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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.
|Job Title||Company||Location||Start Date||Salary|
|Operational Risk Analyst||Brooks Brothers||Enfield, CT||Dec 17, 2015||$150,000|
|Operational Risk Analyst||Fifth Third Bank, An Ohio Banking Corporation||Cincinnati, OH||Aug 17, 2016||$135,000|
|Senior Operational Risk Analyst||Fifth Third Bank, An Ohio Banking Corporation||Cincinnati, OH||Nov 08, 2016||$135,000|
|Operational Risk Analyst||Man Investments USA Holdings Inc.||New York, NY||Aug 06, 2015||$135,000|
|Analyst, Risk Operations||Facebook, Inc.||Menlo Park, CA||Sep 15, 2014||$121,299|
|Operational Risk Analyst||Fifth Third Bank, An Ohio Banking Corporation||Cincinnati, OH||Jul 07, 2015||$120,000|
|Operational Risk Analyst||Valora Capital Advisors Co.||Miami, FL||Oct 01, 2011||$120,000|
|Operational Risk Analyst||Valora Capital Advisors Co.||Miami, FL||Mar 01, 2012||$120,000|
|Operational Risk Management Business Analyst||Citibank, N.A.||Irving, TX||Aug 22, 2016||$115,000|
|Operational Risk Management Business Analyst||Citibank, N.A.||Tampa, FL||Aug 08, 2016||$115,000|
|Senior Operational Risk Analyst||H Partners Group LLC||Miami, FL||Jun 10, 2016||$111,530|
|Director, Operational Risk Analyst||UBS AG||New York, NY||Feb 25, 2010||$111,114 -
|Director, Operational Risk Analyst||UBS Securities LLC||Stamford, CT||Feb 25, 2010||$111,114 -
|Operational Risk Quantitative Modeler||MUFG Union Bank, N.A.||Monterey Park, CA||Oct 31, 2016||$104,000|
|Operational Risk Analyst||Fifth Third Bank, An Ohio Banking Corporation||Cincinnati, OH||Oct 08, 2016||$100,006|
|Operational Risk Quantitative Modeler||MUFG Union Bank, N.A.||Monterey Park, CA||Aug 24, 2015||$100,000|
|Operations Risk Analysts||Circuitronix LLC||Miami, FL||Sep 19, 2012||$100,000|
|Operational Risk Analyst||Van Eck Associates Corporation||New York, NY||Sep 01, 2015||$100,000 -
|Operations Risk Analyst||Circuitronix LLC||Fort Lauderdale, FL||Sep 19, 2012||$100,000|
|Operational Risk Analyst||Van Eck Associates Corporation||New York, NY||Oct 13, 2014||$95,576 -
|Operational Risk Modeling Analyst||Santander Bank, N.A.||New York, NY||Aug 19, 2016||$95,000 -
|SR. Operational Risk Analyst||Bank of The West||San Francisco, CA||Mar 10, 2014||$85,000|
|Operations Risk Analyst||Bill Me Later, Inc.||Huntingtown, MD||Jul 16, 2010||$83,928|
|Operations Risk Analyst||American General Life Insurance Company||Houston, TX||Sep 05, 2015||$78,000|
|Operational Risk Analyst||Maganti It Resources, LLC||Naugatuck, CT||Aug 15, 2016||$75,000|
|Operational Risk Quantative Modeler||Union Bank, N.A.||Monterey Park, CA||Sep 03, 2014||$75,000 -
|Operations Risk Technical Analyst||Union Bank, N.A.||Monterey Park, CA||Feb 22, 2010||$72,613 -
|Operational Risk Analyst||Bank of The West||San Francisco, CA||Sep 17, 2014||$70,000|
|Operational Risk Analyst||OCAM LLC||Weston, FL||Jun 10, 2014||$70,000|
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