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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

  • $76,159

    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
Senior Analyst Senior Manager Director Of Information
Chief Information Officer
11 Yearsyrs
Performance Test Engineer Quality Assurance Lead Senior Manager
Director Of Enterprise Architecture
14 Yearsyrs
Performance Engineer Project Manager Information Technology Project Manager
Director Of Information
10 Yearsyrs
Senior Business Analyst Product Manager Director Of Sales
Director Of Sales And Operations
10 Yearsyrs
Operations Manager Management Consultant Service Delivery Manager
Director, Service Delivery
13 Yearsyrs
Investment Analyst Finance Analyst Human Resources Coordinator
Human Resources Lead
8 Yearsyrs
Assistant Vice President Senior Consultant Information Technology Manager
Information Technology Director
10 Yearsyrs
Performance Engineer Quality Assurance Lead Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Business Analyst Product Manager Sales Manager
Operations Manager
7 Yearsyrs
Senior Business Analyst Information Technology Project Manager Director Of Information
Senior Director Of Information & Technology
13 Yearsyrs
Senior Analyst Senior Consultant Information Technology Manager
Senior Information Technology Manager
10 Yearsyrs
Systems Engineer Systems Manager Information Systems Manager
Senior Manager-Systems
12 Yearsyrs
Business Analyst Project Manager
Senior Project Manager
12 Yearsyrs
Senior Finance Analyst Business Manager Service Manager
Service Operations Manager
8 Yearsyrs
Assistant Vice President Human Resources Coordinator Recruiter
Talent Acquisition Manager
9 Yearsyrs
Project Manager Information Technology Project Manager Director Of Information
Vice President Of Information Technology
12 Yearsyrs
Project Manager Program Manager Business Developer
Vice President, Business Development
13 Yearsyrs
Investment Analyst Business Analyst Product Manager
Vice President, Product Management
13 Yearsyrs
Senior Finance Analyst Program Manager Technical Director
Vice President, Technology
11 Yearsyrs
Operations Manager Senior Manager Product Management Director
Vice President-Products
13 Yearsyrs
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Performance Analyst Demographics

Gender

Male

57.8%

Female

39.2%

Unknown

3.0%
Ethnicity

White

72.1%

Asian

14.5%

Hispanic or Latino

8.8%

Unknown

3.3%

Black or African American

1.3%
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Languages Spoken

Spanish

37.7%

French

9.4%

Russian

9.4%

Mandarin

7.5%

Chinese

6.6%

Korean

3.8%

Cantonese

3.8%

German

3.8%

Italian

2.8%

Portuguese

2.8%

Japanese

2.8%

Hebrew

1.9%

Swahili

0.9%

Turkish

0.9%

Hindi

0.9%

Azerbaijani

0.9%

Danish

0.9%

Indonesian

0.9%

Lithuanian

0.9%

Armenian

0.9%
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Performance Analyst Education

Schools

University of Phoenix

11.9%

University of Central Florida

6.7%

Northeastern University

6.2%

Boston University

5.7%

Illinois State University

5.2%

University of Chicago

5.2%

New York University

4.8%

Temple University

4.8%

Ohio State University

4.8%

Pennsylvania State University

4.8%

University of Texas at Austin

4.8%

Strayer University

4.8%

Florida State University

4.3%

Villanova University

3.8%

George Washington University

3.8%

Duquesne University

3.8%

Bentley University

3.8%

University of Washington

3.8%

Drexel University

3.8%

Bryant University

3.3%
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Majors

Business

27.8%

Finance

20.0%

Computer Science

7.0%

Accounting

7.0%

Economics

4.8%

Management

4.3%

Marketing

3.5%

Electrical Engineering

2.8%

Communication

2.3%

Psychology

2.1%

Information Technology

2.1%

Computer Information Systems

2.1%

Political Science

1.9%

Mechanical Engineering

1.9%

Mathematics

1.9%

Nursing

1.9%

Computer Engineering

1.8%

Education

1.6%

Human Resources Management

1.6%

Project Management

1.5%
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Degrees

Bachelors

45.2%

Masters

33.9%

Other

11.5%

Associate

3.9%

Certificate

2.7%

Doctorate

2.1%

Diploma

0.6%

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

ClientPortfoliosDataCollectionFinancialWebSQLServerPerformanceTestPerformanceReportsTestScenariosTestPlanLoadTestWindowsCapacityPlanningPerformanceDataDevelopersIncomeTestCasesEquityUnixInvestmentPerformancePerformanceIssues

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Top Performance Analyst Skills

  1. Client Portfolios
  2. Data Collection
  3. Financial
You can check out examples of real life uses of top skills on resumes here:
  • Supported installation of new client portfolios and portfolio terminations on multiple performance systems.
  • Mentor less experienced engineers in data collection and analysis techniques and the performance tuning disciplines.
  • Managed customer data reconciliation project in preparation for migration to new financial software system.
  • Performed migration of an ASP.NET webpage from IIS6 and 32 bit applications to IIS7 and 64 bit applications.
  • Extracted data from various sources like Oracle, flat files and SQL Server.

Top Performance Analyst Employers

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Performance Analyst Videos

Career Advice on becoming a Management Consultant by Sara C (Full Version)

CAREERS IN MBA FINANCE – BBM,CAT,Business Schools,Top Recruiters,Salary Package

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