Management analyst positions offer a wide range of rewarding opportunities. Many organizations either have or will have this goal, making this career path a fairly secure option. Companies in virtually every sector want to find ways to operate more effectively, reduce waste, better use their resources and track their competition. Many companies across different industries typically hire management analysts for remote work or on-site positions for the same reason: to increase efficiency. Behind increasing demands for consulting services, an estimated 101,900 open positions are projected to be created each year. Management analyst job outlookĮmployment for management analysts is projected to grow by 11% from 2021 to 2031, according to BLS. Contracted analysts are sometimes paid per project, or per hour, until their contract is completed or renewed. By contrast, freelance analysts are typically paid by clients directly. For example, management analysts working at consulting firms are often paid both a base salary and a yearly bonus. However, the median salary depends on a few factors, including your education, years of experience, location and your employer’s compensation structure. Bureau of Labor Statistics (BLS) reported management analysts made between $50,190 and $163,760 annually. Management analyst salaryĪs of May 2021, the U.S. The conclusions from these actions often become the growth strategies that help a company improve performance and grow. This means having the ability to gather information, analyze it and draw conclusions to share with company leaders. Successful management analysts should also have skills in data analysis. Problem-solving and time-management skills are also important in this role. It’s important that they are able to convey thoughts clearly both in person and in writing. People with good communication skills and a penchant for analytical thinking are good candidates for a management analyst consultant role. Management analysts gather and analyze data, then use the information to implement the best strategies for companies to improve their success.
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