Management Analyst
What they Do
Management analysts, often called management consultants, recommend ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.
Work Enviroment
Management analysts usually divide their time between their offices and the client’s site. Because they must spend a significant amount of time with clients, analysts travel frequently. Analysts may experience stress, especially when trying to meet a client’s demands on a tight schedule.
How to Become One
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).Management analysts are not required to get certification, but having a credential may give jobseekers a competitive advantage.
Pay
The median annual wage for management analysts was $101,190 in May 2024. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $59,720, and the highest 10 percent earned more than $174,140.
Job Outlook
Employment of management analysts is projected to grow 9 percent from 2024 to 2034, much faster than the average for all occupations. About 98,100 openings for management analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
Simalar Occupations
- Accountants and Auditors
- Administrative Services and Facilities Managers
- Budget Analysts
- Cost Estimators
- Economists
- Project Management Specialists