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Become A Senior Managment Analyst

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Working As A Senior Managment 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

  • $73,632

    Average Salary

What Does A Senior Managment 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 Managment 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 Managment Analyst jobs

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Real Senior Managment Analyst Salaries

Job Title Company Location Start Date Salary
Senior Management Analyst, Business Development and Special Pin Hsiao and Associates LLC New York, NY Oct 01, 2015 $156,525
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Stamford, CT Feb 06, 2016 $137,717
Senior Manager Jc45-Management Analyst Cognizant Technology Solutions U.S. Corporation Houston, TX Dec 26, 2015 $134,888
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Houston, TX Sep 06, 2016 $134,888
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Houston, TX Feb 06, 2016 $134,888
Senior Manager Jc45-Management Analyst Cognizant Technology Solutions U.S. Corporation Teaneck, NJ Jul 04, 2016 $133,515
Senior Manager Jc45-Management Analyst Cognizant Technology Solutions U.S. Corporation Teaneck, NJ Jun 15, 2016 $133,515
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Teaneck, NJ Jun 15, 2016 $133,515
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Teaneck, NJ Feb 06, 2016 $133,515
Senior Management Analyst Mount Sinai Hospital New York, NY May 09, 2016 $132,500
Senior Product Management Analyst Electronic Arts, Inc. Redwood City, CA Dec 02, 2016 $130,000
Senior SAP CRM Analyst Maxonic, Inc. Campbell, CA Dec 31, 2016 $129,024
Senior SAP CRM Analyst Maxonic, Inc. Santa Clara, CA Dec 31, 2015 $129,024
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Austin, TX Feb 06, 2016 $125,840
Senior Management Analyst Auxis, LLC Plantation, FL Aug 02, 2016 $94,952
Senior Quantitative Risk Management Analyst Chicago Mercantile Exchange Inc. New York, NY Apr 01, 2016 $94,640 -
$113,250
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Saint Louis, MO Feb 06, 2016 $93,974
SR. Management Analyst Turing Systems Inc. Edison, NJ Apr 04, 2016 $93,101
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Nashville, TN Feb 06, 2016 $92,456
Senior Manager Jc45-Management Analyst Cognizant Technology Solutions U.S. Corporation Nashville, TN Dec 26, 2015 $92,456
Senior Management Analyst CYMA Systems Inc. Manchester, CT Jul 09, 2016 $92,000
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation San Antonio, TX Feb 06, 2016 $91,728
Senior Manager Jc45-Management Analyst Cognizant Technology Solutions U.S. Corporation Tulsa, OK Mar 16, 2016 $78,187
Senior Manager Jc45-Management Analysts Cognizant Technology Solutions U.S. Corporation Tulsa, OK Feb 06, 2016 $78,187
Senior Associate Jc60-Management Analysts Cognizant Technology Solutions U.S. Corporation Los Angeles, CA Dec 24, 2016 $78,083
Senior Associate Jc60-Management Analysts Cognizant Technology Solutions U.S. Corporation Los Angeles, CA Nov 12, 2016 $78,083
Senior Associate Jc60-Management Analysts Cognizant Technology Solutions U.S. Corporation Los Angeles, CA Sep 24, 2016 $78,083
Senior Associate Jc60-Management Analyst Cognizant Technology Solutions U.S. Corporation Bridgewater, NJ Mar 23, 2016 $77,147
Senior Associate Jc60-Management Analyst (MRX) Marketrx, Inc. (A Cognizant Company) Bridgewater, NJ Dec 30, 2015 $77,147
Senior Associate Jc60-Management Analyst Cognizant Technology Solutions U.S. Corporation Bridgewater, NJ Jun 15, 2016 $77,147

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Top Skills for A Senior Managment Analyst

ProceduresFinancialManagementEnsureCompliancePolicyPersonnelHistoricalDataProjectManagementBusinessProcessHumanResourcesAuditManagementSystemProcessImprovementLogisticsStrategicGoalsInitiativeActivitySQLEmergencySystemRequirementsSharepoint

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Top Senior Managment Analyst Skills

  1. Procedures
  2. Financial Management
  3. Ensure Compliance
You can check out examples of real life uses of top skills on resumes here:
  • Created and maintained operation procedures (such as recovery guides and operators guide) to ISO9001 requirements.
  • Provide leadership in all phases of the budget process, including budget preparation, presentation, execution and financial management.
  • Advised the Professional Boards on the monthly revenue and expenditures to ensure compliance with legislative appropriations and cash balances.
  • Prepare solid waste hauling and disposal contract policy and procedure recommendations.
  • Analyzed and directed personnel in the operation, diagnose, and repair of peripheral devices and communication circuits.

Top Senior Managment Analyst Employers

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Senior Managment Analyst Videos

Career Advice on becoming a Management Accountant by Matthew R (Full Version)

Career Advice on becoming a Project Manager by Michael G (Full Version)

Career Advice on becoming a Management Consultant by Sara C (Full Version)

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