Management analysts, often called management consultants, propose ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.
Management analysts travel frequently to meet with clients. In 2014, about 3 in 10 worked more than 40 hours per week.
How to Become a Management Analyst
Most management analysts have at least a bachelor’s degree. The Certified Management Consultant (CMC) designation may improve job prospects.
Employment of management analysts is projected to grow 14 percent from 2014 to 2024, much faster than the average for all occupations. Demand for the services of these workers should grow as organizations continue to seek ways to improve efficiency and control costs.
This occupation supported 718,700 jobs in 2012 and 758,000 jobs in 2014, reflecting an increase of 5.5%. In 2012, this occupation was projected to increase by 18.6% in 2022 to 852,500 jobs. As of 2014, to keep pace with prediction, the expected number of jobs was 745,400, compared with an observed value of 758,000, 1.7% higher than expected. This indicates current employment trends are about on track with the 2012 trend within this occupation. In 2014, this occupation was projected to increase by 14.4% in 2024 to 861,400 jobs. Linear extrapolation of the 2012 projection for 2022 results in an expected number of 879,200 jobs for 2024, 2.1% higher than the 2014 projection for 2024. This indicates expectations for future employment trends are worse than the 2012 trend within this occupation.