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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

  • $80,000

    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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Project Analyst jobs

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Project Analyst Career Paths

Project Analyst
Information Technology Project Manager Director Of Information
Chief Information Officer
11 Yearsyrs
Senior Project Manager Senior Product Manager Senior Manager
Director Of Enterprise Architecture
14 Yearsyrs
Program Manager Senior Manager
Director Of Information
10 Yearsyrs
Data Analyst Senior Consultant Director Of Information
Director, Applications
13 Yearsyrs
Data Analyst Business Analyst Senior Finance Analyst
Finance Project Manager
7 Yearsyrs
Project Leader Business Analyst Information Technology Project Manager
Manager, Project Management
10 Yearsyrs
Senior Business Analyst Project Manager Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Senior Project Manager Program Director
Operations Director
9 Yearsyrs
Project Manager Construction Manager
Operations Manager
7 Yearsyrs
Business Analyst Project Manager
Program Manager
8 Yearsyrs
Senior Business Analyst Information Technology Project Manager Director Of Information
Senior Director Of Information & Technology
13 Yearsyrs
Operations Manager Human Resources Coordinator
Senior Human Resources Consultant
9 Yearsyrs
Finance Analyst Operations Manager Human Resources Coordinator
Senior Human Resources Generalist
7 Yearsyrs
Program Manager General Manager Human Resources Manager
Senior Human Resources Manager
9 Yearsyrs
Business Analyst Senior Consultant
Senior Manager
10 Yearsyrs
Project Manager Program Manager
Senior Project Manager
12 Yearsyrs
Information Technology Project Manager Senior Project Manager
Senior Technical Program Manager
12 Yearsyrs
Senior Consultant Manager Service Manager
Service Operations Manager
8 Yearsyrs
Finance Analyst Senior Manager Director Of Information
Vice President Of Information Technology
12 Yearsyrs
Operations Manager Branch Manager Assistant Vice President
Vice President Operation Manager
9 Yearsyrs
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Average Length of Employment
Project Executive 3.9 years
Staff Analyst 3.8 years
Project Manager 3.6 years
Principal Analyst 3.3 years
Senior Analyst 3.3 years
Standards Analyst 3.3 years
Management Analyst 3.0 years
Resource Analyst 3.0 years
Project Analyst 3.0 years
Project Planner 2.9 years
Analyst Lead 2.9 years
Program Analyst 2.9 years
Planning Analyst 2.8 years
Process Analyst 2.6 years
Document Analyst 2.5 years
Project Team Lead 2.5 years
Associate Analyst 2.5 years
Project Specialist 2.5 years
Consultant 2.4 years
Analyst 2.4 years
Product Analyst 2.4 years
Data Analyst 2.3 years
Contract Analyst 2.3 years
Assistant Analyst 2.1 years
Project Consultant 1.9 years
PMO Analyst 1.6 years
Junior IS Analyst 1.5 years
Top Employers Before
Internship 6.0%
Consultant 5.4%
Manager 4.3%
Analyst 2.8%
Top Employers After
Consultant 7.8%
Manager 3.3%
Owner 3.0%
Internship 2.4%

Project Analyst Demographics

Gender

Male

55.5%

Female

41.1%

Unknown

3.3%
Ethnicity

White

74.8%

Asian

11.9%

Hispanic or Latino

9.8%

Unknown

2.6%

Black or African American

1.0%
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Languages Spoken

Spanish

40.9%

French

11.8%

Chinese

7.3%

German

5.9%

Mandarin

5.8%

Arabic

3.8%

Carrier

3.3%

Italian

3.3%

Portuguese

3.3%

Russian

2.7%

Japanese

2.6%

Hindi

2.4%

Korean

1.4%

Cantonese

1.1%

Turkish

1.0%

Urdu

0.8%

Polish

0.8%

Thai

0.6%

Tamil

0.6%

Greek

0.6%
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Project Analyst Education

Schools

University of Phoenix

21.6%

George Washington University

6.6%

Villanova University

6.5%

Strayer University

5.3%

New York University

4.4%

University of Maryland - University College

4.4%

Pennsylvania State University

4.4%

University of Houston

4.2%

Michigan State University

4.1%

Florida State University

3.9%

Arizona State University

3.7%

Northeastern University

3.7%

Webster University

3.7%

University of Texas at Dallas

3.5%

DePaul University

3.4%

Drexel University

3.4%

George Mason University

3.4%

Purdue University

3.3%

Temple University

3.2%

American InterContinental University

3.2%
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Majors

Business

31.6%

Project Management

8.4%

Finance

6.7%

Computer Science

5.7%

Management

5.4%

Accounting

5.2%

Computer Information Systems

4.1%

Marketing

4.0%

Electrical Engineering

3.5%

Mechanical Engineering

3.2%

Communication

3.1%

Information Technology

2.9%

Economics

2.4%

Psychology

2.4%

Civil Engineering

2.0%

Political Science

2.0%

English

1.9%

Education

1.8%

Human Resources Management

1.8%

Management Information Systems

1.8%
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Degrees

Bachelors

41.1%

Masters

28.9%

Other

16.9%

Associate

5.8%

Certificate

4.4%

Doctorate

2.2%

Diploma

0.7%

License

0.1%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Project Analyst Salaries

Job Title Company Location Start Date Salary
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

ProjectManagementFinancialAnalysisProceduresEnsureComplianceDataEntryProjectDeliverablesProjectPlansProjectScopeResourceWebSharepointInfrastructureSafetySQLServerERPProcessImprovementCustomerServiceWindowsProjectSchedulesFacility

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Top Project Analyst Skills

  1. Project Management
  2. Financial Analysis
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Conducted SWOT analysis in order to implement a more efficient project management and delivery reporting process.
  • Provided specialized customer service and financial analysis to construction companies of various sizes.
  • Designed and implemented operating procedures.
  • Managed logistics, training, and scheduling of multiple sites to ensure compliance to study protocol and requirements.
  • Reconciled data entry queries, ensured all documentation in place, and reconciled serious adverse event narratives against database listings.

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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