,912
Business Management Analysts Hired: 
21+
3. Boeing
4.9
Avg. Salary: 
$91,362
Business Management Analysts Hired: 
16+
4. American Express
4.8
Avg. Salary: 
$67,062
Business Management Analysts Hired: 
16+
5. Lockheed Martin
4.9
Avg. Salary: 
$100,893
Business Management Analysts Hired: 
16+
6. Wells Fargo
4.7
Avg. Salary: 
$38,872
Business Management Analysts Hired: 
15+

Business Management Analyst Videos

Recently Added Business Management Analyst Jobs

Updated October 2, 2020