Many organizations use associate analyst positions as a training ground for new hires. These firms frequently promote experienced associates when other positions become available. Analysts are frequently referred to as management consultants, especially in the private sector.
Analysts use their expertise to study an organization and make recommendations designed to increase profits or efficiency. Workers at the associate level provide support to senior personnel, while honing their skills and preparing for higher-ranking positions.
Many analysts choose to specialize in a particular branch of business, such as marketing, human resources, logistics or information systems.
Some employers only require a bachelor’s degree in business administration or a related field for positions at the associate level. Other employers will consider only candidates with a master’s degree.
To perform the necessary job duties, analysts must be self-motivated and disciplined. Strong communication skills, good judgment and creativity also are desirable.
Environment and Conditions
Most day-to-day duties are performed in a traditional office setting. Frequent travel may be required, depending on the position. Overtime is commonplace, especially when important deadlines draw near.
2016 Salary Information for Management Analysts
Management analysts earned a median annual salary of $81,330 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, management analysts earned a 25th percentile salary of $60,950, meaning 75 percent earned more than this amount. The 75th percentile salary is $109,170, meaning 25 percent earn more. In 2016, 806,400 people were employed in the U.S. as management analysts.