Management AnalystManagement Analysts salary statistic

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Management Analyst

Management analyst is an umbrella term that refers to professionals that analyze operations and procedures in business and industrial environments, in order to improve in areas such as communications, production, inventory control, costs, organizational structure, and more. As you can imagine, these functions are often divided among several individuals, especially in a large enterprise. This career gives many benefits in terms of education and performance and thus gets frequent requests for resume help for veterans.

Whichever type of role, the average management analyst salary, by early 2016, was about $81,300. Here are some of the most common management analysis positions in business and industry for which you can get resume help:

  • Risk Management: This individual works for financial institutions and investment firms and analyzes the financial risks of investments, loans, and other financial moves the institution is considering. A risk management analyst salary averages $71,900.
  • Asset management: This person may work for financial institutions or as a consultant to individuals or organizations that have investment assets. He analyzes value and makes recommendations for acquisitions, and trades. The asset management analyst salary is lower than the average for all analysts, at about $55,500.
  • Data Management: Protection and enhancement of data is the primary function of this individual. Many in this profession work for government and are involved in an analysis of network security. The data management analysis salary is at the high end of this general category at about $101,000.
  • Consulting: these are outside consultants, contracted by enterprises to analyze their business operations and practices and make recommendations to improve such things as efficiency of operations and productivity. They typical project management analyst salary is at the lower end of
  • Project Management: Every project has a budget that must be analyzed for integrity and validity, and this is the primary responsibility of these individuals. While they may have other titles, they analyze projected costs to ensure that they align with budget projections. The project management analyst salary is a bit above average at $89,700.
  • Business Analysis: A manger involved in this work analyzes specific aspects of a business or industry for efficiency and makes recommendations of more cost-effective solutions. These solutions can be in a variety of areas such as logistics, inventory control, work flow, etc. The average business analyst management salary is at the high end, at about $100,000.
  • Change Management: this field of analysis often relates to IT and the change of IT systems within an organization and methodologies to manage the change. It requires significant IT skills and ability to train others. A typical change management analyst salary is at the high end for the profession, between $95,000 and $110,000.
  • Wealth Management: Such an individua may work for organizations, such as trusts and investment firms, but also for individuals who seek advice and counsel through investment firms. They analyze individual portfolios and make recommendations based upon individuals’ short- and long-term financial goals. The average wealth management analyst salary is at the low-end of the range, typically between $50,000 - $70,000.
  • Supply Chain Management: Supply chain refers to production of goods from brining in the raw materials from suppliers, to producing the product to warehousing that product and then the delivery of that product to the customer. This position analyzes each step of the process and determines ways in which that process can be improved. The supply chain management salary has a national average of $57,000. However, in very large enterprises, there are opportunities for moving up and to a director position which comes with much higher income.

Educational Requirements

Management analysts typically have a Bachelor’s degree in business with emphasis on the specific field of analysis. Graduate degrees are usually required for upper level positions. Find out more at professional resume editing service.

Employment Outlook

Forecasters state that the outlook for employment is a bit above average over the next 8-10 years, particularly for those who have solid IT backgrounds along with specific expertise.