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The differences between management analysts and business analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a management analyst and a business analyst. Additionally, a business analyst has an average salary of $74,431, which is higher than the $69,804 average annual salary of a management analyst.
The top three skills for a management analyst include customer service, project management and logistics. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Management Analyst | Business Analyst | |
| Yearly salary | $69,804 | $74,431 |
| Hourly rate | $33.56 | $35.78 |
| Growth rate | 11% | 9% |
| Number of jobs | 169,171 | 170,514 |
| Job satisfaction | 5 | 4 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A management analyst is responsible for monitoring the efficiency and effectiveness of management operations, providing strategic advice and procedures to improve its services, and building excellent relationships with customers and business partners. Management analysts identify business opportunities that would help the business generate more revenues and meet long-term profitability goals. They develop techniques in maximizing productivity and optimization, recommending new systems, and upgrading existing processes. A management analyst must have excellent critical thinking and communication skills, especially when evaluating complex data and performance reports.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Management analysts and business analysts have different pay scales, as shown below.
| Management Analyst | Business Analyst | |
| Average salary | $69,804 | $74,431 |
| Salary range | Between $49,000 And $98,000 | Between $53,000 And $103,000 |
| Highest paying City | Washington, DC | Mountain View, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Professional | Finance |
There are a few differences between a management analyst and a business analyst in terms of educational background:
| Management Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between management analysts' and business analysts' demographics:
| Management Analyst | Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 46.5% Female, 53.5% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.7% White, 65.2% American Indian and Alaska Native, 0.2% | Black or African American, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 11% |