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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.
Average Length of Employment
Top Careers Before Economic Consultant
Top Careers After Economic Consultant
Hispanic or Latino10.4%
Black or African American0.6%
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New York University7.8%
Johns Hopkins University7.8%
Arizona State University7.8%
University of Wisconsin Extension5.9%
University of Pennsylvania5.9%
University of Chicago5.9%
University of Connecticut3.9%
Ohio University -3.9%
University of Kentucky3.9%
University of San Diego3.9%
New Mexico State University3.9%
State University of New York Buffalo3.9%
University of Minnesota - Twin Cities3.9%
University of California - Berkeley3.9%
University of Southern California3.9%
George Washington University3.9%
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|Job Title||Company||Location||Start Date||Salary|
|Economic Consultant||Criterion Economics LLC||Washington, DC||Sep 01, 2014||$150,000|
|Director, Economic Consulting||Navigant Consulting Economics LLC||New York, NY||Jan 30, 2011||$120,000 -
|Senior Economic Consultant||Bates Whites, LLC||Washington, DC||Jan 01, 2011||$120,000 -
|Senior Economic Consultant||Bates Whites, LLC||Washington, DC||May 17, 2011||$120,000 -
|Senior Economic Consultant||Bates White, LLC||Washington, DC||Sep 09, 2012||$110,000 -
|Economic Consultant||Parsons Brinckerhoff, Inc.||New York, NY||Apr 16, 2015||$109,200|
|Economic Consultant||Valve Corporation||Bellevue, WA||Mar 01, 2012||$104,350 -
|Economic Consultant, Oil & Gas||IPD Latin America, LLC||Fort Lauderdale, FL||Jan 15, 2016||$103,605|
|Senior Economic Consultant, Actuarial||Bates Whites, LLC||Washington, DC||Oct 01, 2009||$100,000 -
|Economic Consultant||Parsons Brinckerhoff, Inc.||New York, NY||Nov 24, 2014||$97,500|
|Senior Economic Consultant||London Economics International LLC||Boston, MA||Sep 03, 2015||$97,500|
|Senior Economic Consultant||London Economics International LLC||Boston, MA||Apr 23, 2015||$97,500|
|Economic Consultant-Competition Economics||Robins Kaplan LLP||Minneapolis, MN||Jan 09, 2016||$97,500|
|Economic Consultant||Medical Dynamic Systems, Inc.||New York, NY||May 19, 2010||$94,061|
|Economic Consultant-Competition Economics||Robins, Kaplan, Miller & Ciresi L.L.P.||Minneapolis, MN||Dec 24, 2014||$92,500|
|Consultant, Economic Capital||DFS Corporate Services LLC||Riverwoods, IL||Sep 25, 2014||$91,853 -
|Economic Consultant||Greatest Good LLC||Chicago, IL||Apr 01, 2011||$87,500|
|Economic Consultant||Greatest Good LLC||Chicago, IL||Sep 10, 2011||$87,500|
|Healthcare Economics Consultant||United Healthcare Services, Inc.||Cypress, CA||Aug 12, 2015||$85,000 -
|Risk Economics Consultant I||Marsh USA Inc.||New York, NY||Jan 04, 2016||$85,000 -
|Economic Consultant||R.A. Zweig, Inc.||Glenview, IL||Jun 24, 2015||$82,555|
|Healthcare Economics Consultant||United Healthcare Services, Inc.||Horsham, PA||Feb 10, 2016||$76,378 -
|Economic Consultant||Nutrition Formulators, Inc.||Miramar, FL||Apr 26, 2016||$76,000|
|Economic Consultant||Proinci Investment||Miami, FL||Oct 14, 2011||$75,046|
|Economic Consultant||Greatest Good LLC||Chicago, IL||Sep 04, 2011||$75,000|
|Healthcare Economics Consultant||United Healthcare Services, Inc.||Cypress, CA||Jan 29, 2016||$74,589 -
|Economic Consultant||Edgeworth Economics LLC||San Francisco, CA||Sep 04, 2015||$70,470|
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