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Become A Senior Analyst

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Working As A Senior 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

  • $88,789

    Average Salary

What Does A Senior 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 Senior 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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Senior Analyst Jobs

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Senior Analyst Career Paths

Senior Analyst
Senior Systems Analyst Senior Business Analyst
Analytical Manager
9 Yearsyrs
Project Leader Business Analyst Senior Programmer Analyst
Application Manager
9 Yearsyrs
Senior Business Analyst Project Manager Information Technology Project Manager
Business Program Manager
10 Yearsyrs
Lead Technician Functional Consultant Customer Relationship Management Consultant
Customer Relationship Management Manager
8 Yearsyrs
Senior Business Analyst Senior Consultant Information Technology Manager
Director, Applications
12 Yearsyrs
Operations Manager Human Resources Manager Talent Acquisition Manager
Global Manager
11 Yearsyrs
Project Manager General Manager Regional Manager
Group Manager
8 Yearsyrs
Assistant Vice President Senior Business Analyst Implementation Manager
Integration Manager
10 Yearsyrs
Senior Finance Analyst Assistant Vice President
Manager, Assistant Vice President
7 Yearsyrs
Senior Consultant Project Manager Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Senior Consultant Information Technology Project Manager
Manager, Project Management Office
12 Yearsyrs
Product Manager Marketing Consultant Strategy Consultant
Manager, Strategy
8 Yearsyrs
Operations Manager Finance Manager Manager Finance Planning And Analysis
Performance Manager
8 Yearsyrs
Lead Technician Production Supervisor Quality Manager
Process Improvement Manager
10 Yearsyrs
Senior Manager Controller Business Analyst
Product Owner
9 Yearsyrs
Senior Finance Analyst Finance Manager
Senior Finance Manager
11 Yearsyrs
Project Manager Information Technology Project Manager
Senior Information Technology Manager
10 Yearsyrs
Program Manager Business Development Manager Business Development Director
Solutions Director
13 Yearsyrs
Program Manager Human Resources Manager Assistant Vice President
Vice President, Technology
11 Yearsyrs
Project Leader Operations Manager Assistant Vice President
Vice President-Products
13 Yearsyrs
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Do you work as a Senior Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Staff Analyst 3.8 years
Principal Analyst 3.2 years
Project Analyst 3.0 years
Senior Analyst 3.0 years
Analyst Lead 2.8 years
Associate Analyst 2.4 years
Analyst 2.4 years
Junior IS Analyst 1.5 years
Top Employers Before
Analyst 21.5%
Consultant 7.7%
Internship 5.7%
Manager 3.5%
Associate 2.9%
Top Employers After
Consultant 11.5%
Manager 8.3%
Analyst 6.5%
Associate 4.1%
Director 3.7%

Do you work as a Senior Analyst?

Senior Analyst Demographics

Gender

Male

60.3%

Female

36.7%

Unknown

3.1%
Ethnicity

White

56.0%

Asian

14.4%

Hispanic or Latino

13.6%

Black or African American

11.5%

Unknown

4.4%
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Languages Spoken

Spanish

34.2%

French

11.3%

Chinese

7.9%

German

7.2%

Mandarin

6.5%

Russian

5.0%

Portuguese

4.8%

Arabic

4.1%

Italian

3.6%

Hindi

2.6%

Korean

2.5%

Cantonese

2.2%

Japanese

1.6%

Polish

1.2%

Hebrew

1.1%

Urdu

0.9%

Turkish

0.8%

Vietnamese

0.8%

Greek

0.8%

Carrier

0.8%
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Senior Analyst Education

Schools

University of Phoenix

17.7%

New York University

7.8%

George Washington University

6.2%

George Mason University

4.9%

Strayer University

4.7%

University of Southern California

4.7%

Cornell University

4.3%

University of Houston

4.1%

Pennsylvania State University

4.1%

Villanova University

4.1%

Webster University

4.0%

Georgetown University

3.9%

American University

3.8%

DePaul University

3.8%

Columbia University

3.7%

Boston University

3.7%

University of Connecticut

3.7%

University of Chicago

3.7%

Michigan State University

3.5%

University of Texas at Austin

3.5%
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Majors

Business

29.5%

Finance

14.0%

Accounting

8.1%

Computer Science

7.2%

Management

4.9%

Marketing

4.4%

Economics

4.0%

Computer Information Systems

3.8%

Information Technology

3.0%

Political Science

2.3%

Electrical Engineering

2.2%

Management Information Systems

2.1%

Communication

2.0%

Criminal Justice

2.0%

Law

2.0%

Project Management

1.9%

Information Systems

1.8%

Psychology

1.8%

Mathematics

1.7%

Human Resources Management

1.6%
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Degrees

Bachelors

39.4%

Masters

36.6%

Other

11.7%

Associate

4.6%

Doctorate

3.5%

Certificate

3.3%

Diploma

0.7%

License

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

Real Senior Analyst Salaries

Job Title Company Location Start Date Salary
Senior Analyst 14W Administrative Services, LLC Baltimore, MD May 01, 2015 $250,000
Senior China Analyst Observatory Group LLC Washington, DC Jan 09, 2016 $250,000
Senior Analyst Luminus Management, LLC Houston, TX Apr 30, 2016 $250,000
Senior Analyst Luminus Management, LLC Houston, TX Apr 30, 2016 $235,000
Senior Analyst Amerra Capital Management LLC New York, NY May 27, 2016 $227,178
Senior Analyst Balyasny Asset Management, L.P. New York, NY Jun 13, 2016 $225,000
Senior Biotechnology Analyst Healthcor Management LP New York, NY Sep 15, 2015 $210,000
Senior Biotechnology Analyst Healthcor Management LP New York, NY Jul 09, 2016 $210,000
Senior Biotechnology Analyst Healthcor Partners Management LP New York, NY Sep 15, 2015 $210,000
Senior Analyst Aquila Fundamental Strategy Partners, LLC D/B/A Fu New York, NY Jan 15, 2016 $201,510
Director/Sr. Analyst (OIL & Gas Equity Research) GMP Securities, LLC Houston, TX Mar 17, 2015 $200,000 -
$500,000
Senior Analyst Linden Advisors LP New York, NY Jan 10, 2016 $200,000
Senior Analyst(Hedge Fund) Partner Birch Grove Capital LP New York, NY Nov 07, 2016 $200,000
Senior Analyst JOHO Capital, LLC New York, NY Oct 01, 2015 $200,000
Senior Analyst, Abap Workflow The Scotts Company LLC Marysville, OH Jan 12, 2016 $96,221 -
$128,800
SR. Optimization Analyst Turn Inc. New York, NY Aug 25, 2015 $96,096 -
$100,096
Senior Analyst Health Advances LLC San Francisco, CA Sep 09, 2016 $96,000
Senior AX Analyst Rockwater Energy Solutions, Inc. Houston, TX Feb 18, 2016 $96,000
Senior Analyst Enterprise People Inc. Elkridge, MD Sep 21, 2015 $96,000
Senior Analyst NYSE Market (de), Inc. New York, NY May 28, 2015 $96,000 -
$107,000
Senior Structural Analyst ARUP North America, Ltd. San Francisco, CA Feb 05, 2016 $96,000
Senior Analyst Accenture LLP Houston, TX Jan 07, 2016 $96,000
Senior Analyst Yum! Restaurants International Inc. Fort Lauderdale, FL Mar 09, 2016 $84,850
SR. UI Analyst Pro-TEK Consulting Los Angeles, CA Mar 31, 2016 $84,781
SR. Analyst International Co-Brand Partnerships American Airlines Fort Worth, TX Feb 29, 2016 $84,765 -
$112,004
SR. Analyst, Consumer Insights Netflix Los Gatos, CA Dec 02, 2016 $84,573 -
$120,000
IAM SR. Analyst Simeio Solutions, LLC Stamford, CT Feb 15, 2016 $84,344 -
$90,000
Senior Analyst Latentview Analytics Corporation Hoffman Estates, IL Dec 31, 2015 $84,000
Senior Analyst Latentview Analytics Corporation Hoffman Estates, IL Sep 08, 2016 $84,000
Senior Analyst Latentview Analytics Corporation Bridgewater, NJ Sep 08, 2016 $84,000

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Top Skills for A Senior Analyst

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  1. Financial Statements
  2. Procedures
  3. Data Collection
You can check out examples of real life uses of top skills on resumes here:
  • Developed new cultural awareness of incentive process as it related to revenue flow and quarterly financial statements.
  • Conduct thorough analysis on investor guidelines to ensure compliance with published guidelines policies and procedures.
  • Maximized data collection and research results through effective networking and creation of strong business relationships within the medical community.
  • Identified key requirements for system improvements, leading to payroll savings and improved compliance to both regulatory requirements and internal policies.
  • Developed new data connectors that link ProphIT to certain client specific SQL, PL/SQL, and other customer specific legacy systems.

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Top Senior Analyst Employers

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