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Become A Performance Analyst

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Working As A Performance 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

  • $72,678

    Average Salary

What Does A Performance 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 A Performance 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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Performance Analyst Jobs

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Performance Analyst Career Paths

Performance Analyst
Performance Test Lead Quality Assurance Lead Senior Business Analyst
Analytical Manager
9 Yearsyrs
Investment Analyst Business Analyst Senior Programmer Analyst
Application Manager
9 Yearsyrs
Senior Business Analyst Program Manager Human Resources Manager
Business Partner
8 Yearsyrs
Senior Analyst Operations Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Senior Finance Analyst Senior Manager
Director Of Analytics
13 Yearsyrs
Investment Analyst Senior Finance Analyst Purchasing Manager
Group Manager
8 Yearsyrs
Senior Quality Assurance Analyst Senior Business Analyst Implementation Manager
Integration Manager
10 Yearsyrs
Business Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Senior Business Analyst Project Manager Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Assistant Vice President Project Manager Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Lead Technician Technical Supervisor Slot Technician
Performance Manager
8 Yearsyrs
Senior Finance Analyst Operations Manager Business Analyst
Product Owner
9 Yearsyrs
Business Analyst Information Technology Project Manager
Program/Project Manager
10 Yearsyrs
Project Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Compliance Analyst Compliance Manager Subcontracts Manager
Senior Managed
7 Yearsyrs
Project Manager Consultant/Project Manager Information Technology Project Manager
Service Delivery Manager
11 Yearsyrs
Performance Test Lead Architect Solutions Architect
Solutions Manager
8 Yearsyrs
Senior Analyst Information Technology Manager Sales Engineer
Technical Account Manager
7 Yearsyrs
Assistant Vice President Program Manager Technical Director
Vice President, Technology
11 Yearsyrs
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Do you work as a Performance Analyst?

Performance Analyst Demographics

Gender

Male

57.7%

Female

39.5%

Unknown

2.8%
Ethnicity

White

56.1%

Asian

14.9%

Hispanic or Latino

13.0%

Black or African American

11.1%

Unknown

4.9%
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Languages Spoken

Spanish

41.0%

French

9.5%

Russian

8.6%

Mandarin

6.7%

Chinese

5.7%

Korean

3.8%

Italian

3.8%

German

3.8%

Cantonese

2.9%

Japanese

2.9%

Portuguese

1.9%

Hebrew

1.9%

Swahili

1.0%

Turkish

1.0%

Hindi

1.0%

Azerbaijani

1.0%

Danish

1.0%

Indonesian

1.0%

Lithuanian

1.0%

Armenian

1.0%
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Performance Analyst Education

Schools

University of Phoenix

12.3%

University of Central Florida

6.6%

Northeastern University

6.6%

Illinois State University

5.7%

Boston University

5.7%

University of Chicago

5.7%

New York University

4.7%

Temple University

4.7%

Strayer University

4.7%

Ohio State University

4.2%

Pennsylvania State University

4.2%

University of Texas at Austin

4.2%

Bentley University

4.2%

Florida State University

4.2%

Bryant University

3.8%

Villanova University

3.8%

Duquesne University

3.8%

University of Washington

3.8%

Drexel University

3.8%

George Washington University

3.3%
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Majors

Business

28.3%

Finance

19.5%

Computer Science

7.1%

Accounting

7.1%

Economics

4.8%

Management

4.1%

Marketing

3.6%

Electrical Engineering

2.8%

Communication

2.3%

Information Technology

2.2%

Computer Information Systems

2.2%

Psychology

2.1%

Mechanical Engineering

2.0%

Computer Engineering

1.8%

Political Science

1.8%

Mathematics

1.8%

Nursing

1.7%

Health Care Administration

1.7%

Education

1.6%

Project Management

1.5%
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Degrees

Bachelors

44.7%

Masters

34.4%

Other

11.7%

Associate

3.7%

Certificate

2.7%

Doctorate

2.1%

Diploma

0.5%

License

0.1%
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Real Performance Analyst Salaries

Job Title Company Location Start Date Salary
Portfolio Risk & Performance Analyst Guggenheim Credit Services, LLC New York, NY Jul 29, 2016 $153,546 -
$156,000
Performance and Capacity Analyst 2 Stubhub, Inc. San Francisco, CA Oct 19, 2016 $140,000
Performance and Capacity Analyst 3 Paypal, Inc. San Jose, CA Aug 31, 2016 $138,375
Performance and Capacity Analyst 3 Paypal, Inc. San Jose, CA Jun 16, 2016 $138,375
Performance and Capacity Analyst 3 Paypal, Inc. San Jose, CA Sep 05, 2015 $135,000
Performance and Capacity Analyst 3 EBAY Inc. San Jose, CA Jun 12, 2015 $135,000
SAP Performance Analyst Apple Inc. Cupertino, CA Sep 21, 2015 $135,000 -
$164,900
Computer Performance Analyst Intermedia Group, Inc. Jersey City, NJ Oct 27, 2016 $132,000
Performance and Capacity Analyst 2 EBAY Inc. San Jose, CA Sep 07, 2015 $128,850
Capacity and Performance Analyst 2 EBAY Inc. San Jose, CA Sep 20, 2016 $128,850
Financial Performance Analyst IV Bank of The West San Ramon, CA Feb 18, 2016 $120,000
Senior Service Delivery Performance Analyst American Express Travel Related Services Company, Inc. Phoenix, AZ Aug 08, 2016 $115,000
Senior SD Performance Analyst American Express Travel Related Services Company, Inc. Phoenix, AZ Aug 08, 2016 $115,000
Hardware Performance Analyst IBM Corporation Austin, TX Jul 26, 2016 $91,416 -
$113,448
Performance Modeling Analyst IBM Corporation Austin, TX Aug 07, 2016 $91,416 -
$155,000
SAP BW Performance Tuning Analyst Tata Consultancy Services Limited Charlotte, NC Jun 05, 2015 $90,000
Performance Analyst Medidata Solutions, Inc. Iselin, NJ Jul 13, 2016 $90,000
Performance Analyst JM Information Systems, LLC Edison, NJ Feb 12, 2015 $89,731
Performance Analyst Monsanto Company Saint Louis, MO Jan 23, 2015 $89,627 -
$108,800
Performance Analyst Global Operations Huntsman International LLC The Woodlands, TX Jan 10, 2016 $88,437
Performance Analyst General Motors Company Detroit, MI Aug 14, 2015 $88,000
Performance Analyst Eachwin Capital, LP New York, NY Jun 04, 2016 $72,500
Performance Analyst Eachwin Capital, LP New York, NY Feb 10, 2016 $72,500
Data Performance Analyst IBM Corporation Austin, TX Oct 30, 2015 $72,469 -
$106,116
Programmer/Performance Analyst Compest Solutions, Inc. Durham, NC Jun 15, 2015 $72,000
Performance Analyst Compest Solutions, Inc. Owings Mills, MD Sep 15, 2015 $72,000
Programmer/Performance Analyst Compest Solutions, Inc. NJ Sep 15, 2016 $72,000
Programmer/Performance Analyst Compest Solutions, Inc. Dublin, OH Jul 18, 2016 $72,000
Programmer/Performance Analyst Compest Solutions, Inc. Jacksonville, FL Sep 15, 2016 $72,000

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Top Skills for A Performance Analyst

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  1. Test Plans
  2. Data Collection
  3. Portfolio
You can check out examples of real life uses of top skills on resumes here:
  • Gathered and analyzed customer performance requirements and developed test plans for Performance testing.
  • Identify significant weaknesses in data collection; established a standardized protocol for data capture to assure data consistency and integrity.
  • Coordinated the review of portfolio results between investment support and marketing departments for company publications and client letters.
  • Supported and executed daily customer environment health checks by following global processes and operational procedures, ensuring detailed work instructions utilized.
  • Developed training materials and curriculum for all training sessions to include one-on-one training, group presentation, and web based training.

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Top Performance Analyst Employers

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Jobs From Top Performance Analyst Employers

Performance Analyst Videos

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