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Become A Statistical Analyst

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Working As A Statistical 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

  • $77,729

    Average Salary

What Does A Statistical 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 Statistical 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 Statistical Analyst?

Statistical Analyst Jobs

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Statistical Analyst Career Paths

Statistical Analyst
Project Manager Management Consultant Senior Business Analyst
Analytical Manager
9 Yearsyrs
Marketing Analyst Analyst Senior Programmer Analyst
Application Manager
9 Yearsyrs
SAS Programmer Senior Programmer Senior Software Engineer
Chief Technology Officer
11 Yearsyrs
Statistical Consultant Assistant Professor Program Manager
Contractor/Consultant
11 Yearsyrs
Statistical Consultant Data Analyst
Data Manager
6 Yearsyrs
Research Analyst Analyst Senior Software Engineer
Development Manager
8 Yearsyrs
Finance Analyst Operations Manager Senior Manager
Director Of Analytics
13 Yearsyrs
Business Analyst Senior Systems Analyst Senior Software Engineer
Director Of Software Development
12 Yearsyrs
Senior Analyst Product Manager Regional Manager
Group Manager
8 Yearsyrs
Marketing Analyst Senior Analyst
Principal Analyst
11 Yearsyrs
Senior Analyst Research Manager
Research Director
7 Yearsyrs
Project Manager Senior Project Manager Project Director
Research Manager
6 Yearsyrs
SAS Programmer Business Analyst
Senior Analyst
6 Yearsyrs
Analyst Finance Analyst Reporting Analyst
Senior Reporting Analyst
6 Yearsyrs
Program Manager Project Director Market Research Analyst
Senior Research Analyst
5 Yearsyrs
Analyst Risk Analyst
Senior Risk Analyst
7 Yearsyrs
Business Analyst Product Manager Operations Manager
Site Manager
7 Yearsyrs
Finance Analyst Business Analyst Senior Systems Analyst
Systems Manager
7 Yearsyrs
Research Analyst Senior Analyst Project Leader
Technical Manager
7 Yearsyrs
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Do you work as a Statistical Analyst?

Statistical Analyst Demographics

Gender

Male

48.1%

Female

37.7%

Unknown

14.2%
Ethnicity

White

47.7%

Asian

25.9%

Hispanic or Latino

12.5%

Black or African American

8.9%

Unknown

5.0%
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Foreign Languages Spoken

Spanish

33.3%

French

13.5%

Mandarin

10.4%

Chinese

10.4%

Italian

5.2%

Arabic

5.2%

Russian

3.1%

German

3.1%

Hindi

2.1%

Cantonese

2.1%

Japanese

2.1%

Swahili

1.0%

Turkish

1.0%

Marathi

1.0%

Hebrew

1.0%

Ukrainian

1.0%

Bengali

1.0%

Romanian

1.0%

Braille

1.0%

Greek

1.0%
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Statistical Analyst Education

Schools

George Washington University

9.1%

Cornell University

7.4%

University of Nebraska - Lincoln

6.8%

University of Kentucky

6.3%

University of Michigan - Ann Arbor

5.7%

Arizona State University

5.1%

Columbia University

5.1%

University of Alabama

4.5%

Michigan State University

4.5%

Middle Tennessee State University

4.5%

University of Connecticut

4.5%

University of Missouri - Columbia

4.5%

Villanova University

4.0%

North Carolina State University

4.0%

University of Texas at Dallas

4.0%

University of Maryland - College Park

4.0%

University of Florida

4.0%

DePaul University

4.0%

University of Phoenix

4.0%

University of Delaware

4.0%
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Majors

Statistics

32.4%

Business

12.1%

Economics

7.1%

Finance

6.6%

Mathematics

6.6%

Biostatistics

5.7%

Computer Science

4.4%

Management Science

3.9%

Management

2.6%

Psychology

2.5%

Accounting

2.5%

Sociology

2.1%

Ecology, Population Biology, And Epidemiology

1.9%

Communication

1.6%

Industrial Engineering

1.6%

Marketing

1.6%

Public Health

1.4%

Elementary Education

1.3%

Management Information Systems

1.2%

Political Science

1.2%
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Degrees

Masters

48.8%

Bachelors

27.6%

Doctorate

9.5%

Other

9.0%

Certificate

2.6%

Associate

2.1%

Diploma

0.4%
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Real Statistical Analyst Salaries

Job Title Company Location Start Date Salary
Statistical Analyst Netflix Los Gatos, CA Nov 18, 2015 $240,200
Director, Statistical Analyst Charles Schwab & Co., Inc. San Francisco, CA Oct 31, 2016 $185,000
Statistical Arbitrage Analyst Flow Traders Us LLC New York, NY Oct 01, 2015 $155,000
Statistical Arbitrage Analyst Flow Traders Us LLC New York, NY May 17, 2016 $155,000
Director, Statistical Analyst Charles Schwab and Company, Inc. San Francisco, CA May 01, 2015 $150,000 -
$180,000
Expert Statistical Analyst Bayer Healthcare Pharmaceuticals, Inc. NJ Sep 05, 2016 $145,000
Clinical Statistical Analyst Inventiv Health Clinical, LLC Bridgewater, NJ Oct 17, 2016 $139,360
Principal Statistical Analyst Novartis Institutes for Biomedical Research, Inc. Cambridge, MA Sep 06, 2015 $132,375
Principal Statistical Analyst Novartis Institutes for Biomedical Research, Inc. Cambridge, MA Oct 08, 2016 $132,375
Principal Statistical Analyst Bayer Healthcare Pharmaceuticals NJ Jan 13, 2016 $129,125
Statistical Arbitrage Analyst Flow Traders Us LLC New York, NY Mar 15, 2015 $126,000
Statistical Analyst MMS Holdings, Inc. Canton, MI Oct 02, 2016 $125,000
Clinical Statistical Analyst Volt Management Corp Bridgewater, NJ Oct 17, 2016 $122,361 -
$141,624
Statistical Analyst Best High Technologies LLC Princeton, NJ Jan 09, 2016 $74,694
Biostatistics Analyst Best High Technologies LLC Princeton, NJ Sep 16, 2016 $74,694
Scientific Statistical Analyst Intellisurvey, Inc. Ladera Ranch, CA Sep 21, 2016 $74,600 -
$80,000
Statistical Analyst K3-Innovations, Inc. North Brunswick, NJ Aug 31, 2016 $74,500
Statistical Analyst K3-Innovations, Inc. Ridgefield, NJ Aug 31, 2016 $74,500
Statistical Analyst K3-Innovations, Inc. Pennington, NJ Aug 31, 2016 $74,500
Clinical Statistical Analyst Waveletsoft Technologies Inc. Bentonville, AR Sep 14, 2015 $67,100
Clinical Statistical Analyst Waveletsoft Technologies Inc. Bentonville, AR Sep 18, 2015 $67,100
Statistical Analyst Midland Credit Management, Inc. San Diego, CA Oct 01, 2015 $67,000
Statistical Analyst, Data Analytics Jmark Inc. San Jose, CA Nov 09, 2016 $66,784 -
$83,480
Statistical Analyst Wal-Mart Associates, Inc. Bentonville, AR Oct 10, 2016 $66,625
Statistical Analyst II Medpace, Inc. Cincinnati, OH Oct 20, 2015 $66,400
Statistical Analyst I Covance Inc. Cary, NC Jul 10, 2015 $66,394 -
$76,950
Statistical Analyst II Early Warning Services, LLC Austin, TX Oct 01, 2015 $66,123 -
$96,123

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Top Skills for A Statistical Analyst

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  1. Data Analysis
  2. Database
  3. Sas/Sql
You can check out examples of real life uses of top skills on resumes here:
  • Provide Data analysis which includes working with large pools of data and manipulating information to perform analysis for management.
  • Created an interactive computer database to track improvement projects.
  • Provide technical expertise in Base SAS, SAS Macro language, SAS/SQL, and SAS/GRAPH.
  • Utilized SAS for manipulation and statistical analysis of large data sets to identify trends, relationships and statistical significance.
  • Prepared accurate quarterly financial statements.

What is it like to work as a Statistical Analyst

5.0

Statistical data analist

June 7, 2019 on Zippia

What was your job title?

Statistical Analyst.. Show More

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

Interacting people to know needs involving statistical solutions.. Show More

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Excesive uncertainty in data.. Show More

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Top 10 Best States for Statistical Analysts

  1. District of Columbia
  2. New Jersey
  3. Delaware
  4. Virginia
  5. North Carolina
  6. Arkansas
  7. Washington
  8. Maryland
  9. Connecticut
  10. Alabama
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  • (532 jobs)
  • (83 jobs)
  • (1,275 jobs)
  • (572 jobs)
  • (86 jobs)
  • (350 jobs)
  • (645 jobs)
  • (221 jobs)
  • (179 jobs)

Top Statistical Analyst Employers

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