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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.
|Job Title||Company||Location||Start Date||Salary|
|VP Risk Analyst||HSBC Bank USA, N.A.||New York, NY||Dec 05, 2016||$200,928|
|Risk Analyst 3||EBAY, Inc.||San Jose, CA||May 04, 2015||$170,000|
|Financial Risk Analyst||MJ Boyd LLC||New York, NY||Nov 21, 2016||$166,000|
|Financial Risk Analyst||MJ Boyd LLC||New York, NY||Nov 23, 2015||$165,000|
|Risk Analyst||King Street Capital Management, L.P.||New York, NY||Jun 21, 2016||$165,000|
|Risk Analyst 6||Bill Me Later, Inc.||Timonium, MD||Jun 15, 2015||$162,000|
|Risk Analyst||Balyasny Asset Management||New York, NY||Aug 28, 2015||$160,000|
|Risk Analyst||Balyasny Asset Management, L.P.||New York, NY||Oct 02, 2016||$160,000|
|Risk Analyst||Bluemountain Capital Management LLC||New York, NY||Aug 28, 2015||$155,000|
|Risk Analyst||Saba Capital Management, LP||New York, NY||Sep 09, 2015||$154,690|
|Risk Analyst-Structured Products||Gravitas Technology Services, LLC||New York, NY||Oct 05, 2016||$154,690|
|VP, Quantitative Risk Analyst||Barclays Capital Inc.||New York, NY||Oct 08, 2016||$153,546|
|Risk Analyst 5||Paypal, Inc.||San Jose, CA||Jan 23, 2015||$150,631|
|Quant Risk Analyst||Point72 Asset Management LP||Stamford, CT||Sep 26, 2016||$150,000|
|Risk Analyst||Balyasny Asset Management||Chicago, IL||Nov 25, 2015||$98,800|
|Fraud Risk Analyst||Citicorp Credit Services, Inc. (USA)||Islandia, NY||Jan 09, 2016||$97,500|
|Risk & Payments Analyst||Facebook, Inc.||Menlo Park, CA||Aug 09, 2016||$96,387 -
|Risk Analyst||Inovant, LLC||Austin, TX||Jul 09, 2016||$96,250 -
|Risk Analyst||Moore Capital Management, LP||New York, NY||Dec 23, 2016||$95,200 -
|Quantitative Risk Analyst||OFI Global Asset Management, Inc.||New York, NY||Aug 07, 2015||$95,100 -
|Risk Analyst 2||Paypal, Inc.||San Jose, CA||Jun 10, 2015||$95,040|
|Project Risk Analyst||Parsons Brinckerhoff Inc.||San Francisco, CA||Sep 25, 2015||$95,014|
|Risk Analyst||Western Asset Management||Pasadena, CA||Jun 15, 2015||$82,410 -
|Junior Quantitative Risk Analyst||The Bank of New York Mellon||New York, NY||Nov 30, 2015||$82,000|
|Junior Quantitative Risk Analyst||The Bank of New York Mellon||Pittsburgh, PA||Jun 30, 2015||$82,000|
|Risk Analyst||Aecom Technical Services, Inc.||New York, NY||Apr 29, 2015||$81,058|
|Enterprise Risk Analyst III||Santander Bank, N.A.||Boston, MA||Sep 03, 2015||$81,000 -
|Risk Analyst||AIG PC Global Services, Inc.||New York, NY||Jun 18, 2015||$80,500|
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