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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

  • $68,000

    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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Do you work as a Project Analyst?

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Project Analyst Career Paths

Project Analyst
Project Manager
Contract Project Manager
10 Yearsyrs
Project Manager Senior Project Manager
Director Of Project Management
12 Yearsyrs
Project Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Information Technology Project Manager Program Manager
Operations Program Manager
9 Yearsyrs
Information Technology Project Manager Program/Project Manager Program Manager
Manager, Program Management
9 Yearsyrs
Manager Program Manager
Global Program Manager
10 Yearsyrs
Senior Business Analyst
Product Owner
9 Yearsyrs
Senior Finance Analyst
Finance Project Manager
8 Yearsyrs
Senior Analyst Senior Finance Analyst
Finance Leader
7 Yearsyrs
Manager Account Manager Business Development Manager
Proposal Manager
10 Yearsyrs
Senior Project Manager Information Technology Director
Director Of Information Management
10 Yearsyrs
Manager Information Technology Manager
Application Manager
9 Yearsyrs
Senior Analyst
Manager, Strategy
8 Yearsyrs
Office Manager Operations Manager Operations Project Manager
Manager, Project Management
9 Yearsyrs
Senior Business Analyst Senior Consultant Consultant/Project Manager
Manager, Project Management Office
12 Yearsyrs
Project Leader Project Management Lead
Change Manager
9 Yearsyrs
Supervisor Production Manager Processing Manager
Business Process Manager
10 Yearsyrs
Senior Business Analyst Implementation Manager
Integration Manager
9 Yearsyrs
Project Leader Senior Consultant Business Systems Senior Analyst
Business Leader
8 Yearsyrs
Office Manager Property Manager Asset Manager
Vending Manager
7 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
Senior Analyst 3.3 years
Project Analyst 3.0 years
Management Analyst 3.0 years
Program Analyst 2.9 years
Process Analyst 2.7 years
Analyst 2.4 years
Project Consultant 1.9 years
Top Careers Before Project Analyst
Internship 7.2%
Consultant 5.3%
Manager 4.8%
Analyst 3.3%
Supervisor 2.9%
Top Careers After Project Analyst
Consultant 8.3%
Owner 3.9%
Manager 3.9%
Internship 3.2%
Analyst 2.5%

Do you work as a Project Analyst?

Project Analyst Demographics

Gender

Male

51.6%

Female

38.3%

Unknown

10.1%
Ethnicity

White

57.9%

Hispanic or Latino

14.5%

Asian

11.6%

Black or African American

11.5%

Unknown

4.4%
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Foreign Languages Spoken

Spanish

41.3%

French

10.8%

Chinese

7.9%

German

6.4%

Mandarin

6.3%

Arabic

3.8%

Portuguese

3.7%

Italian

3.2%

Russian

2.7%

Carrier

2.7%

Japanese

2.5%

Hindi

2.3%

Korean

1.3%

Cantonese

1.3%

Turkish

0.9%

Urdu

0.7%

Polish

0.7%

Greek

0.6%

Thai

0.5%

Tamil

0.5%
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Project Analyst Education

Schools

University of Phoenix

21.4%

Strayer University

5.7%

George Washington University

5.5%

University of Houston

5.1%

New York University

5.0%

University of Maryland - University College

4.8%

Pennsylvania State University

4.8%

Villanova University

4.6%

University of Texas at Dallas

4.2%

Texas A&M University

4.0%

Arizona State University

3.9%

Michigan State University

3.6%

Webster University

3.6%

Northeastern University

3.6%

Purdue University

3.6%

Ohio State University

3.5%

George Mason University

3.5%

Florida State University

3.4%

Drexel University

3.3%

University of Texas at Austin

3.0%
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Majors

Business

32.3%

Project Management

7.5%

Finance

7.0%

Computer Science

5.5%

Accounting

5.5%

Management

5.4%

Marketing

4.1%

Computer Information Systems

3.9%

Electrical Engineering

3.1%

Communication

3.1%

Information Technology

2.9%

Psychology

2.7%

Mechanical Engineering

2.7%

Economics

2.6%

Civil Engineering

2.2%

Political Science

2.1%

Management Information Systems

1.9%

Education

1.9%

Human Resources Management

1.8%

English

1.8%
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Degrees

Bachelors

43.0%

Masters

28.5%

Other

15.6%

Associate

6.0%

Certificate

4.0%

Doctorate

2.0%

Diploma

0.8%

License

0.1%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$68,000
View Detailed Salary Report
$48,000
Min 10%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$96,000
Max 90%
Best Paying Company
Citi
Highest Paying City
Philadelphia, PA
Highest Paying State
New Jersey
Avg Experience Level
3.0 years
How much does a Project Analyst make at top companies?
The national average salary for a Project Analyst in the United States is $68,289 per year or $33 per hour. Those in the bottom 10 percent make under $48,000 a year, and the top 10 percent make over $96,000.

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, 2011 $65,000
Project Analyst Independent Project Analysis, Inc. Ashburn, VA Oct 01, 2012 $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.
  • Created detailed instructional documentation and procedures for employees seeking certification as well as maintenance of certification credentials.
  • Managed complete budget cycle including monitoring expenses to ensure compliance with budget by performing monthly variance analyses.
  • Utilized multiple applications to perform data analysis functions, including data mining, manipulation of meta-data, data trending and reporting.

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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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