Management Analysts: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

Job description

Management Analysts conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.

  • Document findings of study and prepare recommendations for implementation of new systems, procedures, or organizational changes.
  • Interview personnel and conduct on-site observation to ascertain unit functions, work performed, and methods, equipment, and personnel used.
  • Analyze data gathered and develop solutions or alternative methods of proceeding.
  • Plan study of work problems and procedures, such as organizational change, communications, information flow, integrated production methods, inventory control, or cost analysis.
Read more about what does a Management Analyst really do at work and what is it like being and working as one.



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Salary

Average salary
$94390 per year

Average hourly wage
$45 per hour


Management Analysts with little to no experience tend to make between $48360 and $62500 while the more experienced ones can earn over $112140 per year.

Top 5 paying states Hourly Annual
NY $53 $111,040
MA $53 $110,150
DC $51 $106,210
VA $51 $105,700
NJ $51 $105,680

One of the easiest ways to increase your salary as a Management Analyst is to move to a higher paying state like NY. Right now, the highest paying states for Management Analysts are NY, MA, DC, VA and NJ.

However, a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be twice as high than where you are currently at now.

Three other factors that can increase your salary as a Management Analyst is the degree you hold, the industry you work in, and lastly the company you work for.


Requirements

Recommended degree level
Master’s degree

We asked other Management Analysts what degree they had when they got the job and most of them said they had a Master’s Degree followed by a Bachelor’s Degree.

Other than that, we also asked them what did they major in and here are the most popular majors that came up.

Business/Commerce, General
Business Administration and Management, General
Organizational Leadership
Read more about how to become a Management Analyst and the degree, training and education you need.


Pros and Cons

Here are some of the pros and cons of being a Management Analyst.

PROS
Suitable for people who likes to solve problems mentally
Suitable for people who values relationships between co-workers and customers and wants to work in a friendly non-competitive environment
This career is perfect for people who love to work indoors.
Very high salary (top 25% highest paid careers)
CONS
Not suitable for people who likes practical and hands-on work
It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)


What is the job like

Job satisfaction
70%

Is this job meaningful
44%


70% of Management Analysts said they were satisfied with their job and 44% said they feel like their job is making other people’s lives better.


Is this right for me

Best personality for this career
The Thinkers and The Entrepreneurs

You can read more about these career personality types here.

People who are suitable for this job tends to like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally..

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



Learn more about Management Analysts

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Related career information

Management Analysts job description, Management Analysts salary, Management Analysts information, what is the job of a Management Analyst like, pros and cons about Management Analysts, colleges and universities for Management Analysts, is Management Analysts the right career for me, careers in Business and Finance

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