Management Analyst Salary
Job Description for Management Analyst
Management analyst positions are available in a wide variety of industries, ranging from military and government organizations to medical and investment companies. Requirements vary by field and position, but a bachelor’s degree in public administration, business administration, finance, or a related field is generally needed. Most jobs also require a year of specialized experience in a similar type of administrative work. Many government and military openings require citizenship and the ability to obtain secret clearance as well.Read More...
Individuals in this position work closely with other departments to ensure efficiency and accuracy in all operations. This may include everything from payroll and budgeting to the development of new programs and policies. Management analysts perform extensive analysis on potential methods to improve company procedures, as well as generate regular reports on their findings for management. These professionals also estimate future needs and budgets to ensure that resources are adequate moving forward.
The job generally has no physical requirements other than basic office tasks such as working on computers for extended periods of time and moving around the office. The work hours vary from opening to opening, but it is common to work during regular business hours. In some companies, management analysts work in teams; however, many of these positions have substantial independent work and minimal direct supervision. Generally, little travel is required of management analysts.
Management Analyst Tasks
- Prepare operations and procedures manuals to assist management in operating more efficiently and effectively.
- Prepare manuals and instruct workers in the use of new forms or procedures.
- Conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies.
Common Career Paths for Management Analyst
Management Analysts often transition into Management Consultant positions, for which compensation tends to be much higher. On average, Management Consultants earn $93K per year. When Management Analysts are ready for the next step in their careers, they often become Business Process Consultants or IT Business Analysts. Those roles pay an additional $14K and $3K, respectively.
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Popular Skills for Management Analyst
Survey takers working as Management Analysts report using a large range of professional skills. Most notably, facility with Strategic Planning, Business Analysis, and Project Management are correlated to pay that is significantly above average, leading to increases of 21 percent, 8 percent, and 4 percent, respectively. Those listing Technical Writing as a skill should be prepared for drastically lower pay. Process Improvement and Operations Management also typically command lower compensation. Most people familiar with Microsoft Excel also know Research Analysis.
Pay by Experience Level for Management Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Management Analysts, extensive experience does not lead to significantly more money. Relatively untried employees who have less than five years' experience make $58K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $69K. On average, Management Analysts make $72K following one to two decades on the job. Veterans who have acquired more than 20 years report a median income of $77K, which is generally higher than the pay reported by other tenure groups.
Pay Difference by Location
With a pay rate for Management Analysts that is 28 percent greater than the national average, Alexandria offers a comfortable salary for those in this profession. Management Analysts will also find cushy salaries in Fairfax (+25 percent), Washington (+18 percent), New York (+11 percent), and Columbus (+10 percent). Management Analysts' salaries are heavily influenced by location — Management Analysts in St. Paul bring in salaries that are 22 percent lower than the national average. Not at the bottom but still paying below the median are employers in Las Vegas and Denver (18 percent lower and 6 percent lower, respectively).