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Become A Management Development Program

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Working As A Management Development Program

  • 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

  • $88,000

    Average Salary

What Does A Management Development Program 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 Management Development Program

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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Management Development Program Career Paths

Management Development Program
Developer Consultant Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Developer Consultant Project Manager
Manager, Project Management
9 Yearsyrs
Developer Consultant Product Manager
Product Management Director
12 Yearsyrs
Account Executive Manager Chief Finance Officer
Chief Finance And Operating Officer
14 Yearsyrs
Account Executive Business Development Manager
Senior Business Development Manager
10 Yearsyrs
Account Executive Account Manager
Strategic Accounts Manager
9 Yearsyrs
Customer Relationship Management Consultant Senior Software Engineer Senior Project Manager
Director Program Management
12 Yearsyrs
Customer Relationship Management Consultant Senior Software Engineer Project Manager
Engagement Manager
9 Yearsyrs
Customer Relationship Management Consultant Senior Software Engineer Program Manager
Global Program Manager
10 Yearsyrs
Business Analyst Senior Finance Analyst
Finance Project Manager
8 Yearsyrs
Business Analyst Senior Analyst Senior Finance Analyst
Finance Leader
7 Yearsyrs
Business Analyst Project Manager Product Manager
Vice President, Product Management
13 Yearsyrs
Sales Specialist Manager Senior Manager
Practice Leader
11 Yearsyrs
Sales Specialist Analyst Senior Business Analyst
Product Owner
9 Yearsyrs
Sales Specialist Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Hyperion Consultant Analyst Senior Business Analyst
Implementation Manager
8 Yearsyrs
Hyperion Consultant Senior Consultant Project Manager/Analyst
Change Manager
9 Yearsyrs
Hyperion Consultant Senior Consultant Business Systems Senior Analyst
Business Leader
8 Yearsyrs
NET Developer Senior Programmer Analyst Senior Technical Consultant
Vice President, Technology
11 Yearsyrs
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Do you work as a Management Development Program?

Average Yearly Salary
$88,000
View Detailed Salary Report
$45,000
Min 10%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$88,000
Median 50%
$171,000
Max 90%
Best Paying Company
Dassault Systemes Americas Corp
Highest Paying City
Minneapolis, MN
Highest Paying State
North Dakota
Avg Experience Level
2.8 years
How much does a Management Development Program make at top companies?
The national average salary for a Management Development Program in the United States is $88,718 per year or $43 per hour. Those in the bottom 10 percent make under $45,000 a year, and the top 10 percent make over $171,000.

Real Management Development Program Salaries

Job Title Company Location Start Date Salary
Quantitative Risk Management Developer Mio Partners Inc. New York, NY Nov 07, 2013 $171,990
GAA Portfolio Management Developer AQR Capital Management, LLC Greenwich, CT Feb 15, 2016 $140,000 -
$160,000
GAA Portfolio Management Developer AQR Capital Management, LLC Greenwich, CT Jan 10, 2016 $140,000 -
$160,000
Portfolio Management Developer AQR Capital Management, LLC Greenwich, CT Dec 19, 2016 $140,000 -
$160,000
GAA Portfolio Management Developer AQR Capital Management Greenwich, CT Feb 22, 2016 $135,000
GAA Portfolio Management Developer AQR Capital Management Greenwich, CT Oct 15, 2015 $130,000
GAA Portfolio Management Developer AQR Capital Management, LLC Greenwich, CT Mar 06, 2015 $130,000 -
$150,000
GAA Portfolio Management Developer AQR Capital Management, LLC Greenwich, CT Oct 26, 2015 $125,000 -
$145,000
Portfolio Management Developer AQR Capital Management, LLC Greenwich, CT Dec 19, 2016 $123,000 -
$143,000
Associatemba Management Development Program URS Corporation San Francisco, CA Jul 30, 2012 $120,399
GAA-Portfolio Management Developer AQR Capital Management, LLC Greenwich, CT Oct 27, 2014 $120,000 -
$140,000
Sterling Order Management Developer Costco Wholesale Corporation Issaquah, WA Aug 31, 2015 $113,250
Defect Management Developer Paramount Software Solutions, Inc. Alpharetta, GA Feb 26, 2016 $111,384
Risk Management/Core Services Developer Magnetar Capital, LLC Evanston, IL Dec 20, 2009 $105,000 -
$115,000
Peoplesoft CRM Developer Trinet Hr Corporation San Leandro, CA Oct 31, 2011 $105,000
Risk Management/Core Services Developer Magnetar Capital, LLC Evanston, IL Dec 20, 2009 $103,480 -
$110,000
Microsoft CRM Developer Planet Technologies Inc. Germantown, MD Dec 19, 2016 $101,650
Microsoft CRM Developer Planet Technologies, Inc. Germantown, MD Mar 27, 2015 $101,650
Peoplesoft CRM Developer Skillsoft Corporation Nashua, NH May 28, 2013 $100,700
Sterling Order Management Developer Costco Wholesale Corporation Issaquah, WA Jul 20, 2015 $100,000
ERP Human Capital Management Developer Amedisys, Inc. Baton Rouge, LA Oct 01, 2012 $95,680
GAA-Portfolio Management Developer AQR Capital Management, LLC Greenwich, CT Sep 04, 2012 $95,000 -
$110,000
Microsoft CRM Developer Planet Technologies, Inc. Germantown, MD Jan 30, 2015 $95,000
Peoplesoft CRM Developer Skillsoft Corporation Nashua, NH Jan 10, 2011 $95,000
ERP Human Capital Management Developer Amedisys, Inc. Baton Rouge, LA Aug 02, 2010 $92,000
Sterling Order Management Developer Costco Wholesale Corporation Issaquah, WA Apr 20, 2015 $80,000
Identity Management Developer The Sherwin-Williams Company Cleveland, OH Nov 26, 2012 $79,477

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Top Skills for A Management Development Program

  1. Financial Management
  2. SQL
  3. Data Entry
You can check out examples of real life uses of top skills on resumes here:
  • Participated in an effort to redesign the process for certifying Commercial Off-the-Shelf core accounting and financial management software.
  • Designed interactive database with MySQL.
  • Project resulted in avoidance of manual data entry of ~4 hours each month by senior manager.
  • Developed and managed creation of strategic plan for a recently acquired business.
  • Provide superior customer service and developing relationships with clients.

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Average Salary:

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Top 10 Best States for Management Development Programs

  1. Washington
  2. Virginia
  3. New Jersey
  4. District of Columbia
  5. Maryland
  6. Connecticut
  7. Massachusetts
  8. Texas
  9. New York
  10. Alabama
  • (339 jobs)
  • (593 jobs)
  • (350 jobs)
  • (435 jobs)
  • (351 jobs)
  • (232 jobs)
  • (396 jobs)
  • (925 jobs)
  • (563 jobs)
  • (117 jobs)

Management Development Program Demographics

Gender

Male

57.0%

Female

32.8%

Unknown

10.2%
Ethnicity

White

59.3%

Hispanic or Latino

14.4%

Black or African American

11.8%

Asian

10.7%

Unknown

3.9%
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Foreign Languages Spoken

Spanish

50.7%

French

12.0%

German

4.0%

Chinese

4.0%

Mandarin

4.0%

Italian

4.0%

Greek

2.7%

Russian

2.7%

Swahili

1.3%

Filipino

1.3%

Uzbek

1.3%

Dutch

1.3%

Occidental

1.3%

Dari

1.3%

Hawaiian

1.3%

Hindi

1.3%

Polish

1.3%

Swedish

1.3%

Gujarati

1.3%

Bengali

1.3%
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Management Development Program Education

Schools

University of Phoenix

11.7%

Pennsylvania State University

8.0%

Florida State University

6.9%

Purdue University

6.9%

New York University

5.9%

University of Delaware

5.9%

Syracuse University

4.8%

Georgia State University

4.8%

University of Central Florida

4.8%

University of Arizona

4.8%

Michigan State University

4.3%

University of Maryland - College Park

4.3%

Temple University

3.7%

University of Texas at Austin

3.7%

Washington State University

3.7%

University of South Florida

3.2%

University of Florida

3.2%

George Washington University

3.2%

Marymount University

3.2%

Virginia Commonwealth University

3.2%
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Majors

Business

35.2%

Finance

8.9%

Marketing

8.6%

Management

6.6%

Computer Science

5.3%

Accounting

3.6%

Economics

3.3%

Psychology

3.3%

Communication

2.9%

Political Science

2.7%

Human Resources Management

2.5%

Education

2.1%

Mechanical Engineering

2.1%

Computer Information Systems

2.1%

Nursing

2.0%

Hospitality Management

2.0%

Law

1.9%

Kinesiology

1.6%

Electrical Engineering

1.6%

Counseling Psychology

1.5%
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Degrees

Bachelors

44.3%

Masters

33.2%

Other

12.3%

Doctorate

3.5%

Associate

3.3%

Certificate

2.5%

Diploma

0.7%

License

0.1%
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