Project Management Analyst Careers: Job Description & Salary

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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. Colorado Technical University

    Program Options

    Doctorate
      • Doctor of Management - Global Leadership (Executive Format)
      • Doctorate: Management - Organizational Development and Change
      • Doctor of Management - Project Management
      • Doctor of Management (DM) - General Concentration (Executive Format)
      • Doctor of Management - Leadership
      • Doctor - Management - Nonprofit Leadership
    Master's
      • MBA: Project Management
      • Master: Management - Project Management
      • Master: Management
      • Master of Business Admin - Entrepreneurship
      • M.S. - Management: Organization Leadership and Change
      • Master of Business Admin
    Bachelor's
      • BS - Business Administration - Management
      • Bachelor: Project Management
      • BS - Business Administration - Project Management
      • Bachelor of Science in Business Administration - Organizational Behavior
      • Bachelor of Science in Business Administration - Business Development
      • BS - Business Administration - General
    Associate's
      • Associate of Science in Business Administration
  • Online Programs Available
    2. Johns Hopkins University

    Program Options

    Master's
      • MA in Public Management
      • Master of Science in Government Analytics
      • Master of Science in Research Administration
    Certificate
      • Certificate in Nonprofit Management
  • Online Programs Available
    3. American University

    Program Options

    Master's
      • Master of Science in Agile Project Management
      • Master of Science in Measurement and Evaluation
    Certificate
      • Graduate Certificate in Agile Project Management
      • Graduate Certificate in Project Monitoring and Evaluation
  • Online Programs Available
    4. Saint John's University

    Program Options

    Master's
      • Master of Business Administration: Interdisciplinary Business
  • Online Programs Available
    5. Keiser University

    Program Options

    Master's
      • Master of Business Administration - Management (Spanish)
    Bachelor's
      • B.A. - Business Admin: Management
      • Business Administration, BA - Management
    Associate's
      • Associate of Arts - Accounting
    Certificate
      • Grad Business Certificate - Management and Leadership
  • Online Programs Available
    6. Indiana Wesleyan University

    Program Options

    Doctorate
      • Ph.D. in Organizational Leadership
    Master's
      • Master of Business Administration - Project Management
      • Master of Public Administration - Non-Profit Leadership
      • Master of Public Administration - Public Management
      • Master of Business Administration - Executive Management (Virtual Format)
      • Master of Business Administration - No Specialization
      • M.A. Organizational Leadership
    Bachelor's
      • B.S. Management - No Specialization
      • B.S. General Studies - Entrepreneurship
      • B.S. Business Administration - No Specialization
      • B.S. General Studies - Business
    Associate's
      • A.S. Business
      • A.S. General Studies - Business
      • A.S. General Studies - Entrepreneurship
  • Online Programs Available
    7. Grand Canyon University

    Program Options

    Doctorate
      • DBA - Management
      • Ed.D. in Organizational Leadership - Organizational Development
    Master's
      • M.B.A. with an Emphasis in Project Management
      • MBA and MS in Leadership (Dual Degree)
      • MBA: Leadership
      • MS in Leadership
      • MBA
      • Master of Science in Business Analytics
    Bachelor's
      • BS in Applied Management
      • Bachelor of Science in Business for Secondary Education
      • BS in Entrepreneurial Studies
      • BS in Business Admin.
      • Bachelor of Science in Applied Business Analytics
  • Online Programs Available
    8. Widener University

    Program Options

    Master's
      • Master of Business Administration
      • Master of Business Administration - Business Process Innovation
  • Online Programs Available
    9. Northcentral University

    Program Options

    Doctorate
      • PhD in Business Admin - Organizational Leadership
      • PhD in Business Admin - Management
      • Doctor of Business Admin - Organizational Leadership
      • Doctor of Business Admin - General Business
      • PhD-TIM - IT Project Management
      • Doctor of Business Admin - Management
    Master's
      • Master of Business Admin - General Business
      • Master of Science in Organizational Leadership - Project Management
      • Master of Business Administration - Strategic Management
      • MSTIM - IT Project Management
      • MBA - Management
      • MBA - Project Management
    Certificate
      • Education Specialist - Organizational Leadership
  • Campus Locations:
    10. Virginia College

    Program Options

    Associate's
      • Associate's - Business Admin
    Certificate
      • Certification - Business Administration
      • Diploma Program - Business Administration

Featured Schools

Colorado Technical University

  • Doctor of Management - Global Leadership (Executive Format)
  • MBA: Project Management
  • BS - Business Administration - Management
  • Associate of Science in Business Administration

Are you a US citizen?

Johns Hopkins University

  • MA in Public Management
  • Master of Science in Government Analytics
  • Certificate in Nonprofit Management

What is your highest level of education?

American University

  • Master of Science in Agile Project Management
  • Master of Science in Measurement and Evaluation
  • Graduate Certificate in Agile Project Management
  • Graduate Certificate in Project Monitoring and Evaluation

What is your highest level of education?

Saint John's University

  • Master of Business Administration: Interdisciplinary Business

What is your highest level of education?

Keiser University

  • Master of Business Administration - Management (Spanish)
  • B.A. - Business Admin: Management
  • Associate of Arts - Accounting
  • Grad Business Certificate - Management and Leadership

What is your highest level of education?

Indiana Wesleyan University

  • Ph.D. in Organizational Leadership
  • Master of Business Administration - Project Management
  • B.S. Management - No Specialization
  • A.S. Business

What is your highest level of education?

Grand Canyon University

  • DBA - Management
  • M.B.A. with an Emphasis in Project Management
  • BS in Applied Management

What is your highest level of education?

Widener University

  • Master of Business Administration
  • Master of Business Administration - Business Process Innovation

What is your highest level of education completed?