Management analysts help businesses make operations run more efficiently and effectively. By conducting studies, performing evaluations, designing procedures and preparing operational manuals, a management analyst can propose a wide range of solutions to improve operations, from work simplification to streamlining day-to-day activities.
Duties and responsibilities
- Meet clients and determine what their problems are and what they wish to achieve
- Research the company, interview employees and investigate first-hand operational inefficiencies
- Conduct analyses pertaining to cost-benefits, production methods, supply control and human resources
- Gather data and corporate information to understand problems with current procedures
- Propose solutions or alternative methods to remedy what ails the firms or public agency
- Develop and implement a records management system and request compliance
- Prepare research reports, present findings and outline operational recommendations
- Utilise various techniques, tactics and tools to conduct research into internal issues
- Put together a corporate manual, train personnel and list tools to take advantage of
- Report back to your superiors on what should and should not be done
Skills and knowledge
AVERAGE WORKING HOURS
Standard business hours
You will typically work 40 hours a week during regular business hours. There may be times, however, when you will need to work evenings or weekends, depending on your employer.
For the most part, you will work in an office environment. Again, depending on your employer and the industry in which they operate (such as manufacturing, legal, business or healthcare), you may also work in a factory or laboratory setting.
Annual salary estimates are based on percentile wage data collected through the Occupational Employment Statistics (OES) survey of US workers.
Bachelor’s degree in a related field
To become a management analyst, you will need to obtain a bachelor’s degree in management, business administration, accounting, marketing, finance or a related field, which typically takes four years to complete.
A master’s degree, such as an MBA, can significantly increase your employment prospects.
Many management analysts typically begin their careers as an operating research assistant, budget analyst or staffing specialist.
With experience, you will often gain more responsibility and may progress to supervisory or senior management positions.