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Become A Planning Analyst

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Working As A Planning 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

  • $73,625

    Average Salary

What Does A Planning 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 Planning 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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Planning Analyst Jobs

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Planning Analyst Career Paths

Planning Analyst
Operations Manager Business Analyst Senior Analyst
Analytical Manager
9 Yearsyrs
Program Manager Business Development Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Planning Manager Product Manager Information Technology Project Manager
Business Program Manager
10 Yearsyrs
Project Manager Program Manager Product Manager
Category Manager
8 Yearsyrs
Master Scheduler Supply Chain Analyst Marketing Analyst
Customer Relationship Management Manager
8 Yearsyrs
Senior Finance Analyst Finance Manager Controller
Finance Controller
9 Yearsyrs
Program Manager Human Resources Manager Talent Acquisition Manager
Global Manager
11 Yearsyrs
Project Manager Information Technology Project Manager Program Manager
Global Program Manager
11 Yearsyrs
Supply Chain Analyst Senior Business Analyst Implementation Manager
Integration Manager
10 Yearsyrs
Business Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Finance Analyst Business Analyst Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Planning Manager Project Manager Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Operations Manager Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Pricing Analyst Performance Analyst
Performance Manager
8 Yearsyrs
Senior Analyst Accounting Manager Senior Finance Analyst
Planning Manager
8 Yearsyrs
Senior Analyst Senior Finance Analyst
Pricing Manager
7 Yearsyrs
Product Manager Business Unit Manager Quality Manager
Process Improvement Manager
10 Yearsyrs
Business Analyst Senior Analyst Senior Finance Analyst
Senior Finance Manager
11 Yearsyrs
Finance Analyst Account Manager Purchasing Manager
Supply Chain Consultant
10 Yearsyrs
Senior Finance Analyst Operations Manager Supply Chain Manager
Supply Chain Director
14 Yearsyrs
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Do you work as a Planning Analyst?

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Do you work as a Planning Analyst?

Planning Analyst Demographics

Gender

Male

51.3%

Female

46.3%

Unknown

2.4%
Ethnicity

White

60.3%

Hispanic or Latino

14.3%

Asian

10.8%

Black or African American

10.5%

Unknown

4.1%
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Languages Spoken

Spanish

41.2%

Mandarin

9.2%

Chinese

9.2%

French

6.1%

Italian

5.3%

Portuguese

5.3%

German

3.8%

Japanese

3.8%

Carrier

3.1%

Hindi

2.3%

Cantonese

2.3%

Korean

1.5%

Russian

1.5%

Gujarati

0.8%

Ukrainian

0.8%

Bengali

0.8%

Thai

0.8%

Filipino

0.8%

Burmese

0.8%

Amharic

0.8%
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Planning Analyst Education

Schools

University of Phoenix

18.2%

Northern Illinois University

6.0%

Pennsylvania State University

5.6%

Ohio State University

5.3%

Michigan State University

4.9%

University of Southern California

4.9%

Northeastern University

4.9%

DePaul University

4.6%

University of Texas at Austin

4.6%

Strayer University

4.6%

University of North Carolina at Greensboro

4.2%

Purdue University

4.2%

Villanova University

3.9%

University of South Florida

3.5%

Bradley University

3.5%

Illinois State University

3.5%

Webster University

3.5%

University of Iowa

3.5%

Southern New Hampshire University

3.5%

University of Nebraska at Omaha

3.2%
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Majors

Business

40.2%

Finance

10.5%

Accounting

6.8%

Marketing

6.7%

Management

5.5%

Supply Chain Management

4.2%

Economics

3.2%

Project Management

2.6%

Communication

2.3%

Computer Science

2.1%

Computer Information Systems

2.0%

Human Resources Management

1.8%

Information Technology

1.8%

Political Science

1.7%

Mathematics

1.7%

Industrial Engineering

1.5%

Psychology

1.5%

International Business

1.3%

Health Care Administration

1.3%

Public Administration

1.2%
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Degrees

Bachelors

42.3%

Masters

35.4%

Other

12.2%

Associate

4.4%

Certificate

3.5%

Doctorate

1.6%

Diploma

0.5%

License

0.1%
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Part Time
Internship
Temporary

Real Planning Analyst Salaries

Job Title Company Location Start Date Salary
Planning & Analysis Lead Analyst Citigroup Management Corp. Islandia, NY Apr 01, 2015 $140,000
Planning and Analysis Lead Analyst Citigroup Management Corp. Islandia, NY Jan 08, 2016 $125,000
Planning and Analysis Lead Analyst Citigroup Global Markets Inc. New York, NY May 09, 2016 $125,000
Planning and Analysis Lead Analyst Citigroup Management Corp. Islandia, NY Jan 06, 2016 $125,000
Planning & Analysis Lead Analyst Citibank, N.A. Miami, FL May 01, 2015 $120,000
Sales Strategy & Planning Analyst Equinix, Inc. Redwood City, CA Mar 14, 2016 $115,000
Planning and Analysis Lead Analyst Citibank, N.A Miami, FL Aug 04, 2016 $115,000
Planning & Analyst Specialist Marsh & McLennan Companies, Inc. New York, NY Sep 15, 2015 $113,000 -
$127,000
Lead Market Planning Analyst NRG Energy, Inc. Princeton, NJ Jun 02, 2016 $112,200
Market Planning Analyst Genentech USA, Inc. South San Francisco, CA Jun 06, 2016 $110,115 -
$188,600
Kindle CS Capacity Planning Analyst Amazon Corporate LLC Seattle, WA Feb 25, 2015 $110,000 -
$150,000
Planning Analyst Murphy Exploration and Production Company Houston, TX Oct 02, 2015 $110,000
Resources Planning Analyst III Progressive Casualty Insurance Company Phoenix, AZ Apr 27, 2015 $88,234
SCM Planning Analyst Davol Inc. Warwick, RI Mar 09, 2016 $88,000
Production Planning Analyst Driscoll Strawberry Associates, Inc. Watsonville, CA May 21, 2015 $85,571
Resource Planning Analyst Progressive Casualty Insurance Company Phoenix, AZ Apr 01, 2015 $84,500
Essbase Planning Analyst I Edgewater Technology White Plains, NY Sep 01, 2015 $80,000
Planning Analyst Intel Corporation Chandler, AZ Jun 09, 2016 $78,832 -
$96,400
Supply Planning Analyst KLA-Tencor Corporation Milpitas, CA Jan 01, 2015 $78,568
Master Planning Analyst Niagara Bottling, LLC Ontario, CA Mar 02, 2015 $77,000
Production Planning Analyst Grocery Delivery E-Services USA, Inc. Newark, NJ May 09, 2016 $64,397
Inventory Planning Analyst The Gap, Inc. San Francisco, CA Dec 08, 2016 $63,606 -
$65,000
Inventory Planning Analyst The Gap, Inc. San Francisco, CA Aug 21, 2016 $63,606 -
$90,000
Planning Analyst Westvest Associates Inc. Doral, FL Feb 08, 2016 $62,150
Production Planning Analyst Amazon.Com.AZDC LLC Phoenix, AZ Oct 01, 2015 $62,000 -
$90,000
Planning Analyst and Modeler Southern Company Servies, Inc. Birmingham, AL Sep 26, 2015 $62,000 -
$82,000
Production Planning Analyst Amazon.Com.AZDC LLC Phoenix, AZ Jan 10, 2015 $62,000 -
$90,000
Capacity Planning Analyst Fidelity Technology Group LLC Durham, NC Aug 17, 2015 $61,506 -
$79,227

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Top Skills for A Planning Analyst

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  1. Financial Statements
  2. Procedures
  3. Capacity Planning
You can check out examples of real life uses of top skills on resumes here:
  • Performed daily audit of financial statements to identify any problems that arose during the daily valuation/cash management reporting process.
  • Boosted visibility into procurement, manufacturing, and service requirements by introducing new operating procedures and KPI analysis reports for vendors.
  • Designed and built capacity management models and metrics for demand forecasting and capacity planning.
  • Developed intricate customer-facing Access database for producing various unplanned absence reports and assisting analysts with time off management program.
  • Designed and implemented manual shop floor control systems to track customer orders and work-in-process inventory levels.

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