Project Management Analyst Careers: Job Description & Salary

About this article
A management analyst's mean annual salary is about $90,000 per year, but is it worth the education requirements? Read real job descriptions and see the truth about career prospects to decide if this career is right for you.
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Pros and Cons of a Management Analyst Career

A management analyst consults with organizations on methods to improve efficiency. Continue reading for the pros and cons of this career.

Pros of a Management Analyst Career
High average salary of about $90,000 per year in 2014*
Faster than average growth (19% growth from 2012-2022)*
Employment in companies or consulting work options*
Variety in work assignments and may work independently or on a team*

Cons of an a Management Analyst Career
Employment typically requires a bachelor's degree*
May require working long hours under tight deadlines
Experience in business may be required for employment*
Travel is generally required*

Source: *U.S. Bureau of Labor Statistics.

Essential Career Info

Management analysts use their knowledge to improve a company or organization's efficiency. They work on budgeting to reduce costs and increase revenues by gathering necessary information and coming up with solutions. Management analysts handle many project-oriented tasks and analyze data on productivity, expenses, inventory, procedures, structures and systems. Some may also specialize in a specific area like health care or government agencies.

According to the U.S. Bureau of Labor Statistics (BLS), in May 2014, the mean annual wage for management analysts was nearly $91,000 (www.bls.gov). The BLS also reported that the top employing industry was management, scientific and technical consulting services, and the five top paying states were Massachusetts, New York, Maryland, Virginia and Washington.

What Are the Requirements?

According to the BLS, management analysts typically have a bachelor's degree for entry-level employment. Although management consulting degrees are not offered at many colleges, related disciplines of study include areas like business, accounting, economics and statistics. Some employers require a Master in Business Administration (MBA) for consideration for management analyst positions.

Management analysts also need above-average problem-solving, analytical, communication, time-management and interpersonal ability. Some of the other skills you will need in the industry are:

  • Listening skills
  • Customer service skills
  • Math skills
  • Critical thinking, inductive reasoning and problem-solving skills
  • Computer skills

Job Postings from Real Employers

Most employers require a degree and some experience from prospective management analysts. Here are some examples of real job openings posted on Monster.com in April 2012:

  • A company in Alexandria, VA, is hiring a management analyst to develop, implement and maintain quality control plans and projects. Applicants must have at least two years of experience in the industry and a bachelor's degree; however, a master's degree is preferred by this employer. The analyst must also be a U.S. citizen, be proactive and possess excellent oral and written communication skills.
  • A San Jose, CA, company is hiring a management analyst with at least three years of experience and a master's degree, or at least five years of experience and a bachelor's degree. Applicants should also have experience in areas like accounts receivable and payable, general ledger, purchasing, business process analysis, management strategies, business intelligence solutions, GAP analysis and Oracle financial applications customization. Travel or relocation may be required for this position.
  • A Plymouth, MN, health care company is hiring a resource management analyst to monitor and support its services requests, tickets, change queues and miscellaneous administrative tasks. Applicants must have a bachelor's degree or a high school diploma with four years of experience. Two years of experience in customer service within an information technology or management support role is also required.

How to Make Your Skills Stand Out

Some of the ways you can stand out in the field are to gain additional education or certification. Management analysts can become certified through the Institute of Management Consultants (IMC). Three levels of certification are offered for the Certified Management Consultant (CMS) credential; these include basic, experienced and management. A written and oral examination and specific experiential requirements apply to each level of certification. Many colleges offer certificate programs to prepare you for certification covering professional theories and practices used in the industry.

Additional education disciplines related to the occupation may also give you a leg up in employment opportunities. Pursuing an MBA can be beneficial for advancement, and other related master's degree programs are available, such as financial analysis. These programs can typically be completed in two years, and many are designed for employed professionals.

Other Career Paths

If you like the financial aspects of the job, another occupation to consider is to become a financial analyst. This career focuses on helping individuals or companies make sound investment decisions. According to the BLS, the mean annual salary for financial analysts in May 2011 was about $88,000.

You could also focus on the conditions of sales in services or products by becoming a market research analyst. This career entails analyzing what consumers will purchase and the price they will pay for it. The mean annual wages for market research analysts in May 2011 was approximately $67,000, stated the BLS.

Popular Schools

  • Online Programs Available
    1. Purdue University Global

    Program Options

    Master's
      • Master: Management/Project Mgmt
      • M.S. in Management
      • MSM in Leadership
      • MSM in Organizational Design and Development
    Bachelor's
      • BSBA in Management
      • BBA: Project Management
      • Bachelor of Business Admin
      • BSBA - Investment
    Certificate
      • Executive Leader Graduate Certificate
  • Online Programs Available
    2. Colorado State University Global

    Program Options

    Master's
      • Master of Project Management
      • MS - Management
      • MS - Organizational Leadership
      • Master of International Management
    Bachelor's
      • BS - Project Management
      • BS - Business Management
      • BS - Organizational Leadership
    Certificate
      • Undergraduate Certificate - Project Management
  • Online Programs Available
    3. Regent University

    Program Options

    Doctorate
      • Doctor of Strategic Leadership
      • Doctor of Strategic Leadership - Individualized Studies
      • Doctor of Strategic Leadership - Leadership Coaching
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    Master's
      • Master of Business Administration - General Management
      • Master of Business Administration - Innovation Management
      • M.A. in Business & Design Management
      • Master of Arts in Organizational Leadership - Not-for-Profit Management
      • Master of Business Administration - Entrepreneurship
      • Master of Business Administration - Leadership
    Bachelor's
      • Bachelor of Applied Science in Management and Leadership
      • Bachelor of Science in Business - General Management
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      • Bachelor of Arts in Leadership Studies
      • Bachelor of Arts in Leadership Studies - Business
      • Bachelor of Arts in Leadership Studies - Self-Designed
  • Online Programs Available
    4. Trident University

    Program Options

    Doctorate
      • Business Administration (Ph.D.)
      • Doctor of Business Administration
    Bachelor's
      • Leadership (BSL)
      • Business Administration (BSBA)
    Associate's
      • Professional Studies (ASPS)
  • Campus and Online Programs
    5. Full Sail University

    Program Options

    Master's
      • M.S. - Entertainment Business
    Bachelor's
      • B.S. - Music Business
      • B.S. - Sports Marketing and Media
  • Online Programs Available
    6. Florida Tech

    Program Options

    Bachelor's
      • BA in Business Administration/Management
      • BA in Management
      • BA in Business Administration/Healthcare Management
    Associate's
      • AA in Management
      • AA in Business Administration
  • Online Programs Available
    7. Seton Hall University

    Program Options

    Master's
      • Master of Business Administration
  • Online Programs Available
    8. Northcentral University

    Program Options

    Doctorate
      • PhD in Business Admin - Organizational Leadership
      • PhD in Business Admin - Management
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      • PhD-TIM - IT Project Management
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    Master's
      • MS Organizational Leadership - General Organizational Leadership
  • Online Programs Available
    9. Grand Canyon University

    Program Options

    Master's
      • Master of Science in Business Analytics
    Bachelor's
      • Bachelor of Science in Business for Secondary Education
  • Online Programs Available
    10. Penn Foster High School

    Program Options

    High School Diploma
      • HS Diploma

Featured Schools

Purdue University Global

  • Master: Management/Project Mgmt
  • BSBA in Management
  • Executive Leader Graduate Certificate

Which subject are you interested in?

Colorado State University Global

  • Master of Project Management
  • BS - Project Management
  • Undergraduate Certificate - Project Management

What is your highest level of education?

Regent University

  • Doctor of Strategic Leadership
  • Master of Business Administration - General Management
  • Bachelor of Applied Science in Management and Leadership

What is your highest level of education completed?

Trident University

  • Business Administration (Ph.D.)
  • Leadership (BSL)
  • Professional Studies (ASPS)

What is your highest level of education completed?

Full Sail University

  • M.S. - Entertainment Business
  • B.S. - Music Business
  • B.S. - Sports Marketing and Media

What is your highest level of education?

Florida Tech

  • BA in Business Administration/Management
  • BA in Management
  • AA in Management
  • AA in Business Administration

What is your highest level of education completed?

Seton Hall University

  • Master of Business Administration

What is your highest level of education?

Northcentral University

  • PhD in Business Admin - Organizational Leadership
  • PhD in Business Admin - Management
  • MS Organizational Leadership - General Organizational Leadership

What is your highest level of education?