What does a Management Analyst Do?
It is a manager’s job to oversee the operations of a business to ensure that it is running smoothly. However, it is also necessary to evaluate those managers and their practices to make sure that the most efficient and effective measures are being taken. As a management analyst it would be your job to evaluate management and implement any ideas or practices that would help to ensure the advancement of the business.
Management Analyst Skills and Abilities
In order to evaluate an individual’s management skills it is important that you be able to display them yourself. Therefore, there are a few key skills and abilities that you should have:
- Analysis and evaluation
- Problem solving
- Critical thinking and reasoning
- Customer service
- Education and training
Along with these, you may need a few other skills that are specific to your company or sector.
Management Analyst Duties
In this position you have several different duties, but most of them can be summed up in a few key duties. You must observe and evaluate the current management practices that are in place and determine their effectiveness. Depending upon your findings, you would decide a proper course of action and either develop new procedures or add to those in place. You may create and present training materials and programs if necessary. All the while you would be cultivating strong work relationships with the management and leaders of the companies that you work with.
Management Analyst Tools and Technology
There are a number of different tools and technologies that you may utilize as a management analyst. Computers are very helpful for collecting and storing the data that you find and share, therefore you will most likely utilize both desktop and laptop computers. You may also find flash drives to be useful on the go. For a polished presentation style, a projector can come in handy. There are also a number of software programs that you may use to aid in collecting, analyzing and distributing information. Some of the main software includes:
- Resource planning
- Data base reporting
- Electronic mail
With this position you will have the opportunity to experience and utilize a variety of different tools and technologies, and you may find certain software more beneficial than others for particular scenarios. It is up to you to determine what tools you need to utilize to accomplish efficiency.
Education and Training for Management Analysts
To secure a management analyst position some specific training is required. You must obtain at least a bachelor’s degree, though there are a good number of individuals that attain masters and doctorate degrees to gain a full mastery of the field. Depending upon the position that you seek and the company that you are looking to work with, some work experience may be required, particularly within the management realm. Once you have obtained a position it is important that you stay abreast of changing and evolving management trends.
Management Analysts Salary
Proper management is a critical component to the success of a business, therefore the management analyst position is highly important, which is reflected in the pay. In 2014, a management analyst could expect to make around $45,400 on the lower end or upwards of $148,000 at the higher end, with $80,900 as the median salary.
Management Analyst Jobs by Geography
There are opportunities across the United States with California and New York leading with the most open positions. Trends indicate that there will be growth within the industry across the nation. Check within your area to see what opportunities may be available for you.