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Become A Project Analyst

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Working As A Project 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

  • $65,407

    Average Salary

What Does A Project 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 Project 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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Do you work as a Project Analyst?

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Project Analyst Videos

Career Advice on becoming a Project Manager by Michael G (Full Version)

A Day in a Project Manager's Life

Project Analyst Jobs

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Project Analyst Career Paths

Project Analyst
Project Leader Operations Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Senior Business Analyst Senior Consultant Information Technology Project Manager
Business Program Manager
10 Yearsyrs
Program Manager Management Consultant Change Management Consultant
Change Manager
10 Yearsyrs
Program Manager Product Manager Information Technology Project Manager
Contract Project Manager
10 Yearsyrs
Technical Consultant Functional Consultant Customer Relationship Management Consultant
Customer Relationship Management Manager
8 Yearsyrs
Project Manager Senior Project Manager
Director Of Project Management
12 Yearsyrs
Data Analyst Business Analyst Information Technology Manager
Director, Applications
12 Yearsyrs
Information Technology Project Manager Program Manager
Global Program Manager
11 Yearsyrs
Management Consultant Senior Business Analyst Implementation Manager
Integration Manager
10 Yearsyrs
Finance Analyst Business Analyst Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Senior Business Analyst Project Manager Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Business Analyst Product Manager Operations Manager
Operations Project Manager
8 Yearsyrs
Project Leader Quality Assurance Manager Quality Manager
Process Improvement Manager
10 Yearsyrs
Business Analyst Information Technology Project Manager
Program/Project Manager
10 Yearsyrs
Project Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Project Administrator Contracts Administrator Subcontracts Manager
Senior Managed
7 Yearsyrs
Information Technology Project Manager Senior Project Manager
Senior Technical Program Manager
12 Yearsyrs
Data Analyst Legal Assistant Executive Assistant To Chief Executive Officer
Special Projects Manager
7 Yearsyrs
Finance Analyst Account Manager Purchasing Manager
Supply Chain Consultant
10 Yearsyrs
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Do you work as a Project Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Staff Analyst 3.8 years
Project Manager 3.4 years
Senior Analyst 3.2 years
Principal Analyst 3.2 years
Project Analyst 3.0 years
Management Analyst 2.9 years
Program Analyst 2.8 years
Project Consultant 1.9 years
Top Careers Before Project Analyst
Internship 6.6%
Consultant 5.7%
Manager 4.4%
Analyst 3.2%
Supervisor 2.7%
Top Careers After Project Analyst
Consultant 8.5%
Owner 3.4%
Manager 3.4%
Internship 2.6%
Analyst 2.5%

Do you work as a Project Analyst?

Project Analyst Demographics

Gender

Male

55.2%

Female

41.5%

Unknown

3.3%
Ethnicity

White

57.7%

Hispanic or Latino

14.5%

Asian

12.2%

Black or African American

11.3%

Unknown

4.4%
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Foreign Languages Spoken

Spanish

40.7%

French

11.5%

Chinese

7.5%

Mandarin

6.4%

German

5.9%

Arabic

3.7%

Italian

3.3%

Portuguese

3.3%

Carrier

3.0%

Japanese

2.8%

Hindi

2.5%

Russian

2.5%

Cantonese

1.5%

Korean

1.1%

Turkish

1.0%

Urdu

0.7%

Polish

0.7%

Thai

0.6%

Tamil

0.6%

Greek

0.5%
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Project Analyst Education

Schools

University of Phoenix

21.6%

George Washington University

6.3%

Villanova University

6.2%

Strayer University

5.7%

New York University

4.4%

University of Houston

4.2%

University of Maryland - University College

4.2%

Pennsylvania State University

4.2%

Michigan State University

4.2%

Florida State University

4.2%

Northeastern University

4.0%

University of Texas at Dallas

3.7%

Webster University

3.6%

Drexel University

3.5%

Arizona State University

3.5%

Temple University

3.3%

George Mason University

3.3%

Liberty University

3.3%

Purdue University

3.3%

American InterContinental University

3.2%
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Majors

Business

31.9%

Project Management

8.1%

Finance

6.7%

Computer Science

5.9%

Management

5.5%

Accounting

5.0%

Computer Information Systems

4.2%

Marketing

4.1%

Electrical Engineering

3.4%

Mechanical Engineering

3.2%

Communication

3.1%

Information Technology

2.9%

Psychology

2.4%

Economics

2.4%

Civil Engineering

2.1%

Political Science

2.0%

Education

1.9%

Management Information Systems

1.8%

English

1.8%

Human Resources Management

1.8%
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Degrees

Bachelors

41.6%

Masters

28.6%

Other

16.8%

Associate

5.7%

Certificate

4.4%

Doctorate

2.1%

Diploma

0.6%

License

0.1%
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Project Analyst Videos

Career Advice on becoming a Project Manager by Michael G (Full Version)

A Day in a Project Manager's Life

Job type you want
Full Time
Part Time
Internship
Temporary

Real Project Analyst Salaries

Job Title Company Location Start Date Salary
Project Management Advisor CSRA LLC Ashburn, VA Mar 21, 2019 $132,621
Project Management Advisor SRA International, Inc. Ashburn, VA Feb 12, 2018 $119,847
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Sep 22, 2010 $92,295
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Sep 01, 2015 $90,000
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Sep 30, 2014 $85,000
Project Analyst Independent Project Analysis, Inc. Ashburn, VA May 14, 2008 $83,845
Project Analyst Independent Project Analysis, Inc. Ashburn, VA May 10, 2016 $83,158
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Dec 15, 2016 $83,158
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Oct 17, 2016 $82,763
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Sep 01, 2014 $80,000
Associate Project Analyst Independent Project Analysis, Inc. Ashburn, VA Jan 08, 2015 $78,083
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Apr 02, 2008 $71,947
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Oct 01, 2011 $70,000
Project Analyst ICSA Inc. Ashburn, VA Sep 28, 2016 $66,331
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Oct 01, 2012 $65,000
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Oct 01, 2011 $65,000

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Top Skills for A Project Analyst

  1. Project Management
  2. Financial Statements
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Organized and coordinated resources for project management team Assisted in the development of marketing and testing initiatives
  • Analyzed financial statements and identified, reported and provided commentary to management on key business drivers of monthly financial results.
  • Developed documents and implemented appropriate policies and procedures related to patient accounting, including follow-up on all patient accounts receivable.
  • Conduct compliance assessment of investigations identifying root causes and documenting those assuring corrective and preventive actions.
  • Assisted senior management to conduct research, data analysis and computer presentations depicting the financial viability of select companies.

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Top 10 Best States for Project Analysts

  1. Connecticut
  2. District of Columbia
  3. North Carolina
  4. Texas
  5. Washington
  6. New Jersey
  7. Virginia
  8. Illinois
  9. New York
  10. Alaska
  • (732 jobs)
  • (1,310 jobs)
  • (1,746 jobs)
  • (4,154 jobs)
  • (2,071 jobs)
  • (1,706 jobs)
  • (3,381 jobs)
  • (2,401 jobs)
  • (3,372 jobs)
  • (67 jobs)

Top Project Analyst Employers

Jobs From Top Project Analyst Employers

Project Analyst Videos

Career Advice on becoming a Project Manager by Michael G (Full Version)

A Day in a Project Manager's Life

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