### Bureau of Labor Statistics U.S. Bureau of Labor Statistics

Management Analysts Summary
                        
            
                                                        
                                                                
                        
            
            
            
                            
                                                
                                                
                                                
                                                
            						
							
				                                                
                                            




            			management analysts imageManagement analysts  propose ways to improve an organization’s efficiency.							
						Quick Facts:     Management Analysts2023     Median Pay
            						$99,410     per year
										$47.80     per hourTypical Entry-Level Education
                                    Bachelor's degreeWork Experience in a Related Occupation
                                    Less than 5 yearsOn-the-job Training
                                    NoneNumber of Jobs, 2022
                                    987,600Job Outlook, 2022-32
                                    10% (Much faster than average)Employment Change, 2022-32
                                    95,700What Management Analysts Do
                                                
                        
                        
Management analysts recommend ways to improve an organization’s efficiency.
            
                        Work Environment
                        
Management analysts may travel frequently to meet with clients. Some work more than 40 hours per week.
            
                                                How to Become a Management Analyst
                                                
                        
Management analysts typically need at least a bachelor’s degree and several years of related work experience.
            
                        Pay
                        												                            																				    														The median annual wage for management analysts was $99,410 in May 2023.									                                					
						
            
                        Job Outlook
                        						
												Employment							of management analysts is projected to grow							 10 percent from 2022 to 2032, much faster than the average for all occupations.
						About 92,900 openings for management analysts are projected each year, on average, over the decade.
            			
            			 Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
						State & Area Data
                       Explore resources for employment and wages by state and area for management analysts.
            
            
						
                        Similar Occupations
                        
                                                    Compare the job duties, education, job growth, and pay of management analysts with similar occupations.
            
            
                        More Information, Including Links to O*NET
                        
                                               
                        Learn more about management analysts by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.
 What Management Analysts Do 
            

			Management analystsAlthough some management analysts work for the company that they are analyzing, most work as consultants on a contractual basis.			
Management analysts, often called *management consultants*, recommend ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.
Duties
Management analysts typically do the following:
Gather and organize information about the problems to be solved or the procedures to be improved
Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed
Analyze financial and other data, including revenue, expenditure, and employment reports
Develop solutions or alternative practices
Recommend new systems, procedures, or organizational changes
Make recommendations to management through presentations or written reports
Confer with managers to ensure changes are workingAlthough some management analysts work for the organization that they analyze, many work as consultants on a contractual basis.
The work of management analysts may vary from project to project. Some projects require a team of analysts, each specializing in one area. On other projects, analysts work independently with the client organization’s managers.
Management analysts often specialize in certain areas, such as inventory control or reorganizing corporate structures for efficiency. Some focus on a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency.
Organizations hire management analysts to develop strategies for entering and remaining competitive in the market.
Management analysts who work on contract may write proposals and bid for jobs. Typically, an organization that needs the help of a management analyst requests proposals from a number of consultants and consulting companies that specialize in the needed work. Interested companies then submit a proposal that explains details such as how the work will be completed, what the schedule will be, and how much it will cost. The organization selects the proposal that best meets its needs and budget.
 Work Environment
			Management analystsBecause they must spend a significant portion of their time with clients, analysts travel frequently.			

	    
				
	
	
	
	
	
	
	    					 Management analysts held about 987,600 jobs in 2022. The largest employers of management analysts were as follows:
        Professional, scientific, and technical services
                35%Government
                17Self-employed workers
                14Finance and insurance
                12Management of companies and enterprises
                4Management analysts usually divide their time between their offices and the client’s site. Because they must spend a significant amount of time with clients, analysts travel frequently. Analysts may experience stress, especially when trying to meet a client’s demands on a tight schedule.
Work Schedules
Analysts often work many hours under tight deadlines. Some work more than 40 hours per week.
 How to Become a Management Analyst

			Management analystsA bachelor’s degree is the typical entry-level requirement for obtaining a management analyst position.			
Management analysts typically need at least a bachelor’s degree and several years of related work experience.
Education
A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).
Management analysts address a range of topics, and many fields of study provide a suitable educational background. Fields of bachelor's degree study may include business, social science, and engineering.
Licenses, Certifications, and Registrations
The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience and who complete other requirements. Management analysts are not required to get certification, but having the credential may give jobseekers a competitive advantage.
Work Experience in a Related Occupation
Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. For example, tax preparation firms may prefer candidates who have worked as an accountant or auditor, and software companies might seek those with experience as a computer systems analyst.
Advancement
As management analysts gain experience, they often take on more responsibility. Senior-level analysts may supervise teams working on complex projects and may become involved in seeking out new business. Those with exceptional skills may eventually become partners in their organization and focus on attracting new clients and bringing in revenue. Senior analysts may leave consulting and move to management positions at non-consulting organizations.
Important Qualities
***Analytical skills.*** Management analysts must be able to interpret information and use their findings to make proposals.
***Communication skills.*** Management analysts must be able to convey information clearly in both writing and speaking. Analysts also need good listening skills to understand an organization’s problems and recommend appropriate solutions.
***Interpersonal skills.*** Management analysts work with managers and other employees of the organizations for which they provide consulting services. They should be able to work as a team toward achieving the organization’s goals.
***Problem-solving skills.*** Management analysts must be able to think creatively to solve clients’ problems. Although some aspects of clients’ problems may be similar, each situation is likely to present unique challenges for the analyst to solve.
***Time-management skills.*** Management analysts often work under tight deadlines and must use their time efficiently to complete projects on schedule.
 Pay

			



	
 
                                                     
            
    
                Management AnalystsMedian annual wages, May 2023Management analysts$99,410  Business operations specialists$78,500  Total, all occupations$48,060Note: All Occupations includes all occupations in the U.S. Economy.Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics
 

	
	



		
	
	
	
The median annual wage for management analysts was $99,410 in May 2023. 


The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $57,840, and the highest 10 percent earned more than $172,280.





		
	    					 In May 2023, the median annual wages for management analysts in the top industries in which they worked were as follows:	
        Professional, scientific, and technical services
                $104,400Management of companies and enterprises
                99,730Finance and insurance
                96,450Government
                92,310Management analysts working for consulting firms are usually paid a base salary in addition to a year-end bonus. Self-employed analysts are paid directly by their clients, typically by either the hour or the project.
Analysts often work many hours under tight deadlines. Some work more than 40 hours per week.
 Job Outlook

   
        
    
          
        
    
                Management AnalystsPercent change in employment, projected 2022-32Management analysts10%  Business operations specialists6%  Total, all occupations3%Note: All Occupations includes all occupations in the U.S. Economy.Source: U.S. Bureau of Labor Statistics, Employment Projections program
            
            
			 
	
	
	

			Employment				of management analysts is projected to grow				 10 percent from 2022 to 2032, much faster than the average for all occupations.
			
			About 92,900 openings for management analysts are projected each year, on average, over the decade.
			
			 Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
			Employment
	
			
Demand for consulting services is expected to increase as organizations seek ways to improve efficiency and control costs. As markets become more competitive, firms will need to use resources more efficiently.
Information technology (IT) consultants are expected to see high demand. Businesses will seek out consulting firms to help them attain a high level of cybersecurity and make sure their IT systems are efficient and up to date.
Growth is expected to be particularly strong in smaller consulting companies that specialize in specific industries or types of business function, such as information technology or human resources. Government agencies also are expected to seek the services of management analysts as they look for ways to reduce spending and improve efficiency.

			

                        Employment projections data for     management analysts, 2022-32
                Occupational Title
                        SOC Code
                        Employment, 2022
                        Projected Employment, 2032
                        Change, 2022-32
                        Employment by IndustryPercent
                        NumericSOURCE: U.S. Bureau of Labor Statistics, Employment Projections program**Management analysts**
			13-1111
			987,600
			1,083,300
			10
			95,700
			Get data
 State & Area Data **Occupational Employment and Wage Statistics (OEWS)** The Occupational Employment and Wage Statistics (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link(s) below go to OES data maps for employment and wages by state and area. Management analysts **Projections Central** Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. All state projections data are available at www.projectionscentral.com. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state’s websites where these data may be retrieved. **CareerOneStop** CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a salary info tool to search for wages by zip code.
 Similar Occupations This table shows a list of occupations with job duties that are similar to those of management analysts. Occupation
                Job Duties
                ENTRY-LEVEL EDUCATION
                2023     MEDIAN PAY**Accountants and Auditors**
            Accountants and auditors prepare and examine financial records.
            Bachelor's degree
            $79,880**Administrative Services and Facilities Managers**
            Administrative services and facilities managers plan, direct, and coordinate activities that help an organization run efficiently.
            Bachelor's degree
            $104,900**Budget Analysts**
            Budget analysts help public and private organizations plan their finances.
            Bachelor's degree
            $84,940**Cost Estimators**
            Cost estimators collect and analyze data in order to assess the time, money, materials, and labor required to make a product or provide a service.
            Bachelor's degree
            $74,740**Economists**
            Economists conduct research, prepare reports, and evaluate issues related to monetary and fiscal policy. They also may collect and analyze statistical data.
            Master's degree
            $115,730**Financial Analysts**
            Financial analysts guide businesses and individuals in decisions about expending money to attain profit.
            Bachelor's degree
            $99,890**Financial Managers**
            Financial managers create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.
            Bachelor's degree
            $156,100**Market Research Analysts**
            Market research analysts study consumer preferences, business conditions, and other factors to assess potential sales of a product or service.
            Bachelor's degree
            $74,680**Operations Research Analysts**
            Operations research analysts use mathematics and logic to help solve complex issues.
            Bachelor's degree
            $83,640**Project Management Specialists**
            Project management specialists coordinate the budget, schedule, staffing, and other details of a project.
            Bachelor's degree
            $98,580
 Contacts for More Information
								
For more information about the Certified Management Consultant designation, visit
Institute of Management Consultants USA
For more information about other certifications in management consulting, visit
Global Academy of Finance and Management

                                                
                                                        
                                                                                                    O*NET
                                        Management Analysts
 Suggested citation: Bureau of Labor Statistics, U.S.  Department of Labor, Occupational Outlook Handbook, Management Analysts, 
        	 at https://www.bls.gov/ooh/business-and-financial/management-analysts.htm (visited *May 21, 2024*).
 **Last Modified Date:**
                        Wednesday, April 17, 2024


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