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Become A Fico Consultant

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Working As A Fico Consultant

  • Interacting With Computers
  • Making Decisions and Solving Problems
  • Processing Information
  • Getting Information
  • Evaluating Information to Determine Compliance with Standards
  • Mostly Sitting

  • Repetitive

  • $90,000

    Average Salary

What Does A Fico Consultant Do

Computer systems analysts study an organization’s current computer systems and procedures and design information systems solutions to help the organization operate more efficiently and effectively. They bring business and information technology (IT) together by understanding the needs and limitations of both.

Duties

Computer systems analysts typically do the following:

  • Consult with managers to determine the role of IT systems in an organization
  • Research emerging technologies to decide if installing them can increase the organization’s efficiency and effectiveness
  • Prepare an analysis of costs and benefits so that management can decide if IT systems and computing infrastructure upgrades are financially worthwhile
  • Devise ways to add new functionality to existing computer systems
  • Design and implement new systems by choosing and configuring hardware and software
  • Oversee the installation and configuration of new systems to customize them for the organization
  • Conduct testing to ensure that the systems work as expected
  • Train the systems’ end users and write instruction manuals

Computer systems analysts use a variety of techniques such as data modeling to design computer systems. Data modeling allows analysts to view the processes and data flows even before programs have been written. 

Once programs have been written, analysts conduct in-depth tests and analyze information and trends in the data to increase a system’s performance and efficiency.

Analysts calculate requirements for how much memory and speed the computer system needs. They prepare flowcharts or other kinds of diagrams for programmers or engineers to use when building the system. Analysts also work with these people to solve problems that arise after the initial system is set up. Most analysts do some programming in the course of their work.

Most computer systems analysts specialize in certain types of computer systems that are specific to the organization they work with. For example, an analyst might work predominantly with financial computer systems or engineering computer systems.

Systems analysts help other IT team members understand how computer systems can best serve an organization by working closely with the organization’s business leaders.

In some cases, analysts who supervise the initial installation or upgrade of IT systems from start to finish may be called IT project managers. They monitor a project’s progress to ensure that deadlines, standards, and cost targets are met. IT project managers who plan and direct an organization’s IT department or IT policies are included in the profile on computer and information systems managers.

Many computer systems analysts are general-purpose analysts who develop new systems or fine-tune existing ones; however, there are some specialized systems analysts. The following are examples of types of computer systems analysts:

Systems designers or systems architects specialize in helping organizations choose specific types of hardware and software systems. They translate the long-term business goals of an organization into technical solutions. Analysts develop a plan for the computer systems that will be able to reach those goals. They work with management to ensure that systems and the IT infrastructure are set up to best serve the organization’s mission.

Software quality assurance (QA) analysts do in-depth testing and diagnose problems of the systems they design in order to make sure that critical requirements are met. They also write reports to management recommending ways to improve the systems.

Programmer analysts design and update their system’s software and create applications tailored to their organization’s needs. They do more coding and debugging than other types of analysts, although they still work extensively with management and business analysts to determine what business needs the applications are meant to address. Other occupations that do programming are computer programmers and software developers.

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How To Become A Fico Consultant

A bachelor’s degree in a computer or information science field is common, although not always a requirement. Some firms hire analysts with business or liberal arts degrees who have skills in information technology or computer programming.

Education

Most computer systems analysts have a bachelor’s degree in a computer-related field. Because these analysts also are heavily involved in the business side of a company, it may be helpful to take business courses or major in management information systems.

Some employers prefer applicants who have a master's degree in business administration (MBA) with a concentration in information systems. For more technically complex jobs, a master’s degree in computer science may be more appropriate.

Although many computer systems analysts have technical degrees, such a degree is not always a requirement. Many analysts have liberal arts degrees and have gained programming or technical expertise elsewhere.

Many systems analysts continue to take classes throughout their careers so they can learn about new and innovative technologies. Technological advances come so rapidly in the computer field that continual study is necessary to remain competitive.

Systems analysts must understand the business field they are working in. For example, a hospital may want an analyst with a thorough understanding of health plans and programs such as Medicare and Medicaid, and an analyst working for a bank may need to understand finance. Having knowledge of their industry helps systems analysts communicate with managers to determine the role of the information technology (IT) systems in an organization.

Advancement

With experience, systems analysts can advance to project manager and lead a team of analysts. Some can eventually become IT directors or chief technology officers. For more information, see the profile on computer and information systems managers.

Important Qualities

Analytical skills. Analysts must interpret complex information from various sources and be able to decide the best way to move forward on a project. They must also be able to figure out how changes may affect the project.

Communication skills. Analysts work as a go-between with management and the IT department and must be able to explain complex issues in a way that both will understand.

Creativity. Because analysts are tasked with finding innovative solutions to computer problems, an ability to “think outside the box” is important.

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Fico Consultant Career Paths

Fico Consultant
SAP Fico Consultant
Senior SAP Fico Consultant
6 Yearsyrs
SAP Fico Consultant Team Leader
Project Leader
5 Yearsyrs
SAP Fico Consultant Team Leader Project Manager
Contract Project Manager
10 Yearsyrs
Consultant Senior Business Analyst
Business Systems Senior Analyst
7 Yearsyrs
Consultant Senior Programmer Analyst
Senior Systems Analyst
7 Yearsyrs
Consultant Senior Software Engineer
Solutions Architect
10 Yearsyrs
Senior Consultant Solutions Architect
Lead Solution Architect
8 Yearsyrs
Senior Consultant Subject Matter Expert Senior Business Analyst
Product Owner
9 Yearsyrs
Senior Consultant Lead Consultant
Functional Lead
7 Yearsyrs
Team Leader Lead Technician
Lead Consultant
7 Yearsyrs
Lead Consultant Solutions Architect
SAP Project Manager
9 Yearsyrs
Lead Consultant Functional Lead Solutions Architect
Solutions Manager
8 Yearsyrs
Functional Consultant Oracle Functional Consultant
Oracle Consultant
5 Yearsyrs
Functional Consultant Sap-Sd Consultant
Senior SAP Consultant
6 Yearsyrs
Functional Consultant SAP Analyst Sap-Sd Consultant
Senior Functional Consultant
6 Yearsyrs
Business Analyst Information Technology Consultant
Senior Consultant, Information Technology
9 Yearsyrs
Business Analyst Project Leader Support Lead
Implementations Lead
7 Yearsyrs
Business Analyst Senior Business Analyst Implementation Manager
Integration Manager
9 Yearsyrs
Functional Lead Quality Assurance Lead Business Systems Senior Analyst
Business Leader
8 Yearsyrs
Functional Lead Support Lead Implementations Lead
Lead Integrator
8 Yearsyrs
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Do you work as a Fico Consultant?

Fico Consultant Demographics

Gender

Male

61.9%

Female

24.2%

Unknown

14.0%
Ethnicity

White

37.5%

Asian

34.3%

Hispanic or Latino

10.5%

Black or African American

9.2%

Unknown

8.5%
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Foreign Languages Spoken

Spanish

100.0%

Fico Consultant Education

Schools

Saint Xavier University

17.9%

LIU Brooklyn

10.3%

University of Houston

7.7%

Western Governors University

7.7%

South University

5.1%

Nova Southeastern University

5.1%

University of Michigan - Flint

5.1%

Grambling State University

5.1%

Saint John's University - New York

5.1%

Governors State University

5.1%

University of Texas at Arlington

2.6%

Purdue University

2.6%

California State University - Fullerton

2.6%

Saint Mary's University

2.6%

Roosevelt University

2.6%

Saint Joseph's College, New York

2.6%

Stevenson University

2.6%

University of Houston - Victoria

2.6%

More Tech Institute

2.6%

University of Akron

2.6%
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Majors

Accounting

31.6%

Finance

21.5%

Business

11.9%

Business/Commerce

10.2%

Legal Research And Advanced Professional Studies

3.4%

Information Technology

2.8%

Civil Engineering

2.8%

Management

2.3%

Project Management

1.7%

Engineering

1.7%

International Business

1.1%

Music

1.1%

Electrical Engineering

1.1%

Computer Engineering

1.1%

Industrial Technology

1.1%

Computer Applications

1.1%

Economics

1.1%

Education

1.1%

Systems Engineering

0.6%

Mechanical Engineering

0.6%
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Degrees

Masters

47.5%

Bachelors

31.7%

Other

15.3%

Diploma

3.8%

Certificate

1.6%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$90,000
View Detailed Salary Report
$63,000
Min 10%
$90,000
Median 50%
$90,000
Median 50%
$90,000
Median 50%
$90,000
Median 50%
$90,000
Median 50%
$90,000
Median 50%
$90,000
Median 50%
$129,000
Max 90%
Best Paying Company
Tata Consultancy Services
Highest Paying City
Santa Clara, CA
Highest Paying State
Alaska
Avg Experience Level
2.4 years
How much does a Fico Consultant make at top companies?
The national average salary for a Fico Consultant in the United States is $90,902 per year or $44 per hour. Those in the bottom 10 percent make under $63,000 a year, and the top 10 percent make over $129,000.

Real Fico Consultant Salaries

Job Title Company Location Start Date Salary
Fico Consultant IBM Corporation Dallas, TX Dec 09, 2016 $140,000
Senior Fico Consultant IBM India Private Limited Hoboken, NJ May 19, 2016 $114,325
Senior Fico Consultant IBM India Private Limited Hoboken, NJ May 08, 2016 $98,771
Senior Fico Consultant IBM India Private Limited Melville, NY Aug 09, 2015 $84,690 -
$88,865
Senior Fico Consultant IBM India Private Limited Pittsburgh, PA Jun 10, 2015 $80,895
Senior Fico Consultant IBM India Private Limited Pittsburgh, PA Jun 11, 2015 $80,895
Onsite Fico Consultant IBM India Private Limited Mounds View, MN Oct 04, 2015 $74,984

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Top Skills for A Fico Consultant

  1. Master Data
  2. Asset Classes
  3. Fi-Gl
You can check out examples of real life uses of top skills on resumes here:
  • Created Vendor transactions, Master data, Clearing Inter-company Vendor/Customer open items, Logistic invoice verification, Evaluated settlement.
  • Created new asset classes, documented the configuration process, tested new asset class by creating new assets.
  • General Ledger (FI-GL): Configured the company code, posting period variants, new document types, house banks.
  • Played instrumental role in gathering business requirements, gap analysis and in creation of Business Process Requirements Document.
  • Recommended and reviewed monthly consolidation Financial Reporting of Fixed Asset and other capital spending.

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Top 10 Best States for Fico Consultants

  1. Connecticut
  2. New Jersey
  3. North Dakota
  4. Delaware
  5. New York
  6. Rhode Island
  7. District of Columbia
  8. Massachusetts
  9. Washington
  10. Pennsylvania
  • (163 jobs)
  • (488 jobs)
  • (41 jobs)
  • (34 jobs)
  • (703 jobs)
  • (53 jobs)
  • (123 jobs)
  • (419 jobs)
  • (323 jobs)
  • (521 jobs)

Top Fico Consultant Employers

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