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Become A Product Manager/Analyst

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Working As A Product Manager/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

  • $91,705

    Average Salary

What Does A Product Manager/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 Product Manager/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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Average Length of Employment
Product Manager 3.3 years
Product Lead 3.0 years
Product Analyst 2.4 years
Top Careers Before Product Manager/Analyst
Consultant 4.1%
Internship 4.1%
Manager 3.3%
Top Careers After Product Manager/Analyst
Consultant 7.6%
Analyst 4.9%
Manager 4.6%
Director 2.7%

Do you work as a Product Manager/Analyst?

Product Manager/Analyst Demographics

Gender

Male

59.9%

Female

36.7%

Unknown

3.4%
Ethnicity

White

55.1%

Asian

15.3%

Hispanic or Latino

14.3%

Black or African American

11.2%

Unknown

4.1%
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Foreign Languages Spoken

Spanish

29.2%

Chinese

8.3%

German

8.3%

French

8.3%

Portuguese

6.3%

Dutch

6.3%

Mandarin

6.3%

Russian

4.2%

Italian

4.2%

Hebrew

4.2%

Lithuanian

2.1%

Croatian

2.1%

Vietnamese

2.1%

Bosnian

2.1%

Japanese

2.1%

Serbian

2.1%

Kazakh

2.1%
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Product Manager/Analyst Education

Schools

University of Phoenix

15.9%

Carnegie Mellon University

9.1%

Villanova University

6.8%

George Washington University

5.7%

University of Alabama

4.5%

Santa Clara University

4.5%

Liberty University

4.5%

Georgetown University

4.5%

Sonoma State University

4.5%

Georgia Institute of Technology -

4.5%

George Mason University

4.5%

Arizona State University

3.4%

University of Iowa

3.4%

University of Washington

3.4%

Babson College

3.4%

Texas State University

3.4%

University of Michigan - Ann Arbor

3.4%

University of California - San Diego

3.4%

New York University

3.4%

University of California - Santa Barbara

3.4%
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Majors

Business

34.4%

Finance

13.3%

Marketing

5.5%

Management

5.2%

Economics

4.9%

Computer Science

3.2%

Computer Information Systems

3.2%

Management Science

2.9%

Management Information Systems

2.9%

Accounting

2.9%

History

2.6%

Information Systems

2.6%

Mathematics

2.6%

Psychology

2.3%

Political Science

2.3%

Information Technology

2.3%

Project Management

2.0%

Communication

1.7%

Engineering And Industrial Management

1.7%

Electrical Engineering

1.4%
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Degrees

Bachelors

40.0%

Masters

37.5%

Other

13.4%

Certificate

4.3%

Associate

2.1%

Doctorate

1.9%

Diploma

0.8%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Product Manager/Analyst Salaries

Job Title Company Location Start Date Salary
Product Manager/Analyst Dotcom Team, LLC Braintree Town, MA Jan 03, 2016 $155,000
Master Product Strategy Analyst-Security Product Manager Hitachi Data Systems Corporation Santa Clara, CA Oct 05, 2015 $136,208 -
$191,000
Analyst (Project Manager) Infogain Corporation Los Gatos, CA Dec 08, 2014 $110,000
Product Manager-Systems Analyst Pixlee, Inc. San Francisco, CA Jun 09, 2016 $106,222 -
$121,222
Product Manager/Analyst Slalom LLC San Francisco, CA Apr 25, 2011 $104,350 -
$125,220
Manager, Analyst Manhattan Associates, Inc. Atlanta, GA Dec 05, 2013 $101,673
Product Manager/Analyst France Telecom Research and Development, LLC San Francisco, CA Sep 25, 2013 $101,608 -
$111,240
Network Solution Sales Product Analyst/Manager Huawei Technologies USA, Inc. Bridgewater, NJ Sep 07, 2013 $100,000
Manager/Analyst Door3 Corporation New York, NY Nov 13, 2009 $100,000 -
$125,000
Manager, Analyst American Institute of Certified Public Accountants Durham, NC Aug 23, 2016 $99,000 -
$109,000
Analyst Manager Market Realist Inc. New York, NY Sep 09, 2015 $95,576 -
$120,000
Product Manager/Operations Analyst Revenuemed, Inc. Norcross, GA Sep 16, 2013 $90,276
Manager, Analyst Manhattan Associates, Inc. Atlanta, GA Mar 07, 2014 $88,800
Network Solution Sales Product Analyst/Manager Huawei Technologies USA Inc. Philadelphia, PA Dec 01, 2011 $81,500
Network Solution Sales Product Analyst/Manager Huawei Technologies USA Inc. Philadelphia, PA Dec 12, 2011 $81,500
Network Solution Sales Product Analyst/Manager Huawei Technologies USA Inc. Bridgewater, NJ Aug 31, 2012 $81,500
Product Manager/Analyst 50 Cubes, Inc. San Francisco, CA May 02, 2012 $80,000
Network Solution Sales Product Analyst/Manager Futurewei Technologies, Inc. Philadelphia, PA Sep 07, 2010 $80,000
Product Manager Analyst Microstrategy Incorporated Tysons Corner, VA Sep 22, 2012 $68,000 -
$80,000
Product Manager Analyst Microstrategy Incorporated Vienna, VA Nov 23, 2011 $65,000 -
$78,000
Product Manager Analyst Microstrategy Incorporated Vienna, VA Sep 29, 2011 $65,000 -
$78,000
Product Manager Analyst Microstrategy Incorporated Tysons Corner, VA Mar 16, 2013 $63,000 -
$90,000
Product Manager Analyst Microstrategy Incorporated McLean, VA Mar 16, 2010 $63,000 -
$72,000

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Top Skills for A Product Manager/Analyst

  1. Product Development
  2. Business Requirements
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Managed remote engineering teams for product development.
  • Worked with external trading member clients/business users to decompose/analyze business requirements, define and document business requirement specifications.
  • Created a video help system for the product that teaches users how to analyze financial statements.
  • Supported Information Collection Unit to reduce FOIA backlogs and conducting quantitative data analysis and qualitative follow-ups.
  • Developed marketing, profitability and regulatory compliance strategies for individual and Medicare health plans.

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Top 10 Best States for Product Managers/Analyst

  1. Washington
  2. Virginia
  3. New Jersey
  4. District of Columbia
  5. Massachusetts
  6. Maryland
  7. Connecticut
  8. New York
  9. New Hampshire
  10. Texas
  • (1,951 jobs)
  • (2,231 jobs)
  • (1,255 jobs)
  • (905 jobs)
  • (1,763 jobs)
  • (947 jobs)
  • (486 jobs)
  • (2,883 jobs)
  • (167 jobs)
  • (2,776 jobs)

Top Product Manager/Analyst Employers

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