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Become An Industrial Analyst

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Working As An Industrial 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

  • $75,000

    Average Salary

What Does An Industrial 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 An Industrial 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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Industrial Analyst Career Paths

Industrial Analyst
Consultant Project Manager Product Manager
Senior Product Manager
9 Yearsyrs
Consultant Account Manager Marketing Manager
Senior Manager Of Marketing
9 Yearsyrs
Consultant Senior Accountant Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Marketing Manager General Manager Vice President
President & Chief Operating Officer
13 Yearsyrs
Marketing Manager General Manager Operations Vice President
Senior Vice President-Operations
14 Yearsyrs
Business Analyst Project Manager Product Manager
Product Marketing Manager
7 Yearsyrs
Business Analyst Manager Finance Manager
Senior Finance Manager
11 Yearsyrs
Business Analyst Product Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Finance Analyst Manager General Manager
Regional Vice President
11 Yearsyrs
Finance Analyst Manager Property Manager
Portfolio Manager
7 Yearsyrs
Finance Analyst Senior Analyst Senior Software Engineer
Director Of Software Development
12 Yearsyrs
Project Manager Senior Project Manager
Director Of Professional Services
11 Yearsyrs
Senior Analyst Senior Finance Analyst
Finance Project Manager
8 Yearsyrs
Senior Analyst Senior Manager Partner
Managing Member
8 Yearsyrs
Senior Product Manager Senior Manager Of Marketing Senior Manager
Director Of Analytics
12 Yearsyrs
Marketing Analyst Account Executive Business Development Manager
Proposal Manager
10 Yearsyrs
Marketing Analyst Analyst Senior Business Analyst
Analytical Manager
8 Yearsyrs
Marketing Analyst Senior Finance Analyst Planning Manager
Manager, Strategy
8 Yearsyrs
Senior Consultant Senior Database Administrator Business Intelligence Manager
Performance Manager
8 Yearsyrs
Assistant Manager Property Manager Asset Manager
Vending Manager
7 Yearsyrs
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Do you work as an Industrial Analyst?

Help others decide if this is a good career for them

Do you work as an Industrial Analyst?

Average Yearly Salary
$75,000
View Detailed Salary Report
$46,000
Min 10%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$75,000
Median 50%
$121,000
Max 90%
Best Paying Company
Google
Highest Paying City
Seattle, WA
Highest Paying State
Alaska
Avg Experience Level
2.5 years
How much does an Industrial Analyst make at top companies?
The national average salary for an Industrial Analyst in the United States is $75,099 per year or $36 per hour. Those in the bottom 10 percent make under $46,000 a year, and the top 10 percent make over $121,000.

Real Industrial Analyst Salaries

Job Title Company Location Start Date Salary
Commodity Industry Analyst Phibro Services LLC Westport, CT Sep 16, 2010 $350,000
Commodity Industry Analyst Phibro Services LLC Westport, CT Sep 14, 2010 $350,000
Commodity Industry Analyst Phibro Services LLC Westport, CT Sep 20, 2010 $250,000 -
$375,000
Industrials Analyst Citadel LLC New York, NY Apr 03, 2016 $210,000
Industrials Analyst Citadel LLC New York, NY Mar 04, 2016 $210,000
Industry Analyst Google Inc. New York, NY Feb 05, 2016 $138,000
Senior Industrials Analyst Mpg Operations LLC Sugar Land, TX Nov 21, 2016 $125,000
Industry Analyst Google Inc. Coral Gables, FL May 08, 2016 $120,643
Global Industry Analyst Wellington Management Company LLP Boston, MA Aug 02, 2014 $120,000
Industry Analyst Google Inc. New York, NY Jun 29, 2015 $116,813
Industry Analyst Google Inc. New York, NY Oct 01, 2013 $110,000
Industry Analyst Google Inc. Mountain View, CA Aug 06, 2013 $110,000
Global Industry Analyst Wellington Management Company, LLP Boston, MA Sep 01, 2010 $110,000
Industry Analyst Google Inc. New York, NY Aug 22, 2015 $92,000
Economist Industry Analyst SKS Management, LLC Bristol, PA Jan 13, 2015 $79,102
Industry Analyst Google Inc. Coral Gables, FL Jul 27, 2015 $77,900
Telecom Industry Analyst ITG Investment Research, Inc. New York, NY Oct 22, 2011 $75,000
Planning and Industrial Analyst Nexolon America LLC San Antonio, TX Dec 23, 2013 $75,000
SR. Industry Analyst, Life Sciences Frost & Sullivan Pearland, TX Aug 06, 2015 $72,350
SR. Industry Analyst, Life Sciences Frost & Sullivan Pearland, TX Sep 23, 2016 $72,350
Industry Analyst Frost & Sullivan San Antonio, TX Sep 13, 2014 $72,000
Industry Analyst Frost & Sullivan Houston, TX Oct 01, 2014 $72,000
Industry Analyst Frost & Sullivan San Antonio, TX Jul 22, 2014 $56,035
SR. Industry Analyst Frost & Sullivan San Antonio, TX Sep 24, 2013 $55,000
SR. Industry Analyst Frost & Sullivan Houston, TX Mar 06, 2014 $55,000
Industry Analyst Frost & Sullivan San Antonio, TX Sep 13, 2014 $55,000
Industry Analyst Gap Intelligence, Inc. San Diego, CA Dec 13, 2011 $54,040
Industry Analyst Frost & Sullivan Houston, TX Jul 22, 2014 $51,792
Industry Analyst and Industry Manager Frost & Sullivan San Antonio, TX Jun 11, 2015 $51,266

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Top Skills for An Industrial Analyst

  1. Financial Statements
  2. Market Research
  3. Industrials Sector
You can check out examples of real life uses of top skills on resumes here:
  • Reviewed and analyzed financial statements to determine risk associated with highly leveraged firms.
  • Coordinated syndicated market research projects on behalf of global A&T offices with automotive manufacturers and automotive related companies.
  • Collected primary and secondary business intelligence in industries to identify opportunities for lab technology, supporting business development and communication efforts.
  • Generated market research reports which included technology and demand trends, market sizing, market forecasting, and competitive analysis.
  • Developed research objectives, selected methodologies, planned research projects, and implemented data analysis and reporting.

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Top 10 Best States for Industrial Analysts

  1. New York
  2. Virginia
  3. Maryland
  4. District of Columbia
  5. New Jersey
  6. Massachusetts
  7. Connecticut
  8. Washington
  9. Alabama
  10. North Carolina
  • (1,290 jobs)
  • (1,336 jobs)
  • (661 jobs)
  • (590 jobs)
  • (539 jobs)
  • (693 jobs)
  • (235 jobs)
  • (365 jobs)
  • (189 jobs)
  • (564 jobs)

Industrial Analyst Demographics

Gender

Male

57.1%

Female

30.8%

Unknown

12.1%
Ethnicity

White

55.0%

Hispanic or Latino

14.5%

Asian

14.4%

Black or African American

11.6%

Unknown

4.5%
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Foreign Languages Spoken

Spanish

29.5%

Mandarin

14.8%

Chinese

9.8%

French

9.8%

Portuguese

6.6%

Japanese

4.9%

Carrier

3.3%

Korean

3.3%

Dutch

1.6%

Finnish

1.6%

Vietnamese

1.6%

German

1.6%

Italian

1.6%

Cantonese

1.6%

Greek

1.6%

Dakota

1.6%

Tibetan

1.6%

Xiang

1.6%

Russian

1.6%
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Industrial Analyst Education

Schools

Pennsylvania State University

8.7%

George Washington University

8.7%

Georgetown University

7.8%

American University

7.8%

University of Washington

5.8%

Fordham University

4.9%

University of Virginia

4.9%

University of Texas at Austin

4.9%

Syracuse University

3.9%

University of Michigan - Ann Arbor

3.9%

New York University

3.9%

Santa Clara University

3.9%

Brandeis University

3.9%

Duke University

3.9%

University of Phoenix

3.9%

San Jose State University

3.9%

Carnegie Mellon University

3.9%

Northeastern University

3.9%

University of Pennsylvania

3.9%

University of North Carolina at Chapel Hill

3.9%
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Majors

Business

28.1%

Finance

21.5%

Economics

10.6%

Marketing

8.1%

Accounting

5.3%

Management

3.3%

Legal Research And Advanced Professional Studies

2.8%

Political Science

2.5%

Law

2.3%

International Business

1.8%

English

1.8%

Chemistry

1.8%

Pharmacy

1.5%

Management Science

1.5%

Business Economics

1.3%

Mechanical Engineering

1.3%

Environmental Control Technologies/Technicians

1.3%

History

1.3%

Nursing

1.0%

Electrical Engineering

1.0%
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Degrees

Masters

46.4%

Bachelors

36.2%

Other

7.9%

Doctorate

4.7%

Certificate

2.6%

Associate

1.7%

Diploma

0.4%
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