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27September 2018

Management Analyst- Job, Responsibilities, Education, Skills, and Career information

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What is a Management Analyst?

The career as a management analyst might be perfect for you if you are interested in collecting & analyzing data, observing people at work, and making the necessary recommendations for evaluating and improving company’s efficiency, productivity, and profitability. Management analyst is also known as a management consultant. They may work long hours for a consulting firm or their own company.

What are the Main Roles and Responsibilities of a Management Analyst?

Companies hire management analyst to solve their organizational problem because these experts have the ability to think creatively and logically. Some of their main tasks include:

  1. Correct, organize and analyze the data such as revenue, expenditure, etc
  2. Financial record analysis
  3. Develop strategies to get a competitive edge in the market
  4. Employees’ interview and onsite observation
  5. Making recommendations
  6. Discussion with the management
  7. Identifying the organizational problems and developing new strategies for providing the best solutions
  8. Prepare bid specifications, agenda items, and staff reports
  9. Recommend the updated systems, a new procedure, and new required changes
  10. Present information to C-suite
  11. Maintain and organize administrative documents

What Skills and Qualifications does a Management Analyst Need?

A candidate needs a bachelor’s degree in IT, Statistics, Computer Science, Economics, Business Information System, or Mathematics for entry in this profession. Some companies prefer hiring MBA students. Some trusted and renowned universities offer formal programs in management analyst and consulting.

Skills and Expertise Needed in this Profession

  1. Communication
  2. Analytical
  3. Business skills
  4. Numeracy
  5. Adobe and Google analytics
  6. Problem-solving
  7. Computer and technical
  8. Interpersonal
  9. Coordination and team spirit
  10. Knowledge of advanced Microsoft Excel
  11. Time-management
  12. Scripting and statistical language

Where Management Analyst can Find Work?

Numbers of companies (small as well as top organizations) hire management consultant or analyst for scientific, professional, and technical services. They may apply for the job in:

  1. Finance & insurance companies
  2. Self-employed companies
  3. Government organizations at the state and federal level
  4. Company management firms
  5. Computer system & design

What are the Management Analysts’ related Careers?

Management analysts have excellent career opportunities in various domains such as finance, accounting, IT, etc. This profession opens the door for various professions including an accountant, budget analyst, financial analyst, cost estimators, operation research analyst, market research analyst, survey researchers, financial managers, economist, and more.

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