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Become A Business Planning Analyst

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Working As A Business Planning 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

  • $88,673

    Average Salary

What Does A Business Planning 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 Planning 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 Planning Analyst jobs

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Business Planning Analyst Career Paths

Business Planning Analyst
Senior Business Analyst Senior Manager Controller
Director Of Operations And Finance
11 Yearsyrs
Senior Analyst Senior Finance Analyst
Finance Planning Manager
8 Yearsyrs
Senior Analyst Senior Operations Analyst Senior Finance Analyst
Finance Project Manager
7 Yearsyrs
Marketing Manager Sales Consultant Finance Manager
Manager Finance Planning And Analysis
8 Yearsyrs
Senior Business Analyst Senior Consultant
Manager, Strategy
8 Yearsyrs
Finance Analyst Finance Manager Sales Manager
Operations Manager
7 Yearsyrs
Senior Finance Analyst Finance Manager General Manager
President Of Operations
11 Yearsyrs
Project Manager Senior Project Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Information Technology Project Manager Vice President And Manager Controller
Senior Director Of Finance
14 Yearsyrs
Business Operations Manager Operations Director
Senior Director, Operations
14 Yearsyrs
Senior Finance Analyst Accounting Manager Finance Manager
Senior Finance Manager
11 Yearsyrs
Project Manager Program Manager
Senior Manager
10 Yearsyrs
Contracts Administrator Project Coordinator Operations Manager
Senior Operations Manager
9 Yearsyrs
Finance Analyst Business Analyst Project Manager
Senior Project Manager
12 Yearsyrs
Information Technology Project Manager Instructor Service Manager
Service Operations Manager
8 Yearsyrs
Contracts Administrator Purchasing Manager Supply Chain Manager
Supply Chain Director
14 Yearsyrs
Business Planning Manager Marketing Manager General Manager
Vice President & General Manager
12 Yearsyrs
Marketing Manager Operations Manager Assistant Vice President
Vice President And Manager
10 Yearsyrs
Business Planning Manager Senior Manager Business Developer
Vice President, Business Development
13 Yearsyrs
Business Operations Manager Senior Project Manager Vice President, Business Development
Vice President, Strategy
13 Yearsyrs
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Business Planning Analyst Demographics

Gender

Male

48.5%

Female

48.0%

Unknown

3.5%
Ethnicity

White

73.6%

Asian

11.4%

Hispanic or Latino

11.1%

Unknown

2.8%

Black or African American

1.1%
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Languages Spoken

Spanish

38.0%

French

8.5%

Mandarin

8.5%

Chinese

7.0%

German

7.0%

Japanese

4.2%

Portuguese

2.8%

Hindi

2.8%

Russian

2.8%

Korean

2.8%

Arabic

2.8%

Zulu

1.4%

Ukrainian

1.4%

Bosnian

1.4%

Hebrew

1.4%

Dari

1.4%

Czech

1.4%

Bengali

1.4%

Cantonese

1.4%

Croatian

1.4%
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Business Planning Analyst Education

Schools

University of Phoenix

15.5%

University of Houston

7.8%

Pepperdine University

7.0%

University of Washington

6.2%

Villanova University

6.2%

Webster University

6.2%

Seattle University

5.4%

University of Southern California

4.7%

Arizona State University

3.9%

Wichita State University

3.9%

Nova Southeastern University

3.9%

Texas A&M University

3.9%

University of California - Irvine

3.9%

Temple University

3.1%

Drexel University

3.1%

Saint Louis University-

3.1%

Stanford University

3.1%

University of Missouri - Saint Louis

3.1%

George Washington University

3.1%

University of Iowa

3.1%
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Majors

Business

36.9%

Finance

16.6%

Accounting

7.7%

Management

7.3%

Marketing

7.3%

Project Management

4.1%

Computer Information Systems

2.5%

Economics

1.9%

Communication

1.9%

International Business

1.7%

Industrial Engineering

1.7%

Supply Chain Management

1.5%

Political Science

1.2%

Human Resources Management

1.2%

Environmental Control Technologies/Technicians

1.2%

Law

1.2%

Engineering

1.2%

Psychology

1.0%

Statistics

1.0%

Management Information Systems

1.0%
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Degrees

Masters

42.8%

Bachelors

40.5%

Other

7.2%

Certificate

5.2%

Associate

2.8%

Doctorate

1.1%

Diploma

0.3%
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Internship
Temporary

Real Business Planning Analyst Salaries

Job Title Company Location Start Date Salary
Senior Business Planning and Strategy Analyst Victory Automotive Group, Inc. San Bruno, CA Oct 30, 2016 $150,000
Senior Business Planning and Strategy Analyst Victory Automotive Group San Bruno, CA Sep 01, 2015 $150,000
Business Planning and Operations Analyst IV Yahoo! Inc. Burbank, CA Jun 30, 2015 $147,368 -
$167,368
Business Planning & Analysis Analytics Lead Analyst Citigroup Technology, Inc. Miami, FL Jun 15, 2015 $138,000
Planning/Business Analyst Chevron Corporation San Ramon, CA Sep 14, 2016 $137,683
Business Planning & Analysis Lead Analyst Citigroup Global Markets Inc. New York, NY Aug 12, 2015 $132,558
Business Planning & Analysis Analytics Lead Analyst Citigroup Global Markets Inc. New York, NY Jul 25, 2015 $130,000
Business Planning and Analysis Analytics Lead Analyst Citibank, N.A. Miami, FL Mar 15, 2015 $125,000
Analyst, Strategic Planning and Business Analysis Bunge Global Markets, Inc. White Plains, NY Sep 15, 2014 $120,000
EPM Hyperion Business Analyst-Planning & Essbase General Electric Company Van Buren, MI May 31, 2016 $110,000 -
$115,000
Business Analyst-Master Planning and Scheduling HNI Corporation Muscatine, IA Aug 09, 2016 $110,000
Business Planning and Strategy Hewlett-Packard Enterprise Company Houston, TX Aug 03, 2016 $108,846
Business Planning and Operations Analyst III Yahoo! Inc. Sunnyvale, CA Jan 28, 2013 $91,728 -
$122,200
Business Planning Analyst III Avaya Inc. Fairfax, VA Nov 08, 2016 $89,699 -
$152,488
Business Planning and Operations Analyst III Yahoo! Inc. Sunnyvale, CA Jan 28, 2016 $89,149 -
$134,100
Business Analyst 3, Production Planning Illumina, Inc. San Diego, CA Jun 12, 2016 $88,920 -
$114,000
Business Planning Analyst Nokia USA Inc. Sunnyvale, CA Sep 23, 2016 $88,000
Business Planning & Analysis Senior Analyst Citimortgage, Inc. OFallon, MO May 01, 2013 $85,000
Business Planning & Analysis Senior Analyst Citimortgage, Inc. OFallon, MO Jan 05, 2013 $85,000
Business Planning Analyst Haggar Clothing Co. Dallas, TX May 14, 2014 $73,722
Business Planning & Reporting Analyst Transatlantic Reinsurance Company New York, NY Sep 12, 2013 $72,100
Analyst-Business Planning Adi Worldlink, LLC Richardson, TX Aug 22, 2016 $72,000 -
$77,000
Business Planning Financial Analyst ASMO North Carolina, Inc. Statesville, NC Dec 09, 2016 $71,053
Planning and Business Analyst Space Metrics Inc. Washington, DC Apr 24, 2014 $70,000
Business Planning & Reporting Analyst Transatlantic Reinsurance Company New York, NY Sep 03, 2013 $70,000
Business Analyst-SAP Supply Chain Planning & EXE Data Glove Inc. Mentor, OH Feb 06, 2014 $70,000
Business Planning Analyst Analog Devices, Inc. Wilmington, MA Aug 15, 2016 $69,992 -
$96,100

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Top Skills for A Business Planning Analyst

FinancialPerformanceBusinessPlanMonthlyVarianceAnalysisMultipleBusinessUnitsEACResourceForecastsStatusEVMProcessImprovementStrategicPlansValueManagementSupplierSchedulePerformanceProjectManagementPerformanceReportsProgramManagementFinancialAnalysisERPExecutiveManagementBusinessProcesses

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Top Business Planning Analyst Skills

  1. Financial Performance
  2. Business Plan
  3. Monthly Variance Analysis
You can check out examples of real life uses of top skills on resumes here:
  • Initiate variance analyses and provide understanding of operational and financial performance to management.
  • Led business planning for customers whose spend was 1/3 of overall company spend.
  • Conduct peer training on monthly variance analysis and reporting.
  • Coordinated across multiple business units and sites for metrics analysis and reporting.
  • Facilitate issue resolution between business units and finance system applications to reach a common approach.

Top Business Planning Analyst Employers

Business Planning Analyst Videos

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

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