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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

  • $80,000

    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 Career Paths

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Average Length of Employment
Staff Analyst 3.8 years
Principal Analyst 3.4 years
Management Analyst 3.0 years
Senior Analyst 3.0 years
Analyst Lead 2.9 years
Process Analyst 2.7 years
Analyst 2.4 years
Associate Analyst 2.4 years
Top Careers Before Senior Analyst
Analyst 23.6%
Consultant 7.0%
Internship 5.9%
Manager 3.5%
Associate 3.2%
Top Careers After Senior Analyst
Consultant 11.8%
Manager 8.6%
Analyst 6.8%
Associate 4.2%
Director 4.2%
Supervisor 2.7%

Do you work as a Senior Analyst?

Average Yearly Salary
$80,000
Show Salaries
$63,000
Min 10%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$101,000
Max 90%
Best Paying Company
Liberty Mutual
Highest Paying City
Seattle, WA
Highest Paying State
Washington
Avg Experience Level
3.3 years
How much does a Senior Analyst make at top companies?
The national average salary for a Senior Analyst in the United States is $80,559 per year or $39 per hour. Those in the bottom 10 percent make under $63,000 a year, and the top 10 percent make over $101,000.

The largest raises come from changing jobs.

See what's out there.

Real Senior Analyst Salaries

Job Title Company Location Start Date Salary
Senior China Analyst Observatory Group LLC Jan 09, 2016 $250,000
Senior Analyst 14W Administrative Services, LLC May 01, 2015 $250,000
Senior Analyst Luminus Management, LLC Apr 30, 2016 $250,000
Senior Analyst Luminus Management, LLC Apr 30, 2016 $235,000
Senior Analyst Amerra Capital Management LLC May 27, 2016 $227,178
Senior Analyst Balyasny Asset Management, L.P. Jun 13, 2016 $225,000
Senior Biotechnology Analyst Healthcor Management LP Jul 09, 2016 $210,000
Senior Biotechnology Analyst Healthcor Management LP Sep 15, 2015 $210,000
Senior Biotechnology Analyst Healthcor Partners Management LP Sep 15, 2015 $210,000
Senior Analyst Aquila Fundamental Strategy Partners, LLC D/B/A Fu Jan 15, 2016 $201,510
Senior Analyst JOHO Capital, LLC Oct 01, 2015 $200,000
Director/Sr. Analyst (OIL & Gas Equity Research) GMP Securities, LLC Mar 17, 2015 $200,000 -
$500,000
Director, Senior Analyst Gottex Fund Management Ltd. Oct 08, 2016 $200,000
Senior Analyst(Hedge Fund) Partner Birch Grove Capital LP Nov 07, 2016 $200,000
Senior BI Analyst Decipher Software Solutions LLC Mar 23, 2016 $96,450
Senior Analyst, Abap Workflow The Scotts Company LLC Jan 12, 2016 $96,221 -
$128,800
SR. Optimization Analyst Turn Inc. Aug 25, 2015 $96,096 -
$100,096
Senior Analyst Health Advances LLC Sep 09, 2016 $96,000
Senior Analyst Enterprise People Inc. Sep 21, 2015 $96,000
Senior Healthcare Analyst Technosoft Corporation Oct 11, 2016 $96,000
Senior Analyst Durkin Group LLC Oct 25, 2016 $96,000
Senior Structural Analyst ARUP North America, Ltd. Feb 05, 2016 $96,000
Senior Analyst Yum! Restaurants International Inc. Mar 09, 2016 $84,850
SR. UI Analyst Pro-TEK Consulting Mar 31, 2016 $84,781
SR. Analyst International Co-Brand Partnerships American Airlines Feb 29, 2016 $84,765 -
$112,004
SR. Analyst, Consumer Insights Netflix Dec 02, 2016 $84,573 -
$120,000
IAM SR. Analyst Simeio Solutions, LLC Feb 15, 2016 $84,344 -
$90,000
Senior Analyst Latentview Analytics Corporation May 25, 2015 $84,000
Senior Analyst The Capital Markets Company Aug 02, 2016 $84,000 -
$100,000
Senior Analyst Latentview Analytics Corporation Jun 22, 2016 $84,000

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Top Skills for A Senior Analyst

  1. Financial Statements
  2. Data Collection
  3. Ensure Compliance
You can check out examples of real life uses of top skills on resumes here:
  • Analyzed the transparency and quality of financial statements with an emphasis on footnotes, management discussion and analysis and corporate governance.
  • Employed numerous data collection methodologies, including conducting surveys and coordinating all aspects of primary data collection from members and physicians.
  • Collaborated with users, management, and compliance to analyze underwriting processes and procedures to ensure compliance with state/federal regulatory requirements.
  • Designed and developed several PL/SQL concurrent programs.
  • Analyzed and successfully communicated business requirements and features backlog between product owner and the Agile Development team during sprint planning sessions.

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Top 10 Best States for Senior Analysts

  1. Virginia
  2. Maryland
  3. New York
  4. District of Columbia
  5. New Jersey
  6. Massachusetts
  7. Connecticut
  8. Washington
  9. North Carolina
  10. New Hampshire
  • (3,139 jobs)
  • (1,492 jobs)
  • (2,680 jobs)
  • (1,205 jobs)
  • (1,378 jobs)
  • (1,780 jobs)
  • (612 jobs)
  • (1,148 jobs)
  • (1,446 jobs)
  • (187 jobs)

Senior Analyst Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 26,235 Senior Analyst resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Senior Analyst Resume

View Resume Examples

Senior Analyst Demographics

Gender

Male

59.1%

Female

36.4%

Unknown

4.6%
Ethnicity

White

56.4%

Asian

13.8%

Hispanic or Latino

13.7%

Black or African American

11.8%

Unknown

4.3%
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Foreign Languages Spoken

Spanish

34.8%

French

11.6%

Chinese

7.7%

Mandarin

6.9%

German

6.6%

Russian

4.7%

Portuguese

4.7%

Arabic

4.1%

Italian

3.6%

Cantonese

2.5%

Korean

2.4%

Hindi

2.3%

Japanese

2.0%

Polish

1.1%

Carrier

1.0%

Hebrew

0.9%

Urdu

0.9%

Greek

0.8%

Turkish

0.7%

Vietnamese

0.7%
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Senior Analyst Education

Schools

New York University

10.7%

Columbia University

7.4%

George Washington University

5.9%

University of Houston

5.5%

Strayer University

5.1%

DePaul University

5.1%

Pennsylvania State University

5.0%

George Mason University

4.7%

Arizona State University

4.6%

University of Pennsylvania

4.6%

University of Chicago

4.6%

University of Maryland - College Park

4.5%

Northwestern University

4.4%

Georgetown University

4.3%

University of Connecticut

4.2%

American University

4.0%

University of Texas at Austin

4.0%

University of Maryland - University College

3.9%

Boston University

3.8%

Texas A&M University

3.8%
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Majors

Business

29.0%

Finance

16.3%

Accounting

8.7%

Computer Science

6.3%

Management

5.0%

Economics

4.6%

Marketing

4.3%

Management Information Systems

2.9%

Information Technology

2.8%

Political Science

2.1%

Electrical Engineering

2.0%

Law

2.0%

Criminal Justice

2.0%

Psychology

1.8%

Computer Systems Security

1.8%

Project Management

1.8%

Communication

1.7%

Statistics

1.7%

Health Care Administration

1.6%

Computer Information Systems

1.6%
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Degrees

Bachelors

43.7%

Masters

38.3%

Associate

6.0%

Certificate

4.4%

Doctorate

3.5%

High School Diploma

2.7%

Diploma

1.3%

License

0.1%
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What Is It Like To Work As A Senior Analyst

5.0

Sr. Analyst

November 24, 2019 on Zippia

What was your job title?

Senior Analyst.. Show More

What do you like the most about working as Senior Analyst?

Generating data and consulting. Using Microsoft excel and Google sheets. .. Show More

What do you NOT like?

Sitting for long periods of time... Show More

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Updated May 18, 2020