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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

  • $70,694

    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
Finance Analyst Business Analyst Information Technology Manager
Director Of Information
10 Yearsyrs
Product Manager Information Technology Project Manager Director Of Information
Director, Applications
13 Yearsyrs
Senior Analyst Senior Finance Analyst
Finance Planning Manager
8 Yearsyrs
Finance Manager Accounts Receivable Specialist Senior Finance Analyst
Finance Project Manager
7 Yearsyrs
Program Manager Technical Director Production Manager
Material Manager
9 Yearsyrs
Project Manager Program Manager Marketing Manager
Operations Manager
7 Yearsyrs
Senior Planning Analyst Senior Finance Analyst
Planning Manager
8 Yearsyrs
Project Manager Consultant Senior Consultant
Program Manager
8 Yearsyrs
Finance Analyst Controller Operations Manager
Purchasing Manager
9 Yearsyrs
Planning Manager Senior Manager Director Of Information
Senior Director Of Information & Technology
13 Yearsyrs
Program Manager General Manager Human Resources Coordinator
Senior Human Resources Consultant
9 Yearsyrs
Operations Manager Human Resources Coordinator Human Resources Generalist
Senior Human Resources Generalist
7 Yearsyrs
Senior Finance Analyst Accounting Manager Human Resources Manager
Senior Human Resources Manager
9 Yearsyrs
Business Analyst Senior Consultant
Senior Manager
10 Yearsyrs
Business Analyst Project Manager
Senior Project Manager
12 Yearsyrs
Finance Manager Sales Manager Service Manager
Service Operations Manager
8 Yearsyrs
Planning Manager Supply Chain Manager
Supply Chain Director
14 Yearsyrs
Senior Finance Analyst Controller Operations Manager
Supply Chain Manager
10 Yearsyrs
Operations Manager Account Executive Recruiter
Talent Acquisition Manager
9 Yearsyrs
Senior Analyst Senior Manager Director Of Information
Vice President Of Information Technology
12 Yearsyrs
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Average Length of Employment
Staff Analyst 3.8 years
Buying Analyst 3.5 years
Senior Analyst 3.3 years
Planning Manager 3.3 years
Traffic Analyst 3.2 years
Methods Analyst 3.1 years
Management Analyst 3.0 years
Planning Analyst 3.0 years
Project Analyst 3.0 years
Program Analyst 2.9 years
Inventory Analyst 2.9 years
Finance Analyst 2.8 years
Purchase Analyst 2.7 years
Process Analyst 2.6 years
Commercial Analyst 2.6 years
Associate Analyst 2.5 years
Analyst 2.4 years
Data Analyst 2.3 years
Energy Analyst 2.1 years
Assistant Analyst 2.1 years
Top Employers Before
Internship 7.9%
Analyst 7.5%
Planner 4.7%
Manager 4.6%
Buyer 4.1%
Accountant 3.1%
Top Employers After
Consultant 5.6%
Buyer 4.5%
Manager 4.4%
Analyst 3.7%
Planner 3.5%

Planning Analyst Demographics

Gender

Male

51.2%

Female

46.4%

Unknown

2.4%
Ethnicity

White

76.6%

Asian

10.6%

Hispanic or Latino

9.8%

Unknown

2.2%

Black or African American

0.8%
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Languages Spoken

Spanish

41.4%

Mandarin

9.4%

Chinese

9.4%

French

5.5%

Portuguese

5.5%

Italian

4.7%

German

4.7%

Japanese

3.9%

Hindi

2.3%

Cantonese

2.3%

Carrier

2.3%

Korean

1.6%

Russian

1.6%

Turkish

0.8%

Gujarati

0.8%

Ukrainian

0.8%

Bengali

0.8%

Thai

0.8%

Filipino

0.8%

Burmese

0.8%
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Planning Analyst Education

Schools

University of Phoenix

18.2%

Northern Illinois University

6.1%

Michigan State University

5.4%

Pennsylvania State University

5.4%

Ohio State University

5.0%

University of Southern California

5.0%

Northeastern University

5.0%

University of Texas at Austin

4.6%

University of North Carolina at Greensboro

4.3%

Villanova University

4.3%

DePaul University

4.3%

Purdue University

4.3%

Strayer University

4.3%

University of South Florida

3.6%

Illinois State University

3.6%

University of Iowa

3.6%

Southern New Hampshire University

3.6%

Bradley University

3.2%

Webster University

3.2%

Carnegie Mellon University

3.2%
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Majors

Business

40.3%

Finance

10.9%

Accounting

6.9%

Marketing

6.8%

Management

5.3%

Supply Chain Management

4.0%

Economics

3.2%

Project Management

2.5%

Communication

2.3%

Computer Science

1.9%

Human Resources Management

1.9%

Computer Information Systems

1.9%

Political Science

1.7%

Information Technology

1.7%

Mathematics

1.6%

Industrial Engineering

1.6%

Psychology

1.5%

Public Administration

1.3%

Health Care Administration

1.3%

International Business

1.2%
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Degrees

Bachelors

42.8%

Masters

34.9%

Other

12.2%

Associate

4.5%

Certificate

3.5%

Doctorate

1.6%

Diploma

0.5%

License

0.1%
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Job type you want
Full Time
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

FinancialAnalysisProceduresCapacityPlanningResourceCustomerServiceInventoryLevelsLogisticsPurchaseOrdersServiceLevelMerchandiseBusinessUnitsAuditProductionPlanningProjectManagementBusinessPlansDataAnalysisRawMaterialsERPSKUWorkforce

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Top Planning Analyst Skills

  1. Financial Analysis
  2. Procedures
  3. Capacity Planning
You can check out examples of real life uses of top skills on resumes here:
  • Provide support for business planning, budget monitoring, financial analysis, headcount reconciliation and portfolio management reporting.
  • Develop and maintain standard operating procedures.
  • Designed and built capacity management models and metrics for demand forecasting and capacity planning.
  • Provided statistical reporting and made recommendations to National Resource Planning and Local Leadership Team to determine resource staffing needs.
  • Provided heavy customer service with internal and external customers.

Top Planning Analyst Employers